LegalizeReform history
Income and Corporation Taxes Act 1988
100 versions
· 1988-02-09
2022-07-14
Income and Corporation Taxes Act 1988
2019-07-05
Income and Corporation Taxes Act 1988
2019-02-12
Income and Corporation Taxes Act 1988
2017-11-16
Income and Corporation Taxes Act 1988
2017-04-27
Income and Corporation Taxes Act 1988
2017-04-06
Income and Corporation Taxes Act 1988
2016-12-14
Income and Corporation Taxes Act 1988
2016-09-15
Income and Corporation Taxes Act 1988
2016-08-12
Income and Corporation Taxes Act 1988
2016-06-16
Income and Corporation Taxes Act 1988
2015-03-26
Income and Corporation Taxes Act 1988
2015-02-12
Income and Corporation Taxes Act 1988
2014-08-01
Income and Corporation Taxes Act 1988
2014-07-17
Income and Corporation Taxes Act 1988
2014-01-01
Income and Corporation Taxes Act 1988
2013-07-17
Income and Corporation Taxes Act 1988
2013-04-06
Income and Corporation Taxes Act 1988
2012-07-17
Income and Corporation Taxes Act 1988
2012-04-01
Income and Corporation Taxes Act 1988
2012-03-14
Income and Corporation Taxes Act 1988
2011-08-11
Income and Corporation Taxes Act 1988
2011-07-19
Income and Corporation Taxes Act 1988
2011-06-16
Income and Corporation Taxes Act 1988
2011-02-25
Income and Corporation Taxes Act 1988
2010-12-16
Income and Corporation Taxes Act 1988
2010-10-01
Income and Corporation Taxes Act 1988
2010-07-27
Income and Corporation Taxes Act 1988
2010-04-08
Income and Corporation Taxes Act 1988
2010-04-01
Income and Corporation Taxes Act 1988
2009-12-01
Income and Corporation Taxes Act 1988
2009-11-11
Income and Corporation Taxes Act 1988
2009-10-01
Income and Corporation Taxes Act 1988
2009-09-01
Income and Corporation Taxes Act 1988
2009-08-13
Income and Corporation Taxes Act 1988
2009-07-21
Income and Corporation Taxes Act 1988
2009-06-01
Income and Corporation Taxes Act 1988
2009-04-23
Income and Corporation Taxes Act 1988
2009-04-22
Income and Corporation Taxes Act 1988
2009-04-06
Income and Corporation Taxes Act 1988
2009-04-01
Income and Corporation Taxes Act 1988
2009-02-21
Income and Corporation Taxes Act 1988
2009-02-03
Income and Corporation Taxes Act 1988
2009-01-01
Income and Corporation Taxes Act 1988
2008-12-27
Income and Corporation Taxes Act 1988
2008-12-01
Income and Corporation Taxes Act 1988
2008-10-29
Income and Corporation Taxes Act 1988
2008-10-28
Income and Corporation Taxes Act 1988
2008-09-08
Income and Corporation Taxes Act 1988
2008-08-12
Income and Corporation Taxes Act 1988
2008-07-22
Income and Corporation Taxes Act 1988
2008-07-21
Income and Corporation Taxes Act 1988
2008-07-08
Income and Corporation Taxes Act 1988
2008-07-01
Income and Corporation Taxes Act 1988
2008-04-06
Income and Corporation Taxes Act 1988
2008-04-01
Income and Corporation Taxes Act 1988
2008-02-19
Income and Corporation Taxes Act 1988
2008-01-03
Income and Corporation Taxes Act 1988
2008-01-01
Income and Corporation Taxes Act 1988
2007-12-28
Income and Corporation Taxes Act 1988
2007-12-27
Income and Corporation Taxes Act 1988
2007-12-06
Income and Corporation Taxes Act 1988
2007-11-29
Income and Corporation Taxes Act 1988
2007-10-01
Income and Corporation Taxes Act 1988
2007-09-01
Income and Corporation Taxes Act 1988
2007-08-14
Income and Corporation Taxes Act 1988
Changes on 2007-08-14
@@ -28,7 +28,7 @@
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#### Chargeable payments connected with exempt distributions.
#### Exempt distributions: division of business
##### 5
@@ -94,7 +94,7 @@
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of section 730A.
#### Treatment of price differential on sale and repurchase of securities.
##### 9
@@ -23652,7 +23652,7 @@
## SCHEDULE 31
#### The charge to income tax.
#### Application of lower rate to income from savings and distributions.
##### 1A
@@ -23662,7 +23662,7 @@
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#### Advance corporation tax and qualifying distributions.
#### Schedule A.
##### 8A
@@ -24244,7 +24244,7 @@
- “*debit*” means an amount which for accounting purposes reduces a profit, or increases or creates a loss, for a period of account.
#### Relief for rent etc. not paid.
#### Appeals against determinations under sections 34 to 36 or Chapter 4 of Part 3 of ITTOIA 2005.
##### 76A
@@ -24300,7 +24300,7 @@
- (5) “*Repayment provision*” has the meaning given in section 76A(3).
#### Disposal or exercise of rights in pursuance of deposits.
#### Deep discount securities.
##### 79A
@@ -24544,7 +24544,7 @@
- (3) Relevant expenditure is expenditure incurred in making to the agent any payment in respect of expenses which have been or are to be incurred by the agent in connection with his functions under the scheme.
#### Case V income from land outside UK: corporation tax.
#### Computation of income tax where no profits in year of assessment.
##### 87A
@@ -25364,7 +25364,7 @@
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#### Levies and repayments under the Financial Services and Markets Act 2000: investment companies.
#### Levies and repayments under the Financial Services and Markets Act 2000.
##### 126A
@@ -28456,7 +28456,7 @@
- (8) Condition C is that the surplus arising since the last valuation shown in line 34 of the Form 58 of the non-profit fund, or any of the non-profit funds, in relation to which condition A or B is met in the periodical return for the current period of account is a negative amount.
#### Tax credits for certain recipients of qualifying distributions.
#### Dividend or bonus granted by industrial and provident society
##### 434AZB
@@ -28682,7 +28682,7 @@
- (8) But if the profits of the company's life assurance business for a subsequent accounting period are charged to tax under the I minus E basis, any relief not previously given under subsection (7) is to be treated for the purposes of the operation of section 76 in relation to the first subsequent accounting period for which profits are so charged as if it were an amount which is to be relieved under that section by virtue of section 86(8) and (9) of the Finance Act 1989.
#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.
#### Restrictions on the use of tax credits by pension funds.
##### 440D
@@ -28756,7 +28756,7 @@
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
#### Procedure for making election.
#### Election by company paying dividend.
##### 444AZB
@@ -28918,7 +28918,7 @@
- (3) See section 444AA for the meaning of “the transfer date” in this section.
#### Interpretation of sections 249 and 250.
#### Returns.
##### 444ABB
@@ -29650,7 +29650,7 @@
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#### Treatment of cash dividend retained and then later paid out
#### Application of sections 251B and 251C
##### 444C
@@ -30050,2111 +30050,2111 @@
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#### Elections as to transfer of relief under section 257A or 257AB.
##### 468EE
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##### 468F
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##### 468G
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### Distributions of authorised unit trusts: general
##### 468H
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##### 468I
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### Dividend and foreign income distributions
##### 468J
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##### 468K
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### Interest distributions
##### 468L
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#### Transfer of relief under section 257A.
##### 468M
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##### 468N
- (1) Subsection (2) below applies where—
- (a) an interest distribution is made for a distribution period to a unit holder; and
- (b) the gross income entered in the distribution accounts for the purposes of computing the total amount available for distribution to unit holders does not derive from eligible income entirely.
- (2) Where this subsection applies, the obligation to deduct under section 349(2) shall not apply to the relevant amount of the interest distribution to the unit holder if the residence condition is on the distribution date fulfilled with respect to him.
- (3) Section 468O makes provision with respect to the circumstances in which the residence condition is fulfilled with respect to a unit holder.
- (4) This is how to calculate the relevant amount of the interest distribution—
$$R=AxBC$Where—R = the relevant amount;A = the amount of the interest distribution before deduction of tax to the unit holder in question;B = such amount of the gross income as derives from eligible income;C = the amount of the gross income.$
- (5) In subsection (4) above the references to the gross income are references to the gross income entered as mentioned in subsection (1)(b) above.
##### 468O
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##### 468P
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##### 468PA
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##### 468PB
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### Distributions to corporate unit holder
##### 468Q
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##### 468R
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##### 469A
- (1) The Tax Acts shall have effect in relation to any common investment fund established under section 42 of the Administration of Justice Act 1982 (common investment funds for money paid into court) as if—
- (a) the fund were an authorised unit trust;
- (b) the person who is for the time being the investment manager of the fund were the trustee of that authorised unit trust; and
- (c) the persons with qualifying interests were the unit holders in that authorised unit trust.
- (1A) For the purposes of subsection (1)(c) above, the persons with qualifying interests are—
- (a) in relation to shares in the fund held by the Accountant General, the persons whose interests entitle them, as against him, to share in the fund’s investments;
- (b) in relation to shares in the fund held by any other person authorised by the Lord Chancellor to hold such shares on behalf of others (an “authorised person”)—
- (i) if there are persons whose interests entitle them, as against the authorised person, to share in the fund’s investments, those persons;
- (ii) if not, the authorised person;
- (c) in relation to shares in the fund held by persons authorised by the Lord Chancellor to hold such shares on their own behalf, those persons.
- (2) In this section “*the Accountant General*” means . . . the Accountant General of the Supreme Court of Judicature in England and Wales or the Accountant General of the Supreme Court of Judicature of Northern Ireland.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 472A
- (1) This section applies in relation to securities—
- (a) which are held by a company carrying on a banking business, an insurance business or a business consisting wholly or partly in dealing in securities; and
- (b) which are such that a profit on their sale would form part of the trading profits of that business.
- (2) Profits and losses arising from such securities that in accordance with generally accepted accounting practice are—
- (a) calculated by reference to the fair value of the securities, and
- (b) recognised in that company's statement of recognised gains and losses or statement of changes in equity,
shall be brought into account in computing the profits or losses of a business in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) Subsection (2) does not apply—
- (a) to an amount to the extent that it derives from or otherwise relates to an amount brought into account under that subsection in an earlier period of account, or
- (b) to an amount recognised for accounting purposes by way of correction of a fundamental error.
- (4) In this section, “securities”—
- (a) includes shares and any rights, interests or options that by virtue of section 99, 135(5) or 136(5) of the Taxation of Chargeable Gains Act 1992 are treated as shares for the purposes of sections 126 to 136 of that Act; but
- (b) does not include a loan relationship (within the meaning of Chapter 2 of Part 4 of the Finance Act 1996).
##### 477A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . Dividends or interest payable in respect of shares in, or deposits with or loans to, a building society shall be dealt with for the purposes of corporation tax as follows—
- (a) to the extent that it would not otherwise fall to be so regarded, liability to pay the dividends or interest shall be treated for the purposes of Chapter II of Part IV of the Finance Act 1996 as a liability arising under a loan relationship of the building society;
- (aa) if the dividends or interest are payable to a company, then, to the extent that they would not otherwise fall to be so regarded, they shall be treated for those purposes as payable to that company in pursuance of a right arising under a loan relationship of that company;
- (b) no part of any such dividends or interest . . . shall be treated as a distribution of the society or as franked investment income of any company resident in the United Kingdom.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Subsection (3)(a) above shall apply to any interest paid by the society under a certified SAYE savings arrangement as if it were a dividend on a share in the society.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In this section “*dividend*” includes any distribution (whether or not described as a dividend).
- (10) In this section—
- “*certified SAYE savings arrangement*” has the meaning given by section 703 of ITTOIA 2005
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##### 477B
- (1) In computing for the purposes of corporation tax the income of a building society from the trade carried on by it, there shall be allowed as a deduction, if subsection (2) below applies, the incidental costs of obtaining finance by means of issuing shares in the society which are qualifying shares.
- (1A) A deduction shall not be allowed by virtue of subsection (1) above to the extent that the costs in question fall to be brought into account as debits for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships).
- (2) This subsection applies if any amount payable in respect of the shares by way of dividend or interest is deductible in computing for the purposes of corporation tax the income of the society from the trade carried on by it.
- (3) In subsection (1) above, “*the incidental costs of obtaining finance*” means expenditure on fees, commissions, advertising, printing and other incidental matters (but not including stamp duty), being expenditure wholly and exclusively incurred for the purpose of obtaining the finance (whether or not it is in fact obtained), or of providing security for it or of repaying it.
- (4) This section shall not be construed as affording relief—
- (a) for any sums paid in consequence of, or for obtaining protection against, losses resulting from changes in the rate of exchange between different currencies, or
- (b) for the cost of repaying qualifying shares so far as attributable to their being repayable at a premium or to their having been issued at a discount.
- (5) In this section—
- “*dividend*” has the same meaning as in section 477A, and
- “*qualifying share*” has the same meaning as in section 117(4) of the 1992 Act.
##### 480A
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##### 480B
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#### Transitional relief: husband with excess allowances.
##### 480C
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#### Qualifying policies.
##### 482A
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### PETROLEUM EXTRACTION ACTIVITIES
##### 494AA
- (1) This section applies where—
- (a) a company (“*the seller*”) carrying on a trade has disposed of an asset which was used for the purposes of that trade, or an interest in such an asset;
- (b) the asset is used, under a lease, by the seller or a company associated with the seller (“*the lessee*”) for the purposes of a ring fence trade carried on by the lessee; and
- (c) the lessee uses the asset before the end of the period of two years beginning with the disposal.
- (2) Subject to subsection (4) below, subsection (3) below applies to so much (if any) of the expenditure incurred by the lessee under the lease as—
- (a) falls, in accordance with generally accepted accounting practice, to be treated in the accounts of the lessee as a finance charge;. . . or
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) falls, if the case is one where the lease is a long funding operating lease, to be deductible in computing the profits of the lessee for the purposes of corporation tax (after first making against any such expenditure any reductions falling to be made by virtue of section 502K).
- (3) The expenditure shall not be allowable in computing for the purposes of Schedule D the profits of the ring fence trade.
- (4) Expenditure shall not be disallowed by virtue of subsection (3) above to the extent that the disposal referred to in subsection (1) above is made for a consideration which—
- (a) is used to meet expenditure incurred by the seller in carrying on oil extraction activities or in acquiring oil rights otherwise than from a company associated with the seller; or
- (b) is appropriated to meeting expenditure to be so incurred by the seller.
- (5) Where any expenditure—
- (a) would apart from subsection (3) above be allowable in computing for the purposes of Schedule D the profits of the ring fence trade for an accounting period, but
- (b) by virtue of that subsection is not so allowable,
that expenditure shall be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 as if it were a non-trading debit in respect of a loan relationship of the lessee for that accounting period.
- (6) In this section —
- “*long funding operating lease*” means a long funding operating lease for the purposes of Part 2 of the Capital Allowances Act (see section 70YI(1) of that Act);
- “*lease*”, in relation to an asset, has the same meaning as in sections 781 to 784.
##### 494A
- (1) In section 403(3) (availability of charges, Schedule A losses and management expenses for surrender as group relief) the reference to the gross profits of the surrendering company for an accounting period does not include the company’s relevant ring fence profits for that period.
- (2) If for that period—
- (a) there are no charges on income paid by the company that are allowable under section 338, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
all the company’s ring fence profits are relevant ring fence profits.
- (3) In any other case the company’s relevant ring fence profits are so much of its ring fence profits as exceeds the amount of the charges on income paid by the company as—
- (a) are allowable under section 338 for that period, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 496A
Schedule 19B to this Act (exploration expenditure supplement) shall have effect.
##### 496B
Schedule 19C to this Act (ring fence expenditure supplement) shall have effect.
#### “Gross rate” and “gross amount” of distributions to include ACT.
##### 501A
- (1) Where in any accounting period beginning on or after 17th April 2002 a company carries on a ring fence trade, a sum equal to 20 per cent of its adjusted ring fence profits for that period shall be charged on the company as if it were an amount of corporation tax chargeable on the company.
- (2) A company’s adjusted ring fence profits for an accounting period are the amount which, on the assumption mentioned in subsection (3) below, would be determined for that period (in accordance with this Chapter) as the profits of the company’s ring fence trade chargeable to corporation tax.
- (3) The assumption is that financing costs are left out of account in computing—
- (a) the amount of the profits or loss of any ring fence trade of the company’s for each accounting period beginning on or after 17th April 2002; and
- (b) where for any such period the whole or part of any loss relief is surrendered to the company in accordance with section 492(8), the amount of that relief or, as the case may be, that part.
- (4) For the purposes of this section, “*financing costs*” means the costs of debt finance.
- (5) In calculating the costs of debt finance for an accounting period the matters to be taken into account include—
- (a) any costs giving rise to debits in respect of debtor relationships of the company under Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) , other than debits in respect of exchange losses from such relationships (see section 103(1A) and (1B) of that Act);
- (b) any exchange gain or loss from a debtor relationship, within the meaning of that Chapter (see section 103(1A) and (1B) of that Act), in relation to debt finance;
- (c) any credit or debit falling to be brought into account under Schedule 26 to the Finance Act 2002 (derivative contracts) in relation to debt finance;
- (d) the financing cost implicit in a payment under a finance lease;
- (dd) where the company is the lessee under a long funding operating lease, the amount deductible in respect of payments under the lease in computing the profits of the lessee for the purposes of corporation tax (after first making against any such amount any reductions falling to be made by virtue of section 502K); and
- (e) any other costs arising from what would be considered in accordance with generally accepted accounting practice to be a financing transaction.
- (6) Where an amount representing the whole or part of a payment falling to be made by a company—
- (a) falls (or would fall) to be treated as a finance charge under a finance lease for the purposes of accounts relating to that company and one or more other companies and prepared in accordance with generally accepted accounting practice, but
- (b) is not so treated in the accounts of the company,
the amount shall be treated for the purposes of this section as financing costs falling within subsection (5)(d) above.
- (7) If—
- (a) in computing the adjusted ring fence profits of a company for an accounting period, an amount falls to be left out of account by virtue of subsection (5)(d) above, but
- (b) the whole or any part of that amount is repaid,
the repayment shall also be left out of account in computing the adjusted ring fence profits of the company for any accounting period.
- (8) In this section “*finance lease*” means any arrangements—
- (a) which provide for an asset to be leased or otherwise made available by a person to another person (“*the lessee*”), and
- (b) which, under generally accepted accounting practice,—
- (i) fall (or would fall) to be treated, in the accounts of the lessee or a person connected with the lessee, as a finance lease or a loan, or
- (ii) are comprised in arrangements which fall (or would fall) to be so treated.
- (9) For the purposes of applying subsection (8)(b) above, the lessee and any person connected with the lessee are to be treated as being companies which are incorporated in a part of the United Kingdom.
- (10) In this section “*accounts*”, in relation to a company, includes any accounts which—
- (a) relate to two or more companies of which that company is one, and
- (b) are drawn up in accordance with generally accepted accounting practice.
- (11) In this section “*long funding operating lease*” means a long funding operating lease for the purposes of Part 2 of the Capital Allowances Act (see section 70YI(1) of that Act).
##### 501B
- (1) Subject to subsection (3) below, the provisions of section 501A(1) relating to the charging of a sum as if it were an amount of corporation tax shall be taken as applying, subject to the provisions of the Taxes Acts, and to any necessary modifications, all enactments applying generally to corporation tax, including—
- (a) those relating to returns of information and the supply of accounts, statements and reports;
- (b) those relating to the assessing, collecting and receiving of corporation tax;
- (c) those conferring or regulating a right of appeal; and
- (d) those concerning administration, penalties, interest on unpaid tax and priority of tax in cases of insolvency under the law of any part of the United Kingdom.
- (2) Accordingly (but without prejudice to subsection (1) above) the Management Act shall have effect as if any reference to corporation tax included a reference to a sum chargeable under section 501A(1) as if it were an amount of corporation tax.
- (3) In any regulations made under section 32 of the Finance Act 1998 (as at 17th April 2002, the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999)—
- (a) references to corporation tax do not include a reference to a sum chargeable on a company under section 501A(1) as if it were corporation tax; and
- (b) references to profits charged to corporation tax do not include a reference to adjusted ring fence profits, within the meaning of section 501A(1).
- (4) In this section “*the Taxes Acts*” has the same meaning as in the Management Act.
### Chapter 5A — Special rules for long funding leases of plant or machinery: corporation tax
### Introductory
##### 502A
This Chapter has effect for the purposes of corporation tax only.
### Lessors under long funding finance leases
##### 502B
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessor of any plant or machinery under a long funding finance lease.
- (2) The amount to be brought into account as the lessor's taxable income from the lease for the period of account is the amount of the rental earnings in respect of the lease for the period of account.
- (3) The “rental earnings” for any period is the amount which, in accordance with generally accepted accounting practice, falls (or would fall) to be treated as the gross return on investment for that period in respect of the lease where it meets the finance lease test.
- (4) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan in the accounts in question, so much of the rentals under the lease as fall (or would fall) to be treated as interest are to be treated for the purposes of this section as rental earnings.
##### 502C
- (1) This section applies for determining for the purposes of corporation tax the profits of a company which is or has been the lessor under a long funding finance lease.
- (2) This section has effect where a profit or loss (whether of an income or capital nature)—
- (a) arises to the company in connection with the lease, and
- (b) in accordance with generally accepted accounting practice falls to be recognised for accounting purposes in a period of account, but
- (c) would not, apart from this section, be brought into account in computing the profits of the company for the purposes of corporation tax.
- (3) The profit or loss is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (4) Any reference in this section to an amount falling to be recognised for accounting purposes in a period of account is a reference to an amount falling to be recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in computing the company's profits or losses for that period.
##### 502D
- (1) This section applies for determining the liability to corporation tax of a company which is or has been the lessor under a long funding finance lease.
- (2) Where—
- (a) the lease terminates, and
- (b) a sum calculated by reference to the termination value is paid to the lessee,
no deduction in respect of the sum paid to the lessee is allowed in computing the profits of the company.
- (3) This section does not prevent a deduction in respect of a sum to the extent that the sum is brought into account in determining the company's rental earnings.
### Lessors under long funding operating leases
##### 502E
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account—
- (a) for the whole of which, or
- (b) for any part of which,
the company is the lessor of any plant or machinery under a long funding operating lease.
- (2) A deduction is allowed in computing the profits of the company for the period of account.
- (3) The amount of the deduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) if the only use of the plant or machinery by the lessor has been the leasing of it under the long funding operating lease as a qualifying activity, cost;
- (b) if the last previous use of the plant or machinery by the lessor was the leasing of it under another long funding operating lease as a qualifying activity, market value;
- (c) if the last previous use of the plant or machinery by the lessor was the leasing of it under a long funding finance lease as a qualifying activity, the recognised value;
- (d) if the last previous use of the plant or machinery by the lessor was for the purposes of a qualifying activity other than leasing under a long funding lease, the lower of cost and market value;
- (e) if the lessor owns the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but—
- (i) the plant or machinery is brought into use by the lessor for the purposes of a qualifying activity on or after 1st April 2006, and
- (ii) that qualifying activity is the leasing of the plant or machinery under the long funding operating lease,
the relevant value is the lower of first use market value and first use amortised value.
- (5) In subsection (4) above—
- “*cost*” means the amount of the expenditure incurred by the lessor on the provision of the plant or machinery;
- “*first use amortised value*” means the value that the plant or machinery would have at the time when it is first brought into use for the purposes of the qualifying activity, on the assumption that—the cost of acquiring the plant or machinery had been written off on a straight line basis over the remaining useful economic life of the plant or machinery, andany further capital expenditure incurred had been written off on a straight line basis over so much of the remaining economic life of the plant or machinery as remains at the time when the expenditure is incurred;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity;
- “*market value*” means the market value of the plant or machinery at the commencement of the term of the long funding operating lease;
- “*recognised value*” means the value at which the plant or machinery is recognised in the books or other financial records of the lessor at the commencement of the long funding operating lease.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(e) above, would have been) expected to be the residual value of the plant or machinery,
to find the expected gross reduction in value over the term of the lease.
- (7) Apportion the amount of that expected gross reduction in value to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the deduction for any period of account is the amount so apportioned to that period.
##### 502F
- (1) This section applies if in any period of account—
- (a) a company is the lessor of any plant or machinery under a long funding operating lease,
- (b) the company incurs capital expenditure in relation to the plant or machinery, and
- (c) that capital expenditure (the “additional expenditure”) is not reflected in the market value of the plant or machinery at the commencement of the term of the lease.
- (2) In a case falling within section 502E(4)(e) above, subsection (1)(c) above has effect as if the reference to the commencement of the term of the lease were a reference to the time when the plant or machinery is first brought into use by the lessor for the purposes of the qualifying activity.
- (3) Where this section applies, an additional deduction is allowed in computing the profits of the company for each post-expenditure period of account in which the company is the lessor of the plant or machinery under the lease.
- (4) The amount of the deduction for any such period of account is to be determined as follows.
- (5) Find ARV, CRV, PRV, and TRV where—
- “ARV” is the amount which, at the time when the additional expenditure is incurred, is expected to be the residual value of the plant or machinery;
- “CRV” is the amount which, at the commencement of the term of the lease, is expected to be the residual value of the plant or machinery;
- “PRV” is the sum of any amounts that fell to be taken into account as RRV (see subsection (6)) in the application of this section in relation to any previous additional expenditure incurred by the company in relation to the leased plant or machinery;
- “TRV” is the total of CRV and PRV.
- (6) Find RRV, where—
- (a) if ARV exceeds TRV, RRV is the portion of the excess that is a result of the additional expenditure, but
- (b) if ARV does not exceed TRV, RRV is nil.
- (7) From—
- (a) the amount of the additional expenditure,
subtract
- (b) RRV,
to find the expected partial reduction in value over the remainder of the term of the lease.
- (8) Apportion the amount of that expected partial reduction in value to each post-expenditure period of account in which any part of the term of the lease falls.
- (9) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each post-expenditure period of account.
- (10) The amount of the additional deduction for any period of account is the amount so apportioned to that period.
- (11) In this section “*post-expenditure period of account*” means any period of account ending after the incurring of the additional expenditure.
##### 502G
- (1) This section applies for determining the liability to corporation tax of a company which is the lessor immediately before the termination of a long funding operating lease.
- (2) Step 1 is to find—
- (a) the termination amount (TA);
- (b) the total of any sums paid to the lessee that are calculated by reference to the termination value (LP).
- (3) Step 2 is to find—
- (a) the relevant value for the purposes of section 502E(6)(a) (RV);
- (b) the total of the deductions allowable under section 502E for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD1);
- (c) the amount, if any, (ERV) by which RV exceeds TD1.
- (4) Step 3 is to find—
- (a) the total of any amounts of capital expenditure incurred by the company which constitute additional expenditure for the purposes of section 502F in the case of the lease (TAE);
- (b) the total of any deductions allowable under section 502F for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD2);
- (c) the amount, if any, (EAE) by which TAE exceeds TD2.
- (5) Step 4 is to find the total of ERV and EAE (T).
- (6) If (TA – LP) exceeds T, treat a profit of an amount equal to the excess as arising to the company in the period of account in which the lease terminates.
- (7) If T exceeds (TA – LP), treat a loss of an amount equal to the excess as arising to the company in that period of account.
- (8) A profit or loss treated as arising to the company under subsection (6) or (7) above is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (9) In computing the profits of the company, no deduction is allowed in respect of any sums paid to the lessee that are calculated by reference to the termination value.
### Lessors under long funding finance or operating leases: avoidance etc
#### Meaning of “the minimum amount”
##### 502GA
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if the following condition is met.
- (2) The condition is that any part of the expenditure incurred by the company on the acquisition of the plant or machinery for leasing under the lease—
- (a) is (apart from those sections) allowable as a deduction in calculating its profits or losses for the purposes of corporation tax, and
- (b) is so allowable as a result of the plant or machinery forming part of its trading stock.
- (3) For the purposes of this section the cases in which expenditure incurred by a company on the acquisition of any plant or machinery for leasing under a lease is allowable as such a deduction include any case where—
- (a) the company becomes entitled to the deduction at any time after the expenditure is incurred, and
- (b) the deduction arises as a result of the plant or machinery forming part of its trading stock at that time.
- (4) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) the condition in subsection (2) is met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (5) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (4).
##### 502GB
- (1) This section applies if—
- (a) a company is the lessee of any plant or machinery under a lease (“lease A”) that is not a long funding lease,
- (b) it enters into a lease (“lease B”) of any of that plant or machinery (as lessor), and
- (c) lease B is a long funding lease.
- (2) Sections 502B to 502G do not apply in relation to lease B.
- (3) If by virtue of section 70H of the Capital Allowances Act (tax return by lessee treating lease as long funding lease) lease A becomes a long funding lease (and does not cease to be such a lease), treat this section as never having applied in relation to lease B.
##### 502GC
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if conditions A to C are met.
- (2) Condition A is that the long funding lease forms part of any arrangement entered into by the company which includes one or more other transactions (whether the arrangement is entered into before or after or at the inception of the lease).
- (3) Condition B is that the main purpose, or one of the main purposes, of the arrangement is to secure that, over the relevant period, there would be a substantial difference between—
- (a) the total amount of the amounts under the arrangement which are, in accordance with generally accepted accounting practice, recognised in determining the company's profit or loss for any period or taken into account in calculating the amounts which are so recognised, and
- (b) the total amount of the amounts under the arrangement which are taken into account in calculating the profits or losses of the company for the purposes of corporation tax.
- (4) For the purposes of condition B “*the relevant period*” means the period which begins with the inception of the lease and ends with the end of the term of the lease.
- (5) Condition C is that the difference would be attributable (wholly or partly) to the application of any of sections 502B to 502G in relation to the company by reference to the plant or machinery under the lease.
- (6) The reference in this section to an amount being recognised in determining a company's profit or loss for a period is to an amount being recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in calculating the company's profits and losses for that period.
- (7) For the purposes of this section it does not matter whether the parties to any transaction which forms part of the arrangement differ from the parties to any of the other transactions.
- (8) For the purposes of this section the cases in which two or more transactions are to be taken as forming part of an arrangement include any case in which it would be reasonable to assume that one or more of them—
- (a) would not have been entered into independently of the other or others, or
- (b) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (9) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) conditions A to C are met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (10) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (9).
##### 502GD
- (1) If a company is or has been a lessor under a long funding lease of a film, sections 502B to 502G do not apply in respect of the lease.
- (2) “*Film*” has the same meaning as in Part 15 of CTA 2009 (see section 1181 of that Act).
### Insurance company as lessor
##### 502H
- (1) This section applies to a company carrying on life assurance business if it is the lessor under a long funding lease in a period of account.
- (2) In this section—
- (a) subsections (3) to (7) have effect in relation to—
- (i) basic life assurance and general annuity business, and
- (ii) PHI business, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subsection (4) below applies in the case of each of the following amounts—
- (a) an amount of rental earnings which the company is required by section 502B (long funding finance lease) to bring into account as taxable income,
- (b) an amount treated under section 502C(3)(a) (long funding finance lease: lessor's exceptional items) as a profit arising to the company,
- (c) an amount of rental income arising to the company from a long funding operating lease,
- (d) an amount treated under section 502G(8)(a) (long funding operating lease: lessor's excess termination amount) as a profit arising to the company,
but only if the leased asset is an asset of the company's long-term insurance fund.
- (4) In determining for the purposes of the Corporation Tax Acts in any such case the extent to which any such amount is referable to—
- (a) basic life assurance and general annuity business, or
- (b) PHI business,
section 432A (apportionment of insurance companies' income) is to have effect in relation to the amount as it has effect in relation to the income arising from an asset.
This subsection is subject to subsections (5) and (6) below.
- (5) Before applying subsection (4) above in a case where—
- (a) that subsection applies by virtue of subsection (3)(a) above in relation to an amount of rental earnings, and
- (b) there is an amount which is deductible as a revenue expense by virtue of section 502C(3)(b) (long funding finance lease: lessor's exceptional items),
the amount so deductible is to be given effect by applying it, so far as possible, in reducing the amount of the rental earnings.
- (6) Before applying subsection (4) above by virtue of subsection (3)(c) above in relation to an amount of rental income,—
- (a) any deduction falling to be made under section 502E, or
- (b) any reduction falling to be made under section 502F,
is to be given effect by applying it, so far as possible, in reducing (or further reducing) the amount of the rental income.
- (7) Where, after applying amounts in making reductions required by subsection (5) or (6) above, there remains unapplied an amount in respect of—
- (a) a deduction falling to be made under section 502E,
- (b) a reduction falling to be made under section 502F, or
- (c) an amount deductible as a revenue expense by virtue of section 502C(3)(b),
the amount is to be apportioned under section 432A in the same way as income.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Lessees under long funding finance leases
#### Elections as to transfer of relief under section 257A or 257AB.
##### 502I
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding finance lease.
- (2) In calculating the company's profits for the period of account,—
- (a) the amount deducted in respect of amounts payable under the lease,
must not exceed
- (b) the amounts which, in accordance with generally accepted accounting practice, fall (or would fall) to be shown in the company's accounts as finance charges in respect of the lease.
- (3) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan, subsection (2) above applies as if the lease were one which, under generally accepted accounting practice, fell to be treated as a finance lease.
##### 502J
- (1) This section applies where—
- (a) a company is or has been the lessee under a long funding finance lease, and
- (b) in connection with the termination of the lease, a payment calculated by reference to the termination value falls to be made to the company.
- (2) The payment is not to be brought into account in determining for the purposes of corporation tax the profits of the company for any period of account.
- (3) Subsection (2) above does not affect the amount of any disposal value that falls to be brought into account by the company under the Capital Allowances Act.
### Lessees under long funding operating leases
##### 502K
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding operating lease.
- (2) The deductions that may be allowed in computing the profits of the company for the period of account are to be reduced in accordance with the following provisions of this section.
- (3) The amount of the reduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) the market value of the plant or machinery at the commencement of the term of the lease, unless paragraph (b) below applies;
- (b) if the lessee—
- (i) has the use of the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but
- (ii) brings the plant or machinery into use for the purposes of a qualifying activity on or after 1st April 2006,
the lower of first use market value and first use amortised market value.
- (5) In subsection (4) above—
- “*first use amortised market value*” means the value that the plant or machinery would have—at the time when it is first brought into use for the purposes of the qualifying activity, buton the assumption that the market value of the plant or machinery at the commencement of the term of the lease had been written off on a straight line basis over the remaining useful economic life of the plant or machinery;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(b) above, would have been) expected to be the market value of the plant or machinery at the end of the term of the lease,
to find the expected gross reduction over the term of the lease.
- (7) Apportion the amount of that expected gross reduction to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the reduction for any period of account is the amount so apportioned to that period.
### Interpretation of Chapter
##### 502L
- (1) This section has effect for the interpretation of this Chapter.
- (2) In this Chapter—
- “*qualifying activity*” has the same meaning as in Part 2 of the Capital Allowances Act;
- “*residual value*”, in relation to any plant or machinery leased under a long funding operating lease, means—the estimated market value of the plant or machinery on a disposal at the end of the term of the lease,lessthe estimated costs of that disposal.
- (3) Any reference in this Chapter to a sum being written off on a straight line basis over a period of time (the “writing-off period”) is a reference to—
- (a) the sum being apportioned between each of the periods of account in which any part of the writing-off period falls,
- (b) that apportionment being made on a time basis, according to the proportion of the writing-off period that falls in each of the periods of account, and
- (c) the sum being written off accordingly.
- (4) Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases) applies in relation to this Chapter as it applies in relation to that Part.
##### 504A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Eligibility for relief.
#### Transfer of relief under section 257A.
##### 506A
- (1) This section applies to the following transactions—
- (a) the sale or letting of property by a charitable company to a substantial donor,
- (b) the sale or letting of property to a charitable company by a substantial donor,
- (c) the provision of services by a charitable company to a substantial donor,
- (d) the provision of services to a charitable company by a substantial donor,
- (e) an exchange of property between a charitable company and a substantial donor,
- (f) the provision of financial assistance by a charitable company to a substantial donor,
- (g) the provision of financial assistance to a charitable company by a substantial donor, and
- (h) investment by a charitable company in the business of a substantial donor.
- (2) For the purposes of this section a person is a substantial donor to a charitable company in respect of an accounting period if—
- (a) the charitable company receives relievable gifts of at least £25,000 from him in a period of 12 months in which the accounting period wholly or partly falls, or
- (b) the charitable company receives relievable gifts of at least £100,000 from him in a period of six years in which the accounting period wholly or partly falls;
and if a person is a substantial donor to a charitable company in respect of an accounting period by virtue of paragraph (a) or (b), he is a substantial donor to the charitable company in respect of the following five accounting periods.
- (3) A payment made by a charitable company to a substantial donor in the course of or for the purposes of a transaction to which this section applies shall be treated for the purposes of section 505 as non-charitable expenditure.
- (4) If the terms of a transaction to which this section applies are less beneficial to the charitable company than terms which might be expected in a transaction at arm's length, the charitable company shall be treated for the purposes of section 505 as incurring non-charitable expenditure equal to that amount which the Commissioners for Her Majesty's Revenue and Customs determine as the cost to the charitable company of the difference in terms.
- (5) A payment by a charitable company of remuneration to a substantial donor shall be treated for the purposes of section 505 as non-charitable expenditure unless it is remuneration, for services as a trustee, which is approved by—
- (a) the Charity Commission,
- (b) another body with responsibility for regulating charities by virtue of legislation having effect in respect of any Part of the United Kingdom, or
- (c) a court.
##### 506B
- (1) Section 506A shall not apply to a transaction within section 506A(1)(b) or (d) if the Commissioners for Her Majesty's Revenue and Customs determine that the transaction—
- (a) takes place in the course of a business carried on by the substantial donor,
- (b) is on terms which are no less beneficial to the charitable company than those which might be expected in a transaction at arm's length, and
- (c) is not part of an arrangement for the avoidance of any tax.
- (2) Section 506A shall not apply to the provision of services to a substantial donor if the Commissioners determine that the services are provided—
- (a) in the course of the actual carrying out of a primary purpose of the charitable company, and
- (b) on terms which are no more beneficial to the substantial donor than those on which services are provided to others.
- (3) Section 506A shall not apply to the provision of financial assistance to a charitable company by a substantial donor if the Commissioners determine that the assistance—
- (a) is on terms which are no less beneficial to the charitable company than those which might be expected in a transaction at arm's length, and
- (b) is not part of an arrangement for the avoidance of any tax.
- (4) Section 506A shall not apply to investment by a charitable company in the business of a substantial donor where the investment takes the form of the purchase of shares or securities listed on a recognised stock exchange.
- (5) A disposal at an undervalue in respect of which relief is available under section 587B of this Act or section 431 of ITA 2007 (gifts of shares, securities and real property to charities etc) shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (6) A disposal at an undervalue to which section 257(2) of the 1992 Act (gifts of chargeable assets) applies shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (7) In the application of section 506A payments by a charitable company, or benefits arising to a substantial donor from a transaction, shall be disregarded in so far as they relate to a donation by the donor, and—
- (a) if the donation is made by a company, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 339 because of subsection (3B)(b) of that section (restrictions on associated benefits), or
- (b) if the donation is made by an individual, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 416 of ITA 2007 because of subsection (7)(b) of that section (restrictions on associated benefits).
- (8) A company which is wholly owned by a charity within the meaning of section 339(7AB) shall not be treated as a substantial donor in relation to a charitable company which owns it (or any part of it).
- (9) A registered social landlord or housing association shall not be treated as a substantial donor in relation to a charitable company with which it is connected; and for that purpose—
- (a) “*registered social landlord or housing association*” means a body entered on a register maintained under—
- (i) section 1 of the Housing Act 1996,
- (ii) section 57 of the Housing (Scotland) Act 2001, or
- (iii) Article 14 of the Housing (Northern Ireland) Order 1992, and
- (b) a body and a charitable company are connected if (and only if)—
- (i) the one is wholly owned, or subject to control, by the other, or
- (ii) both are wholly owned, or subject to control, by the same person.
##### 506C
- (1) A gift is “*relievable*” for the purposes of section 506A(2) if relief is available in respect of it under—
- (a) section 83A,
- (b) section 339,
- (c) sections 587B and 587C,
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (e) section 257 of the 1992 Act (gifts of chargeable assets),
- (f) section 63 of the Capital Allowances Act (gifts of plant and machinery),
- (g) sections 713 to 715 of ITEPA 2003 (payroll giving),
- (h) section 108 of ITTOIA 2005 (gifts of trading stock), . . .
- (i) sections 628 and 630 of ITTOIA 2005 (gifts from settlor-interested trusts), or
- (j) Chapters 2 and 3 of Part 8 of ITA 2007 (gift aid and gifts of shares, securities and real property).
- (2) A charitable company is treated as incurring expenditure in accordance with section 506A(4) at such time (or times) as the Commissioners determine.
- (3) Section 506A applies to a transaction entered into in an accounting period with a person who is a substantial donor in respect of that period, even if it was not until after the transaction was entered into that he first satisfied the definition of “substantial donor” in respect of that period.
- (4) Either or both of subsections (3) and (4) of section 506A may be applied to a single transaction; but any amount of non-charitable expenditure which a charitable company is treated as incurring under section 506A(3) in respect of a transaction shall be deducted from any amount which it would otherwise be treated as incurring under section 506A(4) in respect of the transaction.
- (5) A charitable company and any other charities with which it is connected are to be treated as a single charitable company for the purposes of section 506A and 506B and this section; and for this purpose “*connected*” means connected in a matter relating to the structure, administration or control of a charity.
- (6) Where remuneration is paid otherwise than in money, section 506A(5) shall apply as to a payment in money of the amount that would, under Part 3 of ITEPA 2003, be the cash equivalent of the remuneration as a benefit.
- (7) In sections 506A and 506B and this section—
- (a) a reference to a substantial donor or other person includes a reference to a person connected with him within the meaning of section 839,
- (b) “*financial assistance*” includes, in particular—
- (i) the provision of a loan, guarantee or indemnity, and
- (ii) entering into alternative finance arrangements within the meaning of section 46 of the Finance Act 2005, and
- (c) a reference to a gift of a specified amount includes a reference to a non-monetary gift of that value.
- (8) On an appeal against an assessment the Special Commissioners may review a decision of the Commissioners in connection with section 506A.
- (9) The Treasury may by regulations vary a sum, or a period of time, specified in section 506A(2).
#### Eligibility for relief.
##### 508A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 508B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 510A
- (1) In this section “*grouping*” means a European Economic Interest Grouping formed in pursuance of Council Regulation [(EEC) No. 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, in Northern Ireland, or elsewhere.
- (2) Subject to the following provisions of this section, for the purposes of charging corporation tax a grouping shall be regarded as acting as the agent of its members.
- (3) In accordance with subsection (2) above—
- (a) for the purposes mentioned in that subsection the activities of the grouping shall be regarded as those of its members acting jointly and each member shall be regarded as having a share of its property, rights and liabilities; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
but paragraph (a) above is subject to subsection (6A) below.
- (4) Subject to subsection (5) below, for the purposes of this section a member’s share of any property, rights or liabilities of a grouping shall be determined in accordance with the contract under which the grouping is established.
- (5) Where the contract does not make provision as to the shares of members in the property, rights or liabilities in question a member’s share shall be determined by reference to the share of the profits of the grouping to which he is entitled under the contract (and if the contract makes no provision as to that, the members shall be regarded as having equal shares).
- (6) . . . Where any trade or profession is carried on by a grouping it shall be regarded for the purposes of charging corporation tax as carried on in partnership by the members of the grouping.
- (6A) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) shall have effect in relation to a grouping as it has effect in relation to a partnership (see in particular section 87A of, and paragraphs 19 and 20 of Schedule 9 to, that Act).
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 519A
- (1) A health service body shall be exempt from corporation tax.
- (2) In this section “*health service body*” means—
- (a) a Strategic Health Authority established under section 13 of the National Health Service Act 2006. . . . . . ;
- (aa) a Special Health Authority established under section 28 of that Act or section 22 of the National Health Service (Wales) Act 2006;
- (ab) a Primary Care Trust;
- (aba) a Local Health Board;
- (b) a National Health Service trust established under section 25 of the National Health Service Act 2006 or section 18 of the National Health Service (Wales) Act 2006;
- (bb) an NHS foundation trust
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) a Health Board or Special Health Board, the Common Services Agency for the Scottish Health Service and a National Health Service trust respectively constituted under sections 2, 10 and 12A of the National Health Service (Scotland) Act 1978;
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (g) the Scottish Dental Practice Board; . . .
- (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (i) a Health and Social Services Board and the Northern Ireland Central Services Agency for the Health and Social Services established under Articles 16 and 26 respectively of the Health and Personal Social Services (Northern Ireland) Order 1972;
- (j) a special health and social services agency established under the Health and Personal Social Services (Special Agencies) (Northern Ireland) Order 1990; and
- (k) a Health and Social Services trust established under the Health and Personal Social Services (Northern Ireland) Order 1991.
- (3) The Treasury may by order disapply subsection (1) in relation to a specified activity, or class of activity, of an NHS foundation trust.
- (4) An order under subsection (3) shall make provision for determining the amount of the profits relating to an activity that are to be charged to corporation tax as a result of the disapplication of subsection (1).
- (5) An order under subsection (3) may, in particular—
- (a) make provision for disregarding profits of less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (b) make provision for disregarding a specified part of profits in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (c) make provision for disregarding all or part of profits relating to activity in respect of which receipts or turnover (as defined by the order) are less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period.
- (6) An order under subsection (3)—
- (a) may apply, with or without modification, a provision of the Tax Acts,
- (b) may disapply a provision of the Tax Acts,
- (c) may make provision similar to a provision of the Tax Acts, and
- (d) may make provision generally or in relation to a specified body or class of bodies.
- (7) The Treasury may make an order under subsection (3) only—
- (a) in relation to an activity or class of activity that appears to the Treasury to be of a commercial nature,
- (b) where it appears to the Treasury to be expedient for the purpose of avoiding, removing or reducing differences between—
- (i) the fiscal treatment of the body undertaking the activity, and
- (ii) the fiscal treatment of another body or class of body which is of a commercial nature and which undertakes or might undertake the same or a similar activity, and
- (c) if a draft has been laid before, and approved by resolution of, the House of Commons.
- (8) An activity authorised under section 43(1) of the National Health Service Act 2006 shall not be treated as an activity of a commercial nature for the purposes of subsection (7)(a).
#### Transfer of relief under section 257A where relief exceeds income or 257AB.
##### 468EE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Distributions of authorised unit trusts: general
##### 468H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Dividend and foreign income distributions
##### 468J
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest distributions
##### 468L
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Indexation of amounts in sections 256B, 257, 257A and 257AB.
##### 468M
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468N
- (1) Subsection (2) below applies where—
- (a) an interest distribution is made for a distribution period to a unit holder; and
- (b) the gross income entered in the distribution accounts for the purposes of computing the total amount available for distribution to unit holders does not derive from eligible income entirely.
- (2) Where this subsection applies, the obligation to deduct under section 349(2) shall not apply to the relevant amount of the interest distribution to the unit holder if the residence condition is on the distribution date fulfilled with respect to him.
- (3) Section 468O makes provision with respect to the circumstances in which the residence condition is fulfilled with respect to a unit holder.
- (4) This is how to calculate the relevant amount of the interest distribution—
$$R=AxBC$Where—R = the relevant amount;A = the amount of the interest distribution before deduction of tax to the unit holder in question;B = such amount of the gross income as derives from eligible income;C = the amount of the gross income.$
- (5) In subsection (4) above the references to the gross income are references to the gross income entered as mentioned in subsection (1)(b) above.
##### 468O
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##### 468P
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##### 468PA
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##### 468PB
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### Distributions to corporate unit holder
##### 468Q
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##### 468R
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##### 469A
- (1) The Tax Acts shall have effect in relation to any common investment fund established under section 42 of the Administration of Justice Act 1982 (common investment funds for money paid into court) as if—
- (a) the fund were an authorised unit trust;
- (b) the person who is for the time being the investment manager of the fund were the trustee of that authorised unit trust; and
- (c) the persons with qualifying interests were the unit holders in that authorised unit trust.
- (1A) For the purposes of subsection (1)(c) above, the persons with qualifying interests are—
- (a) in relation to shares in the fund held by the Accountant General, the persons whose interests entitle them, as against him, to share in the fund’s investments;
- (b) in relation to shares in the fund held by any other person authorised by the Lord Chancellor to hold such shares on behalf of others (an “authorised person”)—
- (i) if there are persons whose interests entitle them, as against the authorised person, to share in the fund’s investments, those persons;
- (ii) if not, the authorised person;
- (c) in relation to shares in the fund held by persons authorised by the Lord Chancellor to hold such shares on their own behalf, those persons.
- (2) In this section “*the Accountant General*” means . . . the Accountant General of the Supreme Court of Judicature in England and Wales or the Accountant General of the Supreme Court of Judicature of Northern Ireland.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Indexation of amounts in sections 257 , 257A and 257AB.
#### Life assurance premiums paid by employer
#### Expenditure and houses of ministers of religion.
### Designs
##### 537A
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##### 537B
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#### Aggregation of wife’s income with husband’s.
##### 539ZA
- (1) This section applies where, for the purposes of determining the application of this Chapter in relation to a policy or contract at any time, it is necessary to have regard to its application at another time.
- (2) It makes no difference to the application of this Chapter at that other time whether liability in respect of a gain arising at that time would have arisen or (as the case may be) would arise because of the application of this Chapter or Chapter 9 of Part 4 of ITTOIA 2005 (which makes provision for income tax purposes corresponding to that made by this Chapter).
- (3) References in this section to this Chapter include references to paragraph 20 of Schedule 15 to this Act and section 79 of the Finance Act 1997 (payments under certain life insurance policies).
##### 539A
- (1) The conditions mentioned in section 539(2)(f) (excepted group life policies) are those set out in the following provisions of this section.
- (2) Condition 1 is that under the terms of the policy a sum or other benefit of a capital nature is payable or arises on the death of each of the individuals insured under the policy who dies without attaining an age which is specified in the policy and is not greater than 75 years.
In determining whether this condition is satisfied, disregard any terms of the policy which exclude from benefit the death of a person in specified circumstances, if the exclusion applies in relation to death in those circumstances in the case of each of the individuals insured under the policy.
- (3) Condition 2 is that under the terms of the policy—
- (a) the same method is to be used for calculating the sums or other benefits of a capital nature payable or arising on each death, and
- (b) if there is any limitation on those sums or other benefits, the limitation is the same in the case of any death.
- (4) Condition 3 is that the policy does not have, and is not capable of having, on any day—
- (a) a surrender value that exceeds the proportion of the premiums paid which, on a time apportionment, is referable to the unexpired paid-up period beginning with that day, or
- (b) if there is no such period, any surrender value.
For the purposes of this subsection the unexpired paid-up period beginning with any day is the period (if any) which—
- (i) begins with that day, and
- (ii) ends with the earliest subsequent day on which—
- (a) a payment of premium falls due under the policy, or
- (b) the term of the policy ends.
- (5) Condition 4 is that no sums or other benefits may be paid or conferred under the policy, except as mentioned in condition 1 or condition 3.
- (6) Condition 5 is that any sums payable or other benefits arising under the policy must (whether directly or indirectly) be paid to or for, or conferred on, or applied at the direction of—
- (a) an individual or charity beneficially entitled to them, or
- (b) a trustee or other person acting in a fiduciary capacity who will secure that the sums or other benefits are paid to or for, or conferred on, or applied in favour of, an individual or charity beneficially.
In this subsection “*charity*” means any body of persons or trust established for charitable purposes only.
- (7) Condition 6 is that no person—
- (a) who is an individual whose life is insured under the policy, or
- (b) who is, within the meaning of section 839, connected with an individual whose life is so insured,
may, by virtue of a group membership right relating to that individual, receive (directly or indirectly) any death benefit in respect of another group member.
In this subsection—
- (i) “*group membership right*”, in relation to an individual, means any right (including the right of any person to be considered by trustees in their exercise of a discretion) that is referable to that individual’s being one of the individuals whose lives are insured by the policy; and
- (ii) “*death benefit in respect of another group member*” means—
- (a) any sums or other benefits payable or arising under the policy on the death of any other of those individuals, or
- (b) anything representing any such sums or benefits.
- (8) Condition 7 is that a tax avoidance purpose is not the main purpose, or one of the main purposes, for which a person is at any time—
- (a) the holder, or one of the holders, of the policy, or
- (b) the person, or one of the persons, beneficially entitled under the policy.
In this subsection—
- (i) “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the holder of the policy or any other person); and
- (ii) “*tax advantage*” has the meaning given by section 840ZA.
#### Transfers of trade to obtain balancing allowances
##### 546A
- (1) This section applies in any case where—
- (a) as a result of any transaction (the “*material transaction*”) the whole or part of or a share in the rights conferred by a policy or contract (“*the material interest*”) becomes beneficially owned by one person or by two or more persons jointly or in common (“*the new ownership*”);
- (b) immediately before the material transaction, the material interest was in the beneficial ownership of one person or of two or more persons jointly (“*the old ownership*”); and
- (c) at least one person who is a member of the old ownership is also a member of the new ownership.
- (2) In any such case, the material transaction shall, in accordance with the following provisions of this section, be taken for the purposes of this Chapter (other than this section) to be one or more assignments, of part only of the rights conferred by the policy or contract.
- (3) For the purposes of this Chapter (other than this section), the members of the old ownership shall be treated—
- (a) where the old ownership consists of two or more persons beneficially entitled jointly, as if the material interest had been in their beneficial ownership in equal shares instead of jointly;
- (b) where the new ownership consists of two or more persons beneficially entitled jointly, as if the result of the material transaction had been that the material interest was in the beneficial ownership of those persons in equal shares instead of jointly; and
- (c) as if the material transaction had been the assignment by each member of the old ownership of so much (if any) of his old share as exceeds his new share (or, if he does not have a new share, the whole of his old share).
- (4) In this section—
- “*new share*”, in relation to the material interest and a person who is a member of the new ownership, means—if there is only one member of the new ownership, the material interest;if there are two or more members of the new ownership beneficially entitled to the material interest in common, the member’s share in the material interest; orif there are two or more members of the new ownership beneficially entitled to the material interest jointly, the share attributed to the member by subsection (3)(b) above;
- “*old share*”, in relation to the material interest and a person who is a member of the old ownership, means—if there is only one member of the old ownership, the material interest; orif there are two or more members of the old ownership, the share attributed to the member by subsection (3)(a) above.
##### 546B
- (1) This section applies in relation to a policy or contract in any case where—
- (a) a section 546 excess occurs at the end of any year (including the final year, whether or not ending with a terminal chargeable event); and
- (b) the condition in subsection (2) below is satisfied in relation to that year.
This subsection is subject to subsection (1A) below.
- (1A) In the case of a policy which is a qualifying policy (whether or not the premiums under the policy are eligible for relief under section 266) this section applies only if—
- (a) the section 546 excess occurs within the time described in section 540(1)(b)(i); or
- (b) the policy has been converted into a paid-up policy within that time.
- (2) The condition is that—
- (a) during the year there has been an assignment for money or money’s worth of part of or a share in the rights conferred by the policy or contract; or
- (b) during the year there has been both—
- (i) an assignment, otherwise than for money or money’s worth, of the whole or part of or a share in the rights conferred by the policy or contract; and
- (ii) an earlier surrender of part of or a share in the rights conferred by the policy or contract.
- (3) Where this section applies—
- (a) the occurrence of the section 546 excess shall be treated for the purposes of this Chapter as not being a chargeable event; but
- (b) the amount of the section 546 excess shall be charged to tax in accordance with the provisions of section 546C.
- (4) In this section—
- “*final year*” has the meaning given by section 546(4);
- “*section 546 excess*”, in relation to any year, means an excess, occurring at the end of the year, of—the reckonable aggregate value mentioned in subsection (2) of section 546, overthe allowable aggregate amount mentoned in subsection (3) of that section;
- “*terminal chargeable event*” means any chargeable event other than—
- (a) an assignment for money or money’s worth of the whole of the rights conferred by the policy or contract;
- (b) the occurrence of a section 546 excess; or
- (c) a chargeable event by virtue of section 546C(7)(a);
##### 546C
- (1) This section applies where, in relation to any policy or contract, the amount of a section 546 excess occurring at the end of any year falls to be charged to tax in accordance with this section by virtue of section 546B(3)(b).
- (2) The following amounts shall be calculated as at the end of that year—
- (a) the aggregate of the values calculated under section 546(1)(a) in respect of any part of or share in the rights conferred by the policy or contract which has been assigned for money or money’s worth, or surrendered, during the year;
- (b) the amount by which—
- (i) the reckonable aggregate value mentioned in section 546(2), as at the end of the year, exceeds
- (ii) the aggregate calculated under paragraph (a) above;
and
- (c) the amount by which—
- (i) the allowable aggregate amount mentioned in section 546(3), as at the end of the year, exceeds
- (ii) the amount calculated under paragraph (b) above.
- (3) In this section—
- (a) “*relevant transaction*” means any assignment for money or money’s worth, or any surrender, of a part of or share in the rights conferred by the policy or contract which has happened during the year;
- (b) “*transaction value*”, in relation to any relevant transaction, means the value calculated in accordance with section 546(1)(a) in the case of that transaction;
- (c) “*the amount of available premium*” means—
- (i) in relation to the earliest relevant transaction, the amount calculated under subsection (2)(c) above (that amount being taken to be nil if there is no such excess as is there mentioned); and
- (ii) in relation to each successive relevant transaction, that amount as successively reduced under subsections (5) to (7) below.
- (4) Subsection (5) below shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened.
If the year is the final year and ends with a terminal chargeable event, this subsection is subject to section 546D.
- (5) Where this subsection applies in relation to a relevant transaction—
- (a) the transaction value shall be compared to the amount of available premium; and
- (b) if the amount of available premium exceeds or is equal to the transaction value, subsection (6) below shall apply in relation to the transaction; but
- (c) if the transaction value exceeds the amount of available premium, subsection (7) below shall apply in relation to the transaction.
- (6) Where this subsection applies in relation to a relevant transaction—
- (a) the amount of available premium shall be reduced (or further reduced) by the transaction value; and
- (b) that reduction shall have effect in relation to the next subsequent relevant transaction.
- (7) Where this subsection applies in relation to a relevant transaction—
- (a) the relevant transaction shall for the purposes of this Chapter be a chargeable event in relation to the policy or contract, except as provided by sections 540(3) and 542(3);
- (b) a gain of an amount equal to that by which the transaction value exceeds the amount of available premium shall be treated for the purposes of this Chapter as arising in connection with the policy or contract on the happening of that chargeable event; and
- (c) in relation to any subsequent relevant transaction, the amount of available premium shall be reduced to nil.
- (8) Where the whole or any part of the amount of any gain treated as arising by subsection (7)(b) above falls to be treated under section 547(1)(b) as forming part of the income of any company for—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the accounting period in which the chargeable event in question happened,
that . . . accounting period shall be taken to be the one which includes the end of the year as at which the section 546 excess in question occurs, instead of the one (if different) in which the relevant transaction happened.
- (9) Where this section applies in relation to the final year and that year ends with a terminal chargeable event—
- (a) effect shall be given to this section before applying the provisions of this Chapter in relation to the terminal chargeable event; and
- (b) in applying this Chapter in relation to the terminal chargeable event, any chargeable event by virtue of subsection (7)(a) above accordingly falls to be regarded as having occurred before the terminal chargeable event.
- (10) This section shall be construed as one with section 546B.
##### 546D
- (1) This section applies in any case where the year mentioned in section 546C(4) is the final year and that year ends with a terminal chargeable event.
- (2) In any such case there shall be calculated, as at the end of the year, the amount of the gain (“*the gains limit*”) that would have been treated as arising on the happening of the terminal chargeable event, apart from the application of sections 546B and 546C in relation to that year.
- (3) Subsection (5) of section 546C shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened, unless and until the transaction in question (the “*final transaction*”) is such that the aggregate of—
- (a) its transaction value apart from subsection (4) below, and
- (b) the sum of the transaction values of any relevant transactions to which subsection (5) of that section has previously applied,
exceeds the gains limit.
- (4) If, in the case of the final transaction,—
- (a) the aggregate mentioned in subsection (3) above exceeds the gains limit, but
- (b) the sum mentioned in paragraph (b) of that subsection is less than that limit,
subsection (5) of section 546C shall apply in relation to that transaction, but for the purposes of subsections (5) to (7) of that section its transaction value shall be reduced to an amount equal to the difference between the gains limit and the sum mentioned in paragraph (b) above.
- (5) Except as provided by subsection (4) above, subsection (5) of section 546C shall not apply in relation to the final transaction or any subsequent relevant transaction.
- (6) This section shall be construed as one with sections 546B and 546C.
##### 547A
- (1) If—
- (a) immediately before the happening of a chargeable event, two or more persons have relevant interests in the rights conferred by the policy or contract in question, and
- (b) any of those persons is a company,
section 547 shall have effect in relation to each such company as if it had been the only person with a relevant interest in those rights, but with references to the amount of the gain construed as references to the company's proportionate share of the amount of the gain.
- (2) References in this section to the rights conferred by a policy or contract are, in the case of an assignment or surrender of only a part of or share in any rights, references to that part or share.
- (3) For the purposes of this section, a person has a “relevant interest" in the rights conferred by a policy or contract—
- (a) in the case of an individual, if a share in the rights is vested in him as beneficial owner, or is held on non-charitable trusts created, or as security for a debt owed, by him;
- (b) in the case of a company, if a share in the rights is in the beneficial ownership of the company, or is held on non-charitable trusts created, or as security for a debt owed, by the company;
- (c) in the case of personal representatives, if a share in the rights is vested in them;
- (cc) in the case of trustees of a charitable trust, if a share in the rights is held by them or as security for a debt owed by them;
- (d) in the case of trustees of a non-charitable trust—
- (i) if a share in the rights is held by them, and the person who created the trusts is not resident in the United Kingdom or has died or (in the case of a company or foreign institution) has been dissolved or wound up or has otherwise come to an end;
- (ia) if a share in the rights is held by them which does not also fall within paragraph (a), (b) or (c) above or sub-paragraph (i) above; or
- (ii) if a share in the rights is held as security for a debt owed by them;
- (e) in the case of a foreign institution, if a share in the rights is in the beneficial ownership of the foreign institution, or is held as security for a debt owed by the foreign institution.
- (4) For the purposes of subsection (1) above, a person’s “proportionate share" of the amount of a gain is that share of it which is proportionate to the share of the rights by reference to which he has the relevant interest in question.
- (5) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held as security for one or more debts owed by two or more persons, this section shall effect in relation to the chargeable event as if—
- (a) each of those persons were instead the sole debtor in respect of a separate debt; and
- (b) the security for that separate debt were the appropriate share of the security for the actual debt or debts (so far as consisting of the rights, or a share in the rights, conferred by the policy or contract);
and for the purposes of paragraph (b) above the appropriate share, in the case of any person, is a share which is proportionate to that share of the actual debt or, as the case may be, the aggregate of the two or more actual debts, for which he is liable as between the debtors.
- (6) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held on non-charitable trusts created by two or more persons, this section shall have effect in relation to that chargeable event as if—
- (a) each of those persons had instead been the sole settlor in relation to a separate share of the rights or share so held; and
- (b) that separate share were proportionate to the share which originates from him of the whole of the property subject to the trusts immediately before the happening of the chargeable event.
- (7) The reference in subsection (6)(b) above to the share of the property which originates from a person is a reference to the share of the property which consists of—
- (a) property which that person has provided directly or indirectly for the purposes of the trusts;
- (b) property representing property which that person has so provided; and
- (c) so much of any property which represents both property so provided and other property as, on a just apportionment, represents the property so provided.
- (8) References in subsection (7) above to property which a person has provided directly or indirectly—
- (a) include references to property which has been provided directly or indirectly by another in pursuance of reciprocal arrangements with the person, but
- (b) do not include references to property which the person has provided directly or indirectly in pursuance of reciprocal arrangements with another.
- (9) References in subsection (7) above to property which represents other property include references to property which represents accumulated income from that other property.
- (10) Where immediately before the happening of a chargeable event—
- (a) the rights conferred by the policy or contract in question are, or a share in those rights is, held subject to any non-charitable trusts, and
- (b) different shares of the whole of the property subject to those trusts originate (within the meaning of subsection (6)(b) above) from different persons,
the rights or share shall, in relation to that chargeable event, be taken for the purposes of this section to be held on non-charitable trusts created by those persons.
- (11) Where the rights conferred by a policy or contract are, or an interest in any such rights is, in the beneficial ownership of two or more persons jointly, the rights or interest shall be treated for the purposes of this section as if they were in the beneficial ownership of those persons in equal shares.
- (12) A non-fractional interest in the rights conferred by a policy or contract shall be treated for the purposes of this section as if it were instead such a share in those rights as may justly and reasonably be regarded for those purposes as representing the non-fractional interest.
- (13) For the purposes of subsection (12) above, a “non-fractional interest" in the rights conferred by a policy or contract is an interest in some or all of those rights which is not a share in all of those rights (otherwise than by virtue only of subsection (2) above).
- (14) This section applies in a case where the same person has two or more relevant interests in the rights conferred by a policy or contract as it applies in a case where two or more persons have separate relevant interests, unless—
- (a) that person is the only person with a relevant interest in those rights, and
- (b) he has all the relevant interests in the same capacity,
in which case section 547 applies.
- (15) In this section—
- “*foreign institution*” means a person which is a company or other institution resident or domiciled outside the United Kingdom;
- “*personal representatives*” has the same meaning as in Part XVI.
- (16) For the purposes of this section, property held for the purposes of a foreign institution shall be regarded as in the beneficial ownership of the foreign institution.
- (17) Any reference in this section to trusts created by an individual includes a reference to trusts arising under—
- (a) section 11 of the Married Women's Property Act 1882;
- (b) section 2 of the Married Women's Policies of Assurance (Scotland) Act 1880; or
- (c) section 4 of the Law Reform (Husband and Wife) Act (Northern Ireland) 1964;
and references to the settlor or to the person creating the trusts shall be construed accordingly.
##### 548A
- (1) This section applies if—
- (a) a relevant chargeable event occurs in respect of a policy or contract,
- (b) commission in respect of the policy or contract has at any time been rebated or reinvested, and
- (c) condition A or B is met.
- (2) For the purposes of performing the calculation under section 541(1)(b) or (c) or 543(1)(a) or (b) for the chargeable event, the total amount paid under the policy or contract by way of premiums in any period is to be reduced by the total amount of commission attributable to those premiums that has been rebated or reinvested.
- (3) Condition A is that the total amount paid under the policy or contract by way of premiums in a relevant period exceeds £100,000.
- (4) Condition B is that—
- (a) at a time when the policy or contract was the taxable person's, the taxable person's policies and contracts exceeded the relevant threshold as respects a relevant period, and
- (b) payments under the policy or contract by way of premiums were made in that relevant period.
- (5) In subsection (4)(a) “*taxable person*” means the person whose policy or contract the policy or contract is, immediately before the chargeable event.
- (6) For the purposes of subsection (4)(a) a person's policies and contracts “exceed the relevant threshold” as respects a relevant period if the total amount of payments under them by way of premiums in that relevant period exceeds the sum specified in subsection (3).
- (7) In this section “*relevant chargeable event*” means a chargeable event within—
- (a) any of sub-paragraphs (ii) to (iv) of section 540(1)(a) (including those sub-paragraphs as they apply in relation to a qualifying policy),
- (b) section 542(1)(a) or (b), or
- (c) section 545(1)(a) to (c).
- (8) In this section “*relevant period*” means—
- (a) the period beginning with the beginning of the year of assessment in which the chargeable event occurs and ending with the chargeable event, or
- (b) any of the 3 preceding years of assessment.
- (9) References in this section to a premium include, in relation to a contract for a life annuity, lump sum consideration.
- (10) The Treasury may by order—
- (a) substitute another sum for the sum for the time being specified in subsection (3);
- (b) amend the definition of “relevant period”.
#### Transfers of trade to obtain balancing allowances
##### 548B
- (1) This section supplements section 548A.
- (2) “*Commission*”, in relation to a policy or contract, includes any passing of value to or for the benefit of an intermediary, or a person connected with an intermediary, that can reasonably be taken to represent a reward in respect of the policy or contract.
- (3) Commission in respect of a policy or contract is “reinvested” if, as a result of a waiver of an entitlement to it, there is an increase in the total value of a relevant person's policies and contracts.
- (4) The amount of commission reinvested is the amount of the increase.
- (5) Commission in respect of a policy or contract is “rebated” if—
- (a) value passes (directly or indirectly) from an intermediary, or a person connected with an intermediary, to or for the benefit of a relevant person (and the passing of value does not amount to the reinvestment of the commission), and
- (b) the passing of value can reasonably be taken to be in respect of the commission.
- (6) The amount of commission rebated is the amount of value passed.
- (7) A policy or contract is a person's policy or contract if a gain arising in connection with it would be—
- (a) a gain for which the person, or (if the person is an individual) the person's spouse or civil partner, would be liable to tax under Chapter 9 of Part 4 of ITTOIA 2005, or
- (b) treated by virtue of section 547(1) above as forming part of the person's income.
- (8) Any necessary apportionment is to be made (on a just and reasonable basis) as regards—
- (a) commission which is attributable to two or more premiums, and
- (b) any part of such commission that has been rebated or reinvested.
- (9) Commission which is in respect of one or more policies or contracts (but is not attributable to particular premiums) is to be attributed to such premiums as is just and reasonable.
- (10) In subsections (3) and (5), “*relevant person*” means—
- (a) any of the policyholders (including any of the persons who hold the contract),
- (b) a person who beneficially owns the rights under the policy or contract,
- (c) if those rights are held on trust, any of the trustees, or
- (d) a person connected (within the meaning of section 839) with a person within any of paragraphs (a) to (c).
- (11) In subsections (8) and (9), references to a premium include, in relation to a contract for a life annuity, lump sum consideration.
##### 551A
- (1) Where—
- (a) an amount is included in a company’s income by virtue of section 547(1)(b), and
- (b) the rights, or the part or share, in question were held immediately before the happening of the chargeable event on non-charitable trusts,
the company shall be entitled to recover from the trustees, to the extent of any sums, or to the value of any benefits, received by them by reason of the event, the amount (if any) by which T1 exceeds T2.
- (2) For the purposes of subsection (1) above—
- T1 is the tax with which the company is chargeable for the accounting period in question; and
- T2 is the tax with which the company would have been chargeable for the accounting period if the amount mentioned in subsection (1)(a) above had not been included as there mentioned.
- (3) A company may require the Board to certify any amount recoverable by the company by virtue of this section, and the certificate shall be conclusive evidence of the amount.
##### 552ZA
- (1) This section supplements section 552 and shall be construed as one with it.
- (2) Where the obligations under any policy or contract of the body that issued, entered into or effected it (“*the original insurer*”) are at any time the obligations of another body (“*the transferee*”) to whom there has been a transfer of the whole or any part of a business previously carried on by the original insurer, section 552 shall have effect in relation to that time, except where the chargeable event—
- (a) happened before the transfer, and
- (b) in the case of a death or an assignment, is an event of which the notification mentioned in subsection (6) or (7) of that section was given before the transfer,
as if the policy or contract had been issued, entered into or effected by the transferee.
- (3) Where, in consequence of section 546C(7)(a) of this Act and section 514(1) of ITTOIA 2005, paragraph (a) or (b) of section 552(1) requires certificates to be delivered in respect of two or more surrenders, happening in the same year, of part of or a share in the rights conferred by the policy or contract, a single certificate may be delivered under the paragraph in question in respect of all those surrenders (and may treat them as if they together constituted a single surrender) unless between the happening of the first and the happening of the last of them there has been—
- (a) an assignment of part of or a share in the rights conferred by the policy or contract; or
- (b) an assignment, otherwise than for money or money’s worth, of the whole of the rights conferred by the policy or contract.
- (4) Where the appropriate policy holder is two or more persons—
- (a) section 552(1)(a) requires a certificate to be delivered to each of them; but
- (b) nothing in section 552 or this section requires a body to deliver a certificate under subsection (1)(a) of that section to any person whose address has not been provided to the body (or to another body, at a time when the obligations under the policy or contract were obligations of that other body).
- (5) A certificate under section 552(1)(b) or (3)—
- (a) shall be in a form prescribed for the purpose by the Board; and
- (b) shall be delivered by any means prescribed for the purpose by the Board;
and different forms, or different means of delivery, may be prescribed for different cases or different purposes.
- (6) The Board may by regulations make such provision as they think fit for securing that they are able—
- (a) to ascertain whether there has been or is likely to be any contravention of the requirements of section 552 or this section; and
- (b) to verify any certificate under that section.
- (7) Regulations under subsection (6) above may include, in particular, provisions requiring persons to whom premiums under any policy are or have at any time been payable—
- (a) to supply information to the Board; and
- (b) to make available books, documents and other records for inspection on behalf of the Board.
- (8) Regulations under subsection (6) above may—
- (a) make different provision for different cases; and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 552ZB
- (1) The Commissioners for Her Majesty's Revenue and Customs may make regulations—
- (a) requiring relevant persons—
- (i) to provide prescribed information to persons who apply for the issue of qualifying policies or who are, or may be, required to make statements under paragraph B3(2) of Schedule 15;
- (ii) to provide to an officer of Revenue and Customs prescribed information about qualifying policies which have been issued by them or in relation to which they are or have been a relevant transferee;
- (b) making such provision (not falling within paragraph (a)) as the Commissioners think fit for securing that an officer of Revenue and Customs is able—
- (i) to ascertain whether there has been or is likely to be any contravention of the requirements of the regulations or of paragraph B3(2) of Schedule 15;
- (ii) to verify any information provided to an officer of Revenue and Customs as required by the regulations.
- (2) The provision that may be made by virtue of subsection (1)(b) includes, in particular, provision requiring relevant persons to make available books, documents and other records for inspection by or on behalf of an officer of Revenue and Customs.
- (3) The regulations may—
- (a) make different provision for different cases or circumstances, and
- (b) contain incidental, supplementary, consequential, transitional, transitory or saving provision.
- (4) In this section—
- “*prescribed*” means prescribed by the regulations,
- “*qualifying policy*” includes a policy which would be a qualifying policy apart from—paragraph A1(2), B1(2), B2(2) or B3(3) of Schedule 15, orparagraph 17(2)(za) of that Schedule (including as applied by paragraph 18), and
- “*relevant person*” means a person—who issues, or has issued, qualifying policies, orwho is, or has been, a relevant transferee in relation to qualifying policies.
- (5) For the purposes of this section a person (“X”) is at any time a “*relevant transferee*” in relation to a qualifying policy if the obligations under the policy of its issuer are at that time the obligations of X as a result of there having been a transfer to X of the whole or any part of a business previously carried on by the issuer.
##### 552A
- (1) This section has effect for the purpose of securing that, where it applies to an overseas insurer, another person is the overseas insurer’s tax representative.
- (2) In this section “*overseas insurer*” means a person who is not resident in the United Kingdom who carries on a business which consists of or includes the effecting and carrying out of—
- (a) policies of life insurance;
- (b) contracts for life annuities; or
- (c) capital redemption policies.
- (3) This section applies to an overseas insurer—
- (a) if the condition in subsection (4) below is satisfied on the designated day; or
- (b) where that condition is not satisfied on that day, if it has subsequently become satisfied.
- (4) The condition mentioned in subsection (3) above is that—
- (a) there are in force relevant insurances the obligations under which are obligations of the overseas insurer in question or of an overseas insurer connected with him; and
- (b) the total amount or value of the gross premiums paid under those relevant insurances is £1 million or more.
- (5) In this section “*relevant insurance*” means any policy of life insurance, contract for a life annuity or capital redemption policy . . . in the case of which—
- (a) the holder is resident in the United Kingdom;
- (b) the obligations of the insurer are obligations of a person not resident in the United Kingdom; and
- (c) those obligations are not attributable to a branch or agency of that person’s in the United Kingdom.
- (6) Before the expiration of the period of three months following the day on which this section first applies to an overseas insurer, the overseas insurer must nominate to the Board a person to be his tax representative.
- (7) A person shall not be a tax representative unless—
- (a) if he is an individual, he is resident in the United Kingdom and has a fixed place of residence there, or
- (b) if he is not an individual, he has a business establishment in the United Kingdom,
and, in either case, he satisfies such other requirements (if any) as are prescribed in regulations made for the purpose by the Board.
- (8) A person shall not be an overseas insurer’s tax representative unless—
- (a) his nomination by the overseas insurer has been approved by the Board; or
- (b) he has been appointed by the Board.
- (9) The Board may by regulations make provision supplementing this section; and the provision that may be made by any such regulations includes provision with respect to—
- (a) the making of a nomination by an overseas insurer of a person to be his tax representative;
- (b) the information which is to be provided in connection with such a nomination;
- (c) the form in which such a nomination is to be made;
- (d) the powers and duties of the Board in relation to such a nomination;
- (e) the procedure for approving, or refusing to approve, such a nomination, and any time limits applicable to doing so;
- (f) the termination, by the overseas insurer or the Board, of a person’s appointment as a tax representative;
- (g) the appointment by the Board of a person as the tax representative of an overseas insurer (including the circumstances in which such an appointment may be made);
- (h) the nomination by the overseas insurer, or the appointment by the Board, of a person to be the tax representative of an overseas insurer in place of a person ceasing to be his tax representative;
- (j) circumstances in which an overseas insurer to whom this section applies may, with the Board’s agreement, be released (subject to any conditions imposed by the Board) from the requirement that there must be a tax representative;
- (k) appeals to the Special Commissioners against decisions of the Board under this section or regulations under it.
- (10) The provision that may be made by regulations under subsection (9) above also includes provision for or in connection with the making of other arrangements between the Board and an overseas insurer for the purpose of securing the discharge by or on behalf of the overseas insurer of the relevant duties, within the meaning of section 552B.
- (11) Section 839 (connected persons) applies for the purposes of this section.
- (12) In this section—
- “*capital redemption policy*” means a capital redemption policy in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*contract for a life annuity*” means a contract for a life annuity in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*the designated day*” means such day as the Board may specify for the purpose in regulations;
- “*policy of life insurance*” means a policy of life insurance in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*tax representative*” means a tax representative under this section.
##### 552B
- (1) It shall be the duty of an overseas insurer’s tax representative to secure (where appropriate by acting on the overseas insurer’s behalf) that the relevant duties are discharged by or on behalf of the overseas insurer.
- (2) For the purposes of this section “*the relevant duties*” are—
- (a) the duties imposed by section 552,
- (b) the duties imposed by section 552ZA(2), (4) or (5), and
- (c) any duties imposed by regulations made under subsection (6) of section 552ZA by virtue of subsection (7) of that section,
so far as relating to relevant insurances under which the overseas insurer in question has any obligations.
- (3) An overseas insurer’s tax representative shall be personally liable—
- (a) in respect of any failure to secure the discharge of the relevant duties, and
- (b) in respect of anything done for purposes connected with acting on the overseas insurer’s behalf,
as if the relevant duties were imposed jointly and severally on the tax representative and the overseas insurer.
- (4) In the application of this section in relation to any particular tax representative, it is immaterial whether any particular relevant duty arose before or after his appointment.
- (5) This section has effect in relation to relevant duties relating to chargeable events happening on or after the day by which section 552A(6) requires the nomination of the overseas insurer’s first tax representative to be made.
- (5A) In subsection (5) “*chargeable event*” has the same meaning as in section 552 (see subsection (10) of that section).
- (6) Expressions used in this section and in section 552A have the same meaning in this section as they have in that section.
##### 553A
- (1) A policy of life insurance which, immediately before the happening of a chargeable event or a relevant event—
- (a) is an overseas policy, but
- (b) is not a new non-resident policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new non-resident policy.
- (2) A policy of life insurance which, immediately before the happening of a relevant event—
- (a) is an overseas policy, and
- (b) is a new non-resident policy,
shall, in relation to that event, be taken for the purposes of this Chapter not to be a qualifying policy.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 472A
- (1) This section applies in relation to securities—
- (a) which are held by a company carrying on a banking business, an insurance business or a business consisting wholly or partly in dealing in securities; and
- (b) which are such that a profit on their sale would form part of the trading profits of that business.
- (2) Profits and losses arising from such securities that in accordance with generally accepted accounting practice are—
- (a) calculated by reference to the fair value of the securities, and
- (b) recognised in that company's statement of recognised gains and losses or statement of changes in equity,
shall be brought into account in computing the profits or losses of a business in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) Subsection (2) does not apply—
- (a) to an amount to the extent that it derives from or otherwise relates to an amount brought into account under that subsection in an earlier period of account, or
- (b) to an amount recognised for accounting purposes by way of correction of a fundamental error.
- (4) In this section, “securities”—
- (a) includes shares and any rights, interests or options that by virtue of section 99, 135(5) or 136(5) of the Taxation of Chargeable Gains Act 1992 are treated as shares for the purposes of sections 126 to 136 of that Act; but
- (b) does not include a loan relationship (within the meaning of Chapter 2 of Part 4 of the Finance Act 1996).
##### 477A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . Dividends or interest payable in respect of shares in, or deposits with or loans to, a building society shall be dealt with for the purposes of corporation tax as follows—
- (a) to the extent that it would not otherwise fall to be so regarded, liability to pay the dividends or interest shall be treated for the purposes of Chapter II of Part IV of the Finance Act 1996 as a liability arising under a loan relationship of the building society;
- (aa) if the dividends or interest are payable to a company, then, to the extent that they would not otherwise fall to be so regarded, they shall be treated for those purposes as payable to that company in pursuance of a right arising under a loan relationship of that company;
- (b) no part of any such dividends or interest . . . shall be treated as a distribution of the society or as franked investment income of any company resident in the United Kingdom.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Subsection (3)(a) above shall apply to any interest paid by the society under a certified SAYE savings arrangement as if it were a dividend on a share in the society.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In this section “*dividend*” includes any distribution (whether or not described as a dividend).
- (10) In this section—
- “*certified SAYE savings arrangement*” has the meaning given by section 703 of ITTOIA 2005
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 477B
- (1) In computing for the purposes of corporation tax the income of a building society from the trade carried on by it, there shall be allowed as a deduction, if subsection (2) below applies, the incidental costs of obtaining finance by means of issuing shares in the society which are qualifying shares.
- (1A) A deduction shall not be allowed by virtue of subsection (1) above to the extent that the costs in question fall to be brought into account as debits for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships).
- (2) This subsection applies if any amount payable in respect of the shares by way of dividend or interest is deductible in computing for the purposes of corporation tax the income of the society from the trade carried on by it.
- (3) In subsection (1) above, “*the incidental costs of obtaining finance*” means expenditure on fees, commissions, advertising, printing and other incidental matters (but not including stamp duty), being expenditure wholly and exclusively incurred for the purpose of obtaining the finance (whether or not it is in fact obtained), or of providing security for it or of repaying it.
- (4) This section shall not be construed as affording relief—
- (a) for any sums paid in consequence of, or for obtaining protection against, losses resulting from changes in the rate of exchange between different currencies, or
- (b) for the cost of repaying qualifying shares so far as attributable to their being repayable at a premium or to their having been issued at a discount.
- (5) In this section—
- “*dividend*” has the same meaning as in section 477A, and
- “*qualifying share*” has the same meaning as in section 117(4) of the 1992 Act.
##### 480A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 480B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transitional relief: the elderly.
##### 480C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Early conversion or surrender of life policies.
##### 482A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### PETROLEUM EXTRACTION ACTIVITIES
##### 494AA
- (1) This section applies where—
- (a) a company (“*the seller*”) carrying on a trade has disposed of an asset which was used for the purposes of that trade, or an interest in such an asset;
- (b) the asset is used, under a lease, by the seller or a company associated with the seller (“*the lessee*”) for the purposes of a ring fence trade carried on by the lessee; and
- (c) the lessee uses the asset before the end of the period of two years beginning with the disposal.
- (2) Subject to subsection (4) below, subsection (3) below applies to so much (if any) of the expenditure incurred by the lessee under the lease as—
- (a) falls, in accordance with generally accepted accounting practice, to be treated in the accounts of the lessee as a finance charge;. . . or
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) falls, if the case is one where the lease is a long funding operating lease, to be deductible in computing the profits of the lessee for the purposes of corporation tax (after first making against any such expenditure any reductions falling to be made by virtue of section 502K).
- (3) The expenditure shall not be allowable in computing for the purposes of Schedule D the profits of the ring fence trade.
- (4) Expenditure shall not be disallowed by virtue of subsection (3) above to the extent that the disposal referred to in subsection (1) above is made for a consideration which—
- (a) is used to meet expenditure incurred by the seller in carrying on oil extraction activities or in acquiring oil rights otherwise than from a company associated with the seller; or
- (b) is appropriated to meeting expenditure to be so incurred by the seller.
- (5) Where any expenditure—
- (a) would apart from subsection (3) above be allowable in computing for the purposes of Schedule D the profits of the ring fence trade for an accounting period, but
- (b) by virtue of that subsection is not so allowable,
that expenditure shall be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 as if it were a non-trading debit in respect of a loan relationship of the lessee for that accounting period.
- (6) In this section —
- “*long funding operating lease*” means a long funding operating lease for the purposes of Part 2 of the Capital Allowances Act (see section 70YI(1) of that Act);
- “*lease*”, in relation to an asset, has the same meaning as in sections 781 to 784.
##### 494A
- (1) In section 403(3) (availability of charges, Schedule A losses and management expenses for surrender as group relief) the reference to the gross profits of the surrendering company for an accounting period does not include the company’s relevant ring fence profits for that period.
- (2) If for that period—
- (a) there are no charges on income paid by the company that are allowable under section 338, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
all the company’s ring fence profits are relevant ring fence profits.
- (3) In any other case the company’s relevant ring fence profits are so much of its ring fence profits as exceeds the amount of the charges on income paid by the company as—
- (a) are allowable under section 338 for that period, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 496A
Schedule 19B to this Act (exploration expenditure supplement) shall have effect.
##### 496B
Schedule 19C to this Act (ring fence expenditure supplement) shall have effect.
#### “Gross rate” and “gross amount” of distributions to include ACT.
##### 501A
- (1) Where in any accounting period beginning on or after 17th April 2002 a company carries on a ring fence trade, a sum equal to 20 per cent of its adjusted ring fence profits for that period shall be charged on the company as if it were an amount of corporation tax chargeable on the company.
- (2) A company’s adjusted ring fence profits for an accounting period are the amount which, on the assumption mentioned in subsection (3) below, would be determined for that period (in accordance with this Chapter) as the profits of the company’s ring fence trade chargeable to corporation tax.
- (3) The assumption is that financing costs are left out of account in computing—
- (a) the amount of the profits or loss of any ring fence trade of the company’s for each accounting period beginning on or after 17th April 2002; and
- (b) where for any such period the whole or part of any loss relief is surrendered to the company in accordance with section 492(8), the amount of that relief or, as the case may be, that part.
- (4) For the purposes of this section, “*financing costs*” means the costs of debt finance.
- (5) In calculating the costs of debt finance for an accounting period the matters to be taken into account include—
- (a) any costs giving rise to debits in respect of debtor relationships of the company under Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) , other than debits in respect of exchange losses from such relationships (see section 103(1A) and (1B) of that Act);
- (b) any exchange gain or loss from a debtor relationship, within the meaning of that Chapter (see section 103(1A) and (1B) of that Act), in relation to debt finance;
- (c) any credit or debit falling to be brought into account under Schedule 26 to the Finance Act 2002 (derivative contracts) in relation to debt finance;
- (d) the financing cost implicit in a payment under a finance lease;
- (dd) where the company is the lessee under a long funding operating lease, the amount deductible in respect of payments under the lease in computing the profits of the lessee for the purposes of corporation tax (after first making against any such amount any reductions falling to be made by virtue of section 502K); and
- (e) any other costs arising from what would be considered in accordance with generally accepted accounting practice to be a financing transaction.
- (6) Where an amount representing the whole or part of a payment falling to be made by a company—
- (a) falls (or would fall) to be treated as a finance charge under a finance lease for the purposes of accounts relating to that company and one or more other companies and prepared in accordance with generally accepted accounting practice, but
- (b) is not so treated in the accounts of the company,
the amount shall be treated for the purposes of this section as financing costs falling within subsection (5)(d) above.
- (7) If—
- (a) in computing the adjusted ring fence profits of a company for an accounting period, an amount falls to be left out of account by virtue of subsection (5)(d) above, but
- (b) the whole or any part of that amount is repaid,
the repayment shall also be left out of account in computing the adjusted ring fence profits of the company for any accounting period.
- (8) In this section “*finance lease*” means any arrangements—
- (a) which provide for an asset to be leased or otherwise made available by a person to another person (“*the lessee*”), and
- (b) which, under generally accepted accounting practice,—
- (i) fall (or would fall) to be treated, in the accounts of the lessee or a person connected with the lessee, as a finance lease or a loan, or
- (ii) are comprised in arrangements which fall (or would fall) to be so treated.
- (9) For the purposes of applying subsection (8)(b) above, the lessee and any person connected with the lessee are to be treated as being companies which are incorporated in a part of the United Kingdom.
- (10) In this section “*accounts*”, in relation to a company, includes any accounts which—
- (a) relate to two or more companies of which that company is one, and
- (b) are drawn up in accordance with generally accepted accounting practice.
- (11) In this section “*long funding operating lease*” means a long funding operating lease for the purposes of Part 2 of the Capital Allowances Act (see section 70YI(1) of that Act).
##### 501B
- (1) Subject to subsection (3) below, the provisions of section 501A(1) relating to the charging of a sum as if it were an amount of corporation tax shall be taken as applying, subject to the provisions of the Taxes Acts, and to any necessary modifications, all enactments applying generally to corporation tax, including—
- (a) those relating to returns of information and the supply of accounts, statements and reports;
- (b) those relating to the assessing, collecting and receiving of corporation tax;
- (c) those conferring or regulating a right of appeal; and
- (d) those concerning administration, penalties, interest on unpaid tax and priority of tax in cases of insolvency under the law of any part of the United Kingdom.
- (2) Accordingly (but without prejudice to subsection (1) above) the Management Act shall have effect as if any reference to corporation tax included a reference to a sum chargeable under section 501A(1) as if it were an amount of corporation tax.
- (3) In any regulations made under section 32 of the Finance Act 1998 (as at 17th April 2002, the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999)—
- (a) references to corporation tax do not include a reference to a sum chargeable on a company under section 501A(1) as if it were corporation tax; and
- (b) references to profits charged to corporation tax do not include a reference to adjusted ring fence profits, within the meaning of section 501A(1).
- (4) In this section “*the Taxes Acts*” has the same meaning as in the Management Act.
### Chapter 5A — Special rules for long funding leases of plant or machinery: corporation tax
### Introductory
##### 502A
This Chapter has effect for the purposes of corporation tax only.
### Lessors under long funding finance leases
##### 502B
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessor of any plant or machinery under a long funding finance lease.
- (2) The amount to be brought into account as the lessor's taxable income from the lease for the period of account is the amount of the rental earnings in respect of the lease for the period of account.
- (3) The “rental earnings” for any period is the amount which, in accordance with generally accepted accounting practice, falls (or would fall) to be treated as the gross return on investment for that period in respect of the lease where it meets the finance lease test.
- (4) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan in the accounts in question, so much of the rentals under the lease as fall (or would fall) to be treated as interest are to be treated for the purposes of this section as rental earnings.
##### 502C
- (1) This section applies for determining for the purposes of corporation tax the profits of a company which is or has been the lessor under a long funding finance lease.
- (2) This section has effect where a profit or loss (whether of an income or capital nature)—
- (a) arises to the company in connection with the lease, and
- (b) in accordance with generally accepted accounting practice falls to be recognised for accounting purposes in a period of account, but
- (c) would not, apart from this section, be brought into account in computing the profits of the company for the purposes of corporation tax.
- (3) The profit or loss is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (4) Any reference in this section to an amount falling to be recognised for accounting purposes in a period of account is a reference to an amount falling to be recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in computing the company's profits or losses for that period.
##### 502D
- (1) This section applies for determining the liability to corporation tax of a company which is or has been the lessor under a long funding finance lease.
- (2) Where—
- (a) the lease terminates, and
- (b) a sum calculated by reference to the termination value is paid to the lessee,
no deduction in respect of the sum paid to the lessee is allowed in computing the profits of the company.
- (3) This section does not prevent a deduction in respect of a sum to the extent that the sum is brought into account in determining the company's rental earnings.
### Lessors under long funding operating leases
##### 502E
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account—
- (a) for the whole of which, or
- (b) for any part of which,
the company is the lessor of any plant or machinery under a long funding operating lease.
- (2) A deduction is allowed in computing the profits of the company for the period of account.
- (3) The amount of the deduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) if the only use of the plant or machinery by the lessor has been the leasing of it under the long funding operating lease as a qualifying activity, cost;
- (b) if the last previous use of the plant or machinery by the lessor was the leasing of it under another long funding operating lease as a qualifying activity, market value;
- (c) if the last previous use of the plant or machinery by the lessor was the leasing of it under a long funding finance lease as a qualifying activity, the recognised value;
- (d) if the last previous use of the plant or machinery by the lessor was for the purposes of a qualifying activity other than leasing under a long funding lease, the lower of cost and market value;
- (e) if the lessor owns the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but—
- (i) the plant or machinery is brought into use by the lessor for the purposes of a qualifying activity on or after 1st April 2006, and
- (ii) that qualifying activity is the leasing of the plant or machinery under the long funding operating lease,
the relevant value is the lower of first use market value and first use amortised value.
- (5) In subsection (4) above—
- “*cost*” means the amount of the expenditure incurred by the lessor on the provision of the plant or machinery;
- “*first use amortised value*” means the value that the plant or machinery would have at the time when it is first brought into use for the purposes of the qualifying activity, on the assumption that—the cost of acquiring the plant or machinery had been written off on a straight line basis over the remaining useful economic life of the plant or machinery, andany further capital expenditure incurred had been written off on a straight line basis over so much of the remaining economic life of the plant or machinery as remains at the time when the expenditure is incurred;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity;
- “*market value*” means the market value of the plant or machinery at the commencement of the term of the long funding operating lease;
- “*recognised value*” means the value at which the plant or machinery is recognised in the books or other financial records of the lessor at the commencement of the long funding operating lease.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(e) above, would have been) expected to be the residual value of the plant or machinery,
to find the expected gross reduction in value over the term of the lease.
- (7) Apportion the amount of that expected gross reduction in value to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the deduction for any period of account is the amount so apportioned to that period.
##### 502F
- (1) This section applies if in any period of account—
- (a) a company is the lessor of any plant or machinery under a long funding operating lease,
- (b) the company incurs capital expenditure in relation to the plant or machinery, and
- (c) that capital expenditure (the “additional expenditure”) is not reflected in the market value of the plant or machinery at the commencement of the term of the lease.
- (2) In a case falling within section 502E(4)(e) above, subsection (1)(c) above has effect as if the reference to the commencement of the term of the lease were a reference to the time when the plant or machinery is first brought into use by the lessor for the purposes of the qualifying activity.
- (3) Where this section applies, an additional deduction is allowed in computing the profits of the company for each post-expenditure period of account in which the company is the lessor of the plant or machinery under the lease.
- (4) The amount of the deduction for any such period of account is to be determined as follows.
- (5) Find ARV, CRV, PRV, and TRV where—
- “ARV” is the amount which, at the time when the additional expenditure is incurred, is expected to be the residual value of the plant or machinery;
- “CRV” is the amount which, at the commencement of the term of the lease, is expected to be the residual value of the plant or machinery;
- “PRV” is the sum of any amounts that fell to be taken into account as RRV (see subsection (6)) in the application of this section in relation to any previous additional expenditure incurred by the company in relation to the leased plant or machinery;
- “TRV” is the total of CRV and PRV.
- (6) Find RRV, where—
- (a) if ARV exceeds TRV, RRV is the portion of the excess that is a result of the additional expenditure, but
- (b) if ARV does not exceed TRV, RRV is nil.
- (7) From—
- (a) the amount of the additional expenditure,
subtract
- (b) RRV,
to find the expected partial reduction in value over the remainder of the term of the lease.
- (8) Apportion the amount of that expected partial reduction in value to each post-expenditure period of account in which any part of the term of the lease falls.
- (9) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each post-expenditure period of account.
- (10) The amount of the additional deduction for any period of account is the amount so apportioned to that period.
- (11) In this section “*post-expenditure period of account*” means any period of account ending after the incurring of the additional expenditure.
##### 502G
- (1) This section applies for determining the liability to corporation tax of a company which is the lessor immediately before the termination of a long funding operating lease.
- (2) Step 1 is to find—
- (a) the termination amount (TA);
- (b) the total of any sums paid to the lessee that are calculated by reference to the termination value (LP).
- (3) Step 2 is to find—
- (a) the relevant value for the purposes of section 502E(6)(a) (RV);
- (b) the total of the deductions allowable under section 502E for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD1);
- (c) the amount, if any, (ERV) by which RV exceeds TD1.
- (4) Step 3 is to find—
- (a) the total of any amounts of capital expenditure incurred by the company which constitute additional expenditure for the purposes of section 502F in the case of the lease (TAE);
- (b) the total of any deductions allowable under section 502F for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD2);
- (c) the amount, if any, (EAE) by which TAE exceeds TD2.
- (5) Step 4 is to find the total of ERV and EAE (T).
- (6) If (TA – LP) exceeds T, treat a profit of an amount equal to the excess as arising to the company in the period of account in which the lease terminates.
- (7) If T exceeds (TA – LP), treat a loss of an amount equal to the excess as arising to the company in that period of account.
- (8) A profit or loss treated as arising to the company under subsection (6) or (7) above is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (9) In computing the profits of the company, no deduction is allowed in respect of any sums paid to the lessee that are calculated by reference to the termination value.
### Lessors under long funding finance or operating leases: avoidance etc
#### Meaning of “the minimum amount”
##### 502GA
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if the following condition is met.
- (2) The condition is that any part of the expenditure incurred by the company on the acquisition of the plant or machinery for leasing under the lease—
- (a) is (apart from those sections) allowable as a deduction in calculating its profits or losses for the purposes of corporation tax, and
- (b) is so allowable as a result of the plant or machinery forming part of its trading stock.
- (3) For the purposes of this section the cases in which expenditure incurred by a company on the acquisition of any plant or machinery for leasing under a lease is allowable as such a deduction include any case where—
- (a) the company becomes entitled to the deduction at any time after the expenditure is incurred, and
- (b) the deduction arises as a result of the plant or machinery forming part of its trading stock at that time.
- (4) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) the condition in subsection (2) is met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (5) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (4).
##### 502GB
- (1) This section applies if—
- (a) a company is the lessee of any plant or machinery under a lease (“lease A”) that is not a long funding lease,
- (b) it enters into a lease (“lease B”) of any of that plant or machinery (as lessor), and
- (c) lease B is a long funding lease.
- (2) Sections 502B to 502G do not apply in relation to lease B.
- (3) If by virtue of section 70H of the Capital Allowances Act (tax return by lessee treating lease as long funding lease) lease A becomes a long funding lease (and does not cease to be such a lease), treat this section as never having applied in relation to lease B.
##### 502GC
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if conditions A to C are met.
- (2) Condition A is that the long funding lease forms part of any arrangement entered into by the company which includes one or more other transactions (whether the arrangement is entered into before or after or at the inception of the lease).
- (3) Condition B is that the main purpose, or one of the main purposes, of the arrangement is to secure that, over the relevant period, there would be a substantial difference between—
- (a) the total amount of the amounts under the arrangement which are, in accordance with generally accepted accounting practice, recognised in determining the company's profit or loss for any period or taken into account in calculating the amounts which are so recognised, and
- (b) the total amount of the amounts under the arrangement which are taken into account in calculating the profits or losses of the company for the purposes of corporation tax.
- (4) For the purposes of condition B “*the relevant period*” means the period which begins with the inception of the lease and ends with the end of the term of the lease.
- (5) Condition C is that the difference would be attributable (wholly or partly) to the application of any of sections 502B to 502G in relation to the company by reference to the plant or machinery under the lease.
- (6) The reference in this section to an amount being recognised in determining a company's profit or loss for a period is to an amount being recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in calculating the company's profits and losses for that period.
- (7) For the purposes of this section it does not matter whether the parties to any transaction which forms part of the arrangement differ from the parties to any of the other transactions.
- (8) For the purposes of this section the cases in which two or more transactions are to be taken as forming part of an arrangement include any case in which it would be reasonable to assume that one or more of them—
- (a) would not have been entered into independently of the other or others, or
- (b) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (9) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) conditions A to C are met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (10) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (9).
##### 502GD
- (1) If a company is or has been a lessor under a long funding lease of a film, sections 502B to 502G do not apply in respect of the lease.
- (2) “*Film*” has the same meaning as in Part 15 of CTA 2009 (see section 1181 of that Act).
### Insurance company as lessor
##### 502H
- (1) This section applies to a company carrying on life assurance business if it is the lessor under a long funding lease in a period of account.
- (4) In this section—
- “*new non-resident policy*” means a new non-resident policy as defined in paragraph 24 of Schedule 15 (and in subsection (2) above includes a policy treated as such by virtue of subsection (1) above);
- “*overseas policy*” means a policy of life insurance which, by virtue of section 431D(1)(a), forms part of the overseas life assurance business of an insurance company or friendly society;
- “*relevant event*”, in relation to a policy of life insurance, means an event which would be a chargeable event in relation to that policy if the policy were assumed not to be a qualifying policy.
- (5) This section applies in relation to chargeable events and relevant events happening on or after 17th March 1998 in relation to policies of life insurance issued in respect of insurances made on or after that date.
- (6) A policy of life insurance issued in respect of an insurance made before 17th March 1998 shall be treated for the purposes of this section as issued in respect of one made on or after that date if it is varied on or after that date so as to increase the benefits secured or to extend the term of the insurance; and any exercise of rights conferred by the policy shall be regarded for this purpose as a variation.
##### 553B
- (1) A capital redemption policy which immediately before the happening of a chargeable event—
- (a) is an overseas policy, but
- (b) is not a new offshore capital redemption policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new offshore capital redemption policy.
- (2) In this section—
- (a) subsections (3) to (7) have effect in relation to—
- (i) basic life assurance and general annuity business, and
- (ii) PHI business, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subsection (4) below applies in the case of each of the following amounts—
- (a) an amount of rental earnings which the company is required by section 502B (long funding finance lease) to bring into account as taxable income,
- (b) an amount treated under section 502C(3)(a) (long funding finance lease: lessor's exceptional items) as a profit arising to the company,
- (c) an amount of rental income arising to the company from a long funding operating lease,
- (d) an amount treated under section 502G(8)(a) (long funding operating lease: lessor's excess termination amount) as a profit arising to the company,
but only if the leased asset is an asset of the company's long-term insurance fund.
- (4) In determining for the purposes of the Corporation Tax Acts in any such case the extent to which any such amount is referable to—
- (a) basic life assurance and general annuity business, or
- (b) PHI business,
section 432A (apportionment of insurance companies' income) is to have effect in relation to the amount as it has effect in relation to the income arising from an asset.
This subsection is subject to subsections (5) and (6) below.
- (5) Before applying subsection (4) above in a case where—
- (a) that subsection applies by virtue of subsection (3)(a) above in relation to an amount of rental earnings, and
- (b) there is an amount which is deductible as a revenue expense by virtue of section 502C(3)(b) (long funding finance lease: lessor's exceptional items),
the amount so deductible is to be given effect by applying it, so far as possible, in reducing the amount of the rental earnings.
- (6) Before applying subsection (4) above by virtue of subsection (3)(c) above in relation to an amount of rental income,—
- (a) any deduction falling to be made under section 502E, or
- (b) any reduction falling to be made under section 502F,
is to be given effect by applying it, so far as possible, in reducing (or further reducing) the amount of the rental income.
- (7) Where, after applying amounts in making reductions required by subsection (5) or (6) above, there remains unapplied an amount in respect of—
- (a) a deduction falling to be made under section 502E,
- (b) a reduction falling to be made under section 502F, or
- (c) an amount deductible as a revenue expense by virtue of section 502C(3)(b),
the amount is to be apportioned under section 432A in the same way as income.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Lessees under long funding finance leases
#### Elections as to transfer of relief under section 257A or 257AB.
##### 502I
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding finance lease.
- (2) In calculating the company's profits for the period of account,—
- (a) the amount deducted in respect of amounts payable under the lease,
must not exceed
- (b) the amounts which, in accordance with generally accepted accounting practice, fall (or would fall) to be shown in the company's accounts as finance charges in respect of the lease.
- (3) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan, subsection (2) above applies as if the lease were one which, under generally accepted accounting practice, fell to be treated as a finance lease.
##### 502J
- (1) This section applies where—
- (a) a company is or has been the lessee under a long funding finance lease, and
- (b) in connection with the termination of the lease, a payment calculated by reference to the termination value falls to be made to the company.
- (2) The payment is not to be brought into account in determining for the purposes of corporation tax the profits of the company for any period of account.
- (3) Subsection (2) above does not affect the amount of any disposal value that falls to be brought into account by the company under the Capital Allowances Act.
### Lessees under long funding operating leases
##### 502K
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding operating lease.
- (2) The deductions that may be allowed in computing the profits of the company for the period of account are to be reduced in accordance with the following provisions of this section.
- (3) The amount of the reduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) the market value of the plant or machinery at the commencement of the term of the lease, unless paragraph (b) below applies;
- (b) if the lessee—
- (i) has the use of the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but
- (ii) brings the plant or machinery into use for the purposes of a qualifying activity on or after 1st April 2006,
the lower of first use market value and first use amortised market value.
- (5) In subsection (4) above—
- “*first use amortised market value*” means the value that the plant or machinery would have—at the time when it is first brought into use for the purposes of the qualifying activity, buton the assumption that the market value of the plant or machinery at the commencement of the term of the lease had been written off on a straight line basis over the remaining useful economic life of the plant or machinery;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(b) above, would have been) expected to be the market value of the plant or machinery at the end of the term of the lease,
to find the expected gross reduction over the term of the lease.
- (7) Apportion the amount of that expected gross reduction to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the reduction for any period of account is the amount so apportioned to that period.
### Interpretation of Chapter
##### 502L
- (1) This section has effect for the interpretation of this Chapter.
- (2) In this Chapter—
- “*qualifying activity*” has the same meaning as in Part 2 of the Capital Allowances Act;
- “*residual value*”, in relation to any plant or machinery leased under a long funding operating lease, means—the estimated market value of the plant or machinery on a disposal at the end of the term of the lease,lessthe estimated costs of that disposal.
- (3) Any reference in this Chapter to a sum being written off on a straight line basis over a period of time (the “writing-off period”) is a reference to—
- (a) the sum being apportioned between each of the periods of account in which any part of the writing-off period falls,
- (b) that apportionment being made on a time basis, according to the proportion of the writing-off period that falls in each of the periods of account, and
- (c) the sum being written off accordingly.
- (4) Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases) applies in relation to this Chapter as it applies in relation to that Part.
##### 504A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Eligibility for relief.
#### Transfer of relief under section 257A.
##### 506A
- (1) This section applies to the following transactions—
- (a) the sale or letting of property by a charitable company to a substantial donor,
- (b) the sale or letting of property to a charitable company by a substantial donor,
- (c) the provision of services by a charitable company to a substantial donor,
- (d) the provision of services to a charitable company by a substantial donor,
- (e) an exchange of property between a charitable company and a substantial donor,
- (f) the provision of financial assistance by a charitable company to a substantial donor,
- (g) the provision of financial assistance to a charitable company by a substantial donor, and
- (h) investment by a charitable company in the business of a substantial donor.
- (2) For the purposes of this section a person is a substantial donor to a charitable company in respect of an accounting period if—
- (a) the charitable company receives relievable gifts of at least £25,000 from him in a period of 12 months in which the accounting period wholly or partly falls, or
- (b) the charitable company receives relievable gifts of at least £100,000 from him in a period of six years in which the accounting period wholly or partly falls;
and if a person is a substantial donor to a charitable company in respect of an accounting period by virtue of paragraph (a) or (b), he is a substantial donor to the charitable company in respect of the following five accounting periods.
- (3) A payment made by a charitable company to a substantial donor in the course of or for the purposes of a transaction to which this section applies shall be treated for the purposes of section 505 as non-charitable expenditure.
- (4) If the terms of a transaction to which this section applies are less beneficial to the charitable company than terms which might be expected in a transaction at arm's length, the charitable company shall be treated for the purposes of section 505 as incurring non-charitable expenditure equal to that amount which the Commissioners for Her Majesty's Revenue and Customs determine as the cost to the charitable company of the difference in terms.
- (5) A payment by a charitable company of remuneration to a substantial donor shall be treated for the purposes of section 505 as non-charitable expenditure unless it is remuneration, for services as a trustee, which is approved by—
- (a) the Charity Commission,
- (b) another body with responsibility for regulating charities by virtue of legislation having effect in respect of any Part of the United Kingdom, or
- (c) a court.
##### 506B
- (1) Section 506A shall not apply to a transaction within section 506A(1)(b) or (d) if the Commissioners for Her Majesty's Revenue and Customs determine that the transaction—
- (a) takes place in the course of a business carried on by the substantial donor,
- (b) is on terms which are no less beneficial to the charitable company than those which might be expected in a transaction at arm's length, and
- (c) is not part of an arrangement for the avoidance of any tax.
- (2) Section 506A shall not apply to the provision of services to a substantial donor if the Commissioners determine that the services are provided—
- (a) in the course of the actual carrying out of a primary purpose of the charitable company, and
- (b) on terms which are no more beneficial to the substantial donor than those on which services are provided to others.
- (3) Section 506A shall not apply to the provision of financial assistance to a charitable company by a substantial donor if the Commissioners determine that the assistance—
- (a) is on terms which are no less beneficial to the charitable company than those which might be expected in a transaction at arm's length, and
- (b) is not part of an arrangement for the avoidance of any tax.
- (4) Section 506A shall not apply to investment by a charitable company in the business of a substantial donor where the investment takes the form of the purchase of shares or securities listed on a recognised stock exchange.
- (5) A disposal at an undervalue in respect of which relief is available under section 587B of this Act or section 431 of ITA 2007 (gifts of shares, securities and real property to charities etc) shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (6) A disposal at an undervalue to which section 257(2) of the 1992 Act (gifts of chargeable assets) applies shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (7) In the application of section 506A payments by a charitable company, or benefits arising to a substantial donor from a transaction, shall be disregarded in so far as they relate to a donation by the donor, and—
- (a) if the donation is made by a company, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 339 because of subsection (3B)(b) of that section (restrictions on associated benefits), or
- (b) if the donation is made by an individual, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 416 of ITA 2007 because of subsection (7)(b) of that section (restrictions on associated benefits).
- (8) A company which is wholly owned by a charity within the meaning of section 339(7AB) shall not be treated as a substantial donor in relation to a charitable company which owns it (or any part of it).
- (9) A registered social landlord or housing association shall not be treated as a substantial donor in relation to a charitable company with which it is connected; and for that purpose—
- (a) “*registered social landlord or housing association*” means a body entered on a register maintained under—
- (i) section 1 of the Housing Act 1996,
- (ii) section 57 of the Housing (Scotland) Act 2001, or
- (iii) Article 14 of the Housing (Northern Ireland) Order 1992, and
- (b) a body and a charitable company are connected if (and only if)—
- (i) the one is wholly owned, or subject to control, by the other, or
- (ii) both are wholly owned, or subject to control, by the same person.
##### 506C
- (1) A gift is “*relievable*” for the purposes of section 506A(2) if relief is available in respect of it under—
- (a) section 83A,
- (b) section 339,
- (c) sections 587B and 587C,
- “*new offshore capital redemption policy*” has the same meaning as in section 553;
- “*overseas policy*” means a capital redemption policy which, by virtue of section 431D(1), forms part of the overseas life assurance business of an insurance company.
- (3) This section applies in relation to capital redemption policies where the contract is made on or after 23rd March 1999.
##### 553C
- (1) The Treasury may by regulations make provision imposing a yearly charge to corporation tax in relation to personal portfolio bonds (“yearly" being construed for this purpose by reference to years as defined in section 546(4)).
- (2) Subject to any provision to the contrary made by the regulations, any charge to corporation tax under this section is in addition to any other charge to corporation tax under this Chapter.
- (3) The regulations may make provision with respect to or in connection with all or any of the following—
- (a) the method by which the charge to corporation tax, or any relief, allowance or deduction against or in respect of the tax, is to be imposed or given effect;
- (b) the person who is to be liable for the tax;
- (c) the periods for or in respect of which the tax is to be charged;
- (d) the amounts in respect of which, or by reference to which, the tax is to be charged;
- (e) the period or periods by reference to which those amounts are to be determined;
- (f) the rate or rates at which the tax is to be charged;
- (g) any reliefs, allowances or deductions which are to be given or made against or in respect of the tax;
- (h) the administration of the tax.
- (4) The provision that may be made by the regulations includes provision for imposing the charge to corporation tax by a method which involves—
- (a) treating an event described in the regulations as if it were a chargeable event;
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event; or
- (c) deeming an amount determined in accordance with the regulations to be income of a company; . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (e) section 257 of the 1992 Act (gifts of chargeable assets),
- (f) section 63 of the Capital Allowances Act (gifts of plant and machinery),
- (g) sections 713 to 715 of ITEPA 2003 (payroll giving),
- (h) section 108 of ITTOIA 2005 (gifts of trading stock), . . .
- (i) sections 628 and 630 of ITTOIA 2005 (gifts from settlor-interested trusts), or
- (j) Chapters 2 and 3 of Part 8 of ITA 2007 (gift aid and gifts of shares, securities and real property).
- (2) A charitable company is treated as incurring expenditure in accordance with section 506A(4) at such time (or times) as the Commissioners determine.
- (3) Section 506A applies to a transaction entered into in an accounting period with a person who is a substantial donor in respect of that period, even if it was not until after the transaction was entered into that he first satisfied the definition of “substantial donor” in respect of that period.
- (4) Either or both of subsections (3) and (4) of section 506A may be applied to a single transaction; but any amount of non-charitable expenditure which a charitable company is treated as incurring under section 506A(3) in respect of a transaction shall be deducted from any amount which it would otherwise be treated as incurring under section 506A(4) in respect of the transaction.
- (5) A charitable company and any other charities with which it is connected are to be treated as a single charitable company for the purposes of section 506A and 506B and this section; and for this purpose “*connected*” means connected in a matter relating to the structure, administration or control of a charity.
- (6) Where remuneration is paid otherwise than in money, section 506A(5) shall apply as to a payment in money of the amount that would, under Part 3 of ITEPA 2003, be the cash equivalent of the remuneration as a benefit.
- (7) In sections 506A and 506B and this section—
- (a) a reference to a substantial donor or other person includes a reference to a person connected with him within the meaning of section 839,
- (b) “*financial assistance*” includes, in particular—
- (i) the provision of a loan, guarantee or indemnity, and
- (ii) entering into alternative finance arrangements within the meaning of section 46 of the Finance Act 2005, and
- (c) a reference to a gift of a specified amount includes a reference to a non-monetary gift of that value.
- (8) On an appeal against an assessment the Special Commissioners may review a decision of the Commissioners in connection with section 506A.
- (9) The Treasury may by regulations vary a sum, or a period of time, specified in section 506A(2).
#### Form of relief.
##### 508A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 508B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 510A
- (1) In this section “*grouping*” means a European Economic Interest Grouping formed in pursuance of Council Regulation [(EEC) No. 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, in Northern Ireland, or elsewhere.
- (2) Subject to the following provisions of this section, for the purposes of charging corporation tax a grouping shall be regarded as acting as the agent of its members.
- (3) In accordance with subsection (2) above—
- (a) for the purposes mentioned in that subsection the activities of the grouping shall be regarded as those of its members acting jointly and each member shall be regarded as having a share of its property, rights and liabilities; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
but paragraph (a) above is subject to subsection (6A) below.
- (4) Subject to subsection (5) below, for the purposes of this section a member’s share of any property, rights or liabilities of a grouping shall be determined in accordance with the contract under which the grouping is established.
- (5) Where the contract does not make provision as to the shares of members in the property, rights or liabilities in question a member’s share shall be determined by reference to the share of the profits of the grouping to which he is entitled under the contract (and if the contract makes no provision as to that, the members shall be regarded as having equal shares).
- (6) . . . Where any trade or profession is carried on by a grouping it shall be regarded for the purposes of charging corporation tax as carried on in partnership by the members of the grouping.
- (6A) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) shall have effect in relation to a grouping as it has effect in relation to a partnership (see in particular section 87A of, and paragraphs 19 and 20 of Schedule 9 to, that Act).
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 519A
- (1) A health service body shall be exempt from corporation tax.
- (2) In this section “*health service body*” means—
- (a) a Strategic Health Authority established under section 13 of the National Health Service Act 2006. . . . . . ;
- (aa) a Special Health Authority established under section 28 of that Act or section 22 of the National Health Service (Wales) Act 2006;
- (ab) a Primary Care Trust;
- (aba) a Local Health Board;
- (b) a National Health Service trust established under section 25 of the National Health Service Act 2006 or section 18 of the National Health Service (Wales) Act 2006;
- (bb) an NHS foundation trust
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) a Health Board or Special Health Board, the Common Services Agency for the Scottish Health Service and a National Health Service trust respectively constituted under sections 2, 10 and 12A of the National Health Service (Scotland) Act 1978;
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (g) the Scottish Dental Practice Board; . . .
- (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (i) a Health and Social Services Board and the Northern Ireland Central Services Agency for the Health and Social Services established under Articles 16 and 26 respectively of the Health and Personal Social Services (Northern Ireland) Order 1972;
- (j) a special health and social services agency established under the Health and Personal Social Services (Special Agencies) (Northern Ireland) Order 1990; and
- (k) a Health and Social Services trust established under the Health and Personal Social Services (Northern Ireland) Order 1991.
- (3) The Treasury may by order disapply subsection (1) in relation to a specified activity, or class of activity, of an NHS foundation trust.
- (4) An order under subsection (3) shall make provision for determining the amount of the profits relating to an activity that are to be charged to corporation tax as a result of the disapplication of subsection (1).
- (5) An order under subsection (3) may, in particular—
- (a) make provision for disregarding profits of less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (b) make provision for disregarding a specified part of profits in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (c) make provision for disregarding all or part of profits relating to activity in respect of which receipts or turnover (as defined by the order) are less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period.
- (6) An order under subsection (3)—
- (a) may apply, with or without modification, a provision of the Tax Acts,
- (b) may disapply a provision of the Tax Acts,
- (c) may make provision similar to a provision of the Tax Acts, and
- (d) may make provision generally or in relation to a specified body or class of bodies.
- (7) The Treasury may make an order under subsection (3) only—
- (a) in relation to an activity or class of activity that appears to the Treasury to be of a commercial nature,
- (b) where it appears to the Treasury to be expedient for the purpose of avoiding, removing or reducing differences between—
- (i) the fiscal treatment of the body undertaking the activity, and
- (ii) the fiscal treatment of another body or class of body which is of a commercial nature and which undertakes or might undertake the same or a similar activity, and
- (c) if a draft has been laid before, and approved by resolution of, the House of Commons.
- (8) An activity authorised under section 43(1) of the National Health Service Act 2006 shall not be treated as an activity of a commercial nature for the purposes of subsection (7)(a).
#### Transfer of relief under section 257A where relief exceeds income or 257AB.
#### Charges on income: interest payable to non-residents.
#### Indexation of amounts in sections 257 , 257A and 257AB.
#### Life assurance premiums paid by employer
#### Expenditure and houses of ministers of religion.
### Designs
##### 537A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 537B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Aggregation of wife’s income with husband’s.
##### 539ZA
- (1) This section applies where, for the purposes of determining the application of this Chapter in relation to a policy or contract at any time, it is necessary to have regard to its application at another time.
- (2) It makes no difference to the application of this Chapter at that other time whether liability in respect of a gain arising at that time would have arisen or (as the case may be) would arise because of the application of this Chapter or Chapter 9 of Part 4 of ITTOIA 2005 (which makes provision for income tax purposes corresponding to that made by this Chapter).
- (3) References in this section to this Chapter include references to paragraph 20 of Schedule 15 to this Act and section 79 of the Finance Act 1997 (payments under certain life insurance policies).
##### 539A
- (1) The conditions mentioned in section 539(2)(f) (excepted group life policies) are those set out in the following provisions of this section.
- (2) Condition 1 is that under the terms of the policy a sum or other benefit of a capital nature is payable or arises on the death of each of the individuals insured under the policy who dies without attaining an age which is specified in the policy and is not greater than 75 years.
In determining whether this condition is satisfied, disregard any terms of the policy which exclude from benefit the death of a person in specified circumstances, if the exclusion applies in relation to death in those circumstances in the case of each of the individuals insured under the policy.
- (3) Condition 2 is that under the terms of the policy—
- (a) the same method is to be used for calculating the sums or other benefits of a capital nature payable or arising on each death, and
- (b) if there is any limitation on those sums or other benefits, the limitation is the same in the case of any death.
- (4) Condition 3 is that the policy does not have, and is not capable of having, on any day—
- (a) a surrender value that exceeds the proportion of the premiums paid which, on a time apportionment, is referable to the unexpired paid-up period beginning with that day, or
- (b) if there is no such period, any surrender value.
For the purposes of this subsection the unexpired paid-up period beginning with any day is the period (if any) which—
- (i) begins with that day, and
- (ii) ends with the earliest subsequent day on which—
- (a) a payment of premium falls due under the policy, or
- (b) the term of the policy ends.
- (5) Condition 4 is that no sums or other benefits may be paid or conferred under the policy, except as mentioned in condition 1 or condition 3.
- (6) Condition 5 is that any sums payable or other benefits arising under the policy must (whether directly or indirectly) be paid to or for, or conferred on, or applied at the direction of—
- (a) an individual or charity beneficially entitled to them, or
- (b) a trustee or other person acting in a fiduciary capacity who will secure that the sums or other benefits are paid to or for, or conferred on, or applied in favour of, an individual or charity beneficially.
In this subsection “*charity*” means any body of persons or trust established for charitable purposes only.
- (7) Condition 6 is that no person—
- (a) who is an individual whose life is insured under the policy, or
- (b) who is, within the meaning of section 839, connected with an individual whose life is so insured,
may, by virtue of a group membership right relating to that individual, receive (directly or indirectly) any death benefit in respect of another group member.
In this subsection—
- (i) “*group membership right*”, in relation to an individual, means any right (including the right of any person to be considered by trustees in their exercise of a discretion) that is referable to that individual’s being one of the individuals whose lives are insured by the policy; and
- (ii) “*death benefit in respect of another group member*” means—
- (a) any sums or other benefits payable or arising under the policy on the death of any other of those individuals, or
- (b) anything representing any such sums or benefits.
- (8) Condition 7 is that a tax avoidance purpose is not the main purpose, or one of the main purposes, for which a person is at any time—
- (a) the holder, or one of the holders, of the policy, or
- (b) the person, or one of the persons, beneficially entitled under the policy.
In this subsection—
- (i) “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the holder of the policy or any other person); and
- (ii) “*tax advantage*” has the meaning given by section 840ZA.
#### Transfers of trade to obtain balancing allowances
##### 546A
- (1) This section applies in any case where—
- (a) as a result of any transaction (the “*material transaction*”) the whole or part of or a share in the rights conferred by a policy or contract (“*the material interest*”) becomes beneficially owned by one person or by two or more persons jointly or in common (“*the new ownership*”);
- (b) immediately before the material transaction, the material interest was in the beneficial ownership of one person or of two or more persons jointly (“*the old ownership*”); and
- (c) at least one person who is a member of the old ownership is also a member of the new ownership.
- (2) In any such case, the material transaction shall, in accordance with the following provisions of this section, be taken for the purposes of this Chapter (other than this section) to be one or more assignments, of part only of the rights conferred by the policy or contract.
- (3) For the purposes of this Chapter (other than this section), the members of the old ownership shall be treated—
- (a) where the old ownership consists of two or more persons beneficially entitled jointly, as if the material interest had been in their beneficial ownership in equal shares instead of jointly;
- (b) where the new ownership consists of two or more persons beneficially entitled jointly, as if the result of the material transaction had been that the material interest was in the beneficial ownership of those persons in equal shares instead of jointly; and
- (c) as if the material transaction had been the assignment by each member of the old ownership of so much (if any) of his old share as exceeds his new share (or, if he does not have a new share, the whole of his old share).
- (5) The provision that may be made in the regulations includes provision for the amount or amounts in respect of which, or by reference to which, the tax is to be charged for periods beginning after the coming into force of the regulations to be determined in whole or in part by reference to periods beginning or ending, premiums paid, or events happening, before, on or after the day on which the Finance Act 1998 is passed.
- (6) The regulations may make provision excluding, or applying (with or without modification), other provisions of this Chapter in relation to policies or contracts which are also personal portfolio bonds.
- (7) In this section, “*personal portfolio bond*” means a policy of life insurance, contract for a life annuity or capital redemption policy under whose terms—
- (a) some or all of the benefits are determined by reference to the value of, or the income from, property of any description (whether or not specified in the policy or contract) or fluctuations in, or in an index of, the value of property of any description (whether or not so specified); and
- (b) some or all of the property, or such an index, may be selected by, or by a person acting on behalf of, the holder of the policy or contract or a person connected with him (or the holder of the policy or contract and a person connected with him);
but a policy or contract is not a personal portfolio bond if the only property or index which may be so selected is of a description prescribed for this purpose in the regulations.
- (8) The regulations may prescribe additional conditions which must be satisfied if a policy or contract is to be a personal portfolio bond.
- (9) The regulations—
- (a) may make different provision for different cases, different circumstances or different periods; and
- (b) may make incidental, consequential, supplemental or transitional provision.
- (9A) The Treasury may by regulations make provision, in relation to any policy or contract to which this subsection applies, for—
- (a) treating an event described in the regulations as if it were a chargeable event, and
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event.
- (9B) Regulations under subsection (9A) may make such provision for the purposes only of enabling the gain to be taken into account in the application of this Chapter to the policy or contract on the later happening of a chargeable event.
- (9C) Regulations under subsection (9A) may make any provision for the calculation of the amount of the gain which regulations under subsection (1) may make for the calculation of the amount charged to corporation tax by virtue of regulations under that subsection.
- (9D) Subsections (6), (8) and (9) apply to regulations under subsection (9A).
- (9E) Subsection (9A) applies to a policy or contract if—
- (a) it is a personal portfolio bond, and
- (b) liability in respect of a gain arising in relation to it would arise by virtue of any of sections 464 to 468 of ITTOIA 2005 (persons liable for tax under Chapter 9 of Part 4 of that Act).
- (10) In this section, “holder", in the case of a policy or contract held by two or more persons, includes a reference to any of those persons.
- (11) Section 839 (connected persons) applies for the purposes of this section.
##### 559A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Relevant loan interest.
### Chapter 5A — Share loss relief
### Relief for losses on unquoted shares in trading companies
##### 576A
- (1) For the purposes of this Chapter a qualifying trading company is a company which meets each of conditions A to D.
- (2) Condition A is that the company either—
- (a) meets each of the following requirements on the date of the disposal—
- (i) the trading requirement (see section 576B),
- (ii) the control and independence requirement (see section 576D),
- (iii) the qualifying subsidiaries requirement (see section 576E), and
- (iv) the property managing subsidiaries requirement (see section 576F), or
- (b) has ceased to meet any of those requirements at a time which is not more than 3 years before that date and has not since that time been an excluded company, an investment company or a trading company.
- (3) Condition B is that the company either—
- (a) has met each of the requirements mentioned in condition A for a continuous period of 6 years ending on that date or at that time, or
- (b) has met each of those requirements for a shorter continuous period ending on that date or at that time and has not before the beginning of that period been an excluded company, an investment company or a trading company.
- (4) Condition C is that the company—
- (a) met the gross assets requirement (see section 576G) both immediately before and immediately after the issue of the shares in respect of which the relief is claimed under this Chapter, and
- (b) met the unquoted status requirement (see section 576H) at the relevant time within the meaning of that section.
- (5) Condition D is that the company has carried on its business wholly or mainly in the United Kingdom throughout the period—
- (a) beginning with the incorporation of the company or, if later, 12 months before the shares in question were issued, and
- (b) ending with the date of the disposal.
### Qualifying trading companies: the requirements
##### 576B
- (1) The trading requirement is that—
- (a) the company, disregarding any incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, or
- (b) the company is a parent company and the business of the group does not consist wholly or as to a substantial part in the carrying on of non-qualifying activities.
- (2) If the company intends that one or more other companies should become its qualifying subsidiaries with a view to their carrying on one or more qualifying trades—
- (a) the company is treated as a parent company for the purposes of subsection (1)(b), and
- (b) the reference in subsection (1)(b) to the group includes the company and any existing or future company that will be its qualifying subsidiary after the intention in question is carried into effect.
This subsection does not apply at any time after the abandonment of that intention.
- (3) For the purpose of subsection (1)(b) the business of the group means what would be the business of the group if the activities of the group companies taken together were regarded as one business.
- (4) For the purpose of determining the business of a group, activities are disregarded to the extent that they are activities carried on by a mainly trading subsidiary otherwise than for its main purpose.
- (5) For the purposes of determining the business of a group, activities of a group company are disregarded to the extent that they consist in—
- (a) the holding of shares in or securities of a qualifying subsidiary of the parent company,
- (b) the making of loans to another group company,
- (c) the holding and managing of property used by a group company for the purpose of one or more qualifying trades carried on by a group company, or
- (d) the holding and managing of property used by a group company for the purpose of research and development from which it is intended—
- (i) that a qualifying trade to be carried on by a group company will be derived, or
- (ii) that a qualifying trade carried on or to be carried on by a group company will benefit.
- (6) Any reference in subsection (5)(d)(i) or (ii) to a group company includes a reference to any existing or future company which will be a group company at any future time.
- (7) In this section—
- “*excluded activities*” has the meaning given by section 192 of ITA 2007 read with sections 193 to 199 of that Act,
- “*group*” means a parent company and all its qualifying subsidiaries,
- “*group company*”, in relation to a group, means the parent company or any of its qualifying subsidiaries,
- “*incidental purposes*” means purposes having no significant effect (other than in relation to incidental matters) on the extent of the activities of the company in question,
- “*mainly trading subsidiary*” means a subsidiary which, apart from incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, and any reference to the main purpose of such a subsidiary is to be read accordingly,
- “*non-qualifying activities*” means—excluded activities, andactivities (other than research and development) carried on otherwise than in the course of a trade,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007,
- “*qualifying trade*” has the meaning given by section 189 of that Act,
- “*research and development*” has the meaning given by section 837A.
- (8) In sections 189(1)(b) and 194(4)(c) of ITA 2007 (as applied by subsection (7) for the purposes of the definitions of “excluded activities” and “qualifying trade”) “*period B*” means the continuous period that is relevant for the purposes of section 576A(3).
- (9) In section 195 of ITA 2007 as applied by subsection (7) for the purposes mentioned in subsection (8), references to the issuing company are to be read as references to the company mentioned in subsection (1).
#### Relevant loan interest.
##### 576C
- (1) A company is not regarded as ceasing to meet the trading requirement by reason only of anything done in consequence of the company or any of its subsidiaries being in administration or receivership.
This has effect subject to subsections (2) and (3).
- (2) Subsection (1) applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a result of the company concerned being in administration or receivership,
is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
- (3) A company ceases to meet the trading requirement if before the time that is relevant for the purposes of section 576A(2)—
- (a) a resolution is passed, or an order is made, for the winding up of the company or any of its subsidiaries (or, in the case of a winding up otherwise than under the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989, any other act is done for the like purpose), or
- (b) the company or any of its subsidiaries is dissolved without winding up.
This is subject to subsection (4).
- (4) Subsection (3) does not apply if —
- (a) the winding up is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax, and
- (b) the company continues, during the winding up, to be a trading company.
- (5) References in this section to a company being “in administration” or “in receivership” are to be read in accordance with section 252 of ITA 2007.
##### 576D
- (1) The control element of the requirement is that—
- (a) the company must not control (whether on its own or together with any person connected with it) any company which is not a qualifying subsidiary of the company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (2) The independence element of the requirement is that—
- (a) the company must not—
- (i) be a 51% subsidiary of another company, or
- (ii) be under the control of another company (or of another company and any other person connected with that other company), without being a 51% subsidiary of that other company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (3) This section is subject to section 576J(3).
- (3A) Section 839 (connected persons) applies for the purposes of this section.
- (4) In this section—
- “*new share*”, in relation to the material interest and a person who is a member of the new ownership, means—if there is only one member of the new ownership, the material interest;if there are two or more members of the new ownership beneficially entitled to the material interest in common, the member’s share in the material interest; orif there are two or more members of the new ownership beneficially entitled to the material interest jointly, the share attributed to the member by subsection (3)(b) above;
- “*old share*”, in relation to the material interest and a person who is a member of the old ownership, means—if there is only one member of the old ownership, the material interest; orif there are two or more members of the old ownership, the share attributed to the member by subsection (3)(a) above.
##### 546B
- (1) This section applies in relation to a policy or contract in any case where—
- (a) a section 546 excess occurs at the end of any year (including the final year, whether or not ending with a terminal chargeable event); and
- (b) the condition in subsection (2) below is satisfied in relation to that year.
This subsection is subject to subsection (1A) below.
- (1A) In the case of a policy which is a qualifying policy (whether or not the premiums under the policy are eligible for relief under section 266) this section applies only if—
- (a) the section 546 excess occurs within the time described in section 540(1)(b)(i); or
- (b) the policy has been converted into a paid-up policy within that time.
- (2) The condition is that—
- (a) during the year there has been an assignment for money or money’s worth of part of or a share in the rights conferred by the policy or contract; or
- (b) during the year there has been both—
- (i) an assignment, otherwise than for money or money’s worth, of the whole or part of or a share in the rights conferred by the policy or contract; and
- (ii) an earlier surrender of part of or a share in the rights conferred by the policy or contract.
- (3) Where this section applies—
- (a) the occurrence of the section 546 excess shall be treated for the purposes of this Chapter as not being a chargeable event; but
- (b) the amount of the section 546 excess shall be charged to tax in accordance with the provisions of section 546C.
- (4) In this section—
- “*final year*” has the meaning given by section 546(4);
- “*section 546 excess*”, in relation to any year, means an excess, occurring at the end of the year, of—the reckonable aggregate value mentioned in subsection (2) of section 546, overthe allowable aggregate amount mentoned in subsection (3) of that section;
- “*terminal chargeable event*” means any chargeable event other than—
- (a) an assignment for money or money’s worth of the whole of the rights conferred by the policy or contract;
- (b) the occurrence of a section 546 excess; or
- (c) a chargeable event by virtue of section 546C(7)(a);
##### 546C
- (1) This section applies where, in relation to any policy or contract, the amount of a section 546 excess occurring at the end of any year falls to be charged to tax in accordance with this section by virtue of section 546B(3)(b).
- (2) The following amounts shall be calculated as at the end of that year—
- (a) the aggregate of the values calculated under section 546(1)(a) in respect of any part of or share in the rights conferred by the policy or contract which has been assigned for money or money’s worth, or surrendered, during the year;
- (b) the amount by which—
- (i) the reckonable aggregate value mentioned in section 546(2), as at the end of the year, exceeds
- (ii) the aggregate calculated under paragraph (a) above;
and
- (c) the amount by which—
- (i) the allowable aggregate amount mentioned in section 546(3), as at the end of the year, exceeds
- (ii) the amount calculated under paragraph (b) above.
- (3) In this section—
- (a) “*relevant transaction*” means any assignment for money or money’s worth, or any surrender, of a part of or share in the rights conferred by the policy or contract which has happened during the year;
- (b) “*transaction value*”, in relation to any relevant transaction, means the value calculated in accordance with section 546(1)(a) in the case of that transaction;
- (c) “*the amount of available premium*” means—
- (i) in relation to the earliest relevant transaction, the amount calculated under subsection (2)(c) above (that amount being taken to be nil if there is no such excess as is there mentioned); and
- (ii) in relation to each successive relevant transaction, that amount as successively reduced under subsections (5) to (7) below.
- (4) Subsection (5) below shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened.
If the year is the final year and ends with a terminal chargeable event, this subsection is subject to section 546D.
- (5) Where this subsection applies in relation to a relevant transaction—
- (a) the transaction value shall be compared to the amount of available premium; and
- (b) if the amount of available premium exceeds or is equal to the transaction value, subsection (6) below shall apply in relation to the transaction; but
- (c) if the transaction value exceeds the amount of available premium, subsection (7) below shall apply in relation to the transaction.
- (6) Where this subsection applies in relation to a relevant transaction—
- (a) the amount of available premium shall be reduced (or further reduced) by the transaction value; and
- (b) that reduction shall have effect in relation to the next subsequent relevant transaction.
- (7) Where this subsection applies in relation to a relevant transaction—
- (a) the relevant transaction shall for the purposes of this Chapter be a chargeable event in relation to the policy or contract, except as provided by sections 540(3) and 542(3);
- (b) a gain of an amount equal to that by which the transaction value exceeds the amount of available premium shall be treated for the purposes of this Chapter as arising in connection with the policy or contract on the happening of that chargeable event; and
- (c) in relation to any subsequent relevant transaction, the amount of available premium shall be reduced to nil.
- (8) Where the whole or any part of the amount of any gain treated as arising by subsection (7)(b) above falls to be treated under section 547(1)(b) as forming part of the income of any company for—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the accounting period in which the chargeable event in question happened,
that . . . accounting period shall be taken to be the one which includes the end of the year as at which the section 546 excess in question occurs, instead of the one (if different) in which the relevant transaction happened.
- (9) Where this section applies in relation to the final year and that year ends with a terminal chargeable event—
- (a) effect shall be given to this section before applying the provisions of this Chapter in relation to the terminal chargeable event; and
- (b) in applying this Chapter in relation to the terminal chargeable event, any chargeable event by virtue of subsection (7)(a) above accordingly falls to be regarded as having occurred before the terminal chargeable event.
- (10) This section shall be construed as one with section 546B.
##### 546D
- (1) This section applies in any case where the year mentioned in section 546C(4) is the final year and that year ends with a terminal chargeable event.
- (2) In any such case there shall be calculated, as at the end of the year, the amount of the gain (“*the gains limit*”) that would have been treated as arising on the happening of the terminal chargeable event, apart from the application of sections 546B and 546C in relation to that year.
- (3) Subsection (5) of section 546C shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened, unless and until the transaction in question (the “*final transaction*”) is such that the aggregate of—
- (a) its transaction value apart from subsection (4) below, and
- (b) the sum of the transaction values of any relevant transactions to which subsection (5) of that section has previously applied,
exceeds the gains limit.
- (4) If, in the case of the final transaction,—
- (a) the aggregate mentioned in subsection (3) above exceeds the gains limit, but
- (b) the sum mentioned in paragraph (b) of that subsection is less than that limit,
subsection (5) of section 546C shall apply in relation to that transaction, but for the purposes of subsections (5) to (7) of that section its transaction value shall be reduced to an amount equal to the difference between the gains limit and the sum mentioned in paragraph (b) above.
- (5) Except as provided by subsection (4) above, subsection (5) of section 546C shall not apply in relation to the final transaction or any subsequent relevant transaction.
- (6) This section shall be construed as one with sections 546B and 546C.
##### 547A
- (1) If—
- (a) immediately before the happening of a chargeable event, two or more persons have relevant interests in the rights conferred by the policy or contract in question, and
- (b) any of those persons is a company,
section 547 shall have effect in relation to each such company as if it had been the only person with a relevant interest in those rights, but with references to the amount of the gain construed as references to the company's proportionate share of the amount of the gain.
- (2) References in this section to the rights conferred by a policy or contract are, in the case of an assignment or surrender of only a part of or share in any rights, references to that part or share.
- (3) For the purposes of this section, a person has a “relevant interest" in the rights conferred by a policy or contract—
- (a) in the case of an individual, if a share in the rights is vested in him as beneficial owner, or is held on non-charitable trusts created, or as security for a debt owed, by him;
- (b) in the case of a company, if a share in the rights is in the beneficial ownership of the company, or is held on non-charitable trusts created, or as security for a debt owed, by the company;
- (c) in the case of personal representatives, if a share in the rights is vested in them;
- (cc) in the case of trustees of a charitable trust, if a share in the rights is held by them or as security for a debt owed by them;
- (d) in the case of trustees of a non-charitable trust—
- (i) if a share in the rights is held by them, and the person who created the trusts is not resident in the United Kingdom or has died or (in the case of a company or foreign institution) has been dissolved or wound up or has otherwise come to an end;
- (ia) if a share in the rights is held by them which does not also fall within paragraph (a), (b) or (c) above or sub-paragraph (i) above; or
- (ii) if a share in the rights is held as security for a debt owed by them;
- (e) in the case of a foreign institution, if a share in the rights is in the beneficial ownership of the foreign institution, or is held as security for a debt owed by the foreign institution.
- (4) For the purposes of subsection (1) above, a person’s “proportionate share" of the amount of a gain is that share of it which is proportionate to the share of the rights by reference to which he has the relevant interest in question.
- (5) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held as security for one or more debts owed by two or more persons, this section shall effect in relation to the chargeable event as if—
- (a) each of those persons were instead the sole debtor in respect of a separate debt; and
- (b) the security for that separate debt were the appropriate share of the security for the actual debt or debts (so far as consisting of the rights, or a share in the rights, conferred by the policy or contract);
and for the purposes of paragraph (b) above the appropriate share, in the case of any person, is a share which is proportionate to that share of the actual debt or, as the case may be, the aggregate of the two or more actual debts, for which he is liable as between the debtors.
- (6) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held on non-charitable trusts created by two or more persons, this section shall have effect in relation to that chargeable event as if—
- (a) each of those persons had instead been the sole settlor in relation to a separate share of the rights or share so held; and
- (b) that separate share were proportionate to the share which originates from him of the whole of the property subject to the trusts immediately before the happening of the chargeable event.
- (7) The reference in subsection (6)(b) above to the share of the property which originates from a person is a reference to the share of the property which consists of—
- (a) property which that person has provided directly or indirectly for the purposes of the trusts;
- (b) property representing property which that person has so provided; and
- (c) so much of any property which represents both property so provided and other property as, on a just apportionment, represents the property so provided.
- (8) References in subsection (7) above to property which a person has provided directly or indirectly—
- (a) include references to property which has been provided directly or indirectly by another in pursuance of reciprocal arrangements with the person, but
- (b) do not include references to property which the person has provided directly or indirectly in pursuance of reciprocal arrangements with another.
- (9) References in subsection (7) above to property which represents other property include references to property which represents accumulated income from that other property.
- (10) Where immediately before the happening of a chargeable event—
- (a) the rights conferred by the policy or contract in question are, or a share in those rights is, held subject to any non-charitable trusts, and
- (b) different shares of the whole of the property subject to those trusts originate (within the meaning of subsection (6)(b) above) from different persons,
the rights or share shall, in relation to that chargeable event, be taken for the purposes of this section to be held on non-charitable trusts created by those persons.
- (11) Where the rights conferred by a policy or contract are, or an interest in any such rights is, in the beneficial ownership of two or more persons jointly, the rights or interest shall be treated for the purposes of this section as if they were in the beneficial ownership of those persons in equal shares.
- (12) A non-fractional interest in the rights conferred by a policy or contract shall be treated for the purposes of this section as if it were instead such a share in those rights as may justly and reasonably be regarded for those purposes as representing the non-fractional interest.
- (13) For the purposes of subsection (12) above, a “non-fractional interest" in the rights conferred by a policy or contract is an interest in some or all of those rights which is not a share in all of those rights (otherwise than by virtue only of subsection (2) above).
- (14) This section applies in a case where the same person has two or more relevant interests in the rights conferred by a policy or contract as it applies in a case where two or more persons have separate relevant interests, unless—
- (a) that person is the only person with a relevant interest in those rights, and
- (b) he has all the relevant interests in the same capacity,
in which case section 547 applies.
- (15) In this section—
- “*foreign institution*” means a person which is a company or other institution resident or domiciled outside the United Kingdom;
- “*personal representatives*” has the same meaning as in Part XVI.
- (16) For the purposes of this section, property held for the purposes of a foreign institution shall be regarded as in the beneficial ownership of the foreign institution.
- (17) Any reference in this section to trusts created by an individual includes a reference to trusts arising under—
- (a) section 11 of the Married Women's Property Act 1882;
- (b) section 2 of the Married Women's Policies of Assurance (Scotland) Act 1880; or
- (c) section 4 of the Law Reform (Husband and Wife) Act (Northern Ireland) 1964;
and references to the settlor or to the person creating the trusts shall be construed accordingly.
##### 548A
- (1) This section applies if—
- (a) a relevant chargeable event occurs in respect of a policy or contract,
- (b) commission in respect of the policy or contract has at any time been rebated or reinvested, and
- (c) condition A or B is met.
- (2) For the purposes of performing the calculation under section 541(1)(b) or (c) or 543(1)(a) or (b) for the chargeable event, the total amount paid under the policy or contract by way of premiums in any period is to be reduced by the total amount of commission attributable to those premiums that has been rebated or reinvested.
- (3) Condition A is that the total amount paid under the policy or contract by way of premiums in a relevant period exceeds £100,000.
- (4) Condition B is that—
- (a) at a time when the policy or contract was the taxable person's, the taxable person's policies and contracts exceeded the relevant threshold as respects a relevant period, and
- (b) payments under the policy or contract by way of premiums were made in that relevant period.
- (5) In subsection (4)(a) “*taxable person*” means the person whose policy or contract the policy or contract is, immediately before the chargeable event.
- (6) For the purposes of subsection (4)(a) a person's policies and contracts “exceed the relevant threshold” as respects a relevant period if the total amount of payments under them by way of premiums in that relevant period exceeds the sum specified in subsection (3).
- (7) In this section “*relevant chargeable event*” means a chargeable event within—
- (a) any of sub-paragraphs (ii) to (iv) of section 540(1)(a) (including those sub-paragraphs as they apply in relation to a qualifying policy),
- (b) section 542(1)(a) or (b), or
- (c) section 545(1)(a) to (c).
- (8) In this section “*relevant period*” means—
- (a) the period beginning with the beginning of the year of assessment in which the chargeable event occurs and ending with the chargeable event, or
- (b) any of the 3 preceding years of assessment.
- (9) References in this section to a premium include, in relation to a contract for a life annuity, lump sum consideration.
- (10) The Treasury may by order—
- (a) substitute another sum for the sum for the time being specified in subsection (3);
- (b) amend the definition of “relevant period”.
#### Company reconstructions involving business of leasing plant or machinery
##### 548B
- (1) This section supplements section 548A.
- (2) “*Commission*”, in relation to a policy or contract, includes any passing of value to or for the benefit of an intermediary, or a person connected with an intermediary, that can reasonably be taken to represent a reward in respect of the policy or contract.
- (3) Commission in respect of a policy or contract is “reinvested” if, as a result of a waiver of an entitlement to it, there is an increase in the total value of a relevant person's policies and contracts.
- (4) The amount of commission reinvested is the amount of the increase.
- (5) Commission in respect of a policy or contract is “rebated” if—
- (a) value passes (directly or indirectly) from an intermediary, or a person connected with an intermediary, to or for the benefit of a relevant person (and the passing of value does not amount to the reinvestment of the commission), and
- (b) the passing of value can reasonably be taken to be in respect of the commission.
- (6) The amount of commission rebated is the amount of value passed.
- (7) A policy or contract is a person's policy or contract if a gain arising in connection with it would be—
- (a) a gain for which the person, or (if the person is an individual) the person's spouse or civil partner, would be liable to tax under Chapter 9 of Part 4 of ITTOIA 2005, or
- (b) treated by virtue of section 547(1) above as forming part of the person's income.
- (8) Any necessary apportionment is to be made (on a just and reasonable basis) as regards—
- (a) commission which is attributable to two or more premiums, and
- (b) any part of such commission that has been rebated or reinvested.
- (9) Commission which is in respect of one or more policies or contracts (but is not attributable to particular premiums) is to be attributed to such premiums as is just and reasonable.
- (10) In subsections (3) and (5), “*relevant person*” means—
- (a) any of the policyholders (including any of the persons who hold the contract),
- (b) a person who beneficially owns the rights under the policy or contract,
- (c) if those rights are held on trust, any of the trustees, or
- (d) a person connected (within the meaning of section 839) with a person within any of paragraphs (a) to (c).
- (11) In subsections (8) and (9), references to a premium include, in relation to a contract for a life annuity, lump sum consideration.
##### 551A
- (1) Where—
- (a) an amount is included in a company’s income by virtue of section 547(1)(b), and
- (b) the rights, or the part or share, in question were held immediately before the happening of the chargeable event on non-charitable trusts,
the company shall be entitled to recover from the trustees, to the extent of any sums, or to the value of any benefits, received by them by reason of the event, the amount (if any) by which T1 exceeds T2.
- (2) For the purposes of subsection (1) above—
- T1 is the tax with which the company is chargeable for the accounting period in question; and
- T2 is the tax with which the company would have been chargeable for the accounting period if the amount mentioned in subsection (1)(a) above had not been included as there mentioned.
- (3) A company may require the Board to certify any amount recoverable by the company by virtue of this section, and the certificate shall be conclusive evidence of the amount.
##### 552ZA
- (1) This section supplements section 552 and shall be construed as one with it.
- (2) Where the obligations under any policy or contract of the body that issued, entered into or effected it (“*the original insurer*”) are at any time the obligations of another body (“*the transferee*”) to whom there has been a transfer of the whole or any part of a business previously carried on by the original insurer, section 552 shall have effect in relation to that time, except where the chargeable event—
- (a) happened before the transfer, and
- (b) in the case of a death or an assignment, is an event of which the notification mentioned in subsection (6) or (7) of that section was given before the transfer,
as if the policy or contract had been issued, entered into or effected by the transferee.
- (3) Where, in consequence of section 546C(7)(a) of this Act and section 514(1) of ITTOIA 2005, paragraph (a) or (b) of section 552(1) requires certificates to be delivered in respect of two or more surrenders, happening in the same year, of part of or a share in the rights conferred by the policy or contract, a single certificate may be delivered under the paragraph in question in respect of all those surrenders (and may treat them as if they together constituted a single surrender) unless between the happening of the first and the happening of the last of them there has been—
- (a) an assignment of part of or a share in the rights conferred by the policy or contract; or
- (b) an assignment, otherwise than for money or money’s worth, of the whole of the rights conferred by the policy or contract.
- (4) Where the appropriate policy holder is two or more persons—
- (a) section 552(1)(a) requires a certificate to be delivered to each of them; but
- (b) nothing in section 552 or this section requires a body to deliver a certificate under subsection (1)(a) of that section to any person whose address has not been provided to the body (or to another body, at a time when the obligations under the policy or contract were obligations of that other body).
- (5) A certificate under section 552(1)(b) or (3)—
- (a) shall be in a form prescribed for the purpose by the Board; and
- (b) shall be delivered by any means prescribed for the purpose by the Board;
and different forms, or different means of delivery, may be prescribed for different cases or different purposes.
- (6) The Board may by regulations make such provision as they think fit for securing that they are able—
- (a) to ascertain whether there has been or is likely to be any contravention of the requirements of section 552 or this section; and
- (b) to verify any certificate under that section.
- (7) Regulations under subsection (6) above may include, in particular, provisions requiring persons to whom premiums under any policy are or have at any time been payable—
- (a) to supply information to the Board; and
- (b) to make available books, documents and other records for inspection on behalf of the Board.
- (8) Regulations under subsection (6) above may—
- (a) make different provision for different cases; and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 552ZB
- (1) The Commissioners for Her Majesty's Revenue and Customs may make regulations—
- (a) requiring relevant persons—
- (i) to provide prescribed information to persons who apply for the issue of qualifying policies or who are, or may be, required to make statements under paragraph B3(2) of Schedule 15;
- (ii) to provide to an officer of Revenue and Customs prescribed information about qualifying policies which have been issued by them or in relation to which they are or have been a relevant transferee;
- (b) making such provision (not falling within paragraph (a)) as the Commissioners think fit for securing that an officer of Revenue and Customs is able—
- (i) to ascertain whether there has been or is likely to be any contravention of the requirements of the regulations or of paragraph B3(2) of Schedule 15;
- (ii) to verify any information provided to an officer of Revenue and Customs as required by the regulations.
- (2) The provision that may be made by virtue of subsection (1)(b) includes, in particular, provision requiring relevant persons to make available books, documents and other records for inspection by or on behalf of an officer of Revenue and Customs.
- (3) The regulations may—
- (a) make different provision for different cases or circumstances, and
- (b) contain incidental, supplementary, consequential, transitional, transitory or saving provision.
- (4) In this section—
- “*prescribed*” means prescribed by the regulations,
- “*qualifying policy*” includes a policy which would be a qualifying policy apart from—paragraph A1(2), B1(2), B2(2) or B3(3) of Schedule 15, orparagraph 17(2)(za) of that Schedule (including as applied by paragraph 18), and
- “*relevant person*” means a person—who issues, or has issued, qualifying policies, orwho is, or has been, a relevant transferee in relation to qualifying policies.
- (5) For the purposes of this section a person (“X”) is at any time a “*relevant transferee*” in relation to a qualifying policy if the obligations under the policy of its issuer are at that time the obligations of X as a result of there having been a transfer to X of the whole or any part of a business previously carried on by the issuer.
##### 552A
- (1) This section has effect for the purpose of securing that, where it applies to an overseas insurer, another person is the overseas insurer’s tax representative.
- (2) In this section “*overseas insurer*” means a person who is not resident in the United Kingdom who carries on a business which consists of or includes the effecting and carrying out of—
- (a) policies of life insurance;
- (b) contracts for life annuities; or
- (c) capital redemption policies.
- (3) This section applies to an overseas insurer—
- (a) if the condition in subsection (4) below is satisfied on the designated day; or
- (b) where that condition is not satisfied on that day, if it has subsequently become satisfied.
- (4) The condition mentioned in subsection (3) above is that—
- (a) there are in force relevant insurances the obligations under which are obligations of the overseas insurer in question or of an overseas insurer connected with him; and
- (b) the total amount or value of the gross premiums paid under those relevant insurances is £1 million or more.
- (5) In this section “*relevant insurance*” means any policy of life insurance, contract for a life annuity or capital redemption policy . . . in the case of which—
- (a) the holder is resident in the United Kingdom;
- (b) the obligations of the insurer are obligations of a person not resident in the United Kingdom; and
- (c) those obligations are not attributable to a branch or agency of that person’s in the United Kingdom.
- (6) Before the expiration of the period of three months following the day on which this section first applies to an overseas insurer, the overseas insurer must nominate to the Board a person to be his tax representative.
- (7) A person shall not be a tax representative unless—
- (a) if he is an individual, he is resident in the United Kingdom and has a fixed place of residence there, or
- (b) if he is not an individual, he has a business establishment in the United Kingdom,
and, in either case, he satisfies such other requirements (if any) as are prescribed in regulations made for the purpose by the Board.
- (8) A person shall not be an overseas insurer’s tax representative unless—
- (a) his nomination by the overseas insurer has been approved by the Board; or
- (b) he has been appointed by the Board.
- (9) The Board may by regulations make provision supplementing this section; and the provision that may be made by any such regulations includes provision with respect to—
- (a) the making of a nomination by an overseas insurer of a person to be his tax representative;
- (b) the information which is to be provided in connection with such a nomination;
- (c) the form in which such a nomination is to be made;
- (d) the powers and duties of the Board in relation to such a nomination;
- (e) the procedure for approving, or refusing to approve, such a nomination, and any time limits applicable to doing so;
- (f) the termination, by the overseas insurer or the Board, of a person’s appointment as a tax representative;
- (g) the appointment by the Board of a person as the tax representative of an overseas insurer (including the circumstances in which such an appointment may be made);
- (h) the nomination by the overseas insurer, or the appointment by the Board, of a person to be the tax representative of an overseas insurer in place of a person ceasing to be his tax representative;
- (j) circumstances in which an overseas insurer to whom this section applies may, with the Board’s agreement, be released (subject to any conditions imposed by the Board) from the requirement that there must be a tax representative;
- (k) appeals to the Special Commissioners against decisions of the Board under this section or regulations under it.
- (10) The provision that may be made by regulations under subsection (9) above also includes provision for or in connection with the making of other arrangements between the Board and an overseas insurer for the purpose of securing the discharge by or on behalf of the overseas insurer of the relevant duties, within the meaning of section 552B.
- (11) Section 839 (connected persons) applies for the purposes of this section.
- (12) In this section—
- “*capital redemption policy*” means a capital redemption policy in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*contract for a life annuity*” means a contract for a life annuity in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*the designated day*” means such day as the Board may specify for the purpose in regulations;
- “*policy of life insurance*” means a policy of life insurance in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*tax representative*” means a tax representative under this section.
##### 552B
- (1) It shall be the duty of an overseas insurer’s tax representative to secure (where appropriate by acting on the overseas insurer’s behalf) that the relevant duties are discharged by or on behalf of the overseas insurer.
- (2) For the purposes of this section “*the relevant duties*” are—
- (a) the duties imposed by section 552,
- (b) the duties imposed by section 552ZA(2), (4) or (5), and
- (c) any duties imposed by regulations made under subsection (6) of section 552ZA by virtue of subsection (7) of that section,
so far as relating to relevant insurances under which the overseas insurer in question has any obligations.
- (3) An overseas insurer’s tax representative shall be personally liable—
- (a) in respect of any failure to secure the discharge of the relevant duties, and
- (b) in respect of anything done for purposes connected with acting on the overseas insurer’s behalf,
as if the relevant duties were imposed jointly and severally on the tax representative and the overseas insurer.
- (4) In the application of this section in relation to any particular tax representative, it is immaterial whether any particular relevant duty arose before or after his appointment.
- (5) This section has effect in relation to relevant duties relating to chargeable events happening on or after the day by which section 552A(6) requires the nomination of the overseas insurer’s first tax representative to be made.
- (5A) In subsection (5) “*chargeable event*” has the same meaning as in section 552 (see subsection (10) of that section).
- (6) Expressions used in this section and in section 552A have the same meaning in this section as they have in that section.
##### 553A
- (1) A policy of life insurance which, immediately before the happening of a chargeable event or a relevant event—
- (a) is an overseas policy, but
- (b) is not a new non-resident policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new non-resident policy.
- (2) A policy of life insurance which, immediately before the happening of a relevant event—
- (a) is an overseas policy, and
- (b) is a new non-resident policy,
shall, in relation to that event, be taken for the purposes of this Chapter not to be a qualifying policy.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this section—
- “*new non-resident policy*” means a new non-resident policy as defined in paragraph 24 of Schedule 15 (and in subsection (2) above includes a policy treated as such by virtue of subsection (1) above);
- “*overseas policy*” means a policy of life insurance which, by virtue of section 431D(1)(a), forms part of the overseas life assurance business of an insurance company or friendly society;
- “*relevant event*”, in relation to a policy of life insurance, means an event which would be a chargeable event in relation to that policy if the policy were assumed not to be a qualifying policy.
- (5) This section applies in relation to chargeable events and relevant events happening on or after 17th March 1998 in relation to policies of life insurance issued in respect of insurances made on or after that date.
- (6) A policy of life insurance issued in respect of an insurance made before 17th March 1998 shall be treated for the purposes of this section as issued in respect of one made on or after that date if it is varied on or after that date so as to increase the benefits secured or to extend the term of the insurance; and any exercise of rights conferred by the policy shall be regarded for this purpose as a variation.
##### 553B
- (1) A capital redemption policy which immediately before the happening of a chargeable event—
- (a) is an overseas policy, but
- (b) is not a new offshore capital redemption policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new offshore capital redemption policy.
- (2) In this section—
- “*new offshore capital redemption policy*” has the same meaning as in section 553;
- “*overseas policy*” means a capital redemption policy which, by virtue of section 431D(1), forms part of the overseas life assurance business of an insurance company.
- (3) This section applies in relation to capital redemption policies where the contract is made on or after 23rd March 1999.
##### 553C
- (1) The Treasury may by regulations make provision imposing a yearly charge to corporation tax in relation to personal portfolio bonds (“yearly" being construed for this purpose by reference to years as defined in section 546(4)).
- (2) Subject to any provision to the contrary made by the regulations, any charge to corporation tax under this section is in addition to any other charge to corporation tax under this Chapter.
- (3) The regulations may make provision with respect to or in connection with all or any of the following—
- (a) the method by which the charge to corporation tax, or any relief, allowance or deduction against or in respect of the tax, is to be imposed or given effect;
- (b) the person who is to be liable for the tax;
- (c) the periods for or in respect of which the tax is to be charged;
- (d) the amounts in respect of which, or by reference to which, the tax is to be charged;
- (e) the period or periods by reference to which those amounts are to be determined;
- (f) the rate or rates at which the tax is to be charged;
- (g) any reliefs, allowances or deductions which are to be given or made against or in respect of the tax;
- (h) the administration of the tax.
- (4) The provision that may be made by the regulations includes provision for imposing the charge to corporation tax by a method which involves—
- (a) treating an event described in the regulations as if it were a chargeable event;
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event; or
- (c) deeming an amount determined in accordance with the regulations to be income of a company; . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The provision that may be made in the regulations includes provision for the amount or amounts in respect of which, or by reference to which, the tax is to be charged for periods beginning after the coming into force of the regulations to be determined in whole or in part by reference to periods beginning or ending, premiums paid, or events happening, before, on or after the day on which the Finance Act 1998 is passed.
- (6) The regulations may make provision excluding, or applying (with or without modification), other provisions of this Chapter in relation to policies or contracts which are also personal portfolio bonds.
- (7) In this section, “*personal portfolio bond*” means a policy of life insurance, contract for a life annuity or capital redemption policy under whose terms—
- (a) some or all of the benefits are determined by reference to the value of, or the income from, property of any description (whether or not specified in the policy or contract) or fluctuations in, or in an index of, the value of property of any description (whether or not so specified); and
- (b) some or all of the property, or such an index, may be selected by, or by a person acting on behalf of, the holder of the policy or contract or a person connected with him (or the holder of the policy or contract and a person connected with him);
but a policy or contract is not a personal portfolio bond if the only property or index which may be so selected is of a description prescribed for this purpose in the regulations.
- (8) The regulations may prescribe additional conditions which must be satisfied if a policy or contract is to be a personal portfolio bond.
- (9) The regulations—
- (a) may make different provision for different cases, different circumstances or different periods; and
- (b) may make incidental, consequential, supplemental or transitional provision.
- (9A) The Treasury may by regulations make provision, in relation to any policy or contract to which this subsection applies, for—
- (a) treating an event described in the regulations as if it were a chargeable event, and
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event.
- (9B) Regulations under subsection (9A) may make such provision for the purposes only of enabling the gain to be taken into account in the application of this Chapter to the policy or contract on the later happening of a chargeable event.
- (9C) Regulations under subsection (9A) may make any provision for the calculation of the amount of the gain which regulations under subsection (1) may make for the calculation of the amount charged to corporation tax by virtue of regulations under that subsection.
- (9D) Subsections (6), (8) and (9) apply to regulations under subsection (9A).
- (9E) Subsection (9A) applies to a policy or contract if—
- (a) it is a personal portfolio bond, and
- (b) liability in respect of a gain arising in relation to it would arise by virtue of any of sections 464 to 468 of ITTOIA 2005 (persons liable for tax under Chapter 9 of Part 4 of that Act).
- (10) In this section, “holder", in the case of a policy or contract held by two or more persons, includes a reference to any of those persons.
- (11) Section 839 (connected persons) applies for the purposes of this section.
##### 559A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Relevant loan interest.
### Chapter 5A — Share loss relief
### Relief for losses on unquoted shares in trading companies
##### 576A
- (1) For the purposes of this Chapter a qualifying trading company is a company which meets each of conditions A to D.
- (2) Condition A is that the company either—
- (a) meets each of the following requirements on the date of the disposal—
- (i) the trading requirement (see section 576B),
- (ii) the control and independence requirement (see section 576D),
- (iii) the qualifying subsidiaries requirement (see section 576E), and
- (iv) the property managing subsidiaries requirement (see section 576F), or
- (b) has ceased to meet any of those requirements at a time which is not more than 3 years before that date and has not since that time been an excluded company, an investment company or a trading company.
- (3) Condition B is that the company either—
- (a) has met each of the requirements mentioned in condition A for a continuous period of 6 years ending on that date or at that time, or
- (b) has met each of those requirements for a shorter continuous period ending on that date or at that time and has not before the beginning of that period been an excluded company, an investment company or a trading company.
- (4) Condition C is that the company—
- (a) met the gross assets requirement (see section 576G) both immediately before and immediately after the issue of the shares in respect of which the relief is claimed under this Chapter, and
- (b) met the unquoted status requirement (see section 576H) at the relevant time within the meaning of that section.
- (5) Condition D is that the company has carried on its business wholly or mainly in the United Kingdom throughout the period—
- (a) beginning with the incorporation of the company or, if later, 12 months before the shares in question were issued, and
- (b) ending with the date of the disposal.
### Qualifying trading companies: the requirements
##### 576B
- (1) The trading requirement is that—
- (a) the company, disregarding any incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, or
- (b) the company is a parent company and the business of the group does not consist wholly or as to a substantial part in the carrying on of non-qualifying activities.
- (2) If the company intends that one or more other companies should become its qualifying subsidiaries with a view to their carrying on one or more qualifying trades—
- (a) the company is treated as a parent company for the purposes of subsection (1)(b), and
- (b) the reference in subsection (1)(b) to the group includes the company and any existing or future company that will be its qualifying subsidiary after the intention in question is carried into effect.
This subsection does not apply at any time after the abandonment of that intention.
- (3) For the purpose of subsection (1)(b) the business of the group means what would be the business of the group if the activities of the group companies taken together were regarded as one business.
- (4) For the purpose of determining the business of a group, activities are disregarded to the extent that they are activities carried on by a mainly trading subsidiary otherwise than for its main purpose.
- (5) For the purposes of determining the business of a group, activities of a group company are disregarded to the extent that they consist in—
- (a) the holding of shares in or securities of a qualifying subsidiary of the parent company,
- (b) the making of loans to another group company,
- (c) the holding and managing of property used by a group company for the purpose of one or more qualifying trades carried on by a group company, or
- (d) the holding and managing of property used by a group company for the purpose of research and development from which it is intended—
- (i) that a qualifying trade to be carried on by a group company will be derived, or
- (ii) that a qualifying trade carried on or to be carried on by a group company will benefit.
- (6) Any reference in subsection (5)(d)(i) or (ii) to a group company includes a reference to any existing or future company which will be a group company at any future time.
- (7) In this section—
- “*excluded activities*” has the meaning given by section 192 of ITA 2007 read with sections 193 to 199 of that Act,
- “*group*” means a parent company and all its qualifying subsidiaries,
- “*group company*”, in relation to a group, means the parent company or any of its qualifying subsidiaries,
- “*incidental purposes*” means purposes having no significant effect (other than in relation to incidental matters) on the extent of the activities of the company in question,
- “*mainly trading subsidiary*” means a subsidiary which, apart from incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, and any reference to the main purpose of such a subsidiary is to be read accordingly,
- “*non-qualifying activities*” means—excluded activities, andactivities (other than research and development) carried on otherwise than in the course of a trade,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007,
- “*qualifying trade*” has the meaning given by section 189 of that Act,
- “*research and development*” has the meaning given by section 837A.
- (8) In sections 189(1)(b) and 194(4)(c) of ITA 2007 (as applied by subsection (7) for the purposes of the definitions of “excluded activities” and “qualifying trade”) “*period B*” means the continuous period that is relevant for the purposes of section 576A(3).
- (9) In section 195 of ITA 2007 as applied by subsection (7) for the purposes mentioned in subsection (8), references to the issuing company are to be read as references to the company mentioned in subsection (1).
#### Relevant loan interest.
##### 576C
- (1) A company is not regarded as ceasing to meet the trading requirement by reason only of anything done in consequence of the company or any of its subsidiaries being in administration or receivership.
This has effect subject to subsections (2) and (3).
- (2) Subsection (1) applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a result of the company concerned being in administration or receivership,
is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
- (3) A company ceases to meet the trading requirement if before the time that is relevant for the purposes of section 576A(2)—
- (a) a resolution is passed, or an order is made, for the winding up of the company or any of its subsidiaries (or, in the case of a winding up otherwise than under the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989, any other act is done for the like purpose), or
- (b) the company or any of its subsidiaries is dissolved without winding up.
This is subject to subsection (4).
- (4) Subsection (3) does not apply if —
- (a) the winding up is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax, and
- (b) the company continues, during the winding up, to be a trading company.
- (5) References in this section to a company being “in administration” or “in receivership” are to be read in accordance with section 252 of ITA 2007.
##### 576D
- (1) The control element of the requirement is that—
- (a) the company must not control (whether on its own or together with any person connected with it) any company which is not a qualifying subsidiary of the company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (2) The independence element of the requirement is that—
- (a) the company must not—
- (i) be a 51% subsidiary of another company, or
- (ii) be under the control of another company (or of another company and any other person connected with that other company), without being a 51% subsidiary of that other company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (3) This section is subject to section 576J(3).
- (3A) Section 839 (connected persons) applies for the purposes of this section.
- (4) In this section—
- “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable,
- “control” is to be read as follows—in subsection (1)(a), in accordance with section 416(2) to (6),in subsection (2)(a), in accordance with section 840,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
#### Interest ceasing to be relevant loan interest, etc.
#### Interest which never has been relevant loan interest etc.
##### 576E
@@ -32810,9 +32810,9 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Leasing contracts and company reconstructions.
#### Write-off of government investment.
#### Terminal losses.
#### Dealings in commodity futures etc: withdrawal of loss relief.
##### 631A
@@ -32856,7 +32856,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Amounts eligible for group relief: trading losses.
#### Losses etc. which may be surrendered by way of group relief.
#### Computation of gross profits.
@@ -32956,7 +32956,7 @@
### Main provisions
#### Exclusions from section 423.
#### Apportionment of certain income, deductions and interest.
##### 660A
@@ -33042,7 +33042,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Apportionment of asset value increase where line 51 amount decreases
#### Section 432B apportionment: non-participating funds
##### 686A
@@ -33242,13 +33242,13 @@
#### Reduced loss relief for additions to non-profit funds
#### Reduced loss relief for additions to non-profit funds
#### Computation of losses and limitation on relief.
##### 722A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Sections 434AZA and 434AZB: supplementary
#### Additions to non-profit funds: amount of loss reduction
##### 726A
@@ -33276,7 +33276,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Overseas life assurance business.
#### Modifications in relation to BLAGAB group reinsurers
##### 736A
@@ -33456,7 +33456,7 @@
- “*transfer*” means a transfer otherwise than by way of sale.
#### Modification of s. 444BA for mutual or overseas business and for non-resident companies.
#### Equalisation reserves for general business.
##### 737A
@@ -33720,3310 +33720,3310 @@
- (b) they are otherwise directed by the company to perform duties on its behalf in the territory.
#### Taxation in respect of other business: incorporated friendly societies qualifying for exemption.
##### 751AA
- (1) This section applies if—
- (a) an apportionment under section 747(3) falls to be made as regards an accounting period (“*the relevant accounting period*”) of a controlled foreign company,
- (b) the chargeable profits of the controlled foreign company for the relevant accounting period would, apart from this section, include an amount of income in respect of a payment made by another company (“the payer”),
- (c) the amount that the payer brings into account for the purposes of corporation tax in respect of the payment is reduced (in part or in full) by virtue of Part 3 of Schedule 15 to FA 2009 (tax treatment of financing costs and income), and
- (d) a company resident in the United Kingdom (“the UK resident company”) has a relevant interest in the controlled foreign company in the relevant accounting period.
- (2) The UK resident company may make an application to the Commissioners for Her Majesty's Revenue and Customs for the chargeable profits of the controlled foreign company for the relevant accounting period (“the chargeable profits”) to be reduced by an amount (“*the specified amount*”) specified in the application (including to nil).
- (3) If the Commissioners grant the application—
- (a) the chargeable profits are treated as reduced by the specified amount, and
- (b) the controlled foreign company's creditable tax (if any) for that period is treated as reduced by so much of that tax as, on a just and reasonable basis, relates to the reduction in the chargeable profits,
for the purpose of applying section 747(3) to (5) for determining the sum (if any) chargeable on the UK resident company under section 747(4)(a) (but for no other purpose).
- (4) The Commissioners may grant the application only if they are satisfied that the specified amount does not exceed the relevant amount.
- (5) In subsection (4) “*the relevant amount*” means the amount (if any) by which it is just and reasonable that the chargeable profits should be treated as reduced, having regard to the effect of Parts 3 and 4 of Schedule 15 to FA 2009 on amounts brought into account for the purposes of corporation tax by the payer, or any other company.
#### Transfers of other business
##### 751AB
- (1) This section applies if—
- (a) an apportionment under section 747(3) would fall to be made as regards an accounting period (“*the relevant accounting period*”) of a controlled foreign company,
- (b) but for a relevant failure, section 748(1)(ba) or (bb) would have prevented such an apportionment, and
- (c) a company resident in the United Kingdom (“the UK resident company”) has a relevant interest in the controlled foreign company in that period.
- (2) “*Relevant failure*” means—
- (a) in the case of section 748(1)(ba), one or both of the following—
- (i) a failure to satisfy the requirement of paragraph 12E of Schedule 25 (requirement as to company's UK connection) in circumstances where the requirement would be satisfied if the reference in sub-paragraph (3)(a) of that paragraph to 10% were a reference to 50%, and
- (ii) a failure to satisfy the requirement of paragraph 12F of that Schedule (finance income and relevant IP income) in circumstances where the relevant IP income of the controlled foreign company for the accounting period does not exceed 5% of the company's gross income for that period, and
- (b) in the case of section 748(1)(bb), a failure to satisfy the requirement of paragraph 12M of that Schedule (finance income).
- (3) The UK resident company may make an application to the Commissioners for Her Majesty's Revenue and Customs for the chargeable profits of the controlled foreign company for the relevant accounting period (“the chargeable profits”) to be reduced to an amount specified in the application (“*the specified amount*”).
The specified amount may be nil.
- (4) If the Commissioners grant the application—
- (a) the chargeable profits are treated as reduced to the specified amount, and
- (b) the controlled foreign company's creditable tax (if any) for that period is treated as reduced by so much of that tax as, on a just and reasonable basis, relates to the reduction in the chargeable profits,
for the purpose of applying section 747(3) to (5) for determining the sum (if any) chargeable on the UK resident company under section 747(4)(a) (but for no other purpose).
- (5) The Commissioners may grant the application only if—
- (a) they are satisfied that the specified amount is not less than the relevant amount, and
- (b) they have not previously granted an application made by the UK resident company in respect of the relevant accounting period under section 751A or 751AC.
- (6) “*The relevant amount*” means—
- (a) if the relevant failure is within subsection (2)(a), the sum of—
- (i) the excess finance and IP income (if any) for the relevant accounting period, and
- (ii) in a case where there is a failure specified in subsection (2)(a)(i), so much (if any) of the net chargeable profits for that period as are not excluded by subsection (8), and
- (b) if the relevant failure is within subsection (2)(b)—
- (i) the amount (if any) by which the controlled foreign company's finance income for the relevant accounting period exceeds 5% of its gross income for that period, or
- (ii) if that amount is a negligible amount, nil.
- (7) “The excess finance and IP income” for the relevant accounting period means—
- (a) the amount (if any) by which the total of the controlled foreign company's finance income and relevant IP income for that period exceeds 5% of its gross income for that period, or
- (b) if that amount is a negligible amount, nil.
- (8) Net chargeable profits are excluded by this subsection if, and to the extent that, they can reasonably be regarded—
- (a) as representing the net economic value which—
- (i) arises to the appropriate body of persons (taken as a whole), and
- (ii) is created directly by qualifying work, or
- (b) as not being wholly or partly attributable, directly or indirectly, to transactions with persons within the charge to United Kingdom tax.
- (9) In subsection (8)(a) “*qualifying work*” means work which—
- (a) is done in the territory in which the controlled foreign company is resident, and
- (b) is done in that territory by individuals working for the controlled foreign company there.
- (10) A transaction with a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there is within subsection (8)(b) only if the transaction is attributable to activities carried on through that establishment.
- (11) For the purposes of subsections (8) and (9)—
- (a) section 751A(5), (6) and (9) applies as it applies for the purposes of the equivalent provisions of section 751A, and
- (b) paragraph 5(2) to (5) of Schedule 25 (residence of controlled foreign company) applies as it applies in relation to Part 2 of that Schedule.
- (12) In this section—
- “*finance income*” has the meaning given by paragraph 12F(3) of Schedule 25 (with references to C read as references to the controlled foreign company);
- “*relevant IP income*” has the meaning given by paragraph 12F(4) of that Schedule;
- “*net chargeable profits*” means chargeable profits excluding so much of those profits as is directly attributable to the finance income or relevant IP income of the controlled foreign company;
- “*UK-connected gross income*” has the same meaning as in paragraph 12E of Schedule 25;
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G of that Schedule (gross income) applies for the purposes of this section as it applies for the purposes of Part 2A of that Schedule (with references to C read as references to the controlled foreign company).
#### Life or endowment business: application of the Corporation Tax Acts.
##### 751AC
- (1) This section applies if—
- (a) an exempt period in relation to a controlled foreign company ends in accordance with paragraph 15F(2) of Schedule 25 (time exempt period ends if there is an early termination event), other than by reason of an early termination event within paragraph 15F(3)(b),
- (b) an accounting period (“*the relevant accounting period*”) of the company ends after that exempt period but before the time the exempt period would have ended had paragraph 15F(2) of that Schedule not applied,
- (c) an apportionment under section 747(3) would fall to be made as regards the relevant accounting period, and
- (d) a company resident in the United Kingdom (“the UK resident company”) has a relevant interest in the controlled foreign company in that period.
- (2) The UK resident company may make an application to the Commissioners for Her Majesty's Revenue and Customs for the chargeable profits of the controlled foreign company for that accounting period (“the chargeable profits”) to be reduced to an amount (“*the specified amount*”) specified in the application (which may be nil).
- (3) If the Commissioners grant the application—
- (a) the chargeable profits are treated as reduced to the specified amount, and
- (b) the controlled foreign company's creditable tax (if any) for that period is treated as reduced by so much of that tax as, on a just and reasonable basis, relates to the reduction in the chargeable profits,
for the purpose of applying section 747(3) to (5) for determining the sum (if any) chargeable on the UK resident company under section 747(4)(a) (but for no other purpose).
- (4) The Commissioners may grant the application only if—
- (a) they are satisfied that the specified amount is not less than the relevant amount, and
- (b) they have not previously granted an application made by the UK resident company in respect of the relevant accounting period under section 751A or 751AB.
- (5) “*The relevant amount*” means the amount (if any) equal to so much of the chargeable profits as it is just and reasonable to regard as referable to—
- (a) the relevant transaction which triggered the end of the exempt period, or
- (b) any later relevant transaction occurring before the time the exempt period would have ended had paragraph 15F(2) of Schedule 25 not applied.
- (6) “*Relevant transaction*” has the meaning given by paragraph 15E of Schedule 25 (and it does not matter if the transaction occurs pursuant to an agreement entered into by the controlled foreign company before the relevant time (within the meaning of paragraph 15G of that Schedule)).
#### Taxation in respect of other business.
##### 751B
- (1) An application by a company under section 751A—
- (a) must be made in such form as the HMRC Commissioners may determine,
- (b) must be accompanied by such documents (or copies of documents) in the company's possession or power as those Commissioners may reasonably require for the purpose of determining whether to grant the application, and
- (c) must contain such information as those Commissioners may reasonably require for that purpose.
- (2) An application by a company under section 751A—
- (a) may be made at any time on or before the filing date (within the meaning of Schedule 18 to the Finance Act 1998) for the relevant company tax return of the company, and
- (b) may be amended or withdrawn at any time before the application is determined by those Commissioners.
- (3) If an application by a company under section 751A is granted after the company has delivered its relevant company tax return, it has 30 days beginning with the day on which the application is granted in which to amend that return to give effect to section 751A.
- (4) The time limits otherwise applicable to an amendment of a company tax return do not prevent an amendment being made under subsection (3).
- (5) If the HMRC Commissioners refuse an application by a company under section 751A, the company may appeal to the Special Commissioners against the refusal.
- (6) Notice of an appeal must be given in writing to the HMRC Commissioners within 30 days after the application is refused.
- (7) On an appeal—
- (a) if the Special Commissioners are satisfied that the relevant amount is a different amount from the amount specified in the application, they must direct the HMRC Commissioners to grant the application as if the amount specified in it were that different amount,
- (b) if the Special Commissioners are satisfied that the relevant amount is the amount specified in the application, they must direct the HMRC Commissioners to grant the application, and
- (c) in any other case, the Special Commissioners must confirm the refusal.
- (8) For the purposes of subsection (7) “*the relevant amount*” means the amount (if any) equal to so much of the chargeable profits mentioned in subsection (4) of section 751A as can reasonably be regarded as representing the value mentioned in that subsection.
- (9) Part 5 of the Management Act (appeals against assessments to tax), apart from section 50, applies in relation to an appeal under this section as it applies in relation to an appeal against an assessment to tax.
- (10) In this section “*relevant company tax return*”, in relation to a company, means the return for the accounting period for which—
- (a) any sum is chargeable on the company under section 747(4)(a), or
- (b) any sum would be so chargeable but for section 751A,
in respect of the chargeable profits of the controlled foreign company for the accounting period mentioned in section 751A(1).
- (11) In this section “*the HMRC Commissioners*” means the Commissioners for Her Majesty's Revenue and Customs.
#### Taxation in respect of other business: incorporated friendly societies etc.
##### 751AA
##### 752A
- (1) This section has effect for the purpose of determining for the purposes of this Chapter who has a relevant interest in a controlled foreign company at any time; and references in this Chapter to relevant interests shall be construed accordingly.
- (2) A UK resident company which has a direct or indirect interest in a controlled foreign company has a relevant interest in the company by virtue of that interest unless subsection (3) below otherwise provides.
- (3) A UK resident company which has an indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest if it has the interest by virtue of having a direct or indirect interest in another UK resident company.
- (4) A related person who has a direct or indirect interest in a controlled foreign company has a relevant interest in the company by virtue of that interest unless subsection (5) or (6) below otherwise provides.
- (5) A related person who has an indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest if he has the interest by virtue of having a direct or indirect interest in—
- (a) a UK resident company; or
- (b) another related person.
- (6) A related person who has a direct or indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest to the extent that a UK resident company—
- (a) has the whole or any part of the same interest indirectly, by virtue of having a direct or indirect interest in the related person, and
- (b) by virtue of that indirect interest in the controlled foreign company, has a relevant interest in the company by virtue of subsection (2) above.
- (7) A person who—
- (a) has a direct interest in a controlled foreign company, but
- (b) does not by virtue of subsections (2) to (6) above have a relevant interest in the company by virtue of that interest,
has a relevant interest in the company by virtue of that interest unless subsection (8) below otherwise provides.
- (8) A person does not by virtue of subsection (7) above have a relevant interest in a controlled foreign company by virtue of having a direct interest in the company to the extent that another person—
- (a) has the whole or any part of the same interest indirectly, and
- (b) by virtue of that indirect interest, has a relevant interest in the company by virtue of subsections (2) to (6) above.
- (9) No person has a relevant interest in a controlled foreign company otherwise than as provided by subsections (2) to (8) above.
- (10) In this section—
- “*related person*” means a person who—is not a UK resident company, butis connected or associated with a UK resident company which has by virtue of subsection (2) above a relevant interest in the controlled foreign company in question;
- “*UK resident company*” means a company resident in the United Kingdom.
##### 752B
- (1) For the purposes of section 752(3) above, where a person has a relevant interest in a controlled foreign company by virtue of indirectly holding issued ordinary shares of the company, the percentage of the issued ordinary shares of the company which the relevant interest represents is equal to—
$$P×S$where—P is the product of the appropriate fractions of that person and each of the share-linked companies through which he indirectly holds the shares in question, other than the lowest share-linked company; andS is the percentage of issued ordinary shares of the controlled foreign company which is held directly by the lowest share-linked company.$
- (2) In subsection (1) above and this subsection—
- “the appropriate fraction", in the case of a person who directly holds ordinary shares of a share-linked company, means that fraction of the issued ordinary shares of that company which his holding represents;
- “*the lowest share-linked company*”, in relation to a person who indirectly holds ordinary shares of a controlled foreign company, means the share-linked company which directly holds the shares in question;
- “*share-linked company*” means a company which is share-linked to the controlled foreign company in question.
- (3) Where a person has different indirect holdings of shares of the controlled foreign company (as in a case where different shares are held through different companies which are share-linked to the controlled foreign company)—
- (a) subsection (1) above shall apply separately in relation to the different holdings with any necessary modifications; and
- (b) for the purposes of section 752(3) above the percentage of the issued ordinary shares of the company which the relevant interest represents is the aggregate of the percentages resulting from those separate applications.
- (4) Where, for the purposes of subsection (3) of section 752, the percentage of the issued ordinary shares of the controlled foreign company which a person directly or indirectly holds varies during the relevant accounting period, he shall be treated for the purposes of that subsection as holding throughout that period that percentage of the issued ordinary shares of the company which is equal to the sum of the relevant percentages for each holding period in the relevant accounting period.
- (5) For the purposes of subsection (4) above—
- “holding period", in the case of any person, means a part of the relevant accounting period during which the percentage of the issued ordinary shares of the controlled foreign company which the person holds (whether directly or indirectly) remains the same;
- “the relevant percentage", in the case of a holding period, means the percentage equal to—$P×HA$where—P is the percentage of the issued ordinary shares of the controlled foreign company which the person in question directly or indirectly holds in the holding period, as calculated in accordance with subsections (1) to (3) above so far as applicable;H is the number of days in the holding period; andA is the number of days in the relevant accounting period.
##### 752C
- (1) In this section “*the relevant provisions*” means sections 752 to 752B and this section.
- (2) For the purposes of the relevant provisions—
- (a) a person has a direct interest in a company if (and only if) he has an interest in the company otherwise than by virtue of having an interest in another company;
- (b) a person has an indirect interest in a company if (and only if) he has an interest in the company by virtue of having an interest in another company;
- (c) a person indirectly holds shares of a controlled foreign company if (and only if) he directly holds ordinary shares of a company which is share-linked to the controlled foreign company.
- (3) For the purposes of the relevant provisions, a company is “share-linked" to a controlled foreign company if it has an interest in the controlled foreign company only by virtue of directly holding ordinary shares—
- (a) of the controlled foreign company, or
- (b) of the controlled foreign company or of one or more companies which are share-linked to the controlled foreign company by virtue of paragraph (a) above, or
- (c) of the controlled foreign company or of one or more companies which are share-linked to the controlled foreign company by virtue of paragraph (a) or (b) above,
and so on.
- (4) For the purposes of the relevant provisions, a company (“company A") has an intermediate interest in a controlled foreign company if (and only if)—
- (a) it has a direct or indirect interest in the controlled foreign company; and
- (b) one or more other persons have relevant interests in the controlled foreign company by virtue of having a direct or indirect interest in company A.
- (5) Any interest or shares held by a nominee or bare trustee shall be treated for the purposes of the relevant provisions as held by the person or persons for whom the nominee or bare trustee holds the interest or shares.
- (6) Where—
- (a) an interest in a controlled foreign company is held in a fiduciary or representative capacity, and
- (b) subsection (5) above does not apply, but
- (c) there are one or more identifiable beneficiaries,
the interest shall be treated for the purposes of the relevant provisions as held by that beneficiary or, as the case may be, as apportioned on a just and reasonable basis among those beneficiaries.
- (7) In the relevant provisions—
- “*bare trustee*” means a person acting as trustee—for a person absolutely entitled as against the trustee; orfor any person who would be so entitled but for being a minor or otherwise under a disability; orfor two or more persons who are or would, but for all or any of them being a minor or otherwise under a disability, be jointly so entitled;
- “ordinary shares", in the case of any company, means shares of a single class, however described, which is the only class of shares issued by the company;
- “*the relevant accounting period*” means the accounting period mentioned in section 752(1);
- “*share*” includes a reference to a fraction of a share.
##### 754A
- (1) This section applies where—
- (a) a company resident in the United Kingdom (“the UK company") has an interest in a controlled foreign company at any time during an accounting period of the controlled foreign company;
- (b) the UK company delivers a company tax return; and
- (c) at the time when the UK company delivers the company tax return, it is not established whether or not the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period.
- (2) If the UK company is of the opinion that the controlled foreign company is likely to pursue an acceptable distribution policy in relation to the accounting period, the UK company shall make the company tax return on the basis that the accounting period of the controlled foreign company is one in relation to which the controlled foreign company pursues such a policy.
- (3) If the UK company is not of the opinion that the controlled foreign company is likely to pursue an acceptable distribution policy in relation to the accounting period, the UK company shall make the company tax return on the basis that the accounting period of the controlled foreign company is one in relation to which the controlled foreign company does not pursue such a policy.
- (4) In any case where—
- (a) the UK company acts in pursuance of subsection (2) above, but
- (b) it becomes established that the controlled foreign company has not pursued an acceptable distribution policy in relation to the accounting period,
the UK company shall amend the company tax return on the basis that the accounting period is not one in relation to which the controlled foreign company pursues an acceptable distribution policy.
- (5) In any case where—
- (a) the UK company acts in pursuance of subsection (3) above, but
- (b) it becomes established that the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period,
the UK company shall amend the company tax return on the basis that the accounting period is one in relation to which the controlled foreign company pursues an acceptable distribution policy.
- (6) Any amendment required to be made to the company tax return by virtue of subsection (4) or (5) above (“*an ADP amendment*”) shall be made by the UK company before the expiration of the period of 30 days next following the end of the period allowed for establishing an ADP in relation to the accounting period of the controlled foreign company.
- (7) Subject to subsection (8) below, the making of any ADP amendment is subject to, and must be in accordance with, the other provisions of the Corporation Tax Acts as they apply for the purposes of this Chapter.
- (8) The time limits otherwise applicable to amendment of a company tax return do not apply to an ADP amendment.
- (9) A company which fails to make an ADP amendment required by subsection (4) above within the time allowed for doing so shall be liable to a tax-related penalty under paragraph 20 of Schedule 18 to the Finance Act 1998 (penalty, not exceeding amount of tax understated, for incorrect or uncorrected return).
- (10) For the purposes of this section, if it has not previously been established whether or not the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period, it shall be taken to be established immediately after the end of the period allowed for establishing an ADP in relation to that accounting period.
- (11) In this section, “*the period allowed for establishing an ADP*” means, in relation to an accounting period of a controlled foreign company, the period ending with the expiration of—
- (a) subject to paragraph (b) below, the period of eighteen months next following the end of the accounting period; or
- (b) if the Board have, in the case of the accounting period, allowed further time under paragraph 2(1)(b) of Schedule 25, the further time so allowed.
- (12) In this section any reference to a controlled foreign company pursuing an acceptable distribution policy in relation to an accounting period shall be construed in accordance with Part I of Schedule 25.
##### 754B
- (1) This section has effect where a determination requiring the Board’s sanction is made for any of the following purposes, that is to say—
- (a) the giving of a closure notice; or
- (b) the making of a discovery assessment.
- (2) If the closure notice or, as the case may be, notice of the discovery assessment is given to any person without—
- (a) the determination, so far as it is taken into account in the closure notice or the discovery assessment, having been approved by the Board, or
- (b) notification of the Board’s approval having been served on that person at or before the time of the giving of the notice,
the closure notice or, as the case may be, the discovery assessment shall be deemed to have been given or made (and in the case of an assessment notified) in the terms (if any) in which it would have been given or made had that determination not been taken into account.
- (3) A notification under subsection (2)(b) above—
- (a) must be in writing;
- (b) must state that the Board have given their approval on the basis that—
- (i) an amount of chargeable profits, and
- (ii) an amount of creditable tax (which may be nil),
for the accounting period of the controlled foreign company in question fall to be apportioned under section 747(3) to the person in question;
- (c) must state the amounts mentioned in sub-paragraphs (i) and (ii) of paragraph (b) above; and
- (d) subject to paragraphs (a) to (c) above, may be in such form as the Board may determine.
- (4) For the purposes of this section, the Board’s approval of a determination requiring their sanction—
- (a) must be given specifically in relation to the case in question and must apply to the amount determined; but
- (b) subject to that, may be given by the Board (either before or after the making of the determination) in any such form or manner as they may determine.
- (5) In this section references to a determination requiring the Board’s sanction are references (subject to subsection (6) below) to any determination of the amount of chargeable profits or creditable tax for an accounting period of a controlled foreign company which falls to be apportioned to a particular person under section 747(3).
- (6) For the purposes of this section, a determination shall be taken, in relation to a closure notice or a discovery assessment, not to be a determination requiring the Board’s sanction if—
- (a) an agreement about the relevant amounts has been made between an officer of the Board and the person in whose case it is made;
- (b) that agreement is in force at the time of the giving of the closure notice or, as the case may be, notice of the assessment; and
- (c) the matters to which the agreement relates include the amount determined.
- (7) In paragraph (a) of subsection (6) above, “*the relevant amounts*” means—
- (a) the amount of chargeable profits, and
- (b) the amount of creditable tax (which may be nil),
for the accounting period of the controlled foreign company in question which fall to be apportioned under section 747(3) to the person mentioned in that paragraph.
- (8) For the purposes of subsection (6) above an agreement made between an officer of the Board and any person (“the taxpayer") in relation to any matter shall be taken to be in force at any time if, and only if—
- (a) the agreement is one which has been made or confirmed in writing;
- (b) that time is after the end of the period of thirty days beginning—
- (i) in the case of an agreement made in writing, with the day of the making of the agreement, and
- (ii) in any other case, with the day of the agreement’s confirmation in writing; and
- (c) the taxpayer has not, before the end of that period of thirty days, served a notice on an officer of the Board stating that he is repudiating or resiling from the agreement.
- (9) The references in subsection (8) above to the confirmation in writing of an agreement are references to the service on the taxpayer by an officer of the Board of a notice—
- (a) stating that the agreement has been made; and
- (b) setting out the terms of the agreement.
- (10) The matters that may be questioned on so much of any appeal by virtue of any provision of the Management Act or Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters) as relates to a determination the making of which has been approved by the Board for the purposes of this section shall not include the Board’s approval, except to the extent that the grounds for questioning the approval are the same as the grounds for questioning the determination itself.
- (11) In this section—
- “*closure notice*” means a notice under paragraph 32 of Schedule 18 to the Finance Act 1998 (completion of enquiry and statement of conclusions);
- “*discovery assessment*” means a discovery assessment or discovery determination under paragraph 41 of that Schedule (including an assessment by virtue of paragraph 52 of that Schedule).
##### 755A
- (1) This section applies in any case where—
- (a) an amount (“the apportioned profit") of a controlled foreign company’s chargeable profits for an accounting period falls to be apportioned under section 747(3) to a company resident in the United Kingdom (“the UK company");
- (b) the UK company carries on life assurance business in that one of its accounting periods (“the relevant accounting period") in which ends the accounting period of the controlled foreign company; and
- (c) the property or rights which represent the UK company’s relevant interest in the controlled foreign company constitute to any extent assets of the UK company’s long-term insurance fund.
- (2) Subsections (3) and (4) below apply if, in the case of the relevant accounting period, the UK company is charged to tax under the I minus E basis in respect of life assurance business.
- (3) Where this subsection applies, the “*appropriate rate*” for the purposes of section 747(4)(a) and paragraph 1 of Schedule 26 in relation to the policy holders’ part of any BLAGAB apportioned profit shall be—
- (a) if a single rate of tax under section 88(1) of the Finance Act 1989 (lower corporation tax rate on certain insurance company profits) is applicable in relation to the relevant accounting period, that rate; or
- (b) if more than one such rate of tax is applicable in relation to the relevant accounting period, the average of those rates over the whole of that period.
- (4) Where this subsection applies, the “*appropriate rate*” for the purposes of section 747(4)(a) and paragraph 1 of Schedule 26 shall be nil in relation to so much of the apportioned profit as is referable to gross roll-up business carried on by the UK company.
- (4A) In any case where—
- (a) paragraph 4 of Schedule 26 to this Act applies to a dividend received by the UK company, and
- (b) but for this subsection, subsection (4) of section 804B of this Act would apply to that dividend,
the amount of credit for foreign tax in respect of that dividend shall be treated, for the purposes of that section, as wholly attributable to basic life assurance and general annuity business.
- (5) If, in the case of the relevant accounting period, the UK company is charged to tax under Case I of Schedule D in respect of its profits from life assurance business, the “*appropriate rate*” for the purposes of—
- (a) section 747(4)(a), and
- (b) paragraph 1 of Schedule 26,
shall be nil in relation to so much of the apportioned profit as is referable to the UK company’s relevant interest so far as represented by assets of its long-term insurance fund.
- (6) If, in the case of the relevant accounting period,—
- (a) the UK company is charged to tax under the I minus E basis in respect of life assurance business,
- (b) any creditable tax of the controlled foreign company falls to be apportioned to the UK company, and
- (c) the apportioned profit is to any extent referable to gross roll-up business,
so much of the creditable tax so apportioned as is attributable to the apportioned profit so far as so referable shall be left out of account for the purposes of this Chapter, other than section 747(3) and this section, and shall be treated as extinguished.
- (7) If, in the case of the relevant accounting period,—
- (a) the UK company is charged to tax under Case I of Schedule D in respect of its profits from life assurance business, and
- (b) any creditable tax of the controlled foreign company falls to be apportioned to the UK company,
so much of the creditable tax so apportioned as is attributable to so much of the apportioned profit as is referable to the UK company’s relevant interest so far as represented by assets of the UK company’s long-term insurance fund shall be left out of account for the purposes of this Chapter, other than section 747(3) and this section, and shall be treated as extinguished.
- (8) Any set off under paragraph 1 . . . of Schedule 26 against the UK company’s liability to tax under section 747(4)(a) in respect of the apportioned profit shall be made against only so much of that liability as is attributable to the eligible part of the apportioned profit.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) For the purposes of this section, the “eligible part" of the apportioned profit is any BLAGAB apportioned profit, other than the policy holders’ part.
- (11) For the purposes of this section the policy holders' part of any BLAGAB apportioned profit is—
- (a) where subsection (11A) below applies, the whole of that profit, and
- (b) in any other case, the relevant fraction (within the meaning of subsection (11B) below) of that profit.
- (11A) This subsection applies if—
- (a) the UK company’s life assurance business is mutual business,
- (b) the policy holders' share of the UK company’s relevant profits for the relevant accounting period is equal to all those profits, or
- (c) the policy holders' share of the UK company’s relevant profits for the relevant accounting period is more than its BLAGAB profits for that period.
- (11B) The relevant fraction for the purposes of subsection (11)(b) above is the fraction arrived at by dividing—
- (a) the policy holders' share of the UK company’s relevant profits for the relevant accounting period, by
- (b) the UK company’s BLAGAB profits for that period.
- (11C) In subsections (11A) and (11B) above—
- (a) references to the policy holders' share of the UK company’s share of the relevant profits are to be construed in accordance with sections 88(3) and 89 of the Finance Act 1989, and
- (b) references to the UK company’s BLAGAB profits are to be construed in accordance with section 89(1B) of that Act.
- (12) In this section—
- “*BLAGAB apportioned profit*” means so much of the apportioned profit as is referable to basic life assurance and general annuity business carried on by the UK company;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (13) For the purposes of this section, the part of the apportioned profit which is referable to—
- (a) basic life assurance and general annuity business, or
- (ba) gross roll-up business,
carried on by the UK company is the part which would have been so referable under section 432A had the apportioned profit been a dividend paid to the UK company at the end of the accounting period mentioned in subsection (1)(a) above in respect of the property or rights which represent the UK company’s relevant interest in the controlled foreign company.
- (14) For the purposes of this section, any attribution of creditable tax to a particular part of the apportioned profit shall be made in the proportion which that part of the apportioned profit bears to the whole of the apportioned profit.
##### 755B
- (1) This section applies where—
- (a) a controlled foreign company carries on general insurance business in an accounting period;
- (b) an amount of the company’s chargeable profits, and an amount of its creditable tax (if any), for that accounting period falls to be apportioned under section 747(3) to a company resident in the United Kingdom (“the UK company");
- (c) the UK company delivers a company tax return for that one of its accounting periods in which the controlled foreign company’s accounting period ends; and
- (d) in making or amending the return, the UK company has regard to accounts of the controlled foreign company drawn up using a method falling within subsection (2) below.
- (2) The methods which fall within this subsection are—
- (a) the method described in paragraph 52 of Schedule 9A to the Companies Act 1985 (which provides for a technical provision to be made in the accounts which is later replaced by a provision for estimated claims outstanding); and
- (b) any method which would have fallen within paragraph (a) above, had final replacement of the technical provision, as described in sub-paragraph (4) of paragraph 52 of that Schedule, taken place, and been required to take place, no later than the end of the year referred to in that sub-paragraph as the third year following the underwriting year.
- (3) Where this section applies—
- (a) the UK company may make any amendments of its company tax return arising from the replacement of the technical provision in the controlled foreign company’s accounts at any time within twelve months from the date on which the provision was replaced; and
- (b) notice of intention to enquire into the return under paragraph 24 of Schedule 18 to the Finance Act 1998 may be given at any time up to two years from that date (or at any later time in accordance with the general rule in sub-paragraph (3) of that paragraph).
- (4) If, in a case where this section applies, the accounts of the controlled foreign company are drawn up using a method falling within paragraph (b) of subsection (2) above—
- (a) the controlled foreign company, and
- (b) any person with an interest in the controlled foreign company,
shall be treated for the purposes of this section as if final replacement of the technical provision, as described in sub-paragraph (4) of paragraph 52 of Schedule 9A to the Companies Act 1985, had taken place at, and been required to take place no later than, the end of the year referred to in that sub-paragraph as the third year following the underwriting year.
- (5) Regulations under section 755C may make provision with respect to the determination of the amount of the provision by which the technical provision is to be treated as replaced in cases falling within subsection (4) above.
- (6) In this section “general insurance business” means business which consists of the effecting or carrying out of contracts which fall within Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
##### 755C
- (1) The Treasury may by regulations provide for the provisions of this Chapter to have effect with prescribed modifications in any case where a non-resident company—
- (a) carries on general insurance business; and
- (b) draws up accounts relating to that business using a method falling within subsection (2) of section 755B.
- (2) Regulations under subsection (1) above may—
- (a) make different provision for different cases;
- (b) make provision having effect in relation to accounting periods of non-resident companies ending not more than one year before the date on which the regulations are made; and
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit.
- (3) In this section—
- “*general insurance business*” has the same meaning as in section 755B;
- “*non-resident company*” means a company resident outside the United Kingdom;
- “*prescribed*” means prescribed in regulations under this section.
##### 755D
- (1) For the purposes of this Chapter “control", in relation to a company, means the power of a person to secure—
- (a) by means of the holding of shares or the possession of voting power in or in relation to the company or any other company, or
- (b) by virtue of any powers conferred by the articles of association or other document regulating the company or any other company,
that the affairs of the company are conducted in accordance with his wishes.
- (2) Where two or more persons, taken together, have the power mentioned in subsection (1) above, they shall be taken for the purposes of this Chapter to control the company.
- (3) The 40 per cent test in this subsection is satisfied in the case of one of two persons who, taken together, control a company if that one of them has interests, rights and powers representing at least 40 per cent of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the company.
- (4) The 40 per cent test in this subsection is satisfied in the case of one of two persons who, taken together, control a company if that one of them has interests, rights and powers representing—
- (a) at least 40 per cent, but
- (b) not more than 55 per cent,
of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the company.
- (5) For the purposes of this Chapter any question—
- (a) whether a company is controlled by a person, or by two or more persons taken together, or
- (b) whether, in the case of any company, the applicable 40 per cent test is satisfied in the case of each of two persons who, taken together, control the company,
shall be determined after attributing to each of the persons all the rights and powers mentioned in subsection (6) below that are not already attributed to that person for the purposes of subsections (1) to (4) above.
- (6) The rights and powers referred to in subsection (5) above are—
- (a) rights and powers which the person is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of other persons, to the extent that they are rights or powers falling within subsection (7) below;
- (c) if the person is resident in the United Kingdom, rights and powers of any person who is resident in the United Kingdom and connected with the person; and
- (d) if the person is resident in the United Kingdom, rights and powers which for the purposes of subsection (5) above would be attributed to a person who is resident in the United Kingdom and connected with the person (a “*UK connected person*”) if the UK connected person were himself the person.
- (7) Rights and powers fall within this subsection to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the person;
- (ii) under the direction of the person; or
- (iii) for the benefit of the person; and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (8) In subsections (6)(b) to (d) and (7) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (9) In paragraph (d) of subsection (6) above, the reference to rights and powers which would be attributed to a UK connected person if he were the person includes a reference to rights and powers which, by applying that paragraph wherever one person resident in the United Kingdom is connected with another person, would be so attributed to him through a number of persons each of whom is resident in the United Kingdom and connected with at least one of the others.
- (10) In determining for the purposes of this section whether one person is connected with another in relation to a company, subsection (7) of section 839 shall be disregarded.
- (11) References in this section—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
### Meaning of offshore fund
#### Conditions for tax exempt business.
##### 756A
- (1) In this Chapter references to an offshore fund are to a collective investment scheme constituted by—
- (a) a company that is resident outside the United Kingdom, or
- (b) a unit trust scheme the trustees of which are not resident in the United Kingdom, or
- (c) arrangements not falling within paragraph (a) or (b) taking effect by virtue of the law of a territory outside the United Kingdom and which under that law create rights in the nature of co-ownership (without restricting that expression to its meaning in the law of any part of the United Kingdom).
- (2) Subsection (1) has effect subject to—
- section 756B (treatment of umbrella funds), and
- section 756C (treatment of funds comprising more than one class of interest).
- (3) In this section “*collective investment scheme*” means any arrangements which are a collective investment scheme for the purposes of Part 17 of the Financial Services and Markets Act 2000 (see section 235 of that Act and orders made under subsection (5) of that section) or would be if the words “, within a period appearing to him to be reasonable,” were omitted from section 236(3)(a) of that Act.
- (4) But the reference to offshore funds in section 760(3)(a) does not include any arrangements which are not a collective investment scheme for the purposes of that Part of that Act.
### Treatment of umbrella funds
##### 756B
- (1) In this Chapter, an “*umbrella fund*” means an offshore fund—
- (a) which provides arrangements for separate pooling of the contributions of the participants and the profits or income out of which payments are made to them; and
- (b) under which the participants are entitled to exchange rights in one pool for rights in another;
and references in this Chapter to a part of an umbrella fund are to such of the arrangements as relate to a separate pool.
- (2) For the purposes of this Chapter (except subsection (1))—
- (a) each part of an umbrella fund shall be regarded as a separate offshore fund, and
- (b) the umbrella fund as a whole shall not be regarded as an offshore fund.
- (3) In this Chapter, in relation to a part of an umbrella fund—
- (a) a reference to the assets of an offshore fund is to such of the assets of the umbrella fund as under the arrangements form part of the separate pool to which that part of the umbrella fund relates;
- (b) a reference to the income of an offshore fund is to the income arising from those assets;
- (c) a reference to a person having an interest in an offshore fund is to a person for the time being having an interest in that separate pool; and
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the umbrella fund being a non-qualifying fund.
### Treatment of funds comprising more than one class of interest
##### 756C
- (1) For the purposes of this Chapter where there is more than one class of interest in an offshore fund (the “*main fund*”)—
- (a) each class of interest shall be regarded as a separate offshore fund, and
- (b) the main fund shall not be regarded as an offshore fund.
- (2) In this section, references to a class of interest in an offshore fund do not include—
- (a) a part of an umbrella fund which is regarded as an offshore fund by virtue of section 756B, or
- (b) a class of interest in an offshore fund which by virtue of section 759(5), (6) or (8) is not a material interest in the fund.
- (3) In this Chapter, in relation to a class of interest in an offshore fund—
- (a) a reference to the assets of an offshore fund is to the assets of the main fund;
- (b) a reference to the income of an offshore fund is to such of the income of the main fund as is attributable to interests of that class under the arrangements constituting the main fund;
- (c) a reference to a person having an interest in an offshore fund is to a person for the time being having an interest of that class; and
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the main fund being a non-qualifying fund.
#### Maximum benefits payable to members.
##### 762ZA
- (1) Chapter 2 of Part 13 of ITA 2007 (transfer of assets abroad) applies in relation to an offshore income gain arising to a person resident or domiciled outside the United Kingdom as if the offshore income gain were income becoming payable to the person.
- (2) Income treated as arising under that Chapter by virtue of subsection (1) is regarded as “*foreign*” for the purposes of section 726, 730 or 735 of that Act.
- (3) Subsection (1) does not apply in relation to an offshore income gain if (and to the extent that) it is treated, by virtue of section 762(1), as arising to a person resident or ordinarily resident in the United Kingdom.
- (4) The following provisions apply if section 762(2) applies in relation to an offshore income gain (“the relevant offshore income gain”).
- (5) If—
- (a) by virtue of section 762(3) an offshore income gain is treated as arising in a tax year to a person resident or ordinarily resident in the United Kingdom, and
- (b) it is so treated by reason of the relevant offshore income gain (or part of it),
for that and subsequent tax years subsection (1) does not apply in relation to the relevant offshore income gain (or that part).
- (6) If, by virtue of subsection (1) as it applies in relation to the relevant offshore income gain, income is treated under Chapter 2 of Part 13 of ITA 2007 as arising in a tax year, reduce (with effect from the following tax year) the OIG amount in question by the amount of the income.
##### 762ZB
- (1) This section applies to income treated as arising under section 761(1) to an individual in a tax year if—
- (a) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for that year, and
- (b) the individual is not domiciled in the United Kingdom in that year.
- (2) Treat the income as relevant foreign income of the individual.
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis)—
- (a) treat any consideration obtained on the disposal of the asset as deriving from the income, and
- (b) unless the consideration so obtained is of an amount equal to the market value of the asset, treat the asset as deriving from the income.
- (4) In subsection (3)—
- (a) “*the asset*” means the asset the disposal of which causes the income to be treated as arising, and
- (b) “*the disposal*” means the disposal mentioned in paragraph (a).
##### 762A
- (1) This section applies where—
- (a) classes of interest in an offshore fund (the “*main fund*”) are treated as separate offshore funds under section 756C; and
- (b) as the result of—
- (i) a reorganisation within the meaning of section 126 of the 1992 Act, or
- (ii) a conversion of securities within the meaning of section 132 of that Act,
a person exchanges an interest of one class (A) in the main fund for an interest of another class (B) in that fund.
- (2) Where—
- (a) the interest of class A—
- (i) is at the time of the exchange an interest in a non-qualifying offshore fund, or
- (ii) has been an interest in such a fund at any material time, and
- (b) the interest of class B is at the time of the exchange an interest in a fund which is certified by the Board as a distributing offshore fund,
section 127 of the 1992 Act (equation of original shares and new holding) shall not prevent the exchange constituting a disposal for the purposes of this Chapter.
- (3) Any such disposal shall be treated as a disposal for a consideration equal to the market value of the rights at the time of the exchange.
- (4) In this section—
- “*class of interest*” has the same meaning as in section 756C(1);
- “*material time*” has the same meaning as in section 757.
##### 765A
- (1) Section 765(1) shall not apply to a transaction which is a movement of capital to which Article 1 of the Directive of the Council of the European Communities dated 24th June 1988 No. [88/361/EEC](https://www.legislation.gov.uk/european/directive/1988/0361) applies.
- (2) Where if that Article did not apply to it a transaction would be unlawful under section 765(1), the body corporate in question (that is to say, the body corporate resident in the United Kingdom) shall—
- (a) give to the Board within six months of the carrying out of the transaction such information relating to the transaction, or to persons connected with the transaction, as regulations made by the Board may require, and
- (b) where notice is given to the body corporate by the Board, give to the Board within such period as is prescribed by regulations made by the Board (or such longer period as the Board may in the case allow) such further particulars relating to the transaction, to related transactions, or to persons connected with the transaction or related transactions, as the Board may require.
#### Exemption for trade unions and employers’ associations.
##### 767A
- (1) Where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“*the tax-payer company*”),
- (b) any corporation tax assessed on the tax-payer company for an accounting period beginning before the change remains unpaid at any time after the relevant date, and
- (c) any of the three conditions mentioned below is fulfilled,
any person mentioned in subsection (2) below may be assessed by the Board and charged (in the name of the tax-payer company) to an amount of corporation tax in accordance with this section.
- (2) The persons are—
- (a) any person who at any time during the relevant period before the change in the ownership of the tax-payer company had control of it;
- (b) any company of which the person mentioned in paragraph (a) above has at any time had control within the period of three years before that change.
- (3) In subsection (2) above, “*the relevant period*” means—
- (a) the period of three years before the change in the ownership of the tax-payer company; or
- (b) if during the period of three years before that change (“*the later change*”) there was a change in the ownership of the tax-payer company (“*the earlier change*”), the period elapsing between the earlier change and the later change.
- (4) The first condition is that—
- (a) at any time during the period of three years before the change in the ownership of the tax-payer company the activities of a trade or business of that company cease or the scale of those activities become small or negligible; and
- (b) there is no significant revival of those activities before that change occurs.
- (5) The second condition is that at any time after the change in the ownership of the tax-payer company, but under arrangements made before that change, the activities of a trade or business of that company cease or the scale of those activities become small or negligible.
- (6) The third condition is that—
- (a) at any time during the period of six years beginning three years before the change in the ownership of the tax-payer company there is a major change in the nature or conduct of a trade or business of that company;
- (b) there is a transfer or there are transfers of assets of the tax-payer company to a person mentioned in subsection (7) below or to any person under arrangements which enable any of those assets or any assets representing those assets to be transferred to a person mentioned in subsection (7) below;
- (c) that transfer occurs or those transfers occur during the period of three years before the change in the ownership of the tax-payer company or after that change but under arrangements made before that change; and
- (d) the major change mentioned in paragraph (a) above is attributable to that transfer or those transfers.
- (7) The persons are—
- (a) any person mentioned in subsection (2)(a) above; and
- (b) any person connected with him.
- (8) The amount of tax charged in an assessment made under this section must not exceed the amount of the tax which, at the time of that assessment, remains unpaid by the tax-payer company.
- (9) For the purposes of this section the relevant date is the date six months from the date on which the corporation tax is assessed as mentioned in subsection (1)(b) above.
- (10) Any assessment made under this section shall not be out of time if made within three years from the date on which the liability of the tax-payer company to corporation tax for the accounting period mentioned in subsection (1)(b) above is finally determined.
##### 767AA
- (1) Where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“the transferred company"),
- (b) any corporation tax relating to an accounting period ending on or after the change has been assessed on the transferred company or an associated company,
- (c) that tax remains unpaid at any time more than six months after it was assessed, and
- (d) the condition set out in subsection (2) below is fulfilled,
any person mentioned in subsection (4) below may be assessed by the Board and charged to an amount of corporation tax not exceeding the amount remaining unpaid.
- (2) The condition is that it would be reasonable (apart from this section) to infer, from either or both of—
- (a) the terms of any transactions entered into in connection with the change, and
- (b) the other circumstances of the change and of any such transactions,
that at least one of those transactions was entered into by one or more of its parties on the assumption, as regards a potential tax liability, that that liability would be unlikely to be met, or met in full, if it were to arise.
- (3) In subsection (2) above the reference to a potential tax liability is a reference to a liability to pay corporation tax which—
- (a) in circumstances which were reasonably foreseeable at the time of the change in ownership, or
- (b) in circumstances the occurrence of which is something of which there was at that time a reasonably foreseeable risk,
would or might arise from an assessment made, after the change in ownership, on the transferred company or an associated company (whether or not a particular associated company).
- (4) The persons mentioned in subsection (1) above are—
- (a) any person who at any time during the relevant period had control of the transferred company;
- (b) any company of which the person mentioned in paragraph (a) above has at any time had control within the period of three years before the change in the ownership of the transferred company.
- (5) In subsection (4) above, “*the relevant period*” means—
- (a) the period of three years before the change in the ownership of the transferred company; or
- (b) if during the period of three years before that change (“the later change") there was a change in the ownership of the transferred company (“the earlier change"), the period elapsing between the earlier change and the later change.
- (6) For the purposes of this section a transaction is entered into in connection with a change in the ownership of a company if—
- (a) it is the transaction, or one of the transactions, by which that change is effected; or
- (b) it is entered into as part of a series of transactions, or scheme, of which transactions effecting the change in ownership have formed or will form a part.
- (7) For the purposes of this section—
- (a) references to a scheme are references to any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving a single transaction or two or more transactions;
- (b) it shall be immaterial in determining whether any transactions have formed or will form part of a series of transactions or scheme that the parties to any of the transactions are different from the parties to another of the transactions; and
- (c) the cases in which any two or more transactions are to be taken as forming part of a series of transactions or scheme shall include any case in which it would be reasonable to assume that one or more of them—
- (i) would not have been entered into independently of the other or others; or
- (ii) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (8) In this section references, in relation to the transferred company and an assessment to tax, to an associated company are references to any compnay (whenever formed) which, at the time of the assessment or at an earlier time after the change in ownership—
- (a) has control of the transferred company;
- (b) is a company of which the transferred company has control; or
- (c) is a company under the control of the same person or persons as the transferred company.
- (9) A person assessed and charged to tax under this section shall be assessed and charged in the name of the company by whom the tax to which the assessment relates remains unpaid.
- (10) Any assessment made under this section shall not be out of time if made within three years from the date of the final determination of the liability of the company by whom the tax remains unpaid to corporation tax for the accounting period for which that tax was assessed.
##### 767B
- (1) In relation to corporation tax assessed under section 767A—
- (a) section 86 of the Management Act (interest on overdue tax), in so far as it has effect in relation to accounting periods ending on or before 30th September 1993, and
- (b) section 87A of that Act (corresponding provision for corporation tax due for accounting periods ending after that date),
shall have effect as if the references in section 86 to the reckonable date and in section 87A to the date when the tax becomes due and payable were, respectively, references to the date which is the reckonable date in relation to the tax-payer company and the date when the tax became due and payable by the tax-payer company.
- (1A) In relation to corporation tax assessed under section 767AA, section 87A of the Management Act shall have effect as if the references to the date when the tax becomes due and payable were references to the date when the tax became due and payable by the transferred company or the associated company (as the case may be).
- (2) A payment in pursuance of an assessment under section 767A or 767AA shall not be allowed as a deduction in computing any income, profits or losses for any tax purposes; but any person making such a payment shall be entitled to recover an amount equal to the payment from the tax-payer company or the transferred company or associated company (as the case may be).
- (3) In subsection (2) above the reference to a payment in pursuance of an assessment includes a reference to a payment of interest under section 86 or 87A of the Management Act (as they have effect by virtue of subsection (1) above).
- (4) For the purposes of sections 767A, 767AA and 767C, “*control*”, in relation to a company, shall be construed in accordance with section 416 as modified by subsections (5) and (6) below.
- (5) In subsection (2)(a) for “the greater part of” there shall be substituted “50 per cent. of”.
- (6) For subsection (3) there shall be substituted—
- (”) Where two or more persons together satisfy any of the conditions in subsection (2) above and do so by reason of having acted together to put themselves in a position where they will in fact satisfy the condition in question, each of those persons shall be treated as having control of the company.”
- (7) In section 767A(6) “*a major change in the nature or conduct of a trade or business*” includes any change mentioned in any of paragraphs (a) to (d) of section 245(4); and also includes a change falling within any of those paragraphs which is achieved gradually as the result of a series of transfers.
- (8) In section 767A(6) “*transfer*”, in relation to an asset, includes any disposal, letting or hiring of it, and any grant or transfer of any right, interest or licence in or over it, or the giving of any business facilities with respect to it.
- (9) Section 839 shall apply for the purposes of section 767A(7).
- (10) Subsection (9) of section 768 shall apply for the purposes of sections 767A and 767AA as it applies for the purposes of section 768.
##### 767C
- (1) This section applies where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“the subject company"); and
- (b) in connection with that change a person (“the seller") may be or become liable to be assessed and charged to corporation tax under section 767A or 767AA.
- (2) The Board may by notice require any person to supply to them—
- (a) any document in the person’s possession or power which appears to the Board to be relevant for determining any one or more of the matters referred to in subsection (3) below; or
- (b) any particulars which appear to them to be so relevant.
- (3) Those matters are—
- (a) whether the seller is or may become liable as mentioned in subsection (1) above and the extent of the liability or potential liability; and
- (b) whether the subject company or an associated company is or may become liable to be assessed to any tax in respect of which the seller is or could become liable as mentioned in subsection (1) above, and the extent of the liability or potential liability of the subject company or associated company.
- (4) Without prejudice to the following provisions of this section, the references in subsection (2) above to documents and particulars are references to the documents and particulars specified or described in the notice.
- (5) A notice under subsection (2) above must specify the period, which must not be less than 30 days, within which the notice must be complied with.
- (6) Any person to whom any documents are supplied under this section may take copies of them or of any extracts from them.
- (7) A notice under subsection (2) above shall not oblige a person to supply any documents or particulars relating to the conduct of any pending appeal relating to tax.
- (8) In relation to any notice under subsection (2) above—
- (a) subsection (4) of section 20B of the Taxes Management Act 1970 (rules relating to copies of documents) shall apply as it applies in relation to a notice under section 20(1) of that Act; and
- (b) subsections (8) to (14) of section 20B of that Act (rules about obtaining documents etc. from professional advisers) shall apply as they apply in relation to a notice under section 20(3) of that Act but as if any reference to an inspector were a reference to the Board;
and subsection (8C) of section 20 of that Act (exclusion of personal records and journalistic material) shall apply for the purposes of this section as it applies for the purposes of that section.
- (9) In this section references, in relation to the subject company and an assessment to tax, to an associated company are references to any company which, at the time of the assessment or at an earlier time after the change in ownership—
- (a) has control of the subject company;
- (b) is a company of which the subject company has control; or
- (c) is a company under the control of the same person or persons as the subject company.
- (10) In this section “*document*” means anything in which information of any description is recorded.
##### 768A
- (1) In any case where—
- (a) within any period of three years there is both a change in the ownership of a company and (either earlier or later in that period, or at the same time) a major change in the nature or conduct of a trade carried on by the company, or
- (b) at any time after the scale of the activities in a trade carried on by a company has become small or negligible, and before any considerable revival of the trade, there is a change in the ownership of the company,
no relief shall be given under section 393A(1) by setting a loss incurred by the company in an accounting period ending after the change in ownership against any profits of an accounting period beginning before the change in ownership.
- (2) Subsections (2) to (4), (8) and (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (3) This section applies in relation to changes in ownership occurring on or after 14th June 1991.
##### 768B
- (1) This section applies where there is a change in the ownership of a company with investment business and—
- (a) after the change there is a significant increase in the amount of the company’s capital; or
- (b) within the period of six years beginning three years before the change there is a major change in the nature or conduct of the business carried on by the company; or
- (c) the change in the ownership occurs at any time after the scale of the activities in the business carried on by the company has become small or negligible and before any considerable revival of the business.
- (2) For the purposes of subsection (1)(a) above, whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company shall be determined in accordance with the provisions of Part I of Schedule 28A.
- (3) In paragraph (b) of subsection (1) above “*major change in the nature or conduct of a business*” includes a major change in the nature of the investments held by the company, even if the change is the result of a gradual process which began before the period of six years mentioned in that paragraph.
- (4) For the purposes of this section—
- (a) the accounting period of the company in which the change in the ownership occurs shall be divided into two parts, the first the part ending with the change, the second the part after;
- (b) those parts shall be treated as two separate accounting periods; and
- (c) the amounts in issue for the accounting period being divided shall be apportioned to those parts.
- (5) In Schedule 28A—
- (a) Part II shall have effect for identifying the amounts in issue for the accounting period being divided; and
- (b) Part III shall have effect for the purpose of apportioning those amounts to the parts of that accounting period.
- (6) Any sums which—
- (a) are, or are treated as, expenses of management referable to the accounting period being divided, and
- (b) under Part III of Schedule 28A are apportioned to either part of that period,
shall be treated for the purposes of section 75 expenses of management referable to that part.
- (7) Any charges which under Part III of Schedule 28A are apportioned to either part of the accounting period being divided shall be treated for the purposes of sections 338 and 75 as paid in that part.
- (8) Any allowances which under Part III of Schedule 28A are apportioned to either part of the accounting period being divided shall be treated for the purposes of section 253 of the Capital Allowances Act and section 75(7) as falling to be made in that part.
- (9) In computing the total profits of the company for an accounting period ending after the change in the ownership, no deduction shall be made under section 75 by reference to—
- (a) expenses of management deductible or allowances falling to be made for an accounting period beginning before the change; or
- (b) charges paid in such an accounting period.
- (10) Part IV of Schedule 28A shall have effect for the purpose of restricting, in a case where this section applies, the debits and non-trading deficits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of the company’s loan relationships (including debits so brought into account by virtue of paragraph 14(3)of Schedule 26 to the Finance Act 2002).
- (12) Subject to the modification in subsection (13) below, subsections (6) to (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (13) The modification is that in subsection (6) of section 768 for the words “relief in respect of a company’s losses has been restricted” there shall be substituted “deductions from a company’s total profits , or the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in the case of a company in respect of its loan relationships (or its derivative contracts by virtue of paragraph 14(3) of Schedule 26 to the Finance Act 2002), have been restricted.”
- (14) In this section “*company with investment business*” has the same meaning as in Part IV.
##### 768C
- (1) This section applies where—
- (a) there is a change in the ownership of a company with investment business (“the relevant company”);
- (b) none of paragraphs (a) to (c) of section 768B(1) applies;
- (c) after the change in the ownership the relevant company acquires an asset from another company in circumstances such that section 171(1) of the 1992 Act applies to the acquisition; and
- (d) a chargeable gain (“a relevant gain”) accrues to the relevant company on a disposal of the asset within the period of three years beginning with the change in the ownership.
- (2) For the purposes of subsection (1)(d) above an asset acquired by the relevant company as mentioned in subsection (1)(c) above shall be treated as the same as an asset owned at a later time by that company if the value of the second asset is derived in whole or in part from the first asset, and in particular where the second asset is a freehold and the first asset was a leasehold and the lessee has acquired the reversion.
- (3) For the purposes of this section—
- (a) the accounting period of the relevant company in which the change in the ownership occurs shall be divided into two parts, the first the part ending with the change, the second the part after;
- (b) those parts shall be treated as two separate accounting periods; and
- (c) the amounts in issue for the accounting period being divided shall be apportioned to those parts.
- (4) In Schedule 28A—
- (a) Part V shall have effect for identifying the amounts in issue for the accounting period being divided; and
- (b) Part VI shall have effect for the purpose of apportioning those amounts to the parts of that accounting period.
- (5) Subsections (6) to (8) of section 768B shall apply in relation to the relevant company as they apply in relation to the company mentioned in subsection (1) of that section except that any reference in those subsections to Part III of Schedule 28A shall be read as a reference to Part VI of that Schedule.
- (6) Subsections (7) and (9) below apply only where, in accordance with the relevant provisions of the 1992 Act and Part VI of Schedule 28A, an amount is included in respect of chargeable gains in the total profits for the accounting period of the relevant company in which the relevant gain accrues.
- (7) In computing the total profits of the relevant company for the accounting period in which the relevant gain accrues, no deduction shall be made under section 75 by reference to—
- (a) expenses of management deductible or allowances falling to be made for an accounting period of the relevant company beginning before the change in ownership, or
- (b) charges paid in such an accounting period,
from an amount of the total profits equal to the amount which represents the relevant gain.
- (8) For the purposes of this section, the amount of the total profits for an accounting period which represents the relevant gain is—
- (a) where the amount of the relevant gain does not exceed the amount which is included in respect of chargeable gains for that period, an amount equal to the amount of the relevant gain;
- (b) where the amount of the relevant gain exceeds the amount which is included in respect of chargeable gains for that period, the amount so included.
- (9) Part IV of Schedule 28A shall have effect for the purpose of restricting, in a case where this section applies, the debits and non-trading deficits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of the relevant company’s loan relationships (including debits so brought into account by virtue of paragraph 14(3) of Schedule 26 to the Finance Act 2002).
- (11) Subsections (8) and (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (12) In this section—
- “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act; and
- “*company with investment business*” has the same meaning as in Part 4.
- (13) This section applies in relation to an asset to which Schedule 29 to the Finance Act 2002 applies (intangible fixed assets), with the following adaptations—
- (a) for the reference to section 171(1) of the 1992 Act substitute a reference to paragraph 55 of that Schedule;
- (b) for any reference to a chargeable gain under that Act substitute a reference to a chargeable realisation gain within the meaning of that Schedule that is a credit within paragraph 34(1)(a) of that Schedule (non-trading credits);
- (c) for any reference to a disposal of the asset substitute a reference to its realisation within the meaning of that Schedule;
- (d) for the reference to the relevant provisions of the 1992 Act substitute a reference to Part 6 of that Schedule.
##### 768D
- (1) This section applies where there is a change in the ownership of a company carrying on a Schedule A business and—
- (a) in the case of a company with investment business, either—
- (i) paragraph (a), (b) or (c) of section 768B(1) applies, or
- (ii) section 768C applies;
- (b) in the case of a company which is not a company with investment business, paragraph (a) or (b) of section 768(1) applies.
- (2) Where this section applies the following provisions have effect to prevent relief being given under section 392A by setting a Schedule A loss incurred by the company before the change of ownership against profits arising after the change.
- (3) The accounting period in which the change of ownership occurs is treated for that purpose as two separate accounting periods, the first ending with the change and the second consisting of the remainder of the period.
- (4) The profits or losses of the period in which the change occurs are apportioned to those two periods—
- (a) in the case of a company with investment business—
- (i) where paragraph (a), (b) or (c) of section 768B(1) applies, in accordance with Parts II and III of Schedule 28A, or
- (ii) where section 768C applies, in accordance with Parts V and VI of that Schedule, and
- (b) in the case of a company which is not a company with investment business, according to the length of the periods,
unless in any case the specified method of apportionment would work unjustly or unreasonably in which case such other method shall be used as appears just and reasonable.
- (5) Relief under section 392A(1) against total profits of the same accounting period is available only in relation to each of those periods considered separately.
- (6) A loss made in any accounting period beginning before the change of ownership may not be set off under section 392A(2) against, or deducted by virtue of section 392A(3) from—
- (a) in the case of—
- (i) a company with investment business where paragraph (a), (b) or (c) of section 768B(1) applies, or
- (ii) a company which is not a company with investment business,
profits of an accounting period ending after the change of ownership;
- (b) in the case of a company with investment business where section 768C applies, from so much of those profits as represents the relevant gain within the meaning of that section.
- (7) Subsections (8) and (9) of section 768 (time limits for assessment; information powers) apply for the purposes of this section as they apply for the purposes of that section.
- (8) In this section—
- (a) any reference to a case where paragraph (a) or (b) of section 768(1) applies includes the case where that paragraph would apply if the reference there to a trade carried on by the company were to a Schedule A business carried on by it;
- (b) “*company with investment business*” has the same meaning as in Part 4.
- (9) The provisions of this section apply in relation to an overseas property business as they apply in relation to a Schedule A business.
##### 768E
- (1) Where there is a change in the ownership of a company with investment business and either—
- (a) paragraph (a), (b) or (c) of section 768B(1) applies, or
- (b) section 768C applies,
the following provisions have effect to prevent relief being given under paragraph 35 of Schedule 29 to the Finance Act 2002 by setting a non-trading loss on intangible fixed assets incurred by the company before the change of ownership against profits arising after the change.
- (2) The accounting period in which the change of ownership occurs is treated for that purpose as two separate accounting periods, the first ending with the change and the second consisting of the remainder of the period.
- (3) The profits or losses of the period in which the change occurs are apportioned to those two periods—
- (a) where paragraph (a), (b) or (c) of section 768B(1) applies, in accordance with Parts 2 and 3 of Schedule 28A, or
- (b) where section 768C applies, in accordance with Parts 5 and 6 of that Schedule,
unless in any case the specified method of apportionment would work unjustly or unreasonably in which case such other method shall be used as appears just and reasonable.
- (4) Relief under paragraph 35 of Schedule 29 to the Finance Act 2002 against total profits of the same accounting period is available only in relation to each of those periods considered separately.
- (5) A loss made in any accounting period beginning before the change of ownership may not be set off under paragraph 35(3) of Schedule 29 to the Finance Act 2002 against—
- (a) in a case where paragraph (a), (b) or (c) of section 768B(1) applies, profits of an accounting period ending after the change of ownership;
- (b) in a case where section 768C applies, so much of those profits as represents the relevant gain within the meaning of that section.
- (6) Subsections (8) and (9) of section 768 (time limits for assessment; information powers) apply for the purposes of this section as they apply for the purposes of that section.
- (7) In this section “company with investment business” has the same meaning as in Part 4.
##### 770A
Schedule 28AA (which deals with provision made or imposed otherwise than at arm’s length) shall have effect.
#### Certified unit trusts: corporation tax.
### Factoring of income receipts etc
##### 774A
- (1) For the purposes of section 774B an arrangement is a structured finance arrangement in relation to a person (“*the borrower*”) if the following condition is met in relation to the borrower.
- (2) The condition is that—
- (a) under the arrangement the borrower receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (b) in accordance with generally accepted accounting practice the accounts of the borrower for that period record a financial liability in respect of the advance,
- (c) the borrower, or a person connected with the borrower, makes a disposal of an asset (“the security”) under the arrangement to or for the benefit of the lender or a person connected with the lender,
- (d) the lender, or a person connected with the lender, is entitled under the arrangement to payments in respect of the security, and
- (e) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower.
- (3) For the purposes of this section, in any case where the borrower is a partnership, references to the accounts of the borrower include the accounts of any member of the partnership.
- (4) For the purposes of this section and section 774B—
- (a) references to a person connected with the borrower do not include the lender, and
- (b) references to a person connected with the lender do not include the borrower.
##### 774B
- (1) This section applies if an arrangement is a structured finance arrangement in relation to a person (“*the borrower*”).
- (1A) If the arrangement would (disregarding this section) have had the relevant effect (see subsections (2) and (3)), the arrangement is not to have that effect.
- (1B) If the arrangement would (disregarding this section) not have had that effect, the payments mentioned in section 774A(2)(d) are to be treated for tax purposes as income of the borrower payable in respect of the security (whether or not those payments are also the income of anyone else for tax purposes).
- (2) If the borrower is a person other than a partnership, the relevant effect is that—
- (a) an amount of income on which the borrower, or a person connected with the borrower, would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of the borrower, or of a person connected with the borrower, is not so brought into account, or
- (c) the borrower, or a person connected with the borrower, becomes entitled to an income deduction.
- (3) If the borrower is a partnership, the relevant effect is that—
- (a) an amount of income on which a member of the partnership would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of a member of the partnership is not so brought into account, or
- (c) a member of the partnership becomes entitled to an income deduction.
- (4) If—
- (a) a person in relation to whom this section applies is within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the person record an amount as a finance charge in respect of the advance,
that person may treat the amount for income tax purposes as interest payable on a loan.
- (5) If a person in relation to whom this section applies is within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 as a money debt owed by the company,
- (b) the arrangement is to be treated, in relation to the company, for the purposes of that Chapter as a loan relationship of the company (as a debtor relationship), and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the company as a finance charge in respect of the advance is to be treated as interest payable under that relationship.
- (6) For the purposes of this section, in any case where the borrower is a partnership,—
- (a) references to accounts include the accounts of the partnership, and
- (b) any deemed interest is treated as payable by the partnership (whether or not the finance charge is recorded in the accounts of the partnership).
- (7) For the purpose of determining when any deemed interest in respect of the advance is paid—
- (a) the payments mentioned in section 774A(2)(d) are treated as consisting of amounts for repaying the advance and amounts (“the interest elements”) in respect of interest on the advance, and
- (b) the interest elements of those payments are treated as paid when those payments are paid,
and the deemed interest in respect of the advance is treated as paid at the times when the interest elements are treated as paid.
- (8) In this section “*deemed interest*” means any amount which is treated as interest as a result of subsection (4) or (5).
- (9) This section is subject to the exceptions contained in section 774E.
##### 774C
- (1) For the purposes of section 774D an arrangement is a structured finance arrangement in relation to a partnership (“the borrower partnership”) if condition A or B is met in relation to the borrower partnership.
- (2) Condition A is that—
- (a) a person (“the transferor partner”) disposes of an asset (“the security”) under the arrangement to the borrower partnership,
- (b) the transferor partner is a member of the borrower partnership immediately after the disposal (whether or not a member immediately before the disposal),
- (c) under the arrangement the borrower partnership receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (d) in accordance with generally accepted accounting practice the accounts of the borrower partnership for that period record a financial liability in respect of the advance,
- (e) there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender (see subsection (6)),
- (f) under the arrangement the share of the lender or person connected with the lender in the profits of the borrower partnership is determined by reference (wholly or partly) to payments in respect of the security, and
- (g) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower partnership.
- (3) For the purposes of condition A, references to the accounts of the borrower partnership include the accounts of the transferor partner.
- (4) Condition B is that—
- (a) the borrower partnership holds an asset (“the security”) as a partnership asset at any time before the arrangement is made,
- (b) under the arrangement the borrower partnership receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (c) in accordance with generally accepted accounting practice the accounts of the borrower partnership for that period record a financial liability in respect of the advance,
- (d) there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender,
- (e) under the arrangement the share of the lender or person connected with the lender in the profits of the borrower partnership is determined by reference (wholly or partly) to payments in respect of the security, and
- (f) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower partnership.
- (5) For the purposes of condition B, references to the accounts of the borrower partnership include the accounts of any person who is a member of the partnership immediately before the arrangement is made.
- (6) For the purposes of this section and section 774D there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender if directly or indirectly in consequence of, or otherwise in connection with, the arrangement—
- (a) the lender, or a person connected with the lender, becomes a member of the borrower partnership at any time, or
- (b) there is at any time a change in the share of a member of the borrower partnership in the profits of the borrower partnership in a case where that member is the lender or a person connected with the lender.
- (7) For the purposes of subsection (6)(b) the reference to a person connected with the lender includes a person who at any time becomes connected with the lender directly or indirectly in consequence of, or otherwise in connection with, the arrangement.
##### 774D
- (1) This section applies if—
- (a) an apportionment under section 747(3) falls to be made as regards an accounting period (“*the relevant accounting period*”) of a controlled foreign company,
- (b) the chargeable profits of the controlled foreign company for the relevant accounting period would, apart from this section, include an amount of income in respect of a payment made by another company (“the payer”),
- (c) the amount that the payer brings into account for the purposes of corporation tax in respect of the payment is reduced (in part or in full) by virtue of Part 3 of Schedule 15 to FA 2009 (tax treatment of financing costs and income), and
- (d) a company resident in the United Kingdom (“the UK resident company”) has a relevant interest in the controlled foreign company in the relevant accounting period.
- (2) The UK resident company may make an application to the Commissioners for Her Majesty's Revenue and Customs for the chargeable profits of the controlled foreign company for the relevant accounting period (“the chargeable profits”) to be reduced by an amount (“*the specified amount*”) specified in the application (including to nil).
- (3) If the Commissioners grant the application—
- (a) the chargeable profits are treated as reduced by the specified amount, and
- (b) the controlled foreign company's creditable tax (if any) for that period is treated as reduced by so much of that tax as, on a just and reasonable basis, relates to the reduction in the chargeable profits,
for the purpose of applying section 747(3) to (5) for determining the sum (if any) chargeable on the UK resident company under section 747(4)(a) (but for no other purpose).
- (4) The Commissioners may grant the application only if they are satisfied that the specified amount does not exceed the relevant amount.
- (5) In subsection (4) “*the relevant amount*” means the amount (if any) by which it is just and reasonable that the chargeable profits should be treated as reduced, having regard to the effect of Parts 3 and 4 of Schedule 15 to FA 2009 on amounts brought into account for the purposes of corporation tax by the payer, or any other company.
#### Conditions for tax exempt business.
##### 751AB
- (a) an arrangement is a structured finance arrangement in relation to a partnership (“the borrower partnership”), and
- (b) any relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender would (disregarding this section) have had the following effect.
- (2) The effect is that—
- (a) an amount of income on which a relevant member of the borrower partnership would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of a relevant member of the borrower partnership is not so brought into account, or
- (c) a relevant member of the borrower partnership becomes entitled to an income deduction.
- (2A) In determining whether the condition in subsection (1)(b) is met it is to be assumed that amounts of income equal to the payments mentioned in section 774C(2)(f) or (4)(e) were payable to the borrower partnership before the time at which the relevant change in relation to its membership involving the lender or a person connected with the lender occurs.
- (3) In this section “*relevant member of the borrower partnership*” means—
- (a) in any case where condition A in section 774C is met in relation to the arrangement, the transferor partner, and
- (b) in any case where condition B in that section is met in relation to the arrangement, any person other than the lender who is a member of the borrower partnership immediately before the time at which the relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender occurs.
- (4) Part 9 of ITTOIA 2005 and section 114 above are to have effect in relation to any relevant member of the borrower partnership as if the relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender had not occurred.
Accordingly, the structured finance arrangement is not to have the effect mentioned in subsection (2).
- (5) The following provisions of this section confer relief from tax the availability of which depends on which of the conditions in section 774C is met in relation to the arrangement.
- (6) In any case where condition A in section 774C is met, if—
- (a) the transferor partner is a person within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the borrower partnership record an amount as a finance charge in respect of the advance,
the transferor partner may treat the amount for income tax purposes as interest payable by the transferor partner on a loan.
- (7) In any case where condition A in that section is met, if the transferor partner is a company within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of paragraph 19 of Schedule 9 to the Finance Act 1996 (and the other provisions of Chapter 2 of Part 4 of that Act) as a money debt owed by the borrower partnership,
- (b) the arrangement is to be treated, in relation to the company, as a transaction for the lending of money from which that debt is treated as arising for those purposes, and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the borrower partnership as a finance charge in respect of the advance is to be treated as interest payable by the company under that transaction.
- (8) For the purposes of subsections (6) and (7), references to the accounts of the borrower partnership include the accounts of the transferor partner.
- (9) In any case where condition B in section 774C is met, if—
- (a) a relevant member of the borrower partnership is a person within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the borrower partnership record an amount as a finance charge in respect of the advance,
the relevant partner may treat the amount for income tax purposes as interest payable by the borrower partnership on a loan.
- (10) In any case where condition B in that section is met, if a relevant member of the borrower partnership is a company within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of paragraph 19 of Schedule 9 to the Finance Act 1996 (and the other provisions of Chapter 2 of Part 4 of that Act) as a money debt owed by that partnership,
- (b) the arrangement is to be treated, in relation to the company, as a transaction for the lending of money from which that debt is treated as arising for those purposes, and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the borrower partnership as a finance charge in respect of the advance is to be treated as interest payable by the borrower partnership under that transaction.
- (11) For the purposes of subsections (9) and (10), references to the accounts of the borrower partnership include the accounts of any relevant member of the borrower partnership.
- (12) For the purpose of determining when any deemed interest in respect of the advance is paid—
- (a) the payments mentioned in section 774C(2)(f) or (4)(e) are treated as consisting of amounts for repaying the advance and amounts (“the interest elements”) in respect of interest on the advance, and
- (b) the interest elements of those payments are treated as paid when those payments are paid,
and the deemed interest in respect of the advance is treated as paid at the times when the interest elements are treated as paid.
- (13) In this section “*deemed interest*” means any amount which is treated as interest as a result of any of subsections (6) to (10).
- (14) This section is subject to the exceptions contained in section 774E.
##### 774E
- (1) Section 774B or 774D does not apply if the whole of the advance under the structured finance arrangement—
- (a) is charged to tax on a relevant person (see subsection (7)) as an amount of income,
- (b) is brought into account in calculating for tax purposes any income of a relevant person, or
- (c) is brought into account for the purposes of any provision of the Capital Allowances Act as a disposal receipt, or proceeds from a balancing event or disposal event, of a relevant person.
For the purposes of this subsection the effect of section 785A (rent factoring of leases of plant or machinery) is to be disregarded.
- (2) Subsection (1)(c) is not to be taken as met in any case where—
- (a) the receipt or proceeds gives rise to a balancing charge, and
- (b) the amount of the balancing charge is limited by any provision of the Capital Allowances Act.
- (3) Section 774B or 774D does not apply if, at all times, the whole of the advance under the structured finance arrangement—
- (a) is a debtor relationship of a relevant person for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships), or
- (b) would be a debtor relationship of a relevant person for those purposes if that person were a company within the charge to corporation tax.
For the purposes of this subsection references to a debtor relationship do not include a relationship to which section 100 of the Finance Act 1996 (money debts etc not arising from the lending of money) applies.
- (4) Section 774B or 774D does not apply in so far as the structured finance arrangement is an arrangement in relation to which—
- (a) section 263A of the 1992 Act (agreements for sale and repurchase of securities) applies,
- (b) Schedule 13 to the Finance Act 2007 (sale and repurchase of securities) applies, or
- (c) Chapter 5 of Part 2 of the Finance Act 2005 (alternative finance arrangements) has effect.
- (5) Section 774B or 774D does not apply in so far as—
- (a) the security under the structured finance arrangement is plant or machinery which is the subject of a sale and finance leaseback, or
- (b) the structured finance arrangement is an arrangement in relation to which sections 228B and 228C of the Capital Allowances Act apply with the modifications contained in section 228F of that Act (lease and finance leaseback).
- (6) For the purposes of subsection (5)(a), whether plant or machinery is the subject of a sale and finance leaseback is determined in accordance with section 221 of the Capital Allowances Act.
But, in applying that section, it is to be assumed that the words “and which are not a long funding lease in the case of the lessor” were omitted from section 219(1)(b) of that Act (meaning of “finance lease”).
- (7) For the purposes of this section a “*relevant person*” means—
- (a) if section 774B applies, the borrower under the structured finance arrangement, a person connected with that borrower or (if that borrower is a partnership) a member of the partnership, and
- (b) if section 774D applies, a relevant member of the borrower partnership (within the meaning of that section).
##### 774F
- (1) The Treasury may make regulations prescribing other circumstances in which section 774B or 774D is not to apply in relation to a structured finance arrangement.
- (2) Any regulations under subsection (1) may make provision amending section 774E.
- (3) The power to make regulations under subsection (1) includes—
- (a) power to make provision having effect in relation to times before the making of the regulations (but not times earlier than 6th June 2006),
- (b) power to make different provision for different cases or different purposes, and
- (c) power to make incidental, supplemental, consequential or transitional provision and savings.
##### 774G
- (1) For the purposes of sections 774A to 774D “*arrangement*” includes any agreement or understanding (whether or not legally enforceable).
- (2) For the purposes of sections 774A to 774D “*income deduction*” means—
- (a) a deduction in calculating any income for tax purposes, or
- (b) a deduction against total income or total profits.
- (3) For the purposes of sections 774A to 774D—
- (a) references to a person's receiving any asset include—
- (i) the person's obtaining directly or indirectly the value of any asset or otherwise deriving directly or indirectly any benefit from it, and
- (ii) the discharge (in whole or in part) of any liability of the person,
- (b) references to a disposal of an asset include anything which constitutes a disposal of the asset for the purposes of the 1992 Act,
- (c) references to payments in respect of any asset include—
- (i) payments in respect of any other asset substituted for it under the arrangement, and
- (ii) obtaining directly or indirectly the value of any asset or otherwise deriving directly or indirectly any benefit from it.
- (4) For the purposes of sections 774A to 774D, section 839 (connected persons) applies.
- (5) For the purposes of sections 774A to 774D references to the accounts of any person who is a company include the consolidated group accounts of a group of companies of which it is a member.
- (5A) In determining for the purposes of sections 774A to 774D whether an amount is recorded as a financial liability in respect of the advance it is to be assumed that the period of account in which the advance is received ended immediately after the receipt of the advance.
- (6) If any person does not draw up accounts in accordance with generally accepted accounting practice, sections 774A to 774D apply as if the accounts had been drawn up by the person in accordance with that practice.
- (7) Sections 277 to 281 of ITTOIA 2005 and section 34 above (lease premiums) are not to apply in relation to a premium paid in respect of a grant of a lease where the grant constitutes a disposal of an asset for the purposes of section 774A(2)(c) or 774C(2)(a).
##### 775A
- (1) This section applies in any case where—
- (a) a person sells or transfers the right to receive an annual payment to which this section applies (see subsection (4)), and
- (b) the consideration (if any) for the sale or transfer would not, apart from this section, be chargeable to tax.
- (2) In any such case, tax is charged—
- (a) in the case of income tax, under this section; or
- (b) in the case of corporation tax, under Case III of Schedule D.
- (3) Where this section applies—
- (a) the tax is charged on an amount equal to the market value of the right to receive the annual payment;
- (b) the tax is charged for the chargeable period in which the sale or transfer takes place;
- (c) the person liable for the tax is the person who sells or transfers the right to the annual payment.
- (4) This section applies to any annual payment other than—
- (a) an annual payment under a life annuity;
- (b) an annual payment under a pension annuity;
- (c) an annual payment to which section 347A applies (certain annual payments not to form part of the income of a company for corporation tax purposes);
- (d) an annual payment in respect of which, by virtue of section 727 of ITTOIA 2005 (payments by individuals arising in UK), no liability to income tax arises under Part 5 of that Act.
- (5) This section applies in relation to part of an annual payment as it applies in relation to the whole of an annual payment.
- (6) For the purposes of this section, a sale or transfer of all rights under an agreement for annual payments, or under an annuity, is a sale or transfer of the rights to each individual payment under the agreement or annuity.
- (7) In this section—
- “*life annuity*” means—a life annuity, as defined in section 657(1); ora life annuity, as defined in section 473(2) of ITTOIA 2005;
- “*pension annuity*” means an annuity which is pension income within the meaning of Part 9 of ITEPA 2003 (see section 566(2) of that Act).
#### Court common investment funds.
##### 785ZA
- (1) This section applies for corporation tax purposes if—
- (a) a company carries on a business in respect of which the company is within the charge to corporation tax,
- (b) the company carries on the business in partnership with other persons in an accounting period of the partnership,
- (c) the business (“the leasing business”) is, on any day in that period, a business of leasing plant or machinery,
- (d) the company incurs a loss in its notional business in any accounting period comprised (wholly or partly) in the accounting period of the partnership, and
- (e) the interest of the company in the leasing business during the accounting period of the partnership is not determined on an allowable basis (see subsections (2) to (4)).
- (2) The interest of the company in the leasing business during the accounting period of the partnership is determined on an allowable basis if (and only if) the following condition is met.
- (3) The condition is met if, for the purposes of section 114(2),—
- (a) the company's share in the profits or loss of the leasing business for that period is determined wholly by reference to a single percentage, and
- (b) the company's share in any relevant capital allowances for that period is determined wholly by reference to the same percentage.
- (4) For the purposes of this condition “*profits*” does not include chargeable gains.
- (5) The following restrictions apply in respect of so much of the loss incurred by the company in its notional business as derives from any relevant capital allowances (“the restricted part of the loss”).
- (6) Apart from by way of set off against any relevant leasing income, relief is not to be given to the company under any relevant loss relief provision in respect of the restricted part of the loss.
- (7) If the leasing business is a trade, relief is not to be given to the company under section 393A(1) in respect of the restricted part of the loss.
- (8) The restricted part of the loss is not available for set off by way of group relief in accordance with section 403.
- (9) For the purpose of determining how much of a loss derives from any relevant capital allowances, the loss is to be calculated on the basis that any relevant capital allowances are the final amounts to be deducted.
##### 785ZB
- (1) This section applies for the purposes of section 785ZA.
- (2) “*Business of leasing plant or machinery*” has the same meaning as in Part 3 of Schedule 10 to the Finance Act 2006 (sale etc of lessor companies etc).
- (3) “*Lease*” has the same meaning as in section 785A.
- (4) “*Notional business*”, in relation to a company, means the business—
- (a) from which the company's share in the profits or loss of the leasing business is treated under section 114(2) as deriving for the purposes of the charge to corporation tax, and
- (b) which is treated under that provision as carried on alone by the company for those purposes.
- (5) “*Plant or machinery*” has the same meaning as in Part 2 of the Capital Allowances Act.
- (6) “*Relevant capital allowance*” means an allowance under Part 2 of the Capital Allowances Act in respect of expenditure incurred on the provision of plant or machinery wholly or partly for the purposes of the leasing business.
- (7) “*Relevant leasing income*” means any income of the company's notional business deriving from any lease—
- (a) which is a lease of plant or machinery, and
- (b) which was entered into before the end of the accounting period of the company in which the loss in its notional business was incurred.
- (8) “*Relevant loss relief provision*” means any of the following provisions—
- (a) section 392A (Schedule A losses),
- (b) section 392B (losses from overseas property businesses),
- (c) section 393 (trade losses),
- (d) section 396 (Case VI losses).
##### 785A
- (1) This section applies in any case where the following conditions are satisfied—
- (a) a person (call him “P”) is entitled to receive rentals under a lease of plant or machinery,
- (b) the rentals, so far as receivable by him, fall to be brought into account as income for the purpose of calculating his tax liability,
- (c) P enters into arrangements for the transfer of his right to receive some or all of the rentals to another person,
- (d) apart from this section, some or all of the amount or value of the consideration for the transfer (“the relevant portion of the consideration”) would fall to be brought into account neither—
- (i) as income, nor
- (ii) as a capital allowances disposal receipt,
for the purpose of calculating P’s tax liability.
- (2) In any such case, the relevant portion of the consideration—
- (a) shall be treated for tax purposes as income of P,
- (b) shall be taxable as rentals receivable by P under the lease (apart from any transfer of his right to receive some or all of the rentals), and
- (c) shall be brought into account in a period of account to the extent that it is receivable in that period of account.
- (3) Any reference to the transfer from P to another person of a right to receive rentals includes a reference to any arrangement under which rental ceases to form part of the receipts taken into account as income for the purposes of calculating P’s tax liability.
- (4) Where P is a partnership, any reference in this section to calculating P’s tax liability includes a reference to calculating the tax liability of the partners, notwithstanding that the partnership has legal personality.
- (5) A partnership has legal personality for the purposes of subsection (4) above if it is regarded as a legal person, or as a body corporate, under the law of the country or territory under which it is formed.
- (5A) This section does not apply in so far as section 774B or 774D (structured finance arrangements) applies in relation to the arrangements mentioned in paragraph (c) of subsection (1) above as a result of the transfer mentioned in that paragraph.
- (6) In this section—
- “*capital allowances disposal receipt*” means a disposal receipt within the meaning of Part 2 of the Capital Allowances Act 2001 (see section 60 of that Act);
- “*lease*” includes an underlease, sublease, tenancy or licence and an agreement for any of those things;
- “*tax liability*” means liability to income tax or corporation tax.
##### 785B
- (1) This section applies if—
- (a) an apportionment under section 747(3) would fall to be made as regards an accounting period (“*the relevant accounting period*”) of a controlled foreign company,
- (b) but for a relevant failure, section 748(1)(ba) or (bb) would have prevented such an apportionment, and
- (c) a company resident in the United Kingdom (“the UK resident company”) has a relevant interest in the controlled foreign company in that period.
- (2) “*Relevant failure*” means—
- (a) in the case of section 748(1)(ba), one or both of the following—
- (i) a failure to satisfy the requirement of paragraph 12E of Schedule 25 (requirement as to company's UK connection) in circumstances where the requirement would be satisfied if the reference in sub-paragraph (3)(a) of that paragraph to 10% were a reference to 50%, and
- (ii) a failure to satisfy the requirement of paragraph 12F of that Schedule (finance income and relevant IP income) in circumstances where the relevant IP income of the controlled foreign company for the accounting period does not exceed 5% of the company's gross income for that period, and
- (b) in the case of section 748(1)(bb), a failure to satisfy the requirement of paragraph 12M of that Schedule (finance income).
- (3) The UK resident company may make an application to the Commissioners for Her Majesty's Revenue and Customs for the chargeable profits of the controlled foreign company for the relevant accounting period (“the chargeable profits”) to be reduced to an amount specified in the application (“*the specified amount*”).
The specified amount may be nil.
- (4) If the Commissioners grant the application—
- (a) the chargeable profits are treated as reduced to the specified amount, and
- (b) the controlled foreign company's creditable tax (if any) for that period is treated as reduced by so much of that tax as, on a just and reasonable basis, relates to the reduction in the chargeable profits,
for the purpose of applying section 747(3) to (5) for determining the sum (if any) chargeable on the UK resident company under section 747(4)(a) (but for no other purpose).
- (5) The Commissioners may grant the application only if—
- (a) they are satisfied that the specified amount is not less than the relevant amount, and
- (b) they have not previously granted an application made by the UK resident company in respect of the relevant accounting period under section 751A or 751AC.
- (6) “*The relevant amount*” means—
- (a) if the relevant failure is within subsection (2)(a), the sum of—
- (i) the excess finance and IP income (if any) for the relevant accounting period, and
- (ii) in a case where there is a failure specified in subsection (2)(a)(i), so much (if any) of the net chargeable profits for that period as are not excluded by subsection (8), and
- (b) if the relevant failure is within subsection (2)(b)—
- (i) the amount (if any) by which the controlled foreign company's finance income for the relevant accounting period exceeds 5% of its gross income for that period, or
- (ii) if that amount is a negligible amount, nil.
- (7) “The excess finance and IP income” for the relevant accounting period means—
- (a) the amount (if any) by which the total of the controlled foreign company's finance income and relevant IP income for that period exceeds 5% of its gross income for that period, or
- (b) if that amount is a negligible amount, nil.
- (8) Net chargeable profits are excluded by this subsection if, and to the extent that, they can reasonably be regarded—
- (a) as representing the net economic value which—
- (i) arises to the appropriate body of persons (taken as a whole), and
- (ii) is created directly by qualifying work, or
- (b) as not being wholly or partly attributable, directly or indirectly, to transactions with persons within the charge to United Kingdom tax.
- (9) In subsection (8)(a) “*qualifying work*” means work which—
- (a) is done in the territory in which the controlled foreign company is resident, and
- (b) is done in that territory by individuals working for the controlled foreign company there.
- (10) A transaction with a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there is within subsection (8)(b) only if the transaction is attributable to activities carried on through that establishment.
- (11) For the purposes of subsections (8) and (9)—
- (a) section 751A(5), (6) and (9) applies as it applies for the purposes of the equivalent provisions of section 751A, and
- (b) paragraph 5(2) to (5) of Schedule 25 (residence of controlled foreign company) applies as it applies in relation to Part 2 of that Schedule.
- (a) there is an unconditional obligation, under a lease of plant or machinery or a relevant arrangement, to make a relevant capital payment (at any time), or
- (b) a relevant capital payment is made under such a lease or arrangement otherwise than in pursuance of such an obligation.
- (2) The lessor is treated for corporation tax purposes as receiving income attributable to the lease of an amount equal to the amount of the capital payment.
- (3) The income is treated—
- (a) if subsection (1)(a) applies, as income for the period of account in which there is first an obligation of the kind mentioned there, and
- (b) if subsection (1)(b) applies, as income for the period of account in which the payment is made.
##### 785C
- (1) The expressions used in section 785B and this section are to be interpreted as follows.
- (2) “*Capital payment*” means any payment except one which, if made to the lessor—
- (a) would fall to be included in a calculation of the lessor's income for corporation tax purposes, or
- (b) would fall to be included in such a calculation but for section 502B (rental earnings under long funding finance lease).
- (3) “*Lease*” includes—
- (a) a licence, and
- (b) the letting of a ship or aircraft on charter or the letting of any other asset on hire,
and “*lessor*” and “*lessee*” are to be read accordingly.
- (4) “*Lease of plant or machinery*” includes a lease of plant or machinery and other property but does not include—
- (a) a lease where the income attributable to the lease received by the lessor (if any) would be chargeable to tax under Schedule A, or
- (b) a lease of plant or machinery where the lessor has incurred what would (but for section 34A of the Capital Allowances Act) be qualifying expenditure (within the meaning of Part 2 of that Act) on the plant or machinery.
- (5) “*Relevant arrangement*” means any agreement or arrangement relating to a lease of plant or machinery, including one made before the lease is entered into or after it has ended (and, accordingly, “lessor” and lessee” include prospective and former lessors and lessees).
- (6) A capital payment, in relation to a lease or relevant arrangement, is “relevant” if condition A or B is met (but this is subject to subsection (9)).
- (7) Condition A is that the capital payment is payable (or paid), directly or indirectly, by (or on behalf of) the lessee to (or on behalf of) the lessor in connection with—
- (a) the grant, assignment, novation or termination of the lease, or
- (b) any provision of the lease or relevant arrangement (including the variation or waiver of any such provision).
- (8) Condition B is that rentals payable under the lease are less than (or payable later than) they might reasonably be expected to be if there were no obligation to make the capital payment (and the capital payment were not made).
- (9) A capital payment is not “relevant” if or to the extent that—
- (a) the capital payment reduces (or would but for section 536 of the Capital Allowances Act reduce) the amount of expenditure incurred by the lessor for the purposes of the Capital Allowances Act in respect of the plant or machinery in question,
- (b) the capital payment is compensation for loss resulting from damage to, or damage caused by, the plant or machinery in question, or
- (c) the capital payment would fall (or falls) to be brought into account by the lessor as a disposal receipt within the meaning of Part 2 of the Capital Allowances Act (see section 60(1) of that Act).
- (10) References to payment include the provision of value by any means other than the making of a payment, and accordingly—
- (a) references to the making of a payment include the passing of value (by any other means), and
- (b) references to the amount of the payment include the value passed.
##### 785D
- (1) This section applies if section 785B applies in relation to a lease of plant or machinery and other property (see section 785C(4)).
- (2) The relevant capital payment is to be apportioned, on a just and reasonable basis, between—
- (a) the plant and machinery, and
- (b) the other property.
- (3) If the income (if any) received by the lessor that is attributable to any of the plant or machinery is chargeable to tax under Schedule A, treat that plant or machinery as falling within subsection (2)(b) (and not subsection (2)(a)).
- (4) Section 785B(2) has effect as if the reference to the amount of the capital payment were to such amount as is apportioned under subsection (2) in respect of the plant or machinery within subsection (2)(a).
#### Building societies: time for payment of tax.
##### 785E
- (1) This section applies for corporation tax purposes if—
- (a) section 785B applies by virtue of subsection (1)(a) of that section, and
- (b) at any time, the lessor reasonably expects that the relevant capital payment will not be paid (or will not be paid in full).
- (2) For the purposes of calculating the profits of the lessor, a deduction is allowed for the period of account which includes that time.
- (3) The amount of the deduction is equal to the amount reasonably expected not to be paid.
- (4) No other deduction is allowed in respect of the matters mentioned in subsection (1).
#### Capital sums: . . . winding up or partnership change.
#### Section 432B: apportionment of business transfer-in
##### 793A
- (1) Where relief in respect of an amount of tax that would otherwise be payable under the law of a territory outside the United Kingdom may be allowed—
- (a) under arrangements made in relation to that territory, or
- (b) under the law of that territory in consequence of any such arrangements,
credit may not be allowed in respect of that tax, whether the relief has been used or not.
- (2) Where, under arrangements having effect by virtue of section 788, credit may be allowed in respect of an amount of tax, credit by way of unilateral relief may not be allowed in respect of that tax.
- (3) Where arrangements made in relation to a territory outside the United Kingdom contain express provision to the effect that relief by way of credit shall not be given under the arrangements in cases or circumstances specified or described in the arrangements, then neither shall credit by way of unilateral relief be allowed in those cases or circumstances.
##### 795A
- (1) The amount of credit for foreign tax which, under any arrangements, is to be allowed against tax in respect of any income or chargeable gain shall not exceed the credit which would be allowed had all reasonable steps been taken—
- (a) under the law of the territory concerned, and
- (b) under any arrangements made in relation to that territory,
to minimise the amount of tax payable in that territory.
- (2) The steps mentioned in subsection (1) above include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances; and
- (b) making elections for tax purposes.
- (3) For the purposes of subsection (1) above, any question as to the steps which it would have been reasonable for a person to take shall be determined on the basis of what the person might reasonably be expected to have done in the absence of relief under this Part against tax in the United Kingdom.
##### 797A
- (1) This section applies for the purposes of any arrangements where, in the case of any company—
- (a) any non-trading credit relating to an item is brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for any accounting period (“the applicable accounting period”); and
- (b) there is in respect of that item an amount of foreign tax for which, under the arrangements, credit is allowable against United Kingdom tax computed by reference to that interest.
- (2) It shall be assumed that tax chargeable under paragraph (a) of Case III of Schedule D on the profits and gains arising for the applicable accounting period from the company’s loan relationships falls to be computed on the actual amount of its non-trading credits for that period, and without any deduction in respect of non-trading debits.
- (3) Section 797(3) shall have effect (subject to subsection (7) below) as if—
- (a) there were for the applicable accounting period an amount equal to the adjusted amount of the non-trading debits falling to be brought into account by being set against profits of the company for that period of any description; and
- (b) different parts of that amount might be set against different profits.
- (4) For the purposes of this section, the adjusted amount of a company’s non-trading debits for any accounting period is the amount equal, in the case of that company, to the aggregate of the non-trading debits given for that period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) less the aggregate of the amounts specified in subsection (5) below.
- (5) Those amounts are—
- (a) so much of any non-trading deficit for the applicable accounting period as is an amount to which a claim under subsection (2)(c) of section 83 of the Finance Act 1996 or paragraph 4(3) of Schedule 11 to that Act (deficit carried back and set against profits) relates; and
- (aa) so much of any non-trading deficit for that period as is surrendered as group relief by virtue of section 403 of the Taxes Act 1988; and
- (b) so much of any non-trading deficit for that period as falls to be carried forward to a subsequent period in accordance with subsection (3A) of that section or paragraph 4(4) of that Schedule; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) Section 797(3) shall have effect as if any amount carried forward to the applicable accounting period under section 83(3A) of that Act were an amount capable of being allocated only to any non-trading profits of the company.
- (7) Where—
- (a) the company has a non-trading deficit for the applicable accounting period,
- (b) the amount of that deficit exceeds the aggregate of the amounts specified in subsection (5) above, and
- (c) in pursuance of a claim under—
- (i) subsection (2)(a) of section 83 of the Finance Act 1996 (deficit set against current year profits), or
- (ii) paragraph 4(2) of Schedule 11 to that Act (set-off of deficits in the case of insurance companies),
the excess falls to be set off against profits of any description,
section 797(3) shall have effect as if non-trading debits of the company which in aggregate are equal to the amount of the excess were required to be allocated to the profits against which they are set off in pursuance of the claim.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) In this section “*non-trading profits*” has the same meaning as in paragraph 4 of Schedule 8 to the Finance Act 1996.
##### 797B
- (1) This section applies for the purposes of any arrangements where, in the case of a company—
- (a) a non-trading credit relating to an item is brought into account for the purposes of Schedule 29 to the Finance Act 2002 (intangible fixed assets) for an accounting period (“*the applicable accounting period*”), and
- (b) there is in respect of that item an amount of foreign tax for which, under the arrangements, credit is allowable against United Kingdom tax computed by reference to that item.
- (2) It shall be assumed that tax chargeable under Case VI of Schedule D on the profits and gains arising for the applicable accounting period from the company’s intangible fixed assets falls to be computed on the actual amount of its non-trading credits for that period, and without any deduction in respect of non-trading debits.
- (3) Section 797(3) shall have effect as if—
- (a) there were for the applicable accounting period an amount equal to the adjusted amount of the non-trading debits falling to be brought into account by being set against profits of the company for that period of any description, and
- (b) different parts of that amount might be set against different profits.
- (4) For this purpose the adjusted amount of a company’s non-trading debits for an accounting period is given by:
$$TotalDebits-AmountCarriedForward$where—Total Debits is the aggregate amount of the company’s non-trading debits for that accounting period under Schedule 29 to the Finance Act 2002 (intangible fixed assets), andAmount Carried Forward is the amount (if any) carried forward to the next accounting period of the company under paragraph 35(3) of that Schedule (carry-forward of non-trading loss in respect of which no claim is made for it to be set against total profits of current period).$
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
##### 798A
- (1) This section has effect in relation to the application of section 797(1) to the allowance of credit for foreign tax against corporation tax in respect of trade income.
- (2) The reference in section 797(1) to the relevant income or gain shall be treated as referring only to income arising or gains accruing out of the transaction, arrangement or asset in connection with which the credit for foreign tax arises.
- (3) In determining for the purposes of section 797(1) the amount of corporation tax attributable to any income or gain, there shall be taken into account—
- (a) deductions or expenses which would be allowable in the computation of the taxpayer's liability,
- (b) a reasonable apportionment of allowable deductions or expenses which relate partly to the transaction, arrangement or asset from which the income or gain arises and partly to other matters, and
- (c) expenses of a company connected (within the meaning given by section 839) with the taxpayer, in so far as reasonably attributable to the income or gain.
- (4) In this section and section 798B “*trade income*” means—
- (a) income or profits chargeable to tax under Case I, II or V of Schedule D,
- (b) profits of a Schedule A business computed in same way as the profits of a trade in accordance with section 21A of ICTA,
- (c) sums charged to tax under Case VI of Schedule D in accordance with section 104 of ICTA, and
- (d) any other income or profits which by a provision of ICTA is chargeable to tax under, or computed in accordance with, Case I of Schedule D;
but this section shall not apply in relation to income to which section 804C below applies.
##### 798B
- (1) Where—
- (a) a credit for foreign tax arises in connection with an asset, and
- (b) the asset is in a hedging relationship with a derivative contract,
in the application of section 798A(2) the reference to the income arising out of the asset shall be taken as a reference to the income arising out of the asset and the derivative contract taken together (but taking account of the income or loss from the derivative contract only in so far as reasonably attributable to the hedging relationship).
- (2) For the purposes of subsection (1)(b) an asset is in a hedging relationship with a derivative contract if—
- (a) the asset is acquired as a hedge of risk in connection with the contract, or
- (b) the contract is entered into as a hedge of risk in connection with the asset;
and if an asset or a contract is wholly or partly designated as a hedge for the purposes of a person's accounts, that shall be conclusive for the purpose of this subsection.
- (3) Where royalties (as defined in arrangements having effect by virtue of section 788) are paid in respect of an asset in more than one jurisdiction outside the United Kingdom, for the purposes of section 798A(2)—
- (a) royalty income arising in more than one jurisdiction (other than the United Kingdom) in a year of assessment in respect of that asset shall be treated as income arising from a single transaction, arrangement or asset, and
- (b) credits available for foreign tax in respect of the royalty income shall be aggregated accordingly.
- (4) If a person (“A”) carrying on a trade giving rise to trade income enters into a scheme or arrangement with another person (“B”) a main purpose of which is to alter the effect of section 798A in relation to A, income received in pursuance of the scheme or arrangement shall be treated for the purposes of section 798A as trade income of B (and not as income of A).
- (5) Where—
- (a) transactions, arrangements or assets are treated by a taxpayer as a series or group (the “portfolio”),
- (b) a number of credits for foreign tax arise in respect of the portfolio, and
- (c) either—
- (i) it is not reasonably practicable to prepare a separate computation of income or gain for the purposes of section 798A(2) in respect of each transaction, arrangement or asset, or
- (ii) a separate computation of income or gain in respect of each transaction, arrangement or asset for the purposes of section 798A(2) would not, compared with an aggregated computation, make a material difference to the amount of credit for foreign tax which is allowable,
the income or gains arising from the portfolio, or part of the portfolio, may be aggregated and apportioned for the purposes of section 798A(2) in a fair and reasonable manner.
##### 798C
- (1) This section applies where the application of section 796(1) or 797(1) prevents an amount of credit for foreign tax from being allowable against income tax or corporation tax.
- (2) The taxpayer's income shall be treated as reduced by the amount of disallowed credit.
- (3) Subsection (2) applies only in so far as the amount of disallowed credit does not exceed the amount of any loss attributable to the income or gain in respect of which the foreign tax was paid.
- (4) For the purpose of subsection (3), payment of the foreign tax is to be taken into account despite section 795(2).
##### 801A
- (1) This section applies where—
- (a) a company (“*the claimant company*”) makes a claim for an allowance by way of credit in accordance with this Part;
- (b) the claim relates to underlying tax on a dividend paid to that company by a company resident outside the United Kingdom (“*the overseas company*”);
- (c) that underlying tax is or includes an amount in respect of tax (“*the high rate tax*”) payable by—
- (i) the overseas company, or
- (ii) such a third, fourth or successive company as is mentioned in section 801,
at a rate in excess of the relievable rate; and
- (d) the whole or any part of the amount in respect of the high rate tax which is or is included in the underlying tax would not be, or be included in, that underlying tax but for the existence of, or for there having been, an avoidance scheme.
- (2) Where this section applies, the amount of the credit to which the claimant company is entitled on the claim shall be determined as if the high rate tax had been tax at the relievable rate, instead of at a rate in excess of that rate.
- (3) For the purposes of this section tax shall be taken to be payable at a rate in excess of the relievable rate if, and to the extent that, the amount of that tax exceeds the amount that would represent tax on the relevant profits at the relievable rate.
- (4) In subsection (3) above “*the relevant profits*”, in relation to any tax, means the profits of the overseas company or, as the case may be, of the third, fourth or successive company which, for the purposes of this Part, are taken to bear that tax.
- (5) In this section “*the relievable rate*” means the rate of corporation tax in force when the dividend mentioned in subsection (1)(b) above was paid.
- (6) In this section “*an avoidance scheme*” means any scheme or arrangement which—
- (a) falls within subsection (7) below; and
- (b) is a scheme or arrangement the purpose, or one of the main purposes, of which is to have an amount of underlying tax taken into account on a claim for an allowance by way of credit in accordance with this Part.
- (7) A scheme or arrangement falls within this subsection if the parties to it include both—
- (a) the claimant company, a company related to that company or a person connected with the claimant company; and
- (b) a person who was not under the control of the claimant company at any time before the doing of anything as part of, or in pursuance of, the scheme or arrangement.
- (8) In this section “*arrangement*” means an arrangement of any kind, whether in writing or not.
- (9) For the purposes of this section, whether a person is connected with another is determined in accordance with section 839.
- (10) Subsection (5) of section 801 (meaning of “*related company*”) shall apply for the purposes of this section as it applies for the purposes of that section.
- (11) For the purposes of this section a person who is a party to a scheme or arrangement shall be taken to have been under the control of the claimant company at all the following times, namely—
- (a) any time when that company would have been taken (in accordance with section 416) to have had control of that person for the purposes of Part XI;
- (b) any time when that company would have been so taken if that section applied (with the necessary modifications) in the case of partnerships and unincorporated associations as it applies in the case of companies; and
- (c) any time when that person acted in relation to that scheme or arrangement, or any proposal for it, either directly or indirectly under the direction of that company.
##### 801B
- (1) This section applies where—
- (a) a company (“*company A*”) resident outside the United Kingdom has paid tax under the law of a territory outside the United Kingdom in respect of any of its profits;
- (b) some or all of those profits become profits of another company resident outside the United Kingdom (“*company B*”) otherwise than by virtue of the payment of a dividend to company B; and
- (c) company B pays a dividend out of those profits to another company (“*company C*”), wherever resident.
- (2) Where this section applies, this Part shall have effect, so far as relating to the determination of underlying tax in relation to any dividend paid—
- (a) by any company resident outside the United Kingdom (whether or not company B),
- (b) to a company resident in the United Kingdom,
as if company B had paid the tax paid by company A in respect of those profits of company A which have become profits of company B as mentioned in subsection (1)(b) above.
- (3) But the amount of relief under this Part which is allowable to a company resident in the United Kingdom shall not exceed the amount which would have been allowable to that company had those profits become profits of company B by virtue of the payment of a dividend by company A to company B.
##### 801C
- (1) This section applies in any case where—
- (a) by virtue only of section 748(1)(a), no apportionment under section 747(3) falls to be made as regards an accounting period of a controlled foreign company; and
- (b) one or more of the dividends paid by the controlled foreign company by virtue of which the condition in paragraph (a) above is satisfied are dividends falling within subsection (2) below.
- (2) A dividend falls within this subsection if, for the purposes of Part I of Schedule 25, the whole or any part of it falls to be treated by virtue of paragraph 4 of that Schedule as paid by the controlled foreign company to a United Kingdom resident.
- (3) If, in a case where this section applies,—
- (a) an initial dividend is paid to a company resident outside the United Kingdom, and
- (b) that company, or any other company which is related to it, pays an intermediate dividend which for the purposes of paragraph 4 of Schedule 25 to any extent represents that initial dividend,
subsection (4) below shall have effect in relation to the UK recipient concerned.
- (4) Where this subsection has effect, it shall be assumed for the purposes of allowing credit relief under this Part to that UK recipient—
- (a) that, instead of the intermediate dividend, the dividends described in subsection (5) below had been paid and the circumstances had been as described in subsection (6) or (7) below, as the case may be; and
- (b) that any tax paid under the law of any territory in respect of the intermediate dividend, or which is underlying tax in relation to that dividend, had instead fallen to be borne accordingly (taking account of any reduction falling to be made under section 799(2)).
- (5) The dividends mentioned in subsection (4)(a) above are—
- (a) as respects each of the initial dividends which are, for the purposes of paragraph 4 of Schedule 25, to any extent represented by the intermediate dividend, a separate dividend (an “*ADP dividend*”) representing, and of an amount equal to, so much of that initial dividend as is for those purposes represented by the intermediate dividend; and
- (b) a further separate dividend (a “*residual dividend*”) representing, and of an amount equal to, the remainder (if any) of the intermediate dividend.
- (6) As respects each of the ADP dividends, the intermediate company is to be treated as if it were a separate company whose distributable profits are of a constitution corresponding to, and an amount equal to, that of the ADP dividend.
- (7) As respects the residual dividend (if any), the relevant profits out of which it is to be regarded for the purposes of section 799(1) as paid by the intermediate company are, in consequence of subsection (6) above, to be treated as being of such constitution and amount as remains after excluding accordingly so much of those relevant profits as constitute the whole or any part of the distributable profits out of which the ADP dividends are paid.
- (8) If, in a case where this section applies, an intermediate company also pays a dividend which is not an intermediate dividend (an “*independent dividend*”) and either—
- (a) that dividend is paid to a United Kingdom resident, or
- (b) if it is not so paid, a dividend which to any extent represents it is paid by a company which is related to that company and resident outside the United Kingdom to a United Kingdom resident,
subsection (9) below shall have effect in relation to the United Kingdom resident.
- (9) Where this subsection has effect, it shall be assumed for the purposes of allowing credit relief under this Part to the United Kingdom resident—
- (a) that the relevant profits out of which the independent dividend is to be regarded for the purposes of section 799(1) as paid by the intermediate company are, in consequence of subsection (6) above, to be treated as being of such constitution and amount as remains after excluding so much of those relevant profits as constitute the whole or any part of the distributable profits out of which the ADP dividends are paid; and
- (b) that any tax paid under the law of any territory in respect of the independent dividend, or which is underlying tax in relation to that dividend, had instead fallen to be borne accordingly (taking account of any reduction falling to be made under section 799(2)).
- (10) For the purposes of this section—
- (a) a controlled foreign company is an “ADP controlled foreign company" as respects any of its accounting periods if the condition in paragraph (a) of subsection (1) above is satisfied as respects that accounting period;
- (b) an “initial dividend" (subject to subsection (14) below) is any of the dividends mentioned in paragraph (b) of subsection (1) above paid by an ADP controlled foreign company; and
- (c) a “*subsequent dividend*” is any dividend which, in relation to one or more initial dividends, is the subsequent dividend for the purposes of paragraph 4 of Schedule 25.
- (11) In this section—
- “*distributable profits*” means a company’s profits available for distribution, determined in accordance with section 799(6);
- “*intermediate company*” means any company resident outside the United Kingdom which pays an intermediate dividend;
- “*intermediate dividend*” means any dividend which is paid by a company resident outside the United Kingdom and which—for the purposes of paragraph 4 of Schedule 25, to any extent represents one or more initial dividends paid by other companies; andeither is the subsequent dividend in the case of those initial dividends or is itself to any extent represented for those purposes by a subsequent dividend;
- “*the UK recipient*” means the United Kingdom resident to whom a subsequent dividend is paid.
- (12) Where—
- (a) one company pays a dividend (“*dividend A*”) to another company, and
- (b) that other company, or a company which is related to it, pays a dividend (“*dividend B*”) to another company,
then, for the purposes of this section, dividend B represents dividend A, and dividend A is represented by dividend B, to the extent that dividend B is paid out of profits which are derived, directly or indirectly, from the whole or part of dividend A.
- (13) Sub-paragraph (2) of paragraph 4 of Schedule 25 (related companies) shall apply for the purposes of this section as it applies for the purposes of that paragraph.
- (14) Where an intermediate company which is an ADP controlled foreign company pays a dividend—
- (a) by virtue of which (whether taken alone or with other dividends) the condition in subsection (1)(a) above is satisfied as regards an accounting period of the company, but
- (b) which also for the purposes of paragraph 4 of Schedule 25 to any extent represents one or more initial dividends paid by other ADP controlled foreign companies,
the dividend shall not be regarded for the purposes of this section as an initial dividend paid by the company, to the extent that it so represents initial dividends paid by other ADP controlled foreign companies.
##### 803A
- (1) This section applies in any case where, under the law of a territory outside the United Kingdom, tax is payable by any one company resident in that territory (“*the responsible company*”) in respect of the aggregate profits, or aggregate profits and aggregate gains, of that company and one or more other companies so resident, taken together as a single taxable entity.
- (1A) Where—
- (a) a company is (within the meaning of section 801) an ADP controlled foreign company as respects any of its accounting periods, and
- (b) the whole or any part of the profits or gains of that accounting period are included in the aggregate profits, or aggregate profits or gains, mentioned in subsection (1) above,
subsection (2) below shall have effect as if the companies mentioned in subsection (1) above did not include that company.
- (2) Where this section applies, this Part shall have effect, so far as relating to the determination of underlying tax in relation to any dividend paid by any of the companies mentioned in subsection (1) above (the “*non-resident companies*”) to another company (“*the recipient company*”), as if—
- (a) the non-resident companies, taken together, were a single company,
- (b) anything done by or in relation to any of the non-resident companies (including the payment of the dividend) were done by or in relation to that single company, and
- (c) that single company were related to the recipient company, if that one of the non-resident companies which actually pays the dividend is related to the recipient company,
(so that, in particular, the relevant profits for the purposes of section 799(1) is a single aggregate figure in respect of that single company and the foreign tax paid by the responsible company is foreign tax paid by that single company).
- (3) For the purposes of this section a company is related to another company if that other company—
- (a) controls directly or indirectly, or
- (b) is a subsidiary of a company which controls directly or indirectly,
not less than 10 per cent. of the voting power in the first-mentioned company.
##### 804ZA
- (1) If the Board consider, on reasonable grounds, that conditions A to D are or may be satisfied in relation to any income or chargeable gain taken or to be taken into account for the purposes of determining a person's liability to tax in a chargeable period, they may give the person a notice under this section.
- (2) Condition A is that, in the case of the person, there is in respect of the income or gain an amount of foreign tax for which, under any arrangements, credit is allowable against United Kingdom tax for that chargeable period.
- (3) Condition B is that there is a scheme or arrangement the main purpose, or one of the main purposes, of which is to cause an amount of foreign tax to be taken into account in the case of the person for that chargeable period.
- (4) Condition C is that the scheme or arrangement is a prescribed scheme or arrangement.
- (5) Condition D is that the amount referred to in subsection (6) is more than a minimal amount.
- (6) The amount is the aggregate of—
- (a) the aggregate amount of the claims for credit that the person has made, or is in a position to make, for the chargeable period; and
- (b) for all the persons connected to that person, the aggregate amount of the claims for credit that the connected person has made, or is in a position to make, for a corresponding chargeable period.
- (7) A chargeable period of a person (“A”) corresponds to a chargeable period of another person (“B”) if at least one day of A's chargeable period falls within B's chargeable period.
- (8) A notice under this section is a notice—
- (a) informing the person of the Board's view under subsection (1),
- (b) specifying the chargeable period in relation to which the Board formed that view,
- (c) if the amount of foreign tax considered by the Board to satisfy condition B is an amount of underlying tax, specifying the body corporate . . . whose payment of foreign tax is relevant to that underlying tax, and
- (d) informing the person that as a consequence section 804ZB has effect in relation to him.
- (9) A notice under this section may specify the adjustments of a person's tax return that, in the view of the Board, fall to be made by him under section 804ZB(2).
- (10) The adjustments specified may, in a case where the notice given to a person specifies a body corporate resident outside the United Kingdom, include treating the body corporate as having paid or being liable to pay only so much foreign tax as would have been allowed to it as a credit if it were resident in the United Kingdom and a notice under this section had been given to it as regards an amount of foreign tax.
- (11) Schedule 28AB makes provision about what constitutes a prescribed scheme or arrangement.
- (11A) In this section “*foreign tax*” includes any tax which for the purpose of allowing credit under any arrangements against corporation tax is treated by section 801 as if it were tax payable under the law of any territory outside the United Kingdom.
- (12) In this section and sections 804ZB and 804ZC “*tax return*” means—
- (a) a return under section 8, 8A or 12AA of the Management Act, or
- (b) a company tax return;
and “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule.
##### 804ZB
- (1) This section applies in relation to a person if—
- (a) a notice under section 804ZA has been given to the person in respect of a chargeable period specified in the notice, and
- (b) the chargeable period specified is a chargeable period in relation to which conditions A to D of section 804ZA are satisfied.
- (2) The person must in his tax return for the period make (or must amend his return for the period so as to make) such adjustments as are necessary for counteracting the effects of the scheme or arrangement in that period that are referable to the purpose referred to in condition B of section 804ZA.
##### 804ZC
- (1) Subsection (2) applies if the Board give a notice to a person under section 804ZA before the person has made his tax return for the chargeable period specified in the notice.
- (2) If the person makes a tax return for that period before the end of the period of 90 days beginning with the day on which the notice is given, he may—
- (a) make a tax return that disregards the notice, and
- (b) at any time after making the return and before the end of the period of 90 days, amend the return for the purpose of complying with the notice.
- (3) If a person has made a tax return for a chargeable period, the Board may only give him a notice under section 804ZA in relation to that period if a notice of enquiry has been given to him in respect of his tax return for that period.
- (4) After any enquiries into the person's tax return for that period have been completed, the Board may only give him a notice under section 804ZA in relation to that period if the requirements in subsections (5) and (7) are satisfied.
- (5) The first requirement is that at the time the enquiries were completed, the Board could not have been reasonably expected, on the basis of the information made available to them or to an officer of theirs before that time, to have been aware that the circumstances were such that a notice under section 804ZA could have been given to the person in relation to that period.
- (6) For the purposes of subsection (5)—
- (a) section 29(6) and (7) of the Management Act (information made available) applies as it applies for the purposes of section 29(5), and
- (b) paragraph 44(2) and (3) of Schedule 18 to the Finance Act 1998 applies as it applies for the purposes of paragraph 44(1).
- (7) The second requirement is that—
- (a) the person was requested to produce, provide or furnish information during an enquiry into the return for that period, and
- (b) if the person had duly complied with the request, the Board could have been reasonably expected to give the person a notice under section 804ZA in relation to that period.
- (8) If a person is given a notice under section 804ZA in relation to a chargeable period after having made a tax return for that period, the person may amend the return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with the day on which the notice is given.
- (9) If the notice under section 804ZA is given to the person after he has been given a notice of enquiry in respect of his tax return for the period, no closure notice may be given in relation to his tax return until—
- (a) the end of the period of 90 days beginning with the day on which the notice under section 804ZA is given, or
- (b) the earlier amendment of the return for the purpose of complying with the notice.
- (10) If the notice under section 804ZA is given to the person after any enquiries into the return for the period are completed, no discovery assessment may be made as regards the income or chargeable gain to which the notice relates until—
- (a) the end of the period of 90 days beginning with the day on which the notice under section 804ZA is given, or
- (b) the earlier amendment of the return for the purpose of complying with the notice.
- (11) Subsections (2)(b) and (8) do not prevent a person's tax return for a chargeable period becoming incorrect if—
- (a) a notice under section 804ZA is given to the person in relation to that period,
- (b) the return is not amended in accordance with subsection (2)(b) or (8) for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this section—
- “*finance income*” has the meaning given by paragraph 12F(3) of Schedule 25 (with references to C read as references to the controlled foreign company);
- “*relevant IP income*” has the meaning given by paragraph 12F(4) of that Schedule;
- “*net chargeable profits*” means chargeable profits excluding so much of those profits as is directly attributable to the finance income or relevant IP income of the controlled foreign company;
- “*UK-connected gross income*” has the same meaning as in paragraph 12E of Schedule 25;
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G of that Schedule (gross income) applies for the purposes of this section as it applies for the purposes of Part 2A of that Schedule (with references to C read as references to the controlled foreign company).
#### Maximum benefits payable to members.
##### 751AC
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*discovery assessment*” means an assessment under—section 29 of the Management Act, orparagraph 41 of Schedule 18 to the Finance Act 1998;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998.
##### 804A
- (1) Subsection (2) below applies where credit for tax—
- (a) which is payable under the laws of a territory outside the United Kingdom in respect of insurance business carried on by a company through a permanent establishment in that territory, and
- (b) which is computed otherwise than wholly by reference to profits arising in that territory,
is to be allowed (in accordance with this Part) against corporation tax charged under Case I or Case VI of Schedule D in respect of the profits, computed in accordance with the provisions applicable to Case I of Schedule D, of life assurance business or gross roll-up business carried on by the company in an accounting period (in this section referred to as “*the relevant profits*”).
- (1A) For the purposes of paragraph (b) of subsection (1) above, the cases where tax payable under the laws of a territory outside the United Kingdom is “*computed otherwise than wholly by reference to profits arising in that territory*” are those cases where the charge to tax in that territory falls within subsection (1B) below.
- (1B) A charge to tax falls within this subsection if it is such a charge made otherwise than by reference to profits as (by disallowing their deduction in computing the amount chargeable) to require sums payable and other liabilities arising under policies to be treated as sums or liabilities falling to be met out of amounts subject to tax in the hands of the company.
- (2) Where this subsection applies, the amount of the credit shall not exceed the greater of—
- (a) any such part of the tax payable under the laws of the territory outside the United Kingdom as is charged by reference to profits arising in that territory, and
- (b) the shareholders’ share of the tax so payable.
- (3) For the purposes of subsection (2) above the shareholders’ share of tax payable under the laws of a territory outside the United Kingdom is so much of that tax as is represented by the fraction
$$AB$where— A is an amount equal to the amount of the relevant profits before making any deduction authorised by subsection (5) below; andB is an amount equal to the excess of—$
- (a) the amount taken into account as receipts of the company in computing those profits, apart from premiums and sums received by virtue of a claim under a reinsurance contract, over
- (b) the amounts taken into account as expenses . . . in computing those profits.
- (4) Where there is no such excess as is mentioned in subsection (3) above, or where the profits are greater than any excess, the whole of the tax payable under the laws of the territory outside the United Kingdom shall be the shareholders’ share; and (subject to that) where there are no profits, none of it shall be the shareholders’ share.
- (5) Where, by virtue of this section, the credit for any tax payable under the laws of a territory outside the United Kingdom is less than it otherwise would be, section 795(2)(a) shall not prevent a deduction being made for the difference in computing the relevant profits.
##### 804B
- (1) Where—
- (a) an insurance company carries on more than one category of long-term business in an accounting period, and
- (b) there arises to the company in that period any income or gain (“*the relevant income*”) in respect of which credit for foreign tax falls to be allowed under any arrangements,
subsection (2) below shall have effect.
- (2) In any such case, the amount of the credit for foreign tax which, under the arrangements, is allowable against corporation tax in respect of so much of the relevant income as is referable (in accordance with the provisions of sections 432ZA to 432E . . . ) to a particular category of business must not exceed the fraction of the foreign tax which, in accordance with the following provisions of this section, is attributable to that category of business.
- (3) Where the relevant income arises from an asset which is linked solely to a category of business, the whole of the foreign tax is attributable to that category of business, unless the case is one where subsection (7) below applies.
- (3A) Where the relevant income arises from foreign currency assets, the whole of the foreign tax is attributable to gross roll-up business, unless the case is one where subsection (7) below applies.
- (4) Where subsection (3) above does not apply and the category of business in question is—
- (a) basic life assurance and general annuity business, or
- (b) PHI business,
the fraction of the foreign tax that is attributable to that category of business is the fraction whose numerator is the part of the relevant income which is referable to that category by virtue of any provision of section 432A . . . and whose denominator is the whole of the relevant income.
- (5) Subsections (6) and (7) below apply where the category of business in question is gross roll-up business.
- (6) Where—
- (a) subsection (3) above does not apply, and
- (b) some or all of the relevant income is taken into account in accordance with section 83 of the Finance Act 1989 in an account in relation to which the provisions of section 432C . . . apply,
the fraction of the foreign tax that is attributable to gross roll-up business is the fraction whose numerator is the part of the relevant income which is referable to gross roll-up business by virtue of any provision of section 432C . . . and whose denominator is the whole of the relevant income.
- (7) Where some or all of the relevant income falls to be taken into account in determining in accordance with section 83(2) of the Finance Act 1989 the amount referred to in section 432E(1) as the net amount, the fraction of the foreign tax that is attributable to gross roll-up business is the fraction—
- (a) whose numerator is the part of the investment income taken into account in that determination which would be referable to gross roll-up business by virtue of section 432E if the investment income were the only amount included in the net amount; and
- (b) whose denominator is the whole of that investment income.
- (7A) The Treasury may by regulations amend subsection (7) above; and the regulations may include amendments having effect in relation to accounting periods during which they are made.
- (8) No part of the foreign tax is attributable to any category of business except as provided by subsections (3) to (7) above.
- (9) Where for the purposes of this section an amount of foreign tax is attributable to gross roll-up business, credit in respect of the foreign tax so attributable shall be allowed only against corporation tax in respect of profits chargeable under section 436A.
##### 804C
- (1) Where—
- (a) an insurance company carries on any category of insurance business in a period of account,
- (b) a computation in accordance with the provisions applicable to Case I of Schedule D falls to be made in relation to that category of business for that period, and
- (c) there arises to the company in that period any income or gain in respect of which credit for foreign tax falls to be allowed under any arrangements,
subsection (2) below shall have effect.
- (2) In any such case, the amount of the credit for foreign tax which, under the arrangements, is to be allowed against corporation tax in respect of so much of that income or gain as is referable to the category of business concerned (“*the relevant income*”) shall be limited by treating the amount of the relevant income as reduced in accordance with subsections (3) and (4) below.
- (3) The first limitation is to treat the amount of the relevant income as reduced (but not below nil) for the purposes of this Chapter by the amount of expenses (if any) attributable to the relevant income.
- (4) If—
- (a) the amount of the relevant income after any reduction under subsection (3) above,
exceeds
- (b) the relevant fraction of the profits of the category of business concerned for the period of account in question which are chargeable to corporation tax,
the second limitation is to treat the relevant income as further reduced (but not below nil) for the purposes of this Chapter to an amount equal to that fraction of those profits.
In this subsection any reference to the profits of a category of business is a reference to those profits after the set off of any losses of that category of business which have arisen in any previous accounting period.
- (5) In determining the amount of the credit for foreign tax which is to be allowed as mentioned in subsection (2) above, the relevant income shall not be reduced except in accordance with that subsection.
- (6) For the purposes of subsection (3) above, the amount of expenses attributable to the relevant income is the appropriate fraction of the total relevant expenses of the category of business concerned for the period of account in question.
- (7) In subsection (6) above, the “*appropriate fraction*” means the fraction—
- (a) whose numerator is the amount of the relevant income before any reduction in accordance with subsection (2) above, and
- (b) whose denominator is the total income of the category of business concerned for the period of account in question,
unless the denominator so determined is nil, in which case the denominator shall instead be the amount described in subsection (8) below.
- (8) That amount is so much in total of the income and gains—
- (a) which arise to the company in the period of account in question, and
- (b) in respect of which credit for foreign tax falls to be allowed under any arrangements,
as are referable to the category of business concerned (before any reduction in accordance with subsection (2) above).
- (9) In subsection (4) above, the “*relevant fraction*” means the fraction—
- (a) whose numerator is the amount of the relevant income before any reduction in accordance with subsection (2) above; and
- (b) whose denominator is the amount described in subsection (8) above.
- (10) Where a 75 per cent subsidiary of an insurance company is acting in accordance with a scheme or arrangement and—
- (a) the purpose, or one of the main purposes, of that scheme or arrangement is to prevent or restrict the application of subsection (2) above to the insurance company, and
- (b) the subsidiary does not carry on insurance business of any description,
the amount of corporation tax attributable (apart from this subsection) to any item of income or gain arising to the subsidiary shall be found by setting off against that item the amount of expenses that would be attributable to it under subsection (3) above if that item had arisen directly to the insurance company.
- (11) Where the credit allowed for any tax payable under the laws of a territory outside the United Kingdom is, by virtue of subsection (2) above, less than it would be if the relevant income were not treated as reduced in accordance with that subsection, section 795(2)(a) shall not prevent a deduction being made for the difference in computing the profits of the category of business concerned.
- (12) Where, by virtue of subsection (10) above, the credit allowed for any tax payable under the laws of a territory outside the United Kingdom is less than it would be apart from that subsection, section 795(2)(a) shall not prevent a deduction being made for the difference in computing the income of the 75 per cent subsidiary.
- (13) For the purposes of the operation of this section in relation to any income or gain in respect of which credit falls to be allowed under any arrangements, the amount of the income or gain that is referable to a category of insurance business is the same fraction of the income and gain as the fraction of the foreign tax that is attributable to that category of business in accordance with section 804B.
- (14) This section shall be construed—
- (a) in accordance with section 804D, where the category of business concerned is life assurance business or gross roll-up business; and
- (b) in accordance with section 804E, where the category of business concerned is not life assurance business or gross roll-up business.
##### 804D
- (1) This section has effect for the interpretation of section 804C where the category of business concerned is life assurance business or gross roll-up business.
- (2) The “total income" of the category of business concerned for the period of account in question is the amount (if any) by which—
- (a) so much of the total income shown in the revenue account in the periodical return of the company concerned for that period as is referable to that category of business,
exceeds
- (b) so much of any commissions payable and any expenses of management incurred in connection with the acquisition of the business, as shown in that return, so far as referable to that category of business.
- (3) Where any amounts fall to be brought into account in accordance with section 83 of the Finance Act 1989, the amounts that are referable to the category of business concerned shall be determined for the purposes of subsection (2) above in accordance with sections 432B to 432G.
- (4) The “total relevant expenses" of the category of business concerned for any period of account is the amount of the claims incurred—
- (a) increased by any increase in the liabilities of the company, or
- (b) reduced (but not below nil) by any decrease in the liabilities of the company.
- (5) For the purposes of subsection (4) above, the amounts to be taken into account in the case of any period of account are the amounts as shown in the company’s periodical return for the period so far as referable to the category of business concerned.
##### 804E
- (1) This section has effect for the interpretation of section 804C where the category of business concerned is not life assurance business or gross roll-up business.
- (2) The “total income" of the category of business concerned for any period of account is the amount (if any) by which—
- (a) the sum of the amounts specified in subsection (3) below,
exceeds
- (b) the sum of the amounts specified in subsection (4) below.
- (3) The amounts mentioned in subsection (2)(a) above are—
- (a) earned premiums, net of reinsurance;
- (b) investment income and gains;
- (c) other technical income, net of reinsurance;
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The amounts mentioned in subsection (2)(b) above are—
- (a) acquisition costs;
- (b) the change in deferred acquisition costs;
- (c) losses on investments.
- (5) The “total relevant expenses" of the category of business concerned for any period of account is the sum of—
- (a) the claims incurred, net of reinsurance,
- (b) the changes in other technical provisions, net of reinsurance,
- (c) the change in the equalisation provision, and
- (d) investment management expenses,
unless that sum is a negative amount, in which case the total relevant expenses shall be taken to be nil.
- (6) The amounts to be taken into account for the purposes of the paragraphs of subsections (3) to (5) above are the amounts taken into account for the purposes of corporation tax.
- (7) Expressions used—
- (a) in the paragraphs of subsections (3) to (5) above, and
- (b) in the provisions of section B of Schedule 9A to the Companies Act 1985 (form and content of accounts of insurance companies and groups) which relate to the profit and loss account format (within the meaning of paragraph 7(1) of that section),
have the same meaning in those paragraphs as they have in those provisions.
##### 804F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 804G
- (1) This section applies if—
- (a) an exempt period in relation to a controlled foreign company ends in accordance with paragraph 15F(2) of Schedule 25 (time exempt period ends if there is an early termination event), other than by reason of an early termination event within paragraph 15F(3)(b),
- (b) an accounting period (“*the relevant accounting period*”) of the company ends after that exempt period but before the time the exempt period would have ended had paragraph 15F(2) of that Schedule not applied,
- (c) an apportionment under section 747(3) would fall to be made as regards the relevant accounting period, and
- (d) a company resident in the United Kingdom (“the UK resident company”) has a relevant interest in the controlled foreign company in that period.
- (2) The UK resident company may make an application to the Commissioners for Her Majesty's Revenue and Customs for the chargeable profits of the controlled foreign company for that accounting period (“the chargeable profits”) to be reduced to an amount (“*the specified amount*”) specified in the application (which may be nil).
- (3) If the Commissioners grant the application—
- (a) the chargeable profits are treated as reduced to the specified amount, and
- (b) the controlled foreign company's creditable tax (if any) for that period is treated as reduced by so much of that tax as, on a just and reasonable basis, relates to the reduction in the chargeable profits,
for the purpose of applying section 747(3) to (5) for determining the sum (if any) chargeable on the UK resident company under section 747(4)(a) (but for no other purpose).
- (4) The Commissioners may grant the application only if—
- (a) they are satisfied that the specified amount is not less than the relevant amount, and
- (b) they have not previously granted an application made by the UK resident company in respect of the relevant accounting period under section 751A or 751AB.
- (5) “*The relevant amount*” means the amount (if any) equal to so much of the chargeable profits as it is just and reasonable to regard as referable to—
- (a) the relevant transaction which triggered the end of the exempt period, or
- (b) any later relevant transaction occurring before the time the exempt period would have ended had paragraph 15F(2) of Schedule 25 not applied.
- (6) “*Relevant transaction*” has the meaning given by paragraph 15E of Schedule 25 (and it does not matter if the transaction occurs pursuant to an agreement entered into by the controlled foreign company before the relevant time (within the meaning of paragraph 15G of that Schedule)).
#### Taxation in respect of other business.
##### 751B
- (1) An application by a company under section 751A—
- (a) must be made in such form as the HMRC Commissioners may determine,
- (b) must be accompanied by such documents (or copies of documents) in the company's possession or power as those Commissioners may reasonably require for the purpose of determining whether to grant the application, and
- (c) must contain such information as those Commissioners may reasonably require for that purpose.
- (2) An application by a company under section 751A—
- (a) may be made at any time on or before the filing date (within the meaning of Schedule 18 to the Finance Act 1998) for the relevant company tax return of the company, and
- (b) may be amended or withdrawn at any time before the application is determined by those Commissioners.
- (3) If an application by a company under section 751A is granted after the company has delivered its relevant company tax return, it has 30 days beginning with the day on which the application is granted in which to amend that return to give effect to section 751A.
- (4) The time limits otherwise applicable to an amendment of a company tax return do not prevent an amendment being made under subsection (3).
- (5) If the HMRC Commissioners refuse an application by a company under section 751A, the company may appeal to the Special Commissioners against the refusal.
- (6) Notice of an appeal must be given in writing to the HMRC Commissioners within 30 days after the application is refused.
- (7) On an appeal—
- (a) if the Special Commissioners are satisfied that the relevant amount is a different amount from the amount specified in the application, they must direct the HMRC Commissioners to grant the application as if the amount specified in it were that different amount,
- (b) if the Special Commissioners are satisfied that the relevant amount is the amount specified in the application, they must direct the HMRC Commissioners to grant the application, and
- (c) in any other case, the Special Commissioners must confirm the refusal.
- (8) For the purposes of subsection (7) “*the relevant amount*” means the amount (if any) equal to so much of the chargeable profits mentioned in subsection (4) of section 751A as can reasonably be regarded as representing the value mentioned in that subsection.
- (9) Part 5 of the Management Act (appeals against assessments to tax), apart from section 50, applies in relation to an appeal under this section as it applies in relation to an appeal against an assessment to tax.
- (10) In this section “*relevant company tax return*”, in relation to a company, means the return for the accounting period for which—
- (a) any sum is chargeable on the company under section 747(4)(a), or
- (b) any sum would be so chargeable but for section 751A,
in respect of the chargeable profits of the controlled foreign company for the accounting period mentioned in section 751A(1).
- (11) In this section “*the HMRC Commissioners*” means the Commissioners for Her Majesty's Revenue and Customs.
#### Taxation in respect of other business: incorporated friendly societies etc.
##### 752A
- (1) This section has effect for the purpose of determining for the purposes of this Chapter who has a relevant interest in a controlled foreign company at any time; and references in this Chapter to relevant interests shall be construed accordingly.
- (2) A UK resident company which has a direct or indirect interest in a controlled foreign company has a relevant interest in the company by virtue of that interest unless subsection (3) below otherwise provides.
- (3) A UK resident company which has an indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest if it has the interest by virtue of having a direct or indirect interest in another UK resident company.
- (4) A related person who has a direct or indirect interest in a controlled foreign company has a relevant interest in the company by virtue of that interest unless subsection (5) or (6) below otherwise provides.
- (5) A related person who has an indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest if he has the interest by virtue of having a direct or indirect interest in—
- (a) a UK resident company; or
- (b) another related person.
- (6) A related person who has a direct or indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest to the extent that a UK resident company—
- (a) has the whole or any part of the same interest indirectly, by virtue of having a direct or indirect interest in the related person, and
- (b) by virtue of that indirect interest in the controlled foreign company, has a relevant interest in the company by virtue of subsection (2) above.
- (7) A person who—
- (a) has a direct interest in a controlled foreign company, but
- (b) does not by virtue of subsections (2) to (6) above have a relevant interest in the company by virtue of that interest,
has a relevant interest in the company by virtue of that interest unless subsection (8) below otherwise provides.
- (8) A person does not by virtue of subsection (7) above have a relevant interest in a controlled foreign company by virtue of having a direct interest in the company to the extent that another person—
- (a) has the whole or any part of the same interest indirectly, and
- (b) by virtue of that indirect interest, has a relevant interest in the company by virtue of subsections (2) to (6) above.
- (9) No person has a relevant interest in a controlled foreign company otherwise than as provided by subsections (2) to (8) above.
- (a) credit for foreign tax falls to be allowed to a person (“P”) under any arrangements, and
- (b) a payment is made by a tax authority to P, or any person connected with P, by reference to the foreign tax.
- (2) The amount of that credit is to be reduced by an amount equal to that payment.
- (3) Section 839 applies for the purposes of determining whether or not a person is connected with P.
### Foreign dividends: onshore pooling and utilisation of eligible unrelieved foreign tax
##### 806A
- (1) This section applies where, in any accounting period of a company resident in the United Kingdom, an amount of eligible unrelieved foreign tax arises in respect of a dividend falling within subsection (2) below paid to the company.
- (2) The dividends that fall within this subsection are any dividends chargeable under Case V of Schedule D, other than—
- (a) any dividend which is trading income for the purposes of section 393;
- (b) any dividend which, in the circumstances described in paragraphs (a) and (b) of subsection (8) of section 393, would by virtue of that subsection fall to be treated as trading income for the purposes of subsection (1) of that section;
- (c) in a case where section 801A applies, the dividend mentioned in subsection (1)(b) of that section;
- (d) in a case where section 803 applies, the dividend mentioned in subsection (1)(b) of that section;
- (e) any dividend the amount of which is, under section 811, treated as reduced.
- (3) For the purposes of this section—
- (a) the cases where an amount of eligible unrelieved foreign tax arises in respect of a dividend falling within subsection (2) above are the cases set out in subsections (4) and (5) below; and
- (b) the amounts of eligible unrelieved foreign tax which arise in any such case are those determined in accordance with section 806B.
- (4) Case A is where—
- (a) the amount of the credit for foreign tax which under any arrangements would, apart from section 797, be allowable against corporation tax in respect of the dividend,
exceeds
- (b) the amount of the credit for foreign tax which under the arrangements is allowed against corporation tax in respect of the dividend.
- (5) Case B is where the amount of tax which, by virtue of any provision of any arrangements, falls to be taken into account as mentioned in section 799(1) in the case of the dividend (whether or not by virtue of section 801(2) or (3)) is less than it would be apart from the mixer cap.
But if that is so in any case by reason only of the mixer cap restricting the amount of underlying tax that is treated as mentioned in subsection (2) or (3) of section 801 in the case of a dividend paid by a company resident in the United Kingdom, the case does not fall within Case B.
- (6) In determining whether the circumstances are as set out in subsection (4) or (5) above, sections 806C and 806D shall be disregarded.
##### 806B
- (1) This section has effect for determining the amounts of eligible unrelieved foreign tax which arise in the cases set out in section 806A(4) and (5).
- (2) In Case A, the difference between—
- (a) the amount of the credit allowed as mentioned in section 806A(4)(b), and
- (b) the greater amount of the credit that would have been so allowed if, for the purposes of subsection (2) of section 797, the rate of corporation tax payable as mentioned in that subsection were the upper percentage,
shall be an amount of eligible unrelieved foreign tax.
- (3) In Case B, the amount (if any) by which—
- (a) the aggregate of the upper rate amounts falling to be brought into account for the purposes of this paragraph by virtue of subsection (4) or (5) below, exceeds
- (b) the amount of tax to be taken into account as mentioned in section 799(1) in the case of the Case V dividend, before any increase under section 801(4B),
shall be an amount of eligible unrelieved foreign tax.
- (4) In the case of the Case V dividend (but not any lower level dividend), the upper rate amount to be brought into account for the purposes of subsection (3)(a) above—
- (a) in a case where the mixer cap does not restrict the amount of tax to be taken into account as mentioned in section 799(1) (before any increase under section 801(4B)) in the case of that dividend, is that amount of tax; or
- (b) in a case where the mixer cap restricts the amount of tax to be so taken into account in the case of that dividend, is the greater amount that would have been so taken into account if, in the application of the formula in section 799(1A) in the case of that dividend (but not any lower level dividend) M% had, in relation to—
- (i) so much of D as does not represent any lower level dividend, and
- (ii) so much of U as is not underlying tax attributable to any lower level dividend,
been the upper percentage.
- (5) In the case of any dividend (the “*relevant dividend*”) received as mentioned in subsection (2) or (3) of section 801 which is a lower level dividend in relation to the Case V dividend, the upper rate amount to be brought into account for the purposes of subsection (3)(a) above—
- (a) in a case where the mixer cap does not restrict the amount of underlying tax that is treated as mentioned in subsection (2) or (3), as the case may be, of section 801 in the case of the relevant dividend, is the appropriate portion of that amount of underlying tax;
- (b) in a case where—
- (i) the relevant dividend was paid by a company resident in the United Kingdom, and
- (ii) the mixer cap restricts the amount of underlying tax that is treated as mentioned in subsection (2) or (3), as the case may be, of section 801 in the case of that dividend,
is the appropriate portion of that restricted amount of underlying tax; or
- (c) in a case where—
- (i) the relevant dividend was paid by a company resident outside the United Kingdom, and
- (ii) the mixer cap restricts the amount of underlying tax that is treated as mentioned in subsection (2) or (3), as the case may be, of section 801 in the case of that dividend,
is the appropriate portion of the greater amount of tax that would have been so treated if, in the application of the formula in section 799(1A) in the case of that dividend (but not any other dividend) M% had, in relation to so much of D as does not represent any lower level dividend, and so much of U as is not underlying tax attributable to any lower level dividend, been the upper percentage.
- (6) For the purposes of subsection (5) above, the “*appropriate portion*” of any amount there mentioned in the case of a dividend is found by multiplying that amount by the product of the reducing fractions for each of the higher level dividends.
- (7) For the purposes of subsection (6) above, the “*reducing fraction*” for any dividend is the fraction—
- (a) whose numerator is the amount of the dividend; and
- (b) whose denominator is the amount of the relevant profits (within the meaning of section 799(1)) out of which the dividend is paid.
- (8) Any reference in this section to any tax being restricted by the mixer cap in the case of any dividend is a reference to that tax being so restricted otherwise than by virtue only of the application of the mixer cap in the case of one or more lower level dividends.
- (9) For the purpose of determining the amount described in subsection (2)(b), (4)(b) or (5)(c) above, sections 806C and 806D shall be disregarded.
- (10) In this section—
- “*related person*” means a person who—is not a UK resident company, butis connected or associated with a UK resident company which has by virtue of subsection (2) above a relevant interest in the controlled foreign company in question;
- “*UK resident company*” means a company resident in the United Kingdom.
##### 752B
- (1) For the purposes of section 752(3) above, where a person has a relevant interest in a controlled foreign company by virtue of indirectly holding issued ordinary shares of the company, the percentage of the issued ordinary shares of the company which the relevant interest represents is equal to—
$$P×S$where—P is the product of the appropriate fractions of that person and each of the share-linked companies through which he indirectly holds the shares in question, other than the lowest share-linked company; andS is the percentage of issued ordinary shares of the controlled foreign company which is held directly by the lowest share-linked company.$
- (2) In subsection (1) above and this subsection—
- “the appropriate fraction", in the case of a person who directly holds ordinary shares of a share-linked company, means that fraction of the issued ordinary shares of that company which his holding represents;
- “*the lowest share-linked company*”, in relation to a person who indirectly holds ordinary shares of a controlled foreign company, means the share-linked company which directly holds the shares in question;
- “*share-linked company*” means a company which is share-linked to the controlled foreign company in question.
- (3) Where a person has different indirect holdings of shares of the controlled foreign company (as in a case where different shares are held through different companies which are share-linked to the controlled foreign company)—
- (a) subsection (1) above shall apply separately in relation to the different holdings with any necessary modifications; and
- (b) for the purposes of section 752(3) above the percentage of the issued ordinary shares of the company which the relevant interest represents is the aggregate of the percentages resulting from those separate applications.
- (4) Where, for the purposes of subsection (3) of section 752, the percentage of the issued ordinary shares of the controlled foreign company which a person directly or indirectly holds varies during the relevant accounting period, he shall be treated for the purposes of that subsection as holding throughout that period that percentage of the issued ordinary shares of the company which is equal to the sum of the relevant percentages for each holding period in the relevant accounting period.
- (5) For the purposes of subsection (4) above—
- “holding period", in the case of any person, means a part of the relevant accounting period during which the percentage of the issued ordinary shares of the controlled foreign company which the person holds (whether directly or indirectly) remains the same;
- “the relevant percentage", in the case of a holding period, means the percentage equal to—$P×HA$where—P is the percentage of the issued ordinary shares of the controlled foreign company which the person in question directly or indirectly holds in the holding period, as calculated in accordance with subsections (1) to (3) above so far as applicable;H is the number of days in the holding period; andA is the number of days in the relevant accounting period.
##### 752C
- (1) In this section “*the relevant provisions*” means sections 752 to 752B and this section.
- (2) For the purposes of the relevant provisions—
- (a) a person has a direct interest in a company if (and only if) he has an interest in the company otherwise than by virtue of having an interest in another company;
- (b) a person has an indirect interest in a company if (and only if) he has an interest in the company by virtue of having an interest in another company;
- (c) a person indirectly holds shares of a controlled foreign company if (and only if) he directly holds ordinary shares of a company which is share-linked to the controlled foreign company.
- (3) For the purposes of the relevant provisions, a company is “share-linked" to a controlled foreign company if it has an interest in the controlled foreign company only by virtue of directly holding ordinary shares—
- (a) of the controlled foreign company, or
- (b) of the controlled foreign company or of one or more companies which are share-linked to the controlled foreign company by virtue of paragraph (a) above, or
- (c) of the controlled foreign company or of one or more companies which are share-linked to the controlled foreign company by virtue of paragraph (a) or (b) above,
and so on.
- (4) For the purposes of the relevant provisions, a company (“company A") has an intermediate interest in a controlled foreign company if (and only if)—
- (a) it has a direct or indirect interest in the controlled foreign company; and
- (b) one or more other persons have relevant interests in the controlled foreign company by virtue of having a direct or indirect interest in company A.
- (5) Any interest or shares held by a nominee or bare trustee shall be treated for the purposes of the relevant provisions as held by the person or persons for whom the nominee or bare trustee holds the interest or shares.
- (6) Where—
- (a) an interest in a controlled foreign company is held in a fiduciary or representative capacity, and
- (b) subsection (5) above does not apply, but
- (c) there are one or more identifiable beneficiaries,
the interest shall be treated for the purposes of the relevant provisions as held by that beneficiary or, as the case may be, as apportioned on a just and reasonable basis among those beneficiaries.
- (7) In the relevant provisions—
- “*bare trustee*” means a person acting as trustee—for a person absolutely entitled as against the trustee; orfor any person who would be so entitled but for being a minor or otherwise under a disability; orfor two or more persons who are or would, but for all or any of them being a minor or otherwise under a disability, be jointly so entitled;
- “ordinary shares", in the case of any company, means shares of a single class, however described, which is the only class of shares issued by the company;
- “*the relevant accounting period*” means the accounting period mentioned in section 752(1);
- “*share*” includes a reference to a fraction of a share.
##### 754A
- (1) This section applies where—
- (a) a company resident in the United Kingdom (“the UK company") has an interest in a controlled foreign company at any time during an accounting period of the controlled foreign company;
- (b) the UK company delivers a company tax return; and
- (c) at the time when the UK company delivers the company tax return, it is not established whether or not the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period.
- (2) If the UK company is of the opinion that the controlled foreign company is likely to pursue an acceptable distribution policy in relation to the accounting period, the UK company shall make the company tax return on the basis that the accounting period of the controlled foreign company is one in relation to which the controlled foreign company pursues such a policy.
- (3) If the UK company is not of the opinion that the controlled foreign company is likely to pursue an acceptable distribution policy in relation to the accounting period, the UK company shall make the company tax return on the basis that the accounting period of the controlled foreign company is one in relation to which the controlled foreign company does not pursue such a policy.
- (4) In any case where—
- (a) the UK company acts in pursuance of subsection (2) above, but
- (b) it becomes established that the controlled foreign company has not pursued an acceptable distribution policy in relation to the accounting period,
the UK company shall amend the company tax return on the basis that the accounting period is not one in relation to which the controlled foreign company pursues an acceptable distribution policy.
- “*the Case V dividend*” means the dividend mentioned in section 806A(1);
- “*higher level dividend*”, in relation to another dividend, means any dividend—by which that other dividend is to any extent represented; andwhich either is the Case V dividend or is to any extent represented by the Case V dividend;
- “*lower level dividend*”, in relation to another dividend, means any dividend which—is received as mentioned in section 801(2) or (3); andis to any extent represented by that other dividend;
- “*the relevant tax*” means—in the case of the Case V dividend, the foreign tax to be taken into account as mentioned in section 799(1); andin the case of any other dividend, the amount of underlying tax to be treated as mentioned in section 801(2) or (3) in the case of the dividend.
##### 806C
- (1) In this section “qualifying foreign dividend" means any dividend which falls within section 806A(2), other than—
- (a) an ADP dividend paid by a controlled foreign company;
- (b) so much of any dividend paid by any company as represents an ADP dividend paid by another company which is a controlled foreign company;
- (c) a dividend in respect of which an amount of eligible unrelieved foreign tax arises.
- (2) For the purposes of this section—
- (a) a “related qualifying foreign dividend" is any qualifying foreign dividend paid to a company resident in the United Kingdom by a company which, at the time of payment of the dividend, is related to that company;
- (b) an “unrelated qualifying foreign dividend" is any qualifying foreign dividend which is not a related qualifying foreign dividend.
- (3) For the purposes of giving credit relief under this Part to a company resident in the United Kingdom—
- (a) the related qualifying foreign dividends that arise to the company in an accounting period shall be aggregated;
- (b) the unrelated qualifying foreign dividends that arise to the company in an accounting period shall be aggregated;
- (c) the underlying tax in relation to the related qualifying foreign dividends that arise to the company in an accounting period shall be aggregated;
- (d) so much of the foreign tax paid in respect of the qualifying foreign dividends that arise to the company in an accounting period as is not underlying tax shall be aggregated.
- (4) Credit relief under this Part shall be given as if—
- (a) the related qualifying foreign dividends aggregated under paragraph (a) of subsection (3) above in the case of any accounting period instead together constituted a single related qualifying foreign dividend arising in that accounting period (“*the single related dividend*” arising in that accounting period);
- (b) the unrelated qualifying foreign dividends aggregated under paragraph (b) of that subsection in the case of any accounting period instead together constituted a single unrelated qualifying foreign dividend arising in that accounting period (“*the single unrelated dividend*” arising in that accounting period);
- (c) the underlying tax aggregated under paragraph (c) of that subsection for any accounting period were instead underlying tax in relation to the single related dividend arising in that accounting period (the “aggregated underlying tax" in respect of the single related dividend);
- (d) the tax aggregated under paragraph (d) of that subsection for any accounting period were instead foreign tax (other than underlying tax) paid in respect of, and computed by reference to,—
- (i) the single related dividend arising in that accounting period,
- (ii) the single unrelated dividend so arising, or
- (iii) partly the one dividend and partly the other,
(that aggregated tax being referred to as the “*aggregated withholding tax*”).
- (5) For the purposes of this section, a dividend paid by a controlled foreign company is an “*ADP dividend*” if it is a dividend by virtue of which (whether in whole or in part and whether taken alone or with one or more other dividends) no apportionment under section 747(3) falls to be made as regards an accounting period of the controlled foreign company in a case where such an apportionment would fall to be made apart from section 748(1)(a).
##### 806D
- (1) For the purposes of this section, where—
- (a) any eligible unrelieved foreign tax arises in an accounting period of a company, and
- (b) the dividend in relation to which it arises is paid by a company which, at the time of payment of the dividend, is related to that company,
that tax is “eligible underlying tax" to the extent that it consists of or represents underlying tax.
- (2) To the extent that any eligible unrelieved foreign tax is not eligible underlying tax it is for the purposes of this section “*eligible withholding tax*”.
- (3) For the purposes of giving credit relief under this Part to a company resident in the United Kingdom—
- (a) the amounts of eligible underlying tax that arise in an accounting period of the company shall be aggregated (that aggregate being referred to as the “relievable underlying tax" arising in that accounting period); and
- (b) the amounts of eligible withholding tax that arise in an accounting period of the company shall be aggregated (that aggregate being referred to as the “relievable withholding tax" arising in that accounting period).
- (4) The relievable underlying tax arising in an accounting period of the company shall be treated for the purposes of allowing credit relief under this Part as if it were—
- (a) underlying tax in relation to the single related dividend that arises in the same accounting period,
- (b) relievable underlying tax arising in the next accounting period (whether or not any related qualifying foreign dividend in fact arises to the company in that accounting period), or
- (c) underlying tax in relation to the single related dividend that arises in such one or more preceding accounting periods as result from applying the rules in section 806E,
or partly in one of those ways and partly in each or either of the others.
- (5) The relievable withholding tax arising in an accounting period of the company shall be treated for the purposes of allowing credit relief under this Part as if it were—
- (a) foreign tax (other than underlying tax) paid in respect of, and computed by reference to, the single related dividend or the single unrelated dividend that arises in the same accounting period,
- (b) relievable withholding tax arising in the next accounting period (whether or not any qualifying foreign dividend in fact arises to the company in that accounting period), or
- (c) foreign tax (other than underlying tax) paid in respect of, and computed by reference to, the single related dividend or the single unrelated dividend that arises in such one or more preceding accounting periods as result from applying the rules in section 806E,
or partly in one of those ways and partly in any one or more of the others.
- (6) The amount of relievable underlying tax or relievable withholding tax arising in an accounting period that is treated—
- (a) under subsection (4)(a) or (c) above as underlying tax in relation to the single related dividend arising in the same or any earlier accounting period, or
- (b) under subsection (5)(a) or (c) above as foreign tax paid in respect of, and computed by reference to, the single related dividend or the single unrelated dividend arising in the same or any earlier accounting period,
must not be such as would cause an amount of eligible unrelieved foreign tax to arise in respect of that dividend.
##### 806E
- (1) Where any relievable tax is to be treated as mentioned in section 806D(4)(c) or (5)(c), the rules for determining the accounting periods in question (and the amount of the relievable tax to be so treated in relation to each of them) are those set out in the following provisions of this section.
- (2) Rule 1 is that the accounting periods in question must be accounting periods beginning not more than three years before the accounting period in which the relievable tax arises.
- (3) Rule 2 is that the relievable tax must be so treated that—
- (a) credit for, or for any remaining balance of, the relievable tax is allowed against corporation tax in respect of the single dividend arising in a later one of the accounting periods beginning as mentioned in rule 1 above,
before
- (b) credit for any of the relievable tax is allowed against corporation tax in respect of the single dividend arising in any earlier such accounting period.
- (4) Rule 3 is that the relievable tax must be so treated that, before allowing credit for any of the relievable tax against corporation tax in respect of the single dividend arising in any accounting period, credit for foreign tax is allowed—
- (a) first for the aggregated foreign tax in respect of the single dividend arising in that accounting period, so far as not consisting of relievable tax arising in another accounting period; and
- (b) then for relievable tax arising in any accounting period before that in which the relievable tax in question arises.
- (5) The above rules are subject to sections 806D(6) and 806F.
- (6) In this section—
- “*aggregated foreign tax*” means aggregated underlying tax or aggregated withholding tax;
- “*relievable tax*” means relievable underlying tax or relievable withholding tax;
- “*the single dividend*” means—in relation to relievable underlying tax, the single related dividend; andin relation to relievable withholding tax, the single related dividend or the single unrelated dividend.
##### 806F
- (1) For the purposes of this Part, credit in accordance with any arrangements shall, in the case of any dividend, be given so far as possible—
- (a) for underlying tax (where allowable) before foreign tax other than underlying tax;
- (b) for foreign tax other than underlying tax before amounts treated as underlying tax; and
- (c) for amounts treated as underlying tax (where allowable) before amounts treated as foreign tax other than underlying tax.
- (2) Accordingly, where the amount of foreign tax to be brought into account for the purposes of allowing credit relief under this Part is subject to any limitation or restriction, the limitation or restriction shall be taken to have the effect of excluding foreign tax other than underlying tax before excluding underlying tax.
##### 806G
- (1) The relievable underlying tax or relievable withholding tax arising in any accounting period shall only be treated as mentioned in subsection (4) or (5) of section 806D on a claim.
- (2) Any such claim must specify the amount (if any) of that tax—
- (a) which is to be treated as mentioned in paragraph (a) of the subsection in question;
- (b) which is to be treated as mentioned in paragraph (b) of that subsection; and
- (c) which is to be treated as mentioned in paragraph (c) of that subsection.
- (3) A claim under subsection (1) above may only be made before the expiration of the period of—
- (a) six years after the end of the accounting period mentioned in that subsection; or
- (b) if later, one year after the end of the accounting period in which the foreign tax in question is paid.
##### 806H
- (1) The Board may by regulations make provision for, or in connection with, allowing a company which is a member of a group to surrender all or any part of the amount of the relievable tax arising to it in an accounting period to another company which is a member of that group at the time, or throughout the period, prescribed by the regulations.
- (2) The provision that may be made under subsection (1) above includes provision—
- (a) prescribing the conditions which must be satisfied if a surrender is to be made;
- (b) determining the amount of relievable tax which may be surrendered in any accounting period;
- (c) prescribing the conditions which must be satisfied if a claim to surrender is to be made;
- (d) prescribing the consequences for tax purposes of a surrender having been made;
- (e) allowing a claim to be withdrawn and prescribing the effect of such a withdrawal.
- (3) Regulations under subsection (1) above—
- (a) may make different provision for different cases; and
- (b) may contain such supplementary, incidental, consequential or transitional provision as the Board may think fit.
- (4) For the purposes of subsection (1) above a company is a member of a group if the conditions prescribed for that purpose in the regulations are satisfied.
##### 806J
- (1) This section has effect for the interpretation of the foreign dividend provisions of this Chapter.
- (2) In this section, “*the foreign dividend provisions of this Chapter*” means sections 806A to 806H and this section.
- (3) For the purposes of the foreign dividend provisions of this Chapter, where—
- (a) one company pays a dividend (“*dividend A*”) to another company, and
- (b) that other company, or a company which is related to it, pays a dividend (“*dividend B*”) to another company,
dividend B represents dividend A, and dividend A is represented by dividend B, to the extent that dividend B is paid out of profits which are derived, directly or indirectly, from the whole or part of dividend A.
- (4) Where—
- (a) one company is related to another, and
- (b) that other is related to a third company,
the first company shall be taken for the purposes of paragraph (b) of subsection (3) above to be related to the third, and so on where there is a chain of companies, each of which is related to the next.
- (5) In any case where—
- (a) the UK company acts in pursuance of subsection (3) above, but
- (b) it becomes established that the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period,
the UK company shall amend the company tax return on the basis that the accounting period is one in relation to which the controlled foreign company pursues an acceptable distribution policy.
- (6) Any amendment required to be made to the company tax return by virtue of subsection (4) or (5) above (“*an ADP amendment*”) shall be made by the UK company before the expiration of the period of 30 days next following the end of the period allowed for establishing an ADP in relation to the accounting period of the controlled foreign company.
- (7) Subject to subsection (8) below, the making of any ADP amendment is subject to, and must be in accordance with, the other provisions of the Corporation Tax Acts as they apply for the purposes of this Chapter.
- (8) The time limits otherwise applicable to amendment of a company tax return do not apply to an ADP amendment.
- (9) A company which fails to make an ADP amendment required by subsection (4) above within the time allowed for doing so shall be liable to a tax-related penalty under paragraph 20 of Schedule 18 to the Finance Act 1998 (penalty, not exceeding amount of tax understated, for incorrect or uncorrected return).
- (10) For the purposes of this section, if it has not previously been established whether or not the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period, it shall be taken to be established immediately after the end of the period allowed for establishing an ADP in relation to that accounting period.
- (11) In this section, “*the period allowed for establishing an ADP*” means, in relation to an accounting period of a controlled foreign company, the period ending with the expiration of—
- (a) subject to paragraph (b) below, the period of eighteen months next following the end of the accounting period; or
- (b) if the Board have, in the case of the accounting period, allowed further time under paragraph 2(1)(b) of Schedule 25, the further time so allowed.
- (12) In this section any reference to a controlled foreign company pursuing an acceptable distribution policy in relation to an accounting period shall be construed in accordance with Part I of Schedule 25.
##### 754B
- (1) This section has effect where a determination requiring the Board’s sanction is made for any of the following purposes, that is to say—
- (a) the giving of a closure notice; or
- (b) the making of a discovery assessment.
- (2) If the closure notice or, as the case may be, notice of the discovery assessment is given to any person without—
- (a) the determination, so far as it is taken into account in the closure notice or the discovery assessment, having been approved by the Board, or
- (b) notification of the Board’s approval having been served on that person at or before the time of the giving of the notice,
the closure notice or, as the case may be, the discovery assessment shall be deemed to have been given or made (and in the case of an assessment notified) in the terms (if any) in which it would have been given or made had that determination not been taken into account.
- (3) A notification under subsection (2)(b) above—
- (a) must be in writing;
- (b) must state that the Board have given their approval on the basis that—
- (i) an amount of chargeable profits, and
- (ii) an amount of creditable tax (which may be nil),
for the accounting period of the controlled foreign company in question fall to be apportioned under section 747(3) to the person in question;
- (c) must state the amounts mentioned in sub-paragraphs (i) and (ii) of paragraph (b) above; and
- (d) subject to paragraphs (a) to (c) above, may be in such form as the Board may determine.
- (4) For the purposes of this section, the Board’s approval of a determination requiring their sanction—
- (a) must be given specifically in relation to the case in question and must apply to the amount determined; but
- (b) subject to that, may be given by the Board (either before or after the making of the determination) in any such form or manner as they may determine.
- (5) In this section references to a determination requiring the Board’s sanction are references (subject to subsection (6) below) to any determination of the amount of chargeable profits or creditable tax for an accounting period of a controlled foreign company which falls to be apportioned to a particular person under section 747(3).
- (6) For the purposes of this section, a determination shall be taken, in relation to a closure notice or a discovery assessment, not to be a determination requiring the Board’s sanction if—
- (a) an agreement about the relevant amounts has been made between an officer of the Board and the person in whose case it is made;
- (b) that agreement is in force at the time of the giving of the closure notice or, as the case may be, notice of the assessment; and
- (c) the matters to which the agreement relates include the amount determined.
- (7) In paragraph (a) of subsection (6) above, “*the relevant amounts*” means—
- (a) the amount of chargeable profits, and
- (b) the amount of creditable tax (which may be nil),
for the accounting period of the controlled foreign company in question which fall to be apportioned under section 747(3) to the person mentioned in that paragraph.
- (8) For the purposes of subsection (6) above an agreement made between an officer of the Board and any person (“the taxpayer") in relation to any matter shall be taken to be in force at any time if, and only if—
- (a) the agreement is one which has been made or confirmed in writing;
- (b) that time is after the end of the period of thirty days beginning—
- (i) in the case of an agreement made in writing, with the day of the making of the agreement, and
- (ii) in any other case, with the day of the agreement’s confirmation in writing; and
- (c) the taxpayer has not, before the end of that period of thirty days, served a notice on an officer of the Board stating that he is repudiating or resiling from the agreement.
- (9) The references in subsection (8) above to the confirmation in writing of an agreement are references to the service on the taxpayer by an officer of the Board of a notice—
- (a) stating that the agreement has been made; and
- (b) setting out the terms of the agreement.
- (10) The matters that may be questioned on so much of any appeal by virtue of any provision of the Management Act or Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters) as relates to a determination the making of which has been approved by the Board for the purposes of this section shall not include the Board’s approval, except to the extent that the grounds for questioning the approval are the same as the grounds for questioning the determination itself.
- (11) In this section—
- “*closure notice*” means a notice under paragraph 32 of Schedule 18 to the Finance Act 1998 (completion of enquiry and statement of conclusions);
- “*discovery assessment*” means a discovery assessment or discovery determination under paragraph 41 of that Schedule (including an assessment by virtue of paragraph 52 of that Schedule).
##### 755A
- (1) This section applies in any case where—
- (a) an amount (“the apportioned profit") of a controlled foreign company’s chargeable profits for an accounting period falls to be apportioned under section 747(3) to a company resident in the United Kingdom (“the UK company");
- (b) the UK company carries on life assurance business in that one of its accounting periods (“the relevant accounting period") in which ends the accounting period of the controlled foreign company; and
- (c) the property or rights which represent the UK company’s relevant interest in the controlled foreign company constitute to any extent assets of the UK company’s long-term insurance fund.
- (2) Subsections (3) and (4) below apply if, in the case of the relevant accounting period, the UK company is charged to tax under the I minus E basis in respect of life assurance business.
- (3) Where this subsection applies, the “*appropriate rate*” for the purposes of section 747(4)(a) and paragraph 1 of Schedule 26 in relation to the policy holders’ part of any BLAGAB apportioned profit shall be—
- (a) if a single rate of tax under section 88(1) of the Finance Act 1989 (lower corporation tax rate on certain insurance company profits) is applicable in relation to the relevant accounting period, that rate; or
- (b) if more than one such rate of tax is applicable in relation to the relevant accounting period, the average of those rates over the whole of that period.
- (4) Where this subsection applies, the “*appropriate rate*” for the purposes of section 747(4)(a) and paragraph 1 of Schedule 26 shall be nil in relation to so much of the apportioned profit as is referable to gross roll-up business carried on by the UK company.
- (4A) In any case where—
- (a) paragraph 4 of Schedule 26 to this Act applies to a dividend received by the UK company, and
- (b) but for this subsection, subsection (4) of section 804B of this Act would apply to that dividend,
the amount of credit for foreign tax in respect of that dividend shall be treated, for the purposes of that section, as wholly attributable to basic life assurance and general annuity business.
- (5) If, in the case of the relevant accounting period, the UK company is charged to tax under Case I of Schedule D in respect of its profits from life assurance business, the “*appropriate rate*” for the purposes of—
- (a) section 747(4)(a), and
- (b) paragraph 1 of Schedule 26,
shall be nil in relation to so much of the apportioned profit as is referable to the UK company’s relevant interest so far as represented by assets of its long-term insurance fund.
- (6) If, in the case of the relevant accounting period,—
- (a) the UK company is charged to tax under the I minus E basis in respect of life assurance business,
- (b) any creditable tax of the controlled foreign company falls to be apportioned to the UK company, and
- (c) the apportioned profit is to any extent referable to gross roll-up business,
so much of the creditable tax so apportioned as is attributable to the apportioned profit so far as so referable shall be left out of account for the purposes of this Chapter, other than section 747(3) and this section, and shall be treated as extinguished.
- (7) If, in the case of the relevant accounting period,—
- (a) the UK company is charged to tax under Case I of Schedule D in respect of its profits from life assurance business, and
- (b) any creditable tax of the controlled foreign company falls to be apportioned to the UK company,
so much of the creditable tax so apportioned as is attributable to so much of the apportioned profit as is referable to the UK company’s relevant interest so far as represented by assets of the UK company’s long-term insurance fund shall be left out of account for the purposes of this Chapter, other than section 747(3) and this section, and shall be treated as extinguished.
- (8) Any set off under paragraph 1 . . . of Schedule 26 against the UK company’s liability to tax under section 747(4)(a) in respect of the apportioned profit shall be made against only so much of that liability as is attributable to the eligible part of the apportioned profit.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) For the purposes of this section, the “eligible part" of the apportioned profit is any BLAGAB apportioned profit, other than the policy holders’ part.
- (11) For the purposes of this section the policy holders' part of any BLAGAB apportioned profit is—
- (a) where subsection (11A) below applies, the whole of that profit, and
- (b) in any other case, the relevant fraction (within the meaning of subsection (11B) below) of that profit.
- (11A) This subsection applies if—
- (a) the UK company’s life assurance business is mutual business,
- (b) the policy holders' share of the UK company’s relevant profits for the relevant accounting period is equal to all those profits, or
- (c) the policy holders' share of the UK company’s relevant profits for the relevant accounting period is more than its BLAGAB profits for that period.
- (11B) The relevant fraction for the purposes of subsection (11)(b) above is the fraction arrived at by dividing—
- (a) the policy holders' share of the UK company’s relevant profits for the relevant accounting period, by
- (b) the UK company’s BLAGAB profits for that period.
- (11C) In subsections (11A) and (11B) above—
- (a) references to the policy holders' share of the UK company’s share of the relevant profits are to be construed in accordance with sections 88(3) and 89 of the Finance Act 1989, and
- (b) references to the UK company’s BLAGAB profits are to be construed in accordance with section 89(1B) of that Act.
- (12) In this section—
- “*BLAGAB apportioned profit*” means so much of the apportioned profit as is referable to basic life assurance and general annuity business carried on by the UK company;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (13) For the purposes of this section, the part of the apportioned profit which is referable to—
- (a) basic life assurance and general annuity business, or
- (ba) gross roll-up business,
carried on by the UK company is the part which would have been so referable under section 432A had the apportioned profit been a dividend paid to the UK company at the end of the accounting period mentioned in subsection (1)(a) above in respect of the property or rights which represent the UK company’s relevant interest in the controlled foreign company.
- (14) For the purposes of this section, any attribution of creditable tax to a particular part of the apportioned profit shall be made in the proportion which that part of the apportioned profit bears to the whole of the apportioned profit.
##### 755B
- (1) This section applies where—
- (a) a controlled foreign company carries on general insurance business in an accounting period;
- (b) an amount of the company’s chargeable profits, and an amount of its creditable tax (if any), for that accounting period falls to be apportioned under section 747(3) to a company resident in the United Kingdom (“the UK company");
- (c) the UK company delivers a company tax return for that one of its accounting periods in which the controlled foreign company’s accounting period ends; and
- (d) in making or amending the return, the UK company has regard to accounts of the controlled foreign company drawn up using a method falling within subsection (2) below.
- (2) The methods which fall within this subsection are—
- (a) the method described in paragraph 52 of Schedule 9A to the Companies Act 1985 (which provides for a technical provision to be made in the accounts which is later replaced by a provision for estimated claims outstanding); and
- (b) any method which would have fallen within paragraph (a) above, had final replacement of the technical provision, as described in sub-paragraph (4) of paragraph 52 of that Schedule, taken place, and been required to take place, no later than the end of the year referred to in that sub-paragraph as the third year following the underwriting year.
- (3) Where this section applies—
- (a) the UK company may make any amendments of its company tax return arising from the replacement of the technical provision in the controlled foreign company’s accounts at any time within twelve months from the date on which the provision was replaced; and
- (b) notice of intention to enquire into the return under paragraph 24 of Schedule 18 to the Finance Act 1998 may be given at any time up to two years from that date (or at any later time in accordance with the general rule in sub-paragraph (3) of that paragraph).
- (4) If, in a case where this section applies, the accounts of the controlled foreign company are drawn up using a method falling within paragraph (b) of subsection (2) above—
- (a) the controlled foreign company, and
- (b) any person with an interest in the controlled foreign company,
shall be treated for the purposes of this section as if final replacement of the technical provision, as described in sub-paragraph (4) of paragraph 52 of Schedule 9A to the Companies Act 1985, had taken place at, and been required to take place no later than, the end of the year referred to in that sub-paragraph as the third year following the underwriting year.
- (5) Regulations under section 755C may make provision with respect to the determination of the amount of the provision by which the technical provision is to be treated as replaced in cases falling within subsection (4) above.
- (6) In this section “general insurance business” means business which consists of the effecting or carrying out of contracts which fall within Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
##### 755C
- (1) The Treasury may by regulations provide for the provisions of this Chapter to have effect with prescribed modifications in any case where a non-resident company—
- (a) carries on general insurance business; and
- (b) draws up accounts relating to that business using a method falling within subsection (2) of section 755B.
- (2) Regulations under subsection (1) above may—
- (a) make different provision for different cases;
- (b) make provision having effect in relation to accounting periods of non-resident companies ending not more than one year before the date on which the regulations are made; and
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit.
- (3) In this section—
- “*general insurance business*” has the same meaning as in section 755B;
- “*non-resident company*” means a company resident outside the United Kingdom;
- “*prescribed*” means prescribed in regulations under this section.
##### 755D
- (1) For the purposes of this Chapter “control", in relation to a company, means the power of a person to secure—
- (a) by means of the holding of shares or the possession of voting power in or in relation to the company or any other company, or
- (b) by virtue of any powers conferred by the articles of association or other document regulating the company or any other company,
that the affairs of the company are conducted in accordance with his wishes.
- (2) Where two or more persons, taken together, have the power mentioned in subsection (1) above, they shall be taken for the purposes of this Chapter to control the company.
- (3) The 40 per cent test in this subsection is satisfied in the case of one of two persons who, taken together, control a company if that one of them has interests, rights and powers representing at least 40 per cent of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the company.
- (4) The 40 per cent test in this subsection is satisfied in the case of one of two persons who, taken together, control a company if that one of them has interests, rights and powers representing—
- (a) at least 40 per cent, but
- (b) not more than 55 per cent,
of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the company.
- (5) For the purposes of this Chapter any question—
- (a) whether a company is controlled by a person, or by two or more persons taken together, or
- (b) whether, in the case of any company, the applicable 40 per cent test is satisfied in the case of each of two persons who, taken together, control the company,
shall be determined after attributing to each of the persons all the rights and powers mentioned in subsection (6) below that are not already attributed to that person for the purposes of subsections (1) to (4) above.
- (6) The rights and powers referred to in subsection (5) above are—
- (a) rights and powers which the person is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of other persons, to the extent that they are rights or powers falling within subsection (7) below;
- (c) if the person is resident in the United Kingdom, rights and powers of any person who is resident in the United Kingdom and connected with the person; and
- (d) if the person is resident in the United Kingdom, rights and powers which for the purposes of subsection (5) above would be attributed to a person who is resident in the United Kingdom and connected with the person (a “*UK connected person*”) if the UK connected person were himself the person.
- (7) Rights and powers fall within this subsection to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the person;
- (ii) under the direction of the person; or
- (iii) for the benefit of the person; and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (8) In subsections (6)(b) to (d) and (7) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (9) In paragraph (d) of subsection (6) above, the reference to rights and powers which would be attributed to a UK connected person if he were the person includes a reference to rights and powers which, by applying that paragraph wherever one person resident in the United Kingdom is connected with another person, would be so attributed to him through a number of persons each of whom is resident in the United Kingdom and connected with at least one of the others.
- (10) In determining for the purposes of this section whether one person is connected with another in relation to a company, subsection (7) of section 839 shall be disregarded.
- (11) References in this section—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
### Meaning of offshore fund
#### Conditions for tax exempt business.
##### 756A
- (1) In this Chapter references to an offshore fund are to a collective investment scheme constituted by—
- (a) a company that is resident outside the United Kingdom, or
- (b) a unit trust scheme the trustees of which are not resident in the United Kingdom, or
- (c) arrangements not falling within paragraph (a) or (b) taking effect by virtue of the law of a territory outside the United Kingdom and which under that law create rights in the nature of co-ownership (without restricting that expression to its meaning in the law of any part of the United Kingdom).
- (2) Subsection (1) has effect subject to—
- section 756B (treatment of umbrella funds), and
- section 756C (treatment of funds comprising more than one class of interest).
- (3) In this section “*collective investment scheme*” means any arrangements which are a collective investment scheme for the purposes of Part 17 of the Financial Services and Markets Act 2000 (see section 235 of that Act and orders made under subsection (5) of that section) or would be if the words “, within a period appearing to him to be reasonable,” were omitted from section 236(3)(a) of that Act.
- (4) But the reference to offshore funds in section 760(3)(a) does not include any arrangements which are not a collective investment scheme for the purposes of that Part of that Act.
### Treatment of umbrella funds
##### 756B
- (1) In this Chapter, an “*umbrella fund*” means an offshore fund—
- (a) which provides arrangements for separate pooling of the contributions of the participants and the profits or income out of which payments are made to them; and
- (b) under which the participants are entitled to exchange rights in one pool for rights in another;
and references in this Chapter to a part of an umbrella fund are to such of the arrangements as relate to a separate pool.
- (2) For the purposes of this Chapter (except subsection (1))—
- (a) each part of an umbrella fund shall be regarded as a separate offshore fund, and
- (b) the umbrella fund as a whole shall not be regarded as an offshore fund.
- (3) In this Chapter, in relation to a part of an umbrella fund—
- (a) a reference to the assets of an offshore fund is to such of the assets of the umbrella fund as under the arrangements form part of the separate pool to which that part of the umbrella fund relates;
- (b) a reference to the income of an offshore fund is to the income arising from those assets;
- (c) a reference to a person having an interest in an offshore fund is to a person for the time being having an interest in that separate pool; and
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the umbrella fund being a non-qualifying fund.
### Treatment of funds comprising more than one class of interest
##### 756C
- (1) For the purposes of this Chapter where there is more than one class of interest in an offshore fund (the “*main fund*”)—
- (a) each class of interest shall be regarded as a separate offshore fund, and
- (b) the main fund shall not be regarded as an offshore fund.
- (2) In this section, references to a class of interest in an offshore fund do not include—
- (a) a part of an umbrella fund which is regarded as an offshore fund by virtue of section 756B, or
- (b) a class of interest in an offshore fund which by virtue of section 759(5), (6) or (8) is not a material interest in the fund.
- (3) In this Chapter, in relation to a class of interest in an offshore fund—
- (a) a reference to the assets of an offshore fund is to the assets of the main fund;
- (b) a reference to the income of an offshore fund is to such of the income of the main fund as is attributable to interests of that class under the arrangements constituting the main fund;
- (c) a reference to a person having an interest in an offshore fund is to a person for the time being having an interest of that class; and
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the main fund being a non-qualifying fund.
#### Maximum benefits payable to members.
##### 762ZA
- (1) Chapter 2 of Part 13 of ITA 2007 (transfer of assets abroad) applies in relation to an offshore income gain arising to a person resident or domiciled outside the United Kingdom as if the offshore income gain were income becoming payable to the person.
- (2) Income treated as arising under that Chapter by virtue of subsection (1) is regarded as “*foreign*” for the purposes of section 726, 730 or 735 of that Act.
- (3) Subsection (1) does not apply in relation to an offshore income gain if (and to the extent that) it is treated, by virtue of section 762(1), as arising to a person resident or ordinarily resident in the United Kingdom.
- (4) The following provisions apply if section 762(2) applies in relation to an offshore income gain (“the relevant offshore income gain”).
- (5) If—
- (a) by virtue of section 762(3) an offshore income gain is treated as arising in a tax year to a person resident or ordinarily resident in the United Kingdom, and
- (b) it is so treated by reason of the relevant offshore income gain (or part of it),
for that and subsequent tax years subsection (1) does not apply in relation to the relevant offshore income gain (or that part).
- (6) If, by virtue of subsection (1) as it applies in relation to the relevant offshore income gain, income is treated under Chapter 2 of Part 13 of ITA 2007 as arising in a tax year, reduce (with effect from the following tax year) the OIG amount in question by the amount of the income.
##### 762ZB
- (1) This section applies to income treated as arising under section 761(1) to an individual in a tax year if—
- (a) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for that year, and
- (b) the individual is not domiciled in the United Kingdom in that year.
- (2) Treat the income as relevant foreign income of the individual.
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis)—
- (a) treat any consideration obtained on the disposal of the asset as deriving from the income, and
- (b) unless the consideration so obtained is of an amount equal to the market value of the asset, treat the asset as deriving from the income.
- (4) In subsection (3)—
- (a) “*the asset*” means the asset the disposal of which causes the income to be treated as arising, and
- (b) “*the disposal*” means the disposal mentioned in paragraph (a).
##### 762A
- (1) This section applies where—
- (a) classes of interest in an offshore fund (the “*main fund*”) are treated as separate offshore funds under section 756C; and
- (b) as the result of—
- (i) a reorganisation within the meaning of section 126 of the 1992 Act, or
- (ii) a conversion of securities within the meaning of section 132 of that Act,
a person exchanges an interest of one class (A) in the main fund for an interest of another class (B) in that fund.
- (2) Where—
- (a) the interest of class A—
- (i) is at the time of the exchange an interest in a non-qualifying offshore fund, or
- (ii) has been an interest in such a fund at any material time, and
- (b) the interest of class B is at the time of the exchange an interest in a fund which is certified by the Board as a distributing offshore fund,
section 127 of the 1992 Act (equation of original shares and new holding) shall not prevent the exchange constituting a disposal for the purposes of this Chapter.
- (3) Any such disposal shall be treated as a disposal for a consideration equal to the market value of the rights at the time of the exchange.
- (4) In this section—
- “*class of interest*” has the same meaning as in section 756C(1);
- “*material time*” has the same meaning as in section 757.
##### 765A
- (1) Section 765(1) shall not apply to a transaction which is a movement of capital to which Article 1 of the Directive of the Council of the European Communities dated 24th June 1988 No. [88/361/EEC](https://www.legislation.gov.uk/european/directive/1988/0361) applies.
- (2) Where if that Article did not apply to it a transaction would be unlawful under section 765(1), the body corporate in question (that is to say, the body corporate resident in the United Kingdom) shall—
- (a) give to the Board within six months of the carrying out of the transaction such information relating to the transaction, or to persons connected with the transaction, as regulations made by the Board may require, and
- (b) where notice is given to the body corporate by the Board, give to the Board within such period as is prescribed by regulations made by the Board (or such longer period as the Board may in the case allow) such further particulars relating to the transaction, to related transactions, or to persons connected with the transaction or related transactions, as the Board may require.
#### Authorised unit trusts.
##### 767A
- (1) Where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“*the tax-payer company*”),
- (b) any corporation tax assessed on the tax-payer company for an accounting period beginning before the change remains unpaid at any time after the relevant date, and
- (c) any of the three conditions mentioned below is fulfilled,
any person mentioned in subsection (2) below may be assessed by the Board and charged (in the name of the tax-payer company) to an amount of corporation tax in accordance with this section.
- (2) The persons are—
- (a) any person who at any time during the relevant period before the change in the ownership of the tax-payer company had control of it;
- (b) any company of which the person mentioned in paragraph (a) above has at any time had control within the period of three years before that change.
- (3) In subsection (2) above, “*the relevant period*” means—
- (a) the period of three years before the change in the ownership of the tax-payer company; or
- (b) if during the period of three years before that change (“*the later change*”) there was a change in the ownership of the tax-payer company (“*the earlier change*”), the period elapsing between the earlier change and the later change.
- (4) The first condition is that—
- (a) at any time during the period of three years before the change in the ownership of the tax-payer company the activities of a trade or business of that company cease or the scale of those activities become small or negligible; and
- (b) there is no significant revival of those activities before that change occurs.
- (5) The second condition is that at any time after the change in the ownership of the tax-payer company, but under arrangements made before that change, the activities of a trade or business of that company cease or the scale of those activities become small or negligible.
- (6) The third condition is that—
- (a) at any time during the period of six years beginning three years before the change in the ownership of the tax-payer company there is a major change in the nature or conduct of a trade or business of that company;
- (b) there is a transfer or there are transfers of assets of the tax-payer company to a person mentioned in subsection (7) below or to any person under arrangements which enable any of those assets or any assets representing those assets to be transferred to a person mentioned in subsection (7) below;
- (c) that transfer occurs or those transfers occur during the period of three years before the change in the ownership of the tax-payer company or after that change but under arrangements made before that change; and
- (d) the major change mentioned in paragraph (a) above is attributable to that transfer or those transfers.
- (7) The persons are—
- (a) any person mentioned in subsection (2)(a) above; and
- (b) any person connected with him.
- (8) The amount of tax charged in an assessment made under this section must not exceed the amount of the tax which, at the time of that assessment, remains unpaid by the tax-payer company.
- (9) For the purposes of this section the relevant date is the date six months from the date on which the corporation tax is assessed as mentioned in subsection (1)(b) above.
- (10) Any assessment made under this section shall not be out of time if made within three years from the date on which the liability of the tax-payer company to corporation tax for the accounting period mentioned in subsection (1)(b) above is finally determined.
##### 767AA
- (1) Where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“the transferred company"),
- (b) any corporation tax relating to an accounting period ending on or after the change has been assessed on the transferred company or an associated company,
- (c) that tax remains unpaid at any time more than six months after it was assessed, and
- (d) the condition set out in subsection (2) below is fulfilled,
any person mentioned in subsection (4) below may be assessed by the Board and charged to an amount of corporation tax not exceeding the amount remaining unpaid.
- (2) The condition is that it would be reasonable (apart from this section) to infer, from either or both of—
- (a) the terms of any transactions entered into in connection with the change, and
- (b) the other circumstances of the change and of any such transactions,
that at least one of those transactions was entered into by one or more of its parties on the assumption, as regards a potential tax liability, that that liability would be unlikely to be met, or met in full, if it were to arise.
- (3) In subsection (2) above the reference to a potential tax liability is a reference to a liability to pay corporation tax which—
- (a) in circumstances which were reasonably foreseeable at the time of the change in ownership, or
- (b) in circumstances the occurrence of which is something of which there was at that time a reasonably foreseeable risk,
would or might arise from an assessment made, after the change in ownership, on the transferred company or an associated company (whether or not a particular associated company).
- (4) The persons mentioned in subsection (1) above are—
- (a) any person who at any time during the relevant period had control of the transferred company;
- (b) any company of which the person mentioned in paragraph (a) above has at any time had control within the period of three years before the change in the ownership of the transferred company.
- (5) In subsection (4) above, “*the relevant period*” means—
- (a) the period of three years before the change in the ownership of the transferred company; or
- (b) if during the period of three years before that change (“the later change") there was a change in the ownership of the transferred company (“the earlier change"), the period elapsing between the earlier change and the later change.
- (6) For the purposes of this section a transaction is entered into in connection with a change in the ownership of a company if—
- (a) it is the transaction, or one of the transactions, by which that change is effected; or
- (b) it is entered into as part of a series of transactions, or scheme, of which transactions effecting the change in ownership have formed or will form a part.
- (7) For the purposes of this section—
- (a) references to a scheme are references to any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving a single transaction or two or more transactions;
- (b) it shall be immaterial in determining whether any transactions have formed or will form part of a series of transactions or scheme that the parties to any of the transactions are different from the parties to another of the transactions; and
- (c) the cases in which any two or more transactions are to be taken as forming part of a series of transactions or scheme shall include any case in which it would be reasonable to assume that one or more of them—
- (i) would not have been entered into independently of the other or others; or
- (ii) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (8) In this section references, in relation to the transferred company and an assessment to tax, to an associated company are references to any compnay (whenever formed) which, at the time of the assessment or at an earlier time after the change in ownership—
- (a) has control of the transferred company;
- (b) is a company of which the transferred company has control; or
- (c) is a company under the control of the same person or persons as the transferred company.
- (9) A person assessed and charged to tax under this section shall be assessed and charged in the name of the company by whom the tax to which the assessment relates remains unpaid.
- (10) Any assessment made under this section shall not be out of time if made within three years from the date of the final determination of the liability of the company by whom the tax remains unpaid to corporation tax for the accounting period for which that tax was assessed.
##### 767B
- (1) In relation to corporation tax assessed under section 767A—
- (a) section 86 of the Management Act (interest on overdue tax), in so far as it has effect in relation to accounting periods ending on or before 30th September 1993, and
- (b) section 87A of that Act (corresponding provision for corporation tax due for accounting periods ending after that date),
shall have effect as if the references in section 86 to the reckonable date and in section 87A to the date when the tax becomes due and payable were, respectively, references to the date which is the reckonable date in relation to the tax-payer company and the date when the tax became due and payable by the tax-payer company.
- (1A) In relation to corporation tax assessed under section 767AA, section 87A of the Management Act shall have effect as if the references to the date when the tax becomes due and payable were references to the date when the tax became due and payable by the transferred company or the associated company (as the case may be).
- (2) A payment in pursuance of an assessment under section 767A or 767AA shall not be allowed as a deduction in computing any income, profits or losses for any tax purposes; but any person making such a payment shall be entitled to recover an amount equal to the payment from the tax-payer company or the transferred company or associated company (as the case may be).
- (3) In subsection (2) above the reference to a payment in pursuance of an assessment includes a reference to a payment of interest under section 86 or 87A of the Management Act (as they have effect by virtue of subsection (1) above).
- (4) For the purposes of sections 767A, 767AA and 767C, “*control*”, in relation to a company, shall be construed in accordance with section 416 as modified by subsections (5) and (6) below.
- (5) In subsection (2)(a) for “the greater part of” there shall be substituted “50 per cent. of”.
- (6) For subsection (3) there shall be substituted—
- (”) Where two or more persons together satisfy any of the conditions in subsection (2) above and do so by reason of having acted together to put themselves in a position where they will in fact satisfy the condition in question, each of those persons shall be treated as having control of the company.”
- (7) In section 767A(6) “*a major change in the nature or conduct of a trade or business*” includes any change mentioned in any of paragraphs (a) to (d) of section 245(4); and also includes a change falling within any of those paragraphs which is achieved gradually as the result of a series of transfers.
- (8) In section 767A(6) “*transfer*”, in relation to an asset, includes any disposal, letting or hiring of it, and any grant or transfer of any right, interest or licence in or over it, or the giving of any business facilities with respect to it.
- (9) Section 839 shall apply for the purposes of section 767A(7).
- (10) Subsection (9) of section 768 shall apply for the purposes of sections 767A and 767AA as it applies for the purposes of section 768.
##### 767C
- (1) This section applies where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“the subject company"); and
- (b) in connection with that change a person (“the seller") may be or become liable to be assessed and charged to corporation tax under section 767A or 767AA.
- (2) The Board may by notice require any person to supply to them—
- (a) any document in the person’s possession or power which appears to the Board to be relevant for determining any one or more of the matters referred to in subsection (3) below; or
- (b) any particulars which appear to them to be so relevant.
- (3) Those matters are—
- (a) whether the seller is or may become liable as mentioned in subsection (1) above and the extent of the liability or potential liability; and
- (b) whether the subject company or an associated company is or may become liable to be assessed to any tax in respect of which the seller is or could become liable as mentioned in subsection (1) above, and the extent of the liability or potential liability of the subject company or associated company.
- (4) Without prejudice to the following provisions of this section, the references in subsection (2) above to documents and particulars are references to the documents and particulars specified or described in the notice.
- (5) A notice under subsection (2) above must specify the period, which must not be less than 30 days, within which the notice must be complied with.
- (6) Any person to whom any documents are supplied under this section may take copies of them or of any extracts from them.
- (7) A notice under subsection (2) above shall not oblige a person to supply any documents or particulars relating to the conduct of any pending appeal relating to tax.
- (8) In relation to any notice under subsection (2) above—
- (a) subsection (4) of section 20B of the Taxes Management Act 1970 (rules relating to copies of documents) shall apply as it applies in relation to a notice under section 20(1) of that Act; and
- (b) subsections (8) to (14) of section 20B of that Act (rules about obtaining documents etc. from professional advisers) shall apply as they apply in relation to a notice under section 20(3) of that Act but as if any reference to an inspector were a reference to the Board;
and subsection (8C) of section 20 of that Act (exclusion of personal records and journalistic material) shall apply for the purposes of this section as it applies for the purposes of that section.
- (9) In this section references, in relation to the subject company and an assessment to tax, to an associated company are references to any company which, at the time of the assessment or at an earlier time after the change in ownership—
- (a) has control of the subject company;
- (b) is a company of which the subject company has control; or
- (c) is a company under the control of the same person or persons as the subject company.
- (10) In this section “*document*” means anything in which information of any description is recorded.
##### 768A
- (1) In any case where—
- (a) within any period of three years there is both a change in the ownership of a company and (either earlier or later in that period, or at the same time) a major change in the nature or conduct of a trade carried on by the company, or
- (b) at any time after the scale of the activities in a trade carried on by a company has become small or negligible, and before any considerable revival of the trade, there is a change in the ownership of the company,
no relief shall be given under section 393A(1) by setting a loss incurred by the company in an accounting period ending after the change in ownership against any profits of an accounting period beginning before the change in ownership.
- (2) Subsections (2) to (4), (8) and (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (3) This section applies in relation to changes in ownership occurring on or after 14th June 1991.
##### 768B
- (1) This section applies where there is a change in the ownership of a company with investment business and—
- (a) after the change there is a significant increase in the amount of the company’s capital; or
- (b) within the period of six years beginning three years before the change there is a major change in the nature or conduct of the business carried on by the company; or
- (c) the change in the ownership occurs at any time after the scale of the activities in the business carried on by the company has become small or negligible and before any considerable revival of the business.
- (2) For the purposes of subsection (1)(a) above, whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company shall be determined in accordance with the provisions of Part I of Schedule 28A.
- (3) In paragraph (b) of subsection (1) above “*major change in the nature or conduct of a business*” includes a major change in the nature of the investments held by the company, even if the change is the result of a gradual process which began before the period of six years mentioned in that paragraph.
- (4) For the purposes of this section—
- (a) the accounting period of the company in which the change in the ownership occurs shall be divided into two parts, the first the part ending with the change, the second the part after;
- (b) those parts shall be treated as two separate accounting periods; and
- (c) the amounts in issue for the accounting period being divided shall be apportioned to those parts.
- (5) In Schedule 28A—
- (a) Part II shall have effect for identifying the amounts in issue for the accounting period being divided; and
- (b) Part III shall have effect for the purpose of apportioning those amounts to the parts of that accounting period.
- (6) Any sums which—
- (a) are, or are treated as, expenses of management referable to the accounting period being divided, and
- (b) under Part III of Schedule 28A are apportioned to either part of that period,
shall be treated for the purposes of section 75 expenses of management referable to that part.
- (7) Any charges which under Part III of Schedule 28A are apportioned to either part of the accounting period being divided shall be treated for the purposes of sections 338 and 75 as paid in that part.
- (8) Any allowances which under Part III of Schedule 28A are apportioned to either part of the accounting period being divided shall be treated for the purposes of section 253 of the Capital Allowances Act and section 75(7) as falling to be made in that part.
- (9) In computing the total profits of the company for an accounting period ending after the change in the ownership, no deduction shall be made under section 75 by reference to—
- (a) expenses of management deductible or allowances falling to be made for an accounting period beginning before the change; or
- (b) charges paid in such an accounting period.
- (10) Part IV of Schedule 28A shall have effect for the purpose of restricting, in a case where this section applies, the debits and non-trading deficits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of the company’s loan relationships (including debits so brought into account by virtue of paragraph 14(3)of Schedule 26 to the Finance Act 2002).
- (12) Subject to the modification in subsection (13) below, subsections (6) to (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (13) The modification is that in subsection (6) of section 768 for the words “relief in respect of a company’s losses has been restricted” there shall be substituted “deductions from a company’s total profits , or the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in the case of a company in respect of its loan relationships (or its derivative contracts by virtue of paragraph 14(3) of Schedule 26 to the Finance Act 2002), have been restricted.”
- (14) In this section “*company with investment business*” has the same meaning as in Part IV.
##### 768C
- (1) This section applies where—
- (a) there is a change in the ownership of a company with investment business (“the relevant company”);
- (b) none of paragraphs (a) to (c) of section 768B(1) applies;
- (c) after the change in the ownership the relevant company acquires an asset from another company in circumstances such that section 171(1) of the 1992 Act applies to the acquisition; and
- (d) a chargeable gain (“a relevant gain”) accrues to the relevant company on a disposal of the asset within the period of three years beginning with the change in the ownership.
- (2) For the purposes of subsection (1)(d) above an asset acquired by the relevant company as mentioned in subsection (1)(c) above shall be treated as the same as an asset owned at a later time by that company if the value of the second asset is derived in whole or in part from the first asset, and in particular where the second asset is a freehold and the first asset was a leasehold and the lessee has acquired the reversion.
- (3) For the purposes of this section—
- (a) the accounting period of the relevant company in which the change in the ownership occurs shall be divided into two parts, the first the part ending with the change, the second the part after;
- (b) those parts shall be treated as two separate accounting periods; and
- (c) the amounts in issue for the accounting period being divided shall be apportioned to those parts.
- (4) In Schedule 28A—
- (a) Part V shall have effect for identifying the amounts in issue for the accounting period being divided; and
- (b) Part VI shall have effect for the purpose of apportioning those amounts to the parts of that accounting period.
- (5) Subsections (6) to (8) of section 768B shall apply in relation to the relevant company as they apply in relation to the company mentioned in subsection (1) of that section except that any reference in those subsections to Part III of Schedule 28A shall be read as a reference to Part VI of that Schedule.
- (6) Subsections (7) and (9) below apply only where, in accordance with the relevant provisions of the 1992 Act and Part VI of Schedule 28A, an amount is included in respect of chargeable gains in the total profits for the accounting period of the relevant company in which the relevant gain accrues.
- (7) In computing the total profits of the relevant company for the accounting period in which the relevant gain accrues, no deduction shall be made under section 75 by reference to—
- (a) expenses of management deductible or allowances falling to be made for an accounting period of the relevant company beginning before the change in ownership, or
- (b) charges paid in such an accounting period,
from an amount of the total profits equal to the amount which represents the relevant gain.
- (8) For the purposes of this section, the amount of the total profits for an accounting period which represents the relevant gain is—
- (a) where the amount of the relevant gain does not exceed the amount which is included in respect of chargeable gains for that period, an amount equal to the amount of the relevant gain;
- (b) where the amount of the relevant gain exceeds the amount which is included in respect of chargeable gains for that period, the amount so included.
- (9) Part IV of Schedule 28A shall have effect for the purpose of restricting, in a case where this section applies, the debits and non-trading deficits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of the relevant company’s loan relationships (including debits so brought into account by virtue of paragraph 14(3) of Schedule 26 to the Finance Act 2002).
- (11) Subsections (8) and (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (12) In this section—
- “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act; and
- “*company with investment business*” has the same meaning as in Part 4.
- (13) This section applies in relation to an asset to which Schedule 29 to the Finance Act 2002 applies (intangible fixed assets), with the following adaptations—
- (a) for the reference to section 171(1) of the 1992 Act substitute a reference to paragraph 55 of that Schedule;
- (b) for any reference to a chargeable gain under that Act substitute a reference to a chargeable realisation gain within the meaning of that Schedule that is a credit within paragraph 34(1)(a) of that Schedule (non-trading credits);
- (c) for any reference to a disposal of the asset substitute a reference to its realisation within the meaning of that Schedule;
- (d) for the reference to the relevant provisions of the 1992 Act substitute a reference to Part 6 of that Schedule.
##### 768D
- (1) This section applies where there is a change in the ownership of a company carrying on a Schedule A business and—
- (a) in the case of a company with investment business, either—
- (i) paragraph (a), (b) or (c) of section 768B(1) applies, or
- (ii) section 768C applies;
- (b) in the case of a company which is not a company with investment business, paragraph (a) or (b) of section 768(1) applies.
- (2) Where this section applies the following provisions have effect to prevent relief being given under section 392A by setting a Schedule A loss incurred by the company before the change of ownership against profits arising after the change.
- (3) The accounting period in which the change of ownership occurs is treated for that purpose as two separate accounting periods, the first ending with the change and the second consisting of the remainder of the period.
- (4) The profits or losses of the period in which the change occurs are apportioned to those two periods—
- (a) in the case of a company with investment business—
- (i) where paragraph (a), (b) or (c) of section 768B(1) applies, in accordance with Parts II and III of Schedule 28A, or
- (ii) where section 768C applies, in accordance with Parts V and VI of that Schedule, and
- (b) in the case of a company which is not a company with investment business, according to the length of the periods,
unless in any case the specified method of apportionment would work unjustly or unreasonably in which case such other method shall be used as appears just and reasonable.
- (5) Relief under section 392A(1) against total profits of the same accounting period is available only in relation to each of those periods considered separately.
- (6) A loss made in any accounting period beginning before the change of ownership may not be set off under section 392A(2) against, or deducted by virtue of section 392A(3) from—
- (a) in the case of—
- (i) a company with investment business where paragraph (a), (b) or (c) of section 768B(1) applies, or
- (ii) a company which is not a company with investment business,
profits of an accounting period ending after the change of ownership;
- (b) in the case of a company with investment business where section 768C applies, from so much of those profits as represents the relevant gain within the meaning of that section.
- (7) Subsections (8) and (9) of section 768 (time limits for assessment; information powers) apply for the purposes of this section as they apply for the purposes of that section.
- (8) In this section—
- (a) any reference to a case where paragraph (a) or (b) of section 768(1) applies includes the case where that paragraph would apply if the reference there to a trade carried on by the company were to a Schedule A business carried on by it;
- (b) “*company with investment business*” has the same meaning as in Part 4.
- (9) The provisions of this section apply in relation to an overseas property business as they apply in relation to a Schedule A business.
##### 768E
- (1) Where there is a change in the ownership of a company with investment business and either—
- (a) paragraph (a), (b) or (c) of section 768B(1) applies, or
- (b) section 768C applies,
the following provisions have effect to prevent relief being given under paragraph 35 of Schedule 29 to the Finance Act 2002 by setting a non-trading loss on intangible fixed assets incurred by the company before the change of ownership against profits arising after the change.
- (2) The accounting period in which the change of ownership occurs is treated for that purpose as two separate accounting periods, the first ending with the change and the second consisting of the remainder of the period.
- (3) The profits or losses of the period in which the change occurs are apportioned to those two periods—
- (a) where paragraph (a), (b) or (c) of section 768B(1) applies, in accordance with Parts 2 and 3 of Schedule 28A, or
- (b) where section 768C applies, in accordance with Parts 5 and 6 of that Schedule,
unless in any case the specified method of apportionment would work unjustly or unreasonably in which case such other method shall be used as appears just and reasonable.
- (4) Relief under paragraph 35 of Schedule 29 to the Finance Act 2002 against total profits of the same accounting period is available only in relation to each of those periods considered separately.
- (5) A loss made in any accounting period beginning before the change of ownership may not be set off under paragraph 35(3) of Schedule 29 to the Finance Act 2002 against—
- (a) in a case where paragraph (a), (b) or (c) of section 768B(1) applies, profits of an accounting period ending after the change of ownership;
- (b) in a case where section 768C applies, so much of those profits as represents the relevant gain within the meaning of that section.
- (6) Subsections (8) and (9) of section 768 (time limits for assessment; information powers) apply for the purposes of this section as they apply for the purposes of that section.
- (7) In this section “company with investment business” has the same meaning as in Part 4.
##### 770A
Schedule 28AA (which deals with provision made or imposed otherwise than at arm’s length) shall have effect.
#### Certified unit trusts: corporation tax.
### Factoring of income receipts etc
##### 774A
- (1) For the purposes of section 774B an arrangement is a structured finance arrangement in relation to a person (“*the borrower*”) if the following condition is met in relation to the borrower.
- (2) The condition is that—
- (a) under the arrangement the borrower receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (b) in accordance with generally accepted accounting practice the accounts of the borrower for that period record a financial liability in respect of the advance,
- (c) the borrower, or a person connected with the borrower, makes a disposal of an asset (“the security”) under the arrangement to or for the benefit of the lender or a person connected with the lender,
- (d) the lender, or a person connected with the lender, is entitled under the arrangement to payments in respect of the security, and
- (e) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower.
- (3) For the purposes of this section, in any case where the borrower is a partnership, references to the accounts of the borrower include the accounts of any member of the partnership.
- (4) For the purposes of this section and section 774B—
- (a) references to a person connected with the borrower do not include the lender, and
- (b) references to a person connected with the lender do not include the borrower.
##### 774B
- (1) This section applies if an arrangement is a structured finance arrangement in relation to a person (“*the borrower*”).
- (1A) If the arrangement would (disregarding this section) have had the relevant effect (see subsections (2) and (3)), the arrangement is not to have that effect.
- (1B) If the arrangement would (disregarding this section) not have had that effect, the payments mentioned in section 774A(2)(d) are to be treated for tax purposes as income of the borrower payable in respect of the security (whether or not those payments are also the income of anyone else for tax purposes).
- (2) If the borrower is a person other than a partnership, the relevant effect is that—
- (a) an amount of income on which the borrower, or a person connected with the borrower, would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of the borrower, or of a person connected with the borrower, is not so brought into account, or
- (c) the borrower, or a person connected with the borrower, becomes entitled to an income deduction.
- (3) If the borrower is a partnership, the relevant effect is that—
- (a) an amount of income on which a member of the partnership would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of a member of the partnership is not so brought into account, or
- (c) a member of the partnership becomes entitled to an income deduction.
- (4) If—
- (a) a person in relation to whom this section applies is within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the person record an amount as a finance charge in respect of the advance,
that person may treat the amount for income tax purposes as interest payable on a loan.
- (5) If a person in relation to whom this section applies is within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 as a money debt owed by the company,
- (b) the arrangement is to be treated, in relation to the company, for the purposes of that Chapter as a loan relationship of the company (as a debtor relationship), and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the company as a finance charge in respect of the advance is to be treated as interest payable under that relationship.
- (6) For the purposes of this section, in any case where the borrower is a partnership,—
- (a) references to accounts include the accounts of the partnership, and
- (b) any deemed interest is treated as payable by the partnership (whether or not the finance charge is recorded in the accounts of the partnership).
- (7) For the purpose of determining when any deemed interest in respect of the advance is paid—
- (a) the payments mentioned in section 774A(2)(d) are treated as consisting of amounts for repaying the advance and amounts (“the interest elements”) in respect of interest on the advance, and
- (b) the interest elements of those payments are treated as paid when those payments are paid,
and the deemed interest in respect of the advance is treated as paid at the times when the interest elements are treated as paid.
- (8) In this section “*deemed interest*” means any amount which is treated as interest as a result of subsection (4) or (5).
- (9) This section is subject to the exceptions contained in section 774E.
##### 774C
- (1) For the purposes of section 774D an arrangement is a structured finance arrangement in relation to a partnership (“the borrower partnership”) if condition A or B is met in relation to the borrower partnership.
- (2) Condition A is that—
- (a) a person (“the transferor partner”) disposes of an asset (“the security”) under the arrangement to the borrower partnership,
- (b) the transferor partner is a member of the borrower partnership immediately after the disposal (whether or not a member immediately before the disposal),
- (c) under the arrangement the borrower partnership receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (d) in accordance with generally accepted accounting practice the accounts of the borrower partnership for that period record a financial liability in respect of the advance,
- (e) there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender (see subsection (6)),
- (f) under the arrangement the share of the lender or person connected with the lender in the profits of the borrower partnership is determined by reference (wholly or partly) to payments in respect of the security, and
- (g) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower partnership.
- (3) For the purposes of condition A, references to the accounts of the borrower partnership include the accounts of the transferor partner.
- (4) Condition B is that—
- (a) the borrower partnership holds an asset (“the security”) as a partnership asset at any time before the arrangement is made,
- (b) under the arrangement the borrower partnership receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (c) in accordance with generally accepted accounting practice the accounts of the borrower partnership for that period record a financial liability in respect of the advance,
- (d) there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender,
- (e) under the arrangement the share of the lender or person connected with the lender in the profits of the borrower partnership is determined by reference (wholly or partly) to payments in respect of the security, and
- (f) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower partnership.
- (5) For the purposes of condition B, references to the accounts of the borrower partnership include the accounts of any person who is a member of the partnership immediately before the arrangement is made.
- (6) For the purposes of this section and section 774D there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender if directly or indirectly in consequence of, or otherwise in connection with, the arrangement—
- (a) the lender, or a person connected with the lender, becomes a member of the borrower partnership at any time, or
- (b) there is at any time a change in the share of a member of the borrower partnership in the profits of the borrower partnership in a case where that member is the lender or a person connected with the lender.
- (7) For the purposes of subsection (6)(b) the reference to a person connected with the lender includes a person who at any time becomes connected with the lender directly or indirectly in consequence of, or otherwise in connection with, the arrangement.
##### 774D
- (1) This section applies if—
- (a) an arrangement is a structured finance arrangement in relation to a partnership (“the borrower partnership”), and
- (b) any relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender would (disregarding this section) have had the following effect.
- (2) The effect is that—
- (a) an amount of income on which a relevant member of the borrower partnership would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of a relevant member of the borrower partnership is not so brought into account, or
- (c) a relevant member of the borrower partnership becomes entitled to an income deduction.
- (2A) In determining whether the condition in subsection (1)(b) is met it is to be assumed that amounts of income equal to the payments mentioned in section 774C(2)(f) or (4)(e) were payable to the borrower partnership before the time at which the relevant change in relation to its membership involving the lender or a person connected with the lender occurs.
- (3) In this section “*relevant member of the borrower partnership*” means—
- (a) in any case where condition A in section 774C is met in relation to the arrangement, the transferor partner, and
- (b) in any case where condition B in that section is met in relation to the arrangement, any person other than the lender who is a member of the borrower partnership immediately before the time at which the relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender occurs.
- (4) Part 9 of ITTOIA 2005 and section 114 above are to have effect in relation to any relevant member of the borrower partnership as if the relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender had not occurred.
Accordingly, the structured finance arrangement is not to have the effect mentioned in subsection (2).
- (5) The following provisions of this section confer relief from tax the availability of which depends on which of the conditions in section 774C is met in relation to the arrangement.
- (6) In any case where condition A in section 774C is met, if—
- (a) the transferor partner is a person within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the borrower partnership record an amount as a finance charge in respect of the advance,
the transferor partner may treat the amount for income tax purposes as interest payable by the transferor partner on a loan.
- (7) In any case where condition A in that section is met, if the transferor partner is a company within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of paragraph 19 of Schedule 9 to the Finance Act 1996 (and the other provisions of Chapter 2 of Part 4 of that Act) as a money debt owed by the borrower partnership,
- (b) the arrangement is to be treated, in relation to the company, as a transaction for the lending of money from which that debt is treated as arising for those purposes, and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the borrower partnership as a finance charge in respect of the advance is to be treated as interest payable by the company under that transaction.
- (8) For the purposes of subsections (6) and (7), references to the accounts of the borrower partnership include the accounts of the transferor partner.
- (9) In any case where condition B in section 774C is met, if—
- (a) a relevant member of the borrower partnership is a person within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the borrower partnership record an amount as a finance charge in respect of the advance,
the relevant partner may treat the amount for income tax purposes as interest payable by the borrower partnership on a loan.
- (10) In any case where condition B in that section is met, if a relevant member of the borrower partnership is a company within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of paragraph 19 of Schedule 9 to the Finance Act 1996 (and the other provisions of Chapter 2 of Part 4 of that Act) as a money debt owed by that partnership,
- (b) the arrangement is to be treated, in relation to the company, as a transaction for the lending of money from which that debt is treated as arising for those purposes, and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the borrower partnership as a finance charge in respect of the advance is to be treated as interest payable by the borrower partnership under that transaction.
- (11) For the purposes of subsections (9) and (10), references to the accounts of the borrower partnership include the accounts of any relevant member of the borrower partnership.
- (12) For the purpose of determining when any deemed interest in respect of the advance is paid—
- (a) the payments mentioned in section 774C(2)(f) or (4)(e) are treated as consisting of amounts for repaying the advance and amounts (“the interest elements”) in respect of interest on the advance, and
- (b) the interest elements of those payments are treated as paid when those payments are paid,
and the deemed interest in respect of the advance is treated as paid at the times when the interest elements are treated as paid.
- (13) In this section “*deemed interest*” means any amount which is treated as interest as a result of any of subsections (6) to (10).
- (14) This section is subject to the exceptions contained in section 774E.
##### 774E
- (1) Section 774B or 774D does not apply if the whole of the advance under the structured finance arrangement—
- (a) is charged to tax on a relevant person (see subsection (7)) as an amount of income,
- (b) is brought into account in calculating for tax purposes any income of a relevant person, or
- (c) is brought into account for the purposes of any provision of the Capital Allowances Act as a disposal receipt, or proceeds from a balancing event or disposal event, of a relevant person.
For the purposes of this subsection the effect of section 785A (rent factoring of leases of plant or machinery) is to be disregarded.
- (2) Subsection (1)(c) is not to be taken as met in any case where—
- (a) the receipt or proceeds gives rise to a balancing charge, and
- (b) the amount of the balancing charge is limited by any provision of the Capital Allowances Act.
- (3) Section 774B or 774D does not apply if, at all times, the whole of the advance under the structured finance arrangement—
- (a) is a debtor relationship of a relevant person for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships), or
- (b) would be a debtor relationship of a relevant person for those purposes if that person were a company within the charge to corporation tax.
For the purposes of this subsection references to a debtor relationship do not include a relationship to which section 100 of the Finance Act 1996 (money debts etc not arising from the lending of money) applies.
- (4) Section 774B or 774D does not apply in so far as the structured finance arrangement is an arrangement in relation to which—
- (a) section 263A of the 1992 Act (agreements for sale and repurchase of securities) applies,
- (b) Schedule 13 to the Finance Act 2007 (sale and repurchase of securities) applies, or
- (c) Chapter 5 of Part 2 of the Finance Act 2005 (alternative finance arrangements) has effect.
- (5) Section 774B or 774D does not apply in so far as—
- (a) the security under the structured finance arrangement is plant or machinery which is the subject of a sale and finance leaseback, or
- (b) the structured finance arrangement is an arrangement in relation to which sections 228B and 228C of the Capital Allowances Act apply with the modifications contained in section 228F of that Act (lease and finance leaseback).
- (6) For the purposes of subsection (5)(a), whether plant or machinery is the subject of a sale and finance leaseback is determined in accordance with section 221 of the Capital Allowances Act.
But, in applying that section, it is to be assumed that the words “and which are not a long funding lease in the case of the lessor” were omitted from section 219(1)(b) of that Act (meaning of “finance lease”).
- (7) For the purposes of this section a “*relevant person*” means—
- (a) if section 774B applies, the borrower under the structured finance arrangement, a person connected with that borrower or (if that borrower is a partnership) a member of the partnership, and
- (b) if section 774D applies, a relevant member of the borrower partnership (within the meaning of that section).
##### 774F
- (1) The Treasury may make regulations prescribing other circumstances in which section 774B or 774D is not to apply in relation to a structured finance arrangement.
- (2) Any regulations under subsection (1) may make provision amending section 774E.
- (3) The power to make regulations under subsection (1) includes—
- (a) power to make provision having effect in relation to times before the making of the regulations (but not times earlier than 6th June 2006),
- (b) power to make different provision for different cases or different purposes, and
- (c) power to make incidental, supplemental, consequential or transitional provision and savings.
##### 774G
- (1) For the purposes of sections 774A to 774D “*arrangement*” includes any agreement or understanding (whether or not legally enforceable).
- (2) For the purposes of sections 774A to 774D “*income deduction*” means—
- (a) a deduction in calculating any income for tax purposes, or
- (b) a deduction against total income or total profits.
- (3) For the purposes of sections 774A to 774D—
- (a) references to a person's receiving any asset include—
- (i) the person's obtaining directly or indirectly the value of any asset or otherwise deriving directly or indirectly any benefit from it, and
- (ii) the discharge (in whole or in part) of any liability of the person,
- (b) references to a disposal of an asset include anything which constitutes a disposal of the asset for the purposes of the 1992 Act,
- (c) references to payments in respect of any asset include—
- (i) payments in respect of any other asset substituted for it under the arrangement, and
- (ii) obtaining directly or indirectly the value of any asset or otherwise deriving directly or indirectly any benefit from it.
- (4) For the purposes of sections 774A to 774D, section 839 (connected persons) applies.
- (5) For the purposes of sections 774A to 774D references to the accounts of any person who is a company include the consolidated group accounts of a group of companies of which it is a member.
- (5A) In determining for the purposes of sections 774A to 774D whether an amount is recorded as a financial liability in respect of the advance it is to be assumed that the period of account in which the advance is received ended immediately after the receipt of the advance.
- (6) If any person does not draw up accounts in accordance with generally accepted accounting practice, sections 774A to 774D apply as if the accounts had been drawn up by the person in accordance with that practice.
- (7) Sections 277 to 281 of ITTOIA 2005 and section 34 above (lease premiums) are not to apply in relation to a premium paid in respect of a grant of a lease where the grant constitutes a disposal of an asset for the purposes of section 774A(2)(c) or 774C(2)(a).
##### 775A
- (1) This section applies in any case where—
- (a) a person sells or transfers the right to receive an annual payment to which this section applies (see subsection (4)), and
- (b) the consideration (if any) for the sale or transfer would not, apart from this section, be chargeable to tax.
- (2) In any such case, tax is charged—
- (a) in the case of income tax, under this section; or
- (b) in the case of corporation tax, under Case III of Schedule D.
- (3) Where this section applies—
- (a) the tax is charged on an amount equal to the market value of the right to receive the annual payment;
- (b) the tax is charged for the chargeable period in which the sale or transfer takes place;
- (c) the person liable for the tax is the person who sells or transfers the right to the annual payment.
- (4) This section applies to any annual payment other than—
- (a) an annual payment under a life annuity;
- (b) an annual payment under a pension annuity;
- (c) an annual payment to which section 347A applies (certain annual payments not to form part of the income of a company for corporation tax purposes);
- (d) an annual payment in respect of which, by virtue of section 727 of ITTOIA 2005 (payments by individuals arising in UK), no liability to income tax arises under Part 5 of that Act.
- (5) This section applies in relation to part of an annual payment as it applies in relation to the whole of an annual payment.
- (6) For the purposes of this section, a sale or transfer of all rights under an agreement for annual payments, or under an annuity, is a sale or transfer of the rights to each individual payment under the agreement or annuity.
- (a) a company resident outside the United Kingdom pays a dividend to a company resident in the United Kingdom, and
- (b) the circumstances are such that subsection (6)(b) of section 790 has effect in relation to that dividend,
the foreign dividend provisions of this Chapter shall have effect as if the company resident outside the United Kingdom were related to the company resident in the United Kingdom (and subsection (10) of that section shall have effect accordingly).
- (6) Subsection (5) of section 801 (related companies) shall apply for the purposes of the foreign dividend provisions of this Chapter as it applies for the purposes of that section.
- (7) In the foreign dividend provisions of this Chapter—
- “*aggregated underlying tax*” shall be construed in accordance with section 806C(4)(c);
- “*aggregated withholding tax*” shall be construed in accordance with section 806C(4)(d);
- “*controlled foreign company*” has the same meaning as in Chapter IV of Part XVII;
- “*eligible unrelieved foreign tax*” shall be construed in accordance with sections 806A and 806B;
- “*the mixer cap*” means section 799(1)(b);
- “*qualifying foreign dividend*” has the meaning given by section 806C(1);
- “*related qualifying foreign dividend*” has the meaning given by section 806C(2)(a);
- “*relievable tax*” has the meaning given by section 806E(6);
- “*relievable underlying tax*” shall be construed in accordance with 806D(3)(a);
- “*relievable withholding tax*” shall be construed in accordance with 806D(3)(b);
- “*single related dividend*” shall be construed in accordance with section 806C(4)(a);
- “*single unrelated dividend*” shall be construed in accordance with section 806C(4)(b);“the upper percentage" is 45 per cent.
### Application of foreign dividend provisions to branches or agencies in the UK of persons resident elsewhere
##### 806K
- (1) Sections 806A to 806J shall apply in relation to an amount of eligible unrelieved foreign tax arising in a chargeable period in respect of any of the income of a branch or agency in the United Kingdom of a person resident outside the United Kingdom as they apply in relation to eligible unrelieved foreign tax arising in an accounting period of a company resident in the United Kingdom in respect of any of the company’s income, but with the modifications specified in subsection (2) below.
- (2) Those modifications are—
- (a) take any reference to an accounting period as a reference to a chargeable period;
- (b) take any reference to corporation tax as including a reference to income tax;
- (bb) in relation to income tax, take any reference to a dividend chargeable under Case V of Schedule D as a reference to a dividend chargeable under Chapter 4 of Part 4 of ITTOIA 2005;
- (c) take the reference in section 806A(4)(a) to section 797 as a reference to sections 796 and 797;
- (d) in relation to income tax, for subsection (2) of section 806B substitute the subsection (2) set out in subsection (3) below.
- (3) That subsection is—
- (“) In Case A, the difference between—
- (a) the amount of the credit allowed as mentioned in section 806A(4)(b), and
- (b) the greater amount of credit that would have been so allowed if, for the purposes of section 796, the amount of income tax borne on the dividend as computed under that section were charged at a rate equal to the upper percentage,
shall be an amount of eligible unrelieved foreign tax. ".
### Unrelieved foreign tax: profits of overseas branch or agency
##### 806L
- (1) This section applies where, in any accounting period of a company resident in the United Kingdom, an amount of unrelieved foreign tax arises in respect of any of the company’s qualifying income from an overseas permanent establishment of the company.
- (2) The amount of the unrelieved foreign tax so arising shall be treated for the purposes of allowing credit relief under this Part as if it were foreign tax paid in respect of, and computed by reference to, the company’s qualifying income from the same overseas permanent establishment—
- (a) in the next accounting period (whether or not the company in fact has any such income from that source in that accounting period), or
- (b) in such one or more preceding accounting periods, beginning not more than three years before the accounting period in which the unrelieved foreign tax arises, as result from applying the rules in subsection (3) below,
or partly in the one way and partly in the other.
- (3) Where any unrelieved foreign tax is to be treated as mentioned in paragraph (b) of subsection (2) above, the rules for determining the accounting periods in question (and the amount of the unrelieved foreign tax to be so treated in relation to each of them) are that the unrelieved foreign tax must be so treated under that paragraph—
- (1) that—
- (a) credit for, or for any remaining balance of, the unrelieved foreign tax is allowed against corporation tax in respect of income of a later one of the accounting periods beginning as mentioned in that paragraph,
before
- (b) credit for any of the unrelieved foreign tax is allowed against corporation tax in respect of income of any earlier such period;
- (2) that, before allowing credit for any of the unrelieved foreign tax against corporation tax in respect of income of any accounting period, credit for foreign tax is allowed—
- (a) first for foreign tax in respect of the income of that accounting period, other than unrelieved foreign tax arising in another accounting period; and
- (b) then for unrelieved foreign tax arising in any accounting period before that in which the unrelieved foreign tax in question arises.
- (4) For the purposes of this section, the cases where an amount of unrelieved foreign tax arises in respect of any of a company’s qualifying income from an overseas permanent establishment in an accounting period are those cases where—
- (a) the amount of the credit for foreign tax which under any arrangements would, apart from section 797, be allowable against corporation tax in respect of that income,
exceeds
- (b) the amount of the credit for foreign tax which under the arrangements is allowed against corporation tax in respect of that income;
and in any such case that excess is the amount of the unrelieved foreign tax in respect of that income.
- (5) For the purposes of this section, a company’s qualifying income from an overseas permanent establishment is the profits of the overseas permanent establishment which are—
- (a) chargeable under Case I of Schedule D; or
- (b) included in the profits of gross roll-up business chargeable under Case VI of Schedule D by virtue of section 436A.
- (6) Where (whether by virtue of this subsection or otherwise) an amount of unrelieved foreign tax arising in an accounting period falls to be treated under subsection (2) above for the purposes of allowing credit relief under this Part as foreign tax paid in respect of, and computed by reference to, qualifying income of an earlier accounting period, it shall not be so treated for the purpose of any further application of this section.
- (7) In this section—
- “*life annuity*” means—a life annuity, as defined in section 657(1); ora life annuity, as defined in section 473(2) of ITTOIA 2005;
- “*pension annuity*” means an annuity which is pension income within the meaning of Part 9 of ITEPA 2003 (see section 566(2) of that Act).
#### Transitional provisions relating to unit trusts.
##### 785ZA
- (1) This section applies for corporation tax purposes if—
- (a) a company carries on a business in respect of which the company is within the charge to corporation tax,
- (b) the company carries on the business in partnership with other persons in an accounting period of the partnership,
- (c) the business (“the leasing business”) is, on any day in that period, a business of leasing plant or machinery,
- (d) the company incurs a loss in its notional business in any accounting period comprised (wholly or partly) in the accounting period of the partnership, and
- (e) the interest of the company in the leasing business during the accounting period of the partnership is not determined on an allowable basis (see subsections (2) to (4)).
- (2) The interest of the company in the leasing business during the accounting period of the partnership is determined on an allowable basis if (and only if) the following condition is met.
- (3) The condition is met if, for the purposes of section 114(2),—
- (a) the company's share in the profits or loss of the leasing business for that period is determined wholly by reference to a single percentage, and
- (b) the company's share in any relevant capital allowances for that period is determined wholly by reference to the same percentage.
- (4) For the purposes of this condition “*profits*” does not include chargeable gains.
- (5) The following restrictions apply in respect of so much of the loss incurred by the company in its notional business as derives from any relevant capital allowances (“the restricted part of the loss”).
- (6) Apart from by way of set off against any relevant leasing income, relief is not to be given to the company under any relevant loss relief provision in respect of the restricted part of the loss.
- (7) If the leasing business is a trade, relief is not to be given to the company under section 393A(1) in respect of the restricted part of the loss.
- (8) The restricted part of the loss is not available for set off by way of group relief in accordance with section 403.
- (9) For the purpose of determining how much of a loss derives from any relevant capital allowances, the loss is to be calculated on the basis that any relevant capital allowances are the final amounts to be deducted.
##### 785ZB
- (1) This section applies for the purposes of section 785ZA.
- (2) “*Business of leasing plant or machinery*” has the same meaning as in Part 3 of Schedule 10 to the Finance Act 2006 (sale etc of lessor companies etc).
- (3) “*Lease*” has the same meaning as in section 785A.
- (4) “*Notional business*”, in relation to a company, means the business—
- (a) from which the company's share in the profits or loss of the leasing business is treated under section 114(2) as deriving for the purposes of the charge to corporation tax, and
- (b) which is treated under that provision as carried on alone by the company for those purposes.
- (5) “*Plant or machinery*” has the same meaning as in Part 2 of the Capital Allowances Act.
- (6) “*Relevant capital allowance*” means an allowance under Part 2 of the Capital Allowances Act in respect of expenditure incurred on the provision of plant or machinery wholly or partly for the purposes of the leasing business.
- (7) “*Relevant leasing income*” means any income of the company's notional business deriving from any lease—
- (a) which is a lease of plant or machinery, and
- (b) which was entered into before the end of the accounting period of the company in which the loss in its notional business was incurred.
- (8) “*Relevant loss relief provision*” means any of the following provisions—
- (a) section 392A (Schedule A losses),
- (b) section 392B (losses from overseas property businesses),
- (c) section 393 (trade losses),
- (d) section 396 (Case VI losses).
##### 785A
- (1) This section applies in any case where the following conditions are satisfied—
- (a) a person (call him “P”) is entitled to receive rentals under a lease of plant or machinery,
- (b) the rentals, so far as receivable by him, fall to be brought into account as income for the purpose of calculating his tax liability,
- (c) P enters into arrangements for the transfer of his right to receive some or all of the rentals to another person,
- (d) apart from this section, some or all of the amount or value of the consideration for the transfer (“the relevant portion of the consideration”) would fall to be brought into account neither—
- (i) as income, nor
- (ii) as a capital allowances disposal receipt,
for the purpose of calculating P’s tax liability.
- (2) In any such case, the relevant portion of the consideration—
- (a) shall be treated for tax purposes as income of P,
- (b) shall be taxable as rentals receivable by P under the lease (apart from any transfer of his right to receive some or all of the rentals), and
- (c) shall be brought into account in a period of account to the extent that it is receivable in that period of account.
- (3) Any reference to the transfer from P to another person of a right to receive rentals includes a reference to any arrangement under which rental ceases to form part of the receipts taken into account as income for the purposes of calculating P’s tax liability.
- (4) Where P is a partnership, any reference in this section to calculating P’s tax liability includes a reference to calculating the tax liability of the partners, notwithstanding that the partnership has legal personality.
- (5) A partnership has legal personality for the purposes of subsection (4) above if it is regarded as a legal person, or as a body corporate, under the law of the country or territory under which it is formed.
- (5A) This section does not apply in so far as section 774B or 774D (structured finance arrangements) applies in relation to the arrangements mentioned in paragraph (c) of subsection (1) above as a result of the transfer mentioned in that paragraph.
- “*overseas permanent establishment*” means a permanent establishment through which a company carries on a trade in a territory outside the United Kingdom; and
- “*permanent establishment*”—if there are arrangements having effect under section 788 in relation to the territory concerned that define the expression, has the meaning given by those arrangements, andif there are no such arrangements, or if they do not define the expression, has the meaning given by section 148 of the Finance Act 2003.
##### 806M
- (1) This section has effect for the purposes of section 806L and shall be construed as one with that section.
- (2) If, in any accounting period, a company ceases to have a particular overseas permanent establishment, the amount of any unrelieved foreign tax which arises in that accounting period in respect of the company’s income from that overseas permanent establishment shall, to the extent that it is not treated as mentioned in section 806L(2)(b), be reduced to nil (so that no amount arises which falls to be treated as mentioned in section 806L(2)(a)).
- (3) If a company—
- (a) at any time ceases to have a particular overseas permanent establishment in a particular territory (“*the old permanent establishment*”), but
- (b) subsequently again has an overseas permanent establishment in that territory (“*the new permanent establishment*”),
the old permanent establishment and the new permanent establishment shall be regarded as different overseas permanent establishments.
- (4) If, under the law of a territory outside the United Kingdom, tax is charged in the case of a company resident in the United Kingdom in respect of the profits of two or more of its overseas permanent establishments in that territory, taken together, then, for the purposes of—
- (a) section 806L, and
- (b) subsection (3) above,
those overseas permanent establishments shall be treated as if they together constituted a single overseas permanent establishment of the company.
- (5) Unrelieved foreign tax arising in respect of qualifying income from a particular overseas permanent establishment in any accounting period shall only be treated as mentioned in subsection (2) of section 806L on a claim.
- (6) Any such claim must specify the amount (if any) of the unrelieved foreign tax—
- (a) which is to be treated as mentioned in paragraph (a) of that subsection; and
- (b) which is to be treated as mentioned in paragraph (b) of that subsection.
- (7) A claim under subsection (5) above may only be made before the expiration of the period of—
- (a) six years after the end of the accounting period mentioned in that subsection, or
- (b) if later, one year after the end of the accounting period in which the foreign tax in question is paid.
##### 807A
- (1) This Part shall have effect for the purposes of corporation tax in relation to any company as if tax falling within subsection (2) below were to be disregarded.
- (2) Subject to subsection (2A) below, tax falls within this subsection in relation to a company to the extent that it is—
- (a) tax under the law of a territory outside the United Kingdom; and
- (b) is attributable, on a just and reasonable apportionment,
- (i) to interest accruing under a loan relationship at a time when the company is not a party to the relationship ; or
- (ii) to so much of a relevant payment as, on such an apportionment, is attributable to a time when the company is not a party to the derivative contract concerned.
- (2A) Tax attributable to interest accruing to a company under a loan relationship does not fall within subsection (2) above if—
- (a) at the time when the interest accrues, that company has ceased to be a party to that relationship by reason of having made the initial transfer under or in accordance with any repo or stock-lending arrangements relating to that relationship; and
- (b) that time falls during the period for which those arrangements have effect.
- (2B) Where, in the case of any share, section 91A or 91B of the Finance Act 1996 (shares treated as loan relationships) applies in relation to a company for an accounting period, this section has effect—
- (a) in relation to a distribution in respect of the share as it has effect in relation to interest under a loan relationship, and
- (b) in relation to a distribution accruing in respect of the share at a time when the company does not (within the meaning of the section in question) hold the share as it applies in relation to interest accruing under a loan relationship at a time when the company is not a party to the loan relationship.
- (3) Subject to subsections (1), (4) and (5) of this section, where—
- (a) any non-trading credit relating to an amount of interest under a loan relationship is brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in the case of any company,
- (b) that amount falls, as a result of any related transaction other than the initial transfer under or in accordance with any repo or stock-lending arrangements relating to that relationship, to be paid to a person other than the company, and
- (c) had the company been entitled, at the time of that transaction, to receive a payment of an amount of interest equal to the amount of interest to which the non-trading credit relates, the company would have been liable in respect of the amount of interest received to an amount of tax under the law of a territory outside the United Kingdom,
credit for that amount of tax shall be allowable under section 790(4) as if that amount of tax were an amount of tax paid under the law of that territory in respect of the amount of interest to which the non-trading credit relates.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The Treasury may by regulations provide for subsection (3) above to apply—
- (a) in the case of trading credits, as well as in the case of non-trading credits;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) Regulations under subsection (5) above may—
- (a) provide for subsection (3) above to apply in the case of a trading credit . . . only if the circumstances are such as may be described in the regulations;
- (b) provide for subsection (3) above to apply, in cases where it applies by virtue of any such regulations, subject to such exceptions, adaptations or other modifications as may be specified in the regulations;
- (c) make different provision for different cases; and
- (d) contain such incidental, supplemental, consequential and transitional provision as the Treasury think fit.
- (6A) In this section “*repo or stock-lending arrangements*” means—
- (a) a debtor repo within the meaning of paragraph 2 of Schedule 13 to the Finance Act 2007, or
- (b) a stock lending arrangement within the meaning of section 263B of the 1992 Act.
- (6B) In any case where a debtor repo within the meaning of that paragraph constitutes the repo or stock-lending arrangements—
- (a) a reference in this section, in relation to those arrangements, to the initial transfer is to the sale mentioned in condition C of that paragraph; and
- (b) a reference in this section, in relation to those arrangements, to the period for which they have effect is to the period from the making of the initial transfer until the earlier of the time when the subsequent purchase mentioned in condition D of that paragraph takes place and the time when it becomes apparent that that subsequent purchase will not take place.
- (6C) In any case where a stock lending arrangement within the meaning of section 263B of the 1992 Act constitutes the repo or stock-lending arrangements—
- (a) a reference in this section, in relation to those arrangements, to the initial transfer is to the transfer mentioned in subsection (1)(a) of that section; and
- (b) a reference in this section, in relation to those arrangements, to the period for which they have effect is to the period from the making of the initial transfer until the earlier of the time when the transfer mentioned in subsection (1)(b) of that section takes place and the time when it becomes apparent that that transfer will not take place.
- (7) In this section—
- “*related transaction*” has the same meaning as in section 84 of the Finance Act 1996;
- “*relevant payment*” means a payment the amount of which falls to be determined (wholly or mainly) by applying to a notional principal amount specified in a derivative contract, for a period so specified, a rate the value of which at all times is the same as that of a rate of interest so specified;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and
- “*trading credit*” means any credit falling to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in accordance with section 82(2) of that Act.
##### 808A
- (1) Subsection (2) below applies where any arrangements having effect by virtue of section 788—
- (a) make provision, whether for relief or otherwise, in relation to interest (as defined in the arrangements), and
- (b) make provision (the special relationship provision) that where owing to a special relationship the amount of the interest paid exceeds the amount which would have been paid in the absence of the relationship, the provision mentioned in paragraph (a) above shall apply only to the last-mentioned amount.
- (2) The special relationship provision shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the relationship,
- (b) the amount which the loan would have been in the absence of the relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the relationship.
- (3) The special relationship provision shall be construed as requiring the taxpayer to show that there is no special relationship or (as the case may be) to show the amount of interest which would have been paid in the absence of the special relationship.
- (4) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing subsection (2) above.
- (5) Subsection (2) above does not apply where the special relationship provision expressly requires regard to be had to the debt on which the interest is paid in determining the excess interest (and accordingly expressly limits the factors to be taken into account).
##### 808B
- (1) Subsection (2) below applies where any arrangements having effect by virtue of section 788—
- (a) make provision, whether for relief or otherwise, in relation to royalties (as defined in the arrangements), and
- (b) make provision (the special relationship provision) that where owing to a special relationship the amount of the royalties paid exceeds the amount which would have been paid in the absence of the relationship, the provision mentioned in paragraph (a) above shall apply only to the last-mentioned amount.
- (2) The special relationship provision shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the agreement under which the royalties are paid would have been made at all in the absence of the relationship,
- (b) the rate or amounts of royalties and other terms which would have been agreed in the absence of the relationship, and
- (c) where subsection (3) below applies, the factors specified in subsection (4) below.
- (3) This subsection applies if the asset in respect of which the royalties are paid, or any asset which that asset represents or from which it is derived, has previously been in the beneficial ownership of—
- (a) the person who is liable to pay the royalties,
- (b) a person who is, or has at any time been, an associate of the person who is liable to pay the royalties,
- (c) a person who has at any time carried on a business which, at the time when the liability to pay the royalties arises, is being carried on in whole or in part by the person liable to pay those royalties, or
- (d) a person who is, or has at any time been, an associate of a person who has at any time carried on such a business as is mentioned in paragraph (c) above.
- (4) The factors mentioned in subsection (2)(c) above are—
- (a) the amounts which were paid under the transaction, or under each of the transactions in the series of transactions, as a result of which the asset has come to be an asset of the beneficial owner for the time being,
- (b) the amounts which would have been so paid in the absence of a special relationship, and
- (c) the question whether the transaction or series of transactions would have taken place in the absence of such a relationship.
- (5) The special relationship provision shall be construed as requiring the taxpayer to show—
- (a) the absence of any special relationship, or
- (b) the rate or amount of royalties that would have been payable in the absence of the relationship,
as the case may be.
- (6) The requirement on the taxpayer to show in accordance with subsection (5)(a) above the absence of any special relationship includes a requirement—
- (a) to show that no person of any of the descriptions in paragraphs (a) to (d) of subsection (3) above has previously been the beneficial owner of the asset in respect of which the royalties are paid, or of any asset which that asset represents or from which it is derived, or
- (b) to show the matters specified in subsection (7) below,
as the case may be.
- (7) Those matters are—
- (a) that the transaction or series of transactions mentioned in subsection (4)(a) above would have taken place in the absence of a special relationship, and
- (b) the amounts which would have been paid under the transaction, or under each of the transactions in the series of transactions, in the absence of such a relationship.
- (8) Subsection (2) above does not apply where the special relationship provision expressly requires regard to be had to the use, right or information for which royalties are paid in determining the excess royalties (and accordingly expressly limits the factors to be taken into account).
- (9) For the purposes of this section one person (“*person A*”) is an associate of another person (“*person B*”) at a given time if—
- (a) person A was, within the meaning of Schedule 28AA, directly or indirectly participating in the management, control or capital of person B at that time, or
- (b) the same person was or same persons were, within the meaning of Schedule 28AA, directly or indirectly participating in the management, control or capital of person A and person B at that time.
#### Lessee under long funding finance lease: termination
#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested
##### 815A
- (1) This section applies where section 269C of the 1970 Act or section 140C or 140F of the Taxation of Chargeable Gains Act 1992 applies; and references in this section to company A, the transfer and the trade shall be construed accordingly.
- (2) Where gains accruing to company A on the transfer would have been chargeable to tax under the law of the relevant member State but for the Mergers Directive, this Part, including any arrangements having effect by virtue of section 788, shall apply as if the amount of tax, calculated on the required basis, which would have been payable under that law in respect of the gains so accruing but for that Directive, were tax payable under that law.
- (5) For the purposes of this section, the required basis is that—
- (a) so far as permitted under the law of the relevant member State, any losses arising on the transfer are set against any gains so arising, and
- (b) any relief available to company A under that law has been duly claimed.
- (6) In this section—
- “*capital allowances disposal receipt*” means a disposal receipt within the meaning of Part 2 of the Capital Allowances Act 2001 (see section 60 of that Act);
- “*lease*” includes an underlease, sublease, tenancy or licence and an agreement for any of those things;
- “*tax liability*” means liability to income tax or corporation tax.
##### 785B
- (1) This section applies if—
- (a) there is an unconditional obligation, under a lease of plant or machinery or a relevant arrangement, to make a relevant capital payment (at any time), or
- (b) a relevant capital payment is made under such a lease or arrangement otherwise than in pursuance of such an obligation.
- (2) The lessor is treated for corporation tax purposes as receiving income attributable to the lease of an amount equal to the amount of the capital payment.
- (3) The income is treated—
- (a) if subsection (1)(a) applies, as income for the period of account in which there is first an obligation of the kind mentioned there, and
- (b) if subsection (1)(b) applies, as income for the period of account in which the payment is made.
##### 785C
- (1) The expressions used in section 785B and this section are to be interpreted as follows.
- (2) “*Capital payment*” means any payment except one which, if made to the lessor—
- (a) would fall to be included in a calculation of the lessor's income for corporation tax purposes, or
- (b) would fall to be included in such a calculation but for section 502B (rental earnings under long funding finance lease).
- (3) “*Lease*” includes—
- (a) a licence, and
- (b) the letting of a ship or aircraft on charter or the letting of any other asset on hire,
and “*lessor*” and “*lessee*” are to be read accordingly.
- (4) “*Lease of plant or machinery*” includes a lease of plant or machinery and other property but does not include—
- (a) a lease where the income attributable to the lease received by the lessor (if any) would be chargeable to tax under Schedule A, or
- (b) a lease of plant or machinery where the lessor has incurred what would (but for section 34A of the Capital Allowances Act) be qualifying expenditure (within the meaning of Part 2 of that Act) on the plant or machinery.
- (5) “*Relevant arrangement*” means any agreement or arrangement relating to a lease of plant or machinery, including one made before the lease is entered into or after it has ended (and, accordingly, “lessor” and lessee” include prospective and former lessors and lessees).
- (6) A capital payment, in relation to a lease or relevant arrangement, is “relevant” if condition A or B is met (but this is subject to subsection (9)).
- (7) Condition A is that the capital payment is payable (or paid), directly or indirectly, by (or on behalf of) the lessee to (or on behalf of) the lessor in connection with—
- (a) the grant, assignment, novation or termination of the lease, or
- (b) any provision of the lease or relevant arrangement (including the variation or waiver of any such provision).
- (8) Condition B is that rentals payable under the lease are less than (or payable later than) they might reasonably be expected to be if there were no obligation to make the capital payment (and the capital payment were not made).
- (9) A capital payment is not “relevant” if or to the extent that—
- (a) the capital payment reduces (or would but for section 536 of the Capital Allowances Act reduce) the amount of expenditure incurred by the lessor for the purposes of the Capital Allowances Act in respect of the plant or machinery in question,
- (b) the capital payment is compensation for loss resulting from damage to, or damage caused by, the plant or machinery in question, or
- (c) the capital payment would fall (or falls) to be brought into account by the lessor as a disposal receipt within the meaning of Part 2 of the Capital Allowances Act (see section 60(1) of that Act).
- (10) References to payment include the provision of value by any means other than the making of a payment, and accordingly—
- (a) references to the making of a payment include the passing of value (by any other means), and
- (b) references to the amount of the payment include the value passed.
##### 785D
- (1) This section applies if section 785B applies in relation to a lease of plant or machinery and other property (see section 785C(4)).
- (2) The relevant capital payment is to be apportioned, on a just and reasonable basis, between—
- (a) the plant and machinery, and
- (b) the other property.
- (3) If the income (if any) received by the lessor that is attributable to any of the plant or machinery is chargeable to tax under Schedule A, treat that plant or machinery as falling within subsection (2)(b) (and not subsection (2)(a)).
- (4) Section 785B(2) has effect as if the reference to the amount of the capital payment were to such amount as is apportioned under subsection (2) in respect of the plant or machinery within subsection (2)(a).
#### Interest paid on deposits with banks etc.
##### 785E
- (1) This section applies for corporation tax purposes if—
- (a) section 785B applies by virtue of subsection (1)(a) of that section, and
- (b) at any time, the lessor reasonably expects that the relevant capital payment will not be paid (or will not be paid in full).
- (2) For the purposes of calculating the profits of the lessor, a deduction is allowed for the period of account which includes that time.
- (3) The amount of the deduction is equal to the amount reasonably expected not to be paid.
- (4) No other deduction is allowed in respect of the matters mentioned in subsection (1).
#### Relief for expenses.
#### Section 432B: apportionment of business transfer-in
##### 793A
- (1) Where relief in respect of an amount of tax that would otherwise be payable under the law of a territory outside the United Kingdom may be allowed—
- (a) under arrangements made in relation to that territory, or
- (b) under the law of that territory in consequence of any such arrangements,
credit may not be allowed in respect of that tax, whether the relief has been used or not.
- (2) Where, under arrangements having effect by virtue of section 788, credit may be allowed in respect of an amount of tax, credit by way of unilateral relief may not be allowed in respect of that tax.
- (3) Where arrangements made in relation to a territory outside the United Kingdom contain express provision to the effect that relief by way of credit shall not be given under the arrangements in cases or circumstances specified or described in the arrangements, then neither shall credit by way of unilateral relief be allowed in those cases or circumstances.
##### 795A
- (1) The amount of credit for foreign tax which, under any arrangements, is to be allowed against tax in respect of any income or chargeable gain shall not exceed the credit which would be allowed had all reasonable steps been taken—
- (a) under the law of the territory concerned, and
- (b) under any arrangements made in relation to that territory,
to minimise the amount of tax payable in that territory.
- (2) The steps mentioned in subsection (1) above include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances; and
- (b) making elections for tax purposes.
- (3) For the purposes of subsection (1) above, any question as to the steps which it would have been reasonable for a person to take shall be determined on the basis of what the person might reasonably be expected to have done in the absence of relief under this Part against tax in the United Kingdom.
##### 797A
- (1) This section applies for the purposes of any arrangements where, in the case of any company—
- (a) any non-trading credit relating to an item is brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for any accounting period (“the applicable accounting period”); and
- (b) there is in respect of that item an amount of foreign tax for which, under the arrangements, credit is allowable against United Kingdom tax computed by reference to that interest.
- (2) It shall be assumed that tax chargeable under paragraph (a) of Case III of Schedule D on the profits and gains arising for the applicable accounting period from the company’s loan relationships falls to be computed on the actual amount of its non-trading credits for that period, and without any deduction in respect of non-trading debits.
- (3) Section 797(3) shall have effect (subject to subsection (7) below) as if—
- (a) there were for the applicable accounting period an amount equal to the adjusted amount of the non-trading debits falling to be brought into account by being set against profits of the company for that period of any description; and
- (b) different parts of that amount might be set against different profits.
- (4) For the purposes of this section, the adjusted amount of a company’s non-trading debits for any accounting period is the amount equal, in the case of that company, to the aggregate of the non-trading debits given for that period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) less the aggregate of the amounts specified in subsection (5) below.
- (5) Those amounts are—
- (a) so much of any non-trading deficit for the applicable accounting period as is an amount to which a claim under subsection (2)(c) of section 83 of the Finance Act 1996 or paragraph 4(3) of Schedule 11 to that Act (deficit carried back and set against profits) relates; and
- (aa) so much of any non-trading deficit for that period as is surrendered as group relief by virtue of section 403 of the Taxes Act 1988; and
- (b) so much of any non-trading deficit for that period as falls to be carried forward to a subsequent period in accordance with subsection (3A) of that section or paragraph 4(4) of that Schedule; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) Section 797(3) shall have effect as if any amount carried forward to the applicable accounting period under section 83(3A) of that Act were an amount capable of being allocated only to any non-trading profits of the company.
- (7) Where—
- (a) the company has a non-trading deficit for the applicable accounting period,
- (b) the amount of that deficit exceeds the aggregate of the amounts specified in subsection (5) above, and
- (c) in pursuance of a claim under—
- (i) subsection (2)(a) of section 83 of the Finance Act 1996 (deficit set against current year profits), or
- (ii) paragraph 4(2) of Schedule 11 to that Act (set-off of deficits in the case of insurance companies),
the excess falls to be set off against profits of any description,
section 797(3) shall have effect as if non-trading debits of the company which in aggregate are equal to the amount of the excess were required to be allocated to the profits against which they are set off in pursuance of the claim.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) In this section “*non-trading profits*” has the same meaning as in paragraph 4 of Schedule 8 to the Finance Act 1996.
##### 797B
- (1) This section applies for the purposes of any arrangements where, in the case of a company—
- (a) a non-trading credit relating to an item is brought into account for the purposes of Schedule 29 to the Finance Act 2002 (intangible fixed assets) for an accounting period (“*the applicable accounting period*”), and
- (b) there is in respect of that item an amount of foreign tax for which, under the arrangements, credit is allowable against United Kingdom tax computed by reference to that item.
- (2) It shall be assumed that tax chargeable under Case VI of Schedule D on the profits and gains arising for the applicable accounting period from the company’s intangible fixed assets falls to be computed on the actual amount of its non-trading credits for that period, and without any deduction in respect of non-trading debits.
- (3) Section 797(3) shall have effect as if—
- (a) there were for the applicable accounting period an amount equal to the adjusted amount of the non-trading debits falling to be brought into account by being set against profits of the company for that period of any description, and
- (b) different parts of that amount might be set against different profits.
- (4) For this purpose the adjusted amount of a company’s non-trading debits for an accounting period is given by:
$$TotalDebits-AmountCarriedForward$where—Total Debits is the aggregate amount of the company’s non-trading debits for that accounting period under Schedule 29 to the Finance Act 2002 (intangible fixed assets), andAmount Carried Forward is the amount (if any) carried forward to the next accounting period of the company under paragraph 35(3) of that Schedule (carry-forward of non-trading loss in respect of which no claim is made for it to be set against total profits of current period).$
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
##### 798A
- (1) This section has effect in relation to the application of section 797(1) to the allowance of credit for foreign tax against corporation tax in respect of trade income.
- (2) The reference in section 797(1) to the relevant income or gain shall be treated as referring only to income arising or gains accruing out of the transaction, arrangement or asset in connection with which the credit for foreign tax arises.
- (3) In determining for the purposes of section 797(1) the amount of corporation tax attributable to any income or gain, there shall be taken into account—
- (a) deductions or expenses which would be allowable in the computation of the taxpayer's liability,
- (b) a reasonable apportionment of allowable deductions or expenses which relate partly to the transaction, arrangement or asset from which the income or gain arises and partly to other matters, and
- (c) expenses of a company connected (within the meaning given by section 839) with the taxpayer, in so far as reasonably attributable to the income or gain.
- (4) In this section and section 798B “*trade income*” means—
- (a) income or profits chargeable to tax under Case I, II or V of Schedule D,
- (b) profits of a Schedule A business computed in same way as the profits of a trade in accordance with section 21A of ICTA,
- (c) sums charged to tax under Case VI of Schedule D in accordance with section 104 of ICTA, and
- (d) any other income or profits which by a provision of ICTA is chargeable to tax under, or computed in accordance with, Case I of Schedule D;
but this section shall not apply in relation to income to which section 804C below applies.
##### 798B
- (1) Where—
- (a) a credit for foreign tax arises in connection with an asset, and
- (b) the asset is in a hedging relationship with a derivative contract,
in the application of section 798A(2) the reference to the income arising out of the asset shall be taken as a reference to the income arising out of the asset and the derivative contract taken together (but taking account of the income or loss from the derivative contract only in so far as reasonably attributable to the hedging relationship).
- (2) For the purposes of subsection (1)(b) an asset is in a hedging relationship with a derivative contract if—
- (a) the asset is acquired as a hedge of risk in connection with the contract, or
- (b) the contract is entered into as a hedge of risk in connection with the asset;
and if an asset or a contract is wholly or partly designated as a hedge for the purposes of a person's accounts, that shall be conclusive for the purpose of this subsection.
- (3) Where royalties (as defined in arrangements having effect by virtue of section 788) are paid in respect of an asset in more than one jurisdiction outside the United Kingdom, for the purposes of section 798A(2)—
- (a) royalty income arising in more than one jurisdiction (other than the United Kingdom) in a year of assessment in respect of that asset shall be treated as income arising from a single transaction, arrangement or asset, and
- (b) credits available for foreign tax in respect of the royalty income shall be aggregated accordingly.
- (4) If a person (“A”) carrying on a trade giving rise to trade income enters into a scheme or arrangement with another person (“B”) a main purpose of which is to alter the effect of section 798A in relation to A, income received in pursuance of the scheme or arrangement shall be treated for the purposes of section 798A as trade income of B (and not as income of A).
- (5) Where—
- (a) transactions, arrangements or assets are treated by a taxpayer as a series or group (the “portfolio”),
- (b) a number of credits for foreign tax arise in respect of the portfolio, and
- (c) either—
- (i) it is not reasonably practicable to prepare a separate computation of income or gain for the purposes of section 798A(2) in respect of each transaction, arrangement or asset, or
- (ii) a separate computation of income or gain in respect of each transaction, arrangement or asset for the purposes of section 798A(2) would not, compared with an aggregated computation, make a material difference to the amount of credit for foreign tax which is allowable,
the income or gains arising from the portfolio, or part of the portfolio, may be aggregated and apportioned for the purposes of section 798A(2) in a fair and reasonable manner.
##### 798C
- (1) This section applies where the application of section 796(1) or 797(1) prevents an amount of credit for foreign tax from being allowable against income tax or corporation tax.
- (2) The taxpayer's income shall be treated as reduced by the amount of disallowed credit.
- (3) Subsection (2) applies only in so far as the amount of disallowed credit does not exceed the amount of any loss attributable to the income or gain in respect of which the foreign tax was paid.
- (4) For the purpose of subsection (3), payment of the foreign tax is to be taken into account despite section 795(2).
##### 801A
- (1) This section applies where—
- (a) a company (“*the claimant company*”) makes a claim for an allowance by way of credit in accordance with this Part;
- (b) the claim relates to underlying tax on a dividend paid to that company by a company resident outside the United Kingdom (“*the overseas company*”);
- (c) that underlying tax is or includes an amount in respect of tax (“*the high rate tax*”) payable by—
- (i) the overseas company, or
- (ii) such a third, fourth or successive company as is mentioned in section 801,
at a rate in excess of the relievable rate; and
- (d) the whole or any part of the amount in respect of the high rate tax which is or is included in the underlying tax would not be, or be included in, that underlying tax but for the existence of, or for there having been, an avoidance scheme.
- (2) Where this section applies, the amount of the credit to which the claimant company is entitled on the claim shall be determined as if the high rate tax had been tax at the relievable rate, instead of at a rate in excess of that rate.
- (3) For the purposes of this section tax shall be taken to be payable at a rate in excess of the relievable rate if, and to the extent that, the amount of that tax exceeds the amount that would represent tax on the relevant profits at the relievable rate.
- (4) In subsection (3) above “*the relevant profits*”, in relation to any tax, means the profits of the overseas company or, as the case may be, of the third, fourth or successive company which, for the purposes of this Part, are taken to bear that tax.
- (5) In this section “*the relievable rate*” means the rate of corporation tax in force when the dividend mentioned in subsection (1)(b) above was paid.
- (6) In this section “*an avoidance scheme*” means any scheme or arrangement which—
- (a) falls within subsection (7) below; and
- (b) is a scheme or arrangement the purpose, or one of the main purposes, of which is to have an amount of underlying tax taken into account on a claim for an allowance by way of credit in accordance with this Part.
- (7) A scheme or arrangement falls within this subsection if the parties to it include both—
- (a) the claimant company, a company related to that company or a person connected with the claimant company; and
- (b) a person who was not under the control of the claimant company at any time before the doing of anything as part of, or in pursuance of, the scheme or arrangement.
- (8) In this section “*arrangement*” means an arrangement of any kind, whether in writing or not.
- (9) For the purposes of this section, whether a person is connected with another is determined in accordance with section 839.
- (10) Subsection (5) of section 801 (meaning of “*related company*”) shall apply for the purposes of this section as it applies for the purposes of that section.
- (11) For the purposes of this section a person who is a party to a scheme or arrangement shall be taken to have been under the control of the claimant company at all the following times, namely—
- (a) any time when that company would have been taken (in accordance with section 416) to have had control of that person for the purposes of Part XI;
- (b) any time when that company would have been so taken if that section applied (with the necessary modifications) in the case of partnerships and unincorporated associations as it applies in the case of companies; and
- (c) any time when that person acted in relation to that scheme or arrangement, or any proposal for it, either directly or indirectly under the direction of that company.
##### 801B
- (1) This section applies where—
- (a) a company (“*company A*”) resident outside the United Kingdom has paid tax under the law of a territory outside the United Kingdom in respect of any of its profits;
- (b) some or all of those profits become profits of another company resident outside the United Kingdom (“*company B*”) otherwise than by virtue of the payment of a dividend to company B; and
- (c) company B pays a dividend out of those profits to another company (“*company C*”), wherever resident.
- (2) Where this section applies, this Part shall have effect, so far as relating to the determination of underlying tax in relation to any dividend paid—
- (a) by any company resident outside the United Kingdom (whether or not company B),
- (b) to a company resident in the United Kingdom,
as if company B had paid the tax paid by company A in respect of those profits of company A which have become profits of company B as mentioned in subsection (1)(b) above.
- (3) But the amount of relief under this Part which is allowable to a company resident in the United Kingdom shall not exceed the amount which would have been allowable to that company had those profits become profits of company B by virtue of the payment of a dividend by company A to company B.
##### 801C
- (1) This section applies in any case where—
- (a) by virtue only of section 748(1)(a), no apportionment under section 747(3) falls to be made as regards an accounting period of a controlled foreign company; and
- (b) one or more of the dividends paid by the controlled foreign company by virtue of which the condition in paragraph (a) above is satisfied are dividends falling within subsection (2) below.
- (2) A dividend falls within this subsection if, for the purposes of Part I of Schedule 25, the whole or any part of it falls to be treated by virtue of paragraph 4 of that Schedule as paid by the controlled foreign company to a United Kingdom resident.
- (3) If, in a case where this section applies,—
- (a) an initial dividend is paid to a company resident outside the United Kingdom, and
- (b) that company, or any other company which is related to it, pays an intermediate dividend which for the purposes of paragraph 4 of Schedule 25 to any extent represents that initial dividend,
subsection (4) below shall have effect in relation to the UK recipient concerned.
- (4) Where this subsection has effect, it shall be assumed for the purposes of allowing credit relief under this Part to that UK recipient—
- (a) that, instead of the intermediate dividend, the dividends described in subsection (5) below had been paid and the circumstances had been as described in subsection (6) or (7) below, as the case may be; and
- (b) that any tax paid under the law of any territory in respect of the intermediate dividend, or which is underlying tax in relation to that dividend, had instead fallen to be borne accordingly (taking account of any reduction falling to be made under section 799(2)).
- (5) The dividends mentioned in subsection (4)(a) above are—
- (a) as respects each of the initial dividends which are, for the purposes of paragraph 4 of Schedule 25, to any extent represented by the intermediate dividend, a separate dividend (an “*ADP dividend*”) representing, and of an amount equal to, so much of that initial dividend as is for those purposes represented by the intermediate dividend; and
- (b) a further separate dividend (a “*residual dividend*”) representing, and of an amount equal to, the remainder (if any) of the intermediate dividend.
- (6) As respects each of the ADP dividends, the intermediate company is to be treated as if it were a separate company whose distributable profits are of a constitution corresponding to, and an amount equal to, that of the ADP dividend.
- (7) As respects the residual dividend (if any), the relevant profits out of which it is to be regarded for the purposes of section 799(1) as paid by the intermediate company are, in consequence of subsection (6) above, to be treated as being of such constitution and amount as remains after excluding accordingly so much of those relevant profits as constitute the whole or any part of the distributable profits out of which the ADP dividends are paid.
- (8) If, in a case where this section applies, an intermediate company also pays a dividend which is not an intermediate dividend (an “*independent dividend*”) and either—
- (a) that dividend is paid to a United Kingdom resident, or
- (b) if it is not so paid, a dividend which to any extent represents it is paid by a company which is related to that company and resident outside the United Kingdom to a United Kingdom resident,
subsection (9) below shall have effect in relation to the United Kingdom resident.
- (9) Where this subsection has effect, it shall be assumed for the purposes of allowing credit relief under this Part to the United Kingdom resident—
- (a) that the relevant profits out of which the independent dividend is to be regarded for the purposes of section 799(1) as paid by the intermediate company are, in consequence of subsection (6) above, to be treated as being of such constitution and amount as remains after excluding so much of those relevant profits as constitute the whole or any part of the distributable profits out of which the ADP dividends are paid; and
- (b) that any tax paid under the law of any territory in respect of the independent dividend, or which is underlying tax in relation to that dividend, had instead fallen to be borne accordingly (taking account of any reduction falling to be made under section 799(2)).
- (10) For the purposes of this section—
- (a) a controlled foreign company is an “ADP controlled foreign company" as respects any of its accounting periods if the condition in paragraph (a) of subsection (1) above is satisfied as respects that accounting period;
- (b) an “initial dividend" (subject to subsection (14) below) is any of the dividends mentioned in paragraph (b) of subsection (1) above paid by an ADP controlled foreign company; and
- (c) a “*subsequent dividend*” is any dividend which, in relation to one or more initial dividends, is the subsequent dividend for the purposes of paragraph 4 of Schedule 25.
- (11) In this section—
- “*distributable profits*” means a company’s profits available for distribution, determined in accordance with section 799(6);
- “*intermediate company*” means any company resident outside the United Kingdom which pays an intermediate dividend;
- “*intermediate dividend*” means any dividend which is paid by a company resident outside the United Kingdom and which—for the purposes of paragraph 4 of Schedule 25, to any extent represents one or more initial dividends paid by other companies; andeither is the subsequent dividend in the case of those initial dividends or is itself to any extent represented for those purposes by a subsequent dividend;
- “*the UK recipient*” means the United Kingdom resident to whom a subsequent dividend is paid.
- (12) Where—
- (a) one company pays a dividend (“*dividend A*”) to another company, and
- (b) that other company, or a company which is related to it, pays a dividend (“*dividend B*”) to another company,
then, for the purposes of this section, dividend B represents dividend A, and dividend A is represented by dividend B, to the extent that dividend B is paid out of profits which are derived, directly or indirectly, from the whole or part of dividend A.
- (13) Sub-paragraph (2) of paragraph 4 of Schedule 25 (related companies) shall apply for the purposes of this section as it applies for the purposes of that paragraph.
- (14) Where an intermediate company which is an ADP controlled foreign company pays a dividend—
- (a) by virtue of which (whether taken alone or with other dividends) the condition in subsection (1)(a) above is satisfied as regards an accounting period of the company, but
- (b) which also for the purposes of paragraph 4 of Schedule 25 to any extent represents one or more initial dividends paid by other ADP controlled foreign companies,
the dividend shall not be regarded for the purposes of this section as an initial dividend paid by the company, to the extent that it so represents initial dividends paid by other ADP controlled foreign companies.
##### 803A
- (1) This section applies in any case where, under the law of a territory outside the United Kingdom, tax is payable by any one company resident in that territory (“*the responsible company*”) in respect of the aggregate profits, or aggregate profits and aggregate gains, of that company and one or more other companies so resident, taken together as a single taxable entity.
- (1A) Where—
- (a) a company is (within the meaning of section 801) an ADP controlled foreign company as respects any of its accounting periods, and
- (b) the whole or any part of the profits or gains of that accounting period are included in the aggregate profits, or aggregate profits or gains, mentioned in subsection (1) above,
subsection (2) below shall have effect as if the companies mentioned in subsection (1) above did not include that company.
- (2) Where this section applies, this Part shall have effect, so far as relating to the determination of underlying tax in relation to any dividend paid by any of the companies mentioned in subsection (1) above (the “*non-resident companies*”) to another company (“*the recipient company*”), as if—
- (a) the non-resident companies, taken together, were a single company,
- (b) anything done by or in relation to any of the non-resident companies (including the payment of the dividend) were done by or in relation to that single company, and
- (c) that single company were related to the recipient company, if that one of the non-resident companies which actually pays the dividend is related to the recipient company,
(so that, in particular, the relevant profits for the purposes of section 799(1) is a single aggregate figure in respect of that single company and the foreign tax paid by the responsible company is foreign tax paid by that single company).
- (3) For the purposes of this section a company is related to another company if that other company—
- (a) controls directly or indirectly, or
- (b) is a subsidiary of a company which controls directly or indirectly,
not less than 10 per cent. of the voting power in the first-mentioned company.
##### 804ZA
- (1) If the Board consider, on reasonable grounds, that conditions A to D are or may be satisfied in relation to any income or chargeable gain taken or to be taken into account for the purposes of determining a person's liability to tax in a chargeable period, they may give the person a notice under this section.
- (2) Condition A is that, in the case of the person, there is in respect of the income or gain an amount of foreign tax for which, under any arrangements, credit is allowable against United Kingdom tax for that chargeable period.
- (3) Condition B is that there is a scheme or arrangement the main purpose, or one of the main purposes, of which is to cause an amount of foreign tax to be taken into account in the case of the person for that chargeable period.
- (4) Condition C is that the scheme or arrangement is a prescribed scheme or arrangement.
- (5) Condition D is that the amount referred to in subsection (6) is more than a minimal amount.
- (6) The amount is the aggregate of—
- (a) the aggregate amount of the claims for credit that the person has made, or is in a position to make, for the chargeable period; and
- (b) for all the persons connected to that person, the aggregate amount of the claims for credit that the connected person has made, or is in a position to make, for a corresponding chargeable period.
- (7) A chargeable period of a person (“A”) corresponds to a chargeable period of another person (“B”) if at least one day of A's chargeable period falls within B's chargeable period.
- (8) A notice under this section is a notice—
- (a) informing the person of the Board's view under subsection (1),
- (b) specifying the chargeable period in relation to which the Board formed that view,
- (c) if the amount of foreign tax considered by the Board to satisfy condition B is an amount of underlying tax, specifying the body corporate . . . whose payment of foreign tax is relevant to that underlying tax, and
- (d) informing the person that as a consequence section 804ZB has effect in relation to him.
- (9) A notice under this section may specify the adjustments of a person's tax return that, in the view of the Board, fall to be made by him under section 804ZB(2).
- (10) The adjustments specified may, in a case where the notice given to a person specifies a body corporate resident outside the United Kingdom, include treating the body corporate as having paid or being liable to pay only so much foreign tax as would have been allowed to it as a credit if it were resident in the United Kingdom and a notice under this section had been given to it as regards an amount of foreign tax.
- (11) Schedule 28AB makes provision about what constitutes a prescribed scheme or arrangement.
- (11A) In this section “*foreign tax*” includes any tax which for the purpose of allowing credit under any arrangements against corporation tax is treated by section 801 as if it were tax payable under the law of any territory outside the United Kingdom.
- (12) In this section and sections 804ZB and 804ZC “*tax return*” means—
- (a) a return under section 8, 8A or 12AA of the Management Act, or
- (b) a company tax return;
and “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule.
##### 804ZB
- (1) This section applies in relation to a person if—
- (a) a notice under section 804ZA has been given to the person in respect of a chargeable period specified in the notice, and
- (b) the chargeable period specified is a chargeable period in relation to which conditions A to D of section 804ZA are satisfied.
- (2) The person must in his tax return for the period make (or must amend his return for the period so as to make) such adjustments as are necessary for counteracting the effects of the scheme or arrangement in that period that are referable to the purpose referred to in condition B of section 804ZA.
##### 804ZC
- (1) Subsection (2) applies if the Board give a notice to a person under section 804ZA before the person has made his tax return for the chargeable period specified in the notice.
- (2) If the person makes a tax return for that period before the end of the period of 90 days beginning with the day on which the notice is given, he may—
- (a) make a tax return that disregards the notice, and
- (b) at any time after making the return and before the end of the period of 90 days, amend the return for the purpose of complying with the notice.
- (3) If a person has made a tax return for a chargeable period, the Board may only give him a notice under section 804ZA in relation to that period if a notice of enquiry has been given to him in respect of his tax return for that period.
- (4) After any enquiries into the person's tax return for that period have been completed, the Board may only give him a notice under section 804ZA in relation to that period if the requirements in subsections (5) and (7) are satisfied.
- (5) The first requirement is that at the time the enquiries were completed, the Board could not have been reasonably expected, on the basis of the information made available to them or to an officer of theirs before that time, to have been aware that the circumstances were such that a notice under section 804ZA could have been given to the person in relation to that period.
- (6) For the purposes of subsection (5)—
- (a) section 29(6) and (7) of the Management Act (information made available) applies as it applies for the purposes of section 29(5), and
- (b) paragraph 44(2) and (3) of Schedule 18 to the Finance Act 1998 applies as it applies for the purposes of paragraph 44(1).
- (7) The second requirement is that—
- (a) the person was requested to produce, provide or furnish information during an enquiry into the return for that period, and
- (b) if the person had duly complied with the request, the Board could have been reasonably expected to give the person a notice under section 804ZA in relation to that period.
- (8) If a person is given a notice under section 804ZA in relation to a chargeable period after having made a tax return for that period, the person may amend the return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with the day on which the notice is given.
- (9) If the notice under section 804ZA is given to the person after he has been given a notice of enquiry in respect of his tax return for the period, no closure notice may be given in relation to his tax return until—
- (a) the end of the period of 90 days beginning with the day on which the notice under section 804ZA is given, or
- (b) the earlier amendment of the return for the purpose of complying with the notice.
- (10) If the notice under section 804ZA is given to the person after any enquiries into the return for the period are completed, no discovery assessment may be made as regards the income or chargeable gain to which the notice relates until—
- (a) the end of the period of 90 days beginning with the day on which the notice under section 804ZA is given, or
- (b) the earlier amendment of the return for the purpose of complying with the notice.
- (11) Subsections (2)(b) and (8) do not prevent a person's tax return for a chargeable period becoming incorrect if—
- (a) a notice under section 804ZA is given to the person in relation to that period,
- (b) the return is not amended in accordance with subsection (2)(b) or (8) for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this section—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*discovery assessment*” means an assessment under—section 29 of the Management Act, orparagraph 41 of Schedule 18 to the Finance Act 1998;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998.
##### 804A
- (1) Subsection (2) below applies where credit for tax—
- (a) which is payable under the laws of a territory outside the United Kingdom in respect of insurance business carried on by a company through a permanent establishment in that territory, and
- (b) which is computed otherwise than wholly by reference to profits arising in that territory,
is to be allowed (in accordance with this Part) against corporation tax charged under Case I or Case VI of Schedule D in respect of the profits, computed in accordance with the provisions applicable to Case I of Schedule D, of life assurance business or gross roll-up business carried on by the company in an accounting period (in this section referred to as “*the relevant profits*”).
- (1A) For the purposes of paragraph (b) of subsection (1) above, the cases where tax payable under the laws of a territory outside the United Kingdom is “*computed otherwise than wholly by reference to profits arising in that territory*” are those cases where the charge to tax in that territory falls within subsection (1B) below.
- (1B) A charge to tax falls within this subsection if it is such a charge made otherwise than by reference to profits as (by disallowing their deduction in computing the amount chargeable) to require sums payable and other liabilities arising under policies to be treated as sums or liabilities falling to be met out of amounts subject to tax in the hands of the company.
- (2) Where this subsection applies, the amount of the credit shall not exceed the greater of—
- (a) any such part of the tax payable under the laws of the territory outside the United Kingdom as is charged by reference to profits arising in that territory, and
- (b) the shareholders’ share of the tax so payable.
- (3) For the purposes of subsection (2) above the shareholders’ share of tax payable under the laws of a territory outside the United Kingdom is so much of that tax as is represented by the fraction
$$AB$where— A is an amount equal to the amount of the relevant profits before making any deduction authorised by subsection (5) below; andB is an amount equal to the excess of—$
- (a) the amount taken into account as receipts of the company in computing those profits, apart from premiums and sums received by virtue of a claim under a reinsurance contract, over
- (b) the amounts taken into account as expenses . . . in computing those profits.
- (4) Where there is no such excess as is mentioned in subsection (3) above, or where the profits are greater than any excess, the whole of the tax payable under the laws of the territory outside the United Kingdom shall be the shareholders’ share; and (subject to that) where there are no profits, none of it shall be the shareholders’ share.
- (5) Where, by virtue of this section, the credit for any tax payable under the laws of a territory outside the United Kingdom is less than it otherwise would be, section 795(2)(a) shall not prevent a deduction being made for the difference in computing the relevant profits.
##### 804B
- (1) Where—
- (a) an insurance company carries on more than one category of long-term business in an accounting period, and
- (b) there arises to the company in that period any income or gain (“*the relevant income*”) in respect of which credit for foreign tax falls to be allowed under any arrangements,
subsection (2) below shall have effect.
- (2) In any such case, the amount of the credit for foreign tax which, under the arrangements, is allowable against corporation tax in respect of so much of the relevant income as is referable (in accordance with the provisions of sections 432ZA to 432E . . . ) to a particular category of business must not exceed the fraction of the foreign tax which, in accordance with the following provisions of this section, is attributable to that category of business.
- (3) Where the relevant income arises from an asset which is linked solely to a category of business, the whole of the foreign tax is attributable to that category of business, unless the case is one where subsection (7) below applies.
- (3A) Where the relevant income arises from foreign currency assets, the whole of the foreign tax is attributable to gross roll-up business, unless the case is one where subsection (7) below applies.
- (4) Where subsection (3) above does not apply and the category of business in question is—
- (a) basic life assurance and general annuity business, or
- (b) PHI business,
the fraction of the foreign tax that is attributable to that category of business is the fraction whose numerator is the part of the relevant income which is referable to that category by virtue of any provision of section 432A . . . and whose denominator is the whole of the relevant income.
- (5) Subsections (6) and (7) below apply where the category of business in question is gross roll-up business.
- (6) Where—
- (a) subsection (3) above does not apply, and
- (b) some or all of the relevant income is taken into account in accordance with section 83 of the Finance Act 1989 in an account in relation to which the provisions of section 432C . . . apply,
the fraction of the foreign tax that is attributable to gross roll-up business is the fraction whose numerator is the part of the relevant income which is referable to gross roll-up business by virtue of any provision of section 432C . . . and whose denominator is the whole of the relevant income.
- (7) Where some or all of the relevant income falls to be taken into account in determining in accordance with section 83(2) of the Finance Act 1989 the amount referred to in section 432E(1) as the net amount, the fraction of the foreign tax that is attributable to gross roll-up business is the fraction—
- (a) whose numerator is the part of the investment income taken into account in that determination which would be referable to gross roll-up business by virtue of section 432E if the investment income were the only amount included in the net amount; and
- (b) whose denominator is the whole of that investment income.
- (7A) The Treasury may by regulations amend subsection (7) above; and the regulations may include amendments having effect in relation to accounting periods during which they are made.
- (8) No part of the foreign tax is attributable to any category of business except as provided by subsections (3) to (7) above.
- (9) Where for the purposes of this section an amount of foreign tax is attributable to gross roll-up business, credit in respect of the foreign tax so attributable shall be allowed only against corporation tax in respect of profits chargeable under section 436A.
##### 804C
- (1) Where—
- (a) an insurance company carries on any category of insurance business in a period of account,
- (b) a computation in accordance with the provisions applicable to Case I of Schedule D falls to be made in relation to that category of business for that period, and
- (c) there arises to the company in that period any income or gain in respect of which credit for foreign tax falls to be allowed under any arrangements,
subsection (2) below shall have effect.
- (2) In any such case, the amount of the credit for foreign tax which, under the arrangements, is to be allowed against corporation tax in respect of so much of that income or gain as is referable to the category of business concerned (“*the relevant income*”) shall be limited by treating the amount of the relevant income as reduced in accordance with subsections (3) and (4) below.
- (3) The first limitation is to treat the amount of the relevant income as reduced (but not below nil) for the purposes of this Chapter by the amount of expenses (if any) attributable to the relevant income.
- (4) If—
- (a) the amount of the relevant income after any reduction under subsection (3) above,
exceeds
- (b) the relevant fraction of the profits of the category of business concerned for the period of account in question which are chargeable to corporation tax,
the second limitation is to treat the relevant income as further reduced (but not below nil) for the purposes of this Chapter to an amount equal to that fraction of those profits.
In this subsection any reference to the profits of a category of business is a reference to those profits after the set off of any losses of that category of business which have arisen in any previous accounting period.
- (5) In determining the amount of the credit for foreign tax which is to be allowed as mentioned in subsection (2) above, the relevant income shall not be reduced except in accordance with that subsection.
- (6) For the purposes of subsection (3) above, the amount of expenses attributable to the relevant income is the appropriate fraction of the total relevant expenses of the category of business concerned for the period of account in question.
- (7) In subsection (6) above, the “*appropriate fraction*” means the fraction—
- (a) whose numerator is the amount of the relevant income before any reduction in accordance with subsection (2) above, and
- (b) whose denominator is the total income of the category of business concerned for the period of account in question,
unless the denominator so determined is nil, in which case the denominator shall instead be the amount described in subsection (8) below.
- (8) That amount is so much in total of the income and gains—
- (a) which arise to the company in the period of account in question, and
- (b) in respect of which credit for foreign tax falls to be allowed under any arrangements,
as are referable to the category of business concerned (before any reduction in accordance with subsection (2) above).
- (9) In subsection (4) above, the “*relevant fraction*” means the fraction—
- (a) whose numerator is the amount of the relevant income before any reduction in accordance with subsection (2) above; and
- (b) whose denominator is the amount described in subsection (8) above.
- (10) Where a 75 per cent subsidiary of an insurance company is acting in accordance with a scheme or arrangement and—
- (a) the purpose, or one of the main purposes, of that scheme or arrangement is to prevent or restrict the application of subsection (2) above to the insurance company, and
- (b) the subsidiary does not carry on insurance business of any description,
the amount of corporation tax attributable (apart from this subsection) to any item of income or gain arising to the subsidiary shall be found by setting off against that item the amount of expenses that would be attributable to it under subsection (3) above if that item had arisen directly to the insurance company.
- (11) Where the credit allowed for any tax payable under the laws of a territory outside the United Kingdom is, by virtue of subsection (2) above, less than it would be if the relevant income were not treated as reduced in accordance with that subsection, section 795(2)(a) shall not prevent a deduction being made for the difference in computing the profits of the category of business concerned.
- (12) Where, by virtue of subsection (10) above, the credit allowed for any tax payable under the laws of a territory outside the United Kingdom is less than it would be apart from that subsection, section 795(2)(a) shall not prevent a deduction being made for the difference in computing the income of the 75 per cent subsidiary.
- (13) For the purposes of the operation of this section in relation to any income or gain in respect of which credit falls to be allowed under any arrangements, the amount of the income or gain that is referable to a category of insurance business is the same fraction of the income and gain as the fraction of the foreign tax that is attributable to that category of business in accordance with section 804B.
- (14) This section shall be construed—
- (a) in accordance with section 804D, where the category of business concerned is life assurance business or gross roll-up business; and
- (b) in accordance with section 804E, where the category of business concerned is not life assurance business or gross roll-up business.
##### 804D
- (1) This section has effect for the interpretation of section 804C where the category of business concerned is life assurance business or gross roll-up business.
- (2) The “total income" of the category of business concerned for the period of account in question is the amount (if any) by which—
- (a) so much of the total income shown in the revenue account in the periodical return of the company concerned for that period as is referable to that category of business,
exceeds
- (b) so much of any commissions payable and any expenses of management incurred in connection with the acquisition of the business, as shown in that return, so far as referable to that category of business.
- (3) Where any amounts fall to be brought into account in accordance with section 83 of the Finance Act 1989, the amounts that are referable to the category of business concerned shall be determined for the purposes of subsection (2) above in accordance with sections 432B to 432G.
- (4) The “total relevant expenses" of the category of business concerned for any period of account is the amount of the claims incurred—
- (a) increased by any increase in the liabilities of the company, or
- (b) reduced (but not below nil) by any decrease in the liabilities of the company.
- (5) For the purposes of subsection (4) above, the amounts to be taken into account in the case of any period of account are the amounts as shown in the company’s periodical return for the period so far as referable to the category of business concerned.
##### 804E
- (1) This section has effect for the interpretation of section 804C where the category of business concerned is not life assurance business or gross roll-up business.
- (2) The “total income" of the category of business concerned for any period of account is the amount (if any) by which—
- (a) the sum of the amounts specified in subsection (3) below,
exceeds
- (b) the sum of the amounts specified in subsection (4) below.
- (3) The amounts mentioned in subsection (2)(a) above are—
- (a) earned premiums, net of reinsurance;
- (b) investment income and gains;
- (c) other technical income, net of reinsurance;
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The amounts mentioned in subsection (2)(b) above are—
- (a) acquisition costs;
- (b) the change in deferred acquisition costs;
- (c) losses on investments.
- (5) The “total relevant expenses" of the category of business concerned for any period of account is the sum of—
- (a) the claims incurred, net of reinsurance,
- (b) the changes in other technical provisions, net of reinsurance,
- (c) the change in the equalisation provision, and
- (d) investment management expenses,
unless that sum is a negative amount, in which case the total relevant expenses shall be taken to be nil.
- (6) The amounts to be taken into account for the purposes of the paragraphs of subsections (3) to (5) above are the amounts taken into account for the purposes of corporation tax.
- (7) Expressions used—
- (a) in the paragraphs of subsections (3) to (5) above, and
- (b) in the provisions of section B of Schedule 9A to the Companies Act 1985 (form and content of accounts of insurance companies and groups) which relate to the profit and loss account format (within the meaning of paragraph 7(1) of that section),
have the same meaning in those paragraphs as they have in those provisions.
##### 804F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 804G
- (1) This section applies if—
- (a) credit for foreign tax falls to be allowed to a person (“P”) under any arrangements, and
- (b) a payment is made by a tax authority to P, or any person connected with P, by reference to the foreign tax.
- (2) The amount of that credit is to be reduced by an amount equal to that payment.
- (3) Section 839 applies for the purposes of determining whether or not a person is connected with P.
### Foreign dividends: onshore pooling and utilisation of eligible unrelieved foreign tax
##### 806A
- (1) This section applies where, in any accounting period of a company resident in the United Kingdom, an amount of eligible unrelieved foreign tax arises in respect of a dividend falling within subsection (2) below paid to the company.
- (2) The dividends that fall within this subsection are any dividends chargeable under Case V of Schedule D, other than—
- (a) any dividend which is trading income for the purposes of section 393;
- (b) any dividend which, in the circumstances described in paragraphs (a) and (b) of subsection (8) of section 393, would by virtue of that subsection fall to be treated as trading income for the purposes of subsection (1) of that section;
- (c) in a case where section 801A applies, the dividend mentioned in subsection (1)(b) of that section;
- (d) in a case where section 803 applies, the dividend mentioned in subsection (1)(b) of that section;
- (e) any dividend the amount of which is, under section 811, treated as reduced.
- (3) For the purposes of this section—
- (a) the cases where an amount of eligible unrelieved foreign tax arises in respect of a dividend falling within subsection (2) above are the cases set out in subsections (4) and (5) below; and
- (b) the amounts of eligible unrelieved foreign tax which arise in any such case are those determined in accordance with section 806B.
- (4) Case A is where—
- (a) the amount of the credit for foreign tax which under any arrangements would, apart from section 797, be allowable against corporation tax in respect of the dividend,
exceeds
- (b) the amount of the credit for foreign tax which under the arrangements is allowed against corporation tax in respect of the dividend.
- (5) Case B is where the amount of tax which, by virtue of any provision of any arrangements, falls to be taken into account as mentioned in section 799(1) in the case of the dividend (whether or not by virtue of section 801(2) or (3)) is less than it would be apart from the mixer cap.
But if that is so in any case by reason only of the mixer cap restricting the amount of underlying tax that is treated as mentioned in subsection (2) or (3) of section 801 in the case of a dividend paid by a company resident in the United Kingdom, the case does not fall within Case B.
- (6) In determining whether the circumstances are as set out in subsection (4) or (5) above, sections 806C and 806D shall be disregarded.
##### 806B
- (1) This section has effect for determining the amounts of eligible unrelieved foreign tax which arise in the cases set out in section 806A(4) and (5).
- (2) In Case A, the difference between—
- (a) the amount of the credit allowed as mentioned in section 806A(4)(b), and
- (b) the greater amount of the credit that would have been so allowed if, for the purposes of subsection (2) of section 797, the rate of corporation tax payable as mentioned in that subsection were the upper percentage,
shall be an amount of eligible unrelieved foreign tax.
- (3) In Case B, the amount (if any) by which—
- (a) the aggregate of the upper rate amounts falling to be brought into account for the purposes of this paragraph by virtue of subsection (4) or (5) below, exceeds
- (b) the amount of tax to be taken into account as mentioned in section 799(1) in the case of the Case V dividend, before any increase under section 801(4B),
shall be an amount of eligible unrelieved foreign tax.
- (4) In the case of the Case V dividend (but not any lower level dividend), the upper rate amount to be brought into account for the purposes of subsection (3)(a) above—
- (a) in a case where the mixer cap does not restrict the amount of tax to be taken into account as mentioned in section 799(1) (before any increase under section 801(4B)) in the case of that dividend, is that amount of tax; or
- (b) in a case where the mixer cap restricts the amount of tax to be so taken into account in the case of that dividend, is the greater amount that would have been so taken into account if, in the application of the formula in section 799(1A) in the case of that dividend (but not any lower level dividend) M% had, in relation to—
- (i) so much of D as does not represent any lower level dividend, and
- (ii) so much of U as is not underlying tax attributable to any lower level dividend,
been the upper percentage.
- (5) In the case of any dividend (the “*relevant dividend*”) received as mentioned in subsection (2) or (3) of section 801 which is a lower level dividend in relation to the Case V dividend, the upper rate amount to be brought into account for the purposes of subsection (3)(a) above—
- (a) in a case where the mixer cap does not restrict the amount of underlying tax that is treated as mentioned in subsection (2) or (3), as the case may be, of section 801 in the case of the relevant dividend, is the appropriate portion of that amount of underlying tax;
- (b) in a case where—
- (i) the relevant dividend was paid by a company resident in the United Kingdom, and
- (ii) the mixer cap restricts the amount of underlying tax that is treated as mentioned in subsection (2) or (3), as the case may be, of section 801 in the case of that dividend,
is the appropriate portion of that restricted amount of underlying tax; or
- (c) in a case where—
- (i) the relevant dividend was paid by a company resident outside the United Kingdom, and
- (ii) the mixer cap restricts the amount of underlying tax that is treated as mentioned in subsection (2) or (3), as the case may be, of section 801 in the case of that dividend,
is the appropriate portion of the greater amount of tax that would have been so treated if, in the application of the formula in section 799(1A) in the case of that dividend (but not any other dividend) M% had, in relation to so much of D as does not represent any lower level dividend, and so much of U as is not underlying tax attributable to any lower level dividend, been the upper percentage.
- (6) For the purposes of subsection (5) above, the “*appropriate portion*” of any amount there mentioned in the case of a dividend is found by multiplying that amount by the product of the reducing fractions for each of the higher level dividends.
- (7) For the purposes of subsection (6) above, the “*reducing fraction*” for any dividend is the fraction—
- (a) whose numerator is the amount of the dividend; and
- (b) whose denominator is the amount of the relevant profits (within the meaning of section 799(1)) out of which the dividend is paid.
- (8) Any reference in this section to any tax being restricted by the mixer cap in the case of any dividend is a reference to that tax being so restricted otherwise than by virtue only of the application of the mixer cap in the case of one or more lower level dividends.
- (9) For the purpose of determining the amount described in subsection (2)(b), (4)(b) or (5)(c) above, sections 806C and 806D shall be disregarded.
- (10) In this section—
- “*the Case V dividend*” means the dividend mentioned in section 806A(1);
- “*higher level dividend*”, in relation to another dividend, means any dividend—by which that other dividend is to any extent represented; andwhich either is the Case V dividend or is to any extent represented by the Case V dividend;
- “*lower level dividend*”, in relation to another dividend, means any dividend which—is received as mentioned in section 801(2) or (3); andis to any extent represented by that other dividend;
- “*the relevant tax*” means—in the case of the Case V dividend, the foreign tax to be taken into account as mentioned in section 799(1); andin the case of any other dividend, the amount of underlying tax to be treated as mentioned in section 801(2) or (3) in the case of the dividend.
##### 806C
- (1) In this section “qualifying foreign dividend" means any dividend which falls within section 806A(2), other than—
- (a) an ADP dividend paid by a controlled foreign company;
- (b) so much of any dividend paid by any company as represents an ADP dividend paid by another company which is a controlled foreign company;
- (c) a dividend in respect of which an amount of eligible unrelieved foreign tax arises.
- (2) For the purposes of this section—
- (a) a “related qualifying foreign dividend" is any qualifying foreign dividend paid to a company resident in the United Kingdom by a company which, at the time of payment of the dividend, is related to that company;
- (b) an “unrelated qualifying foreign dividend" is any qualifying foreign dividend which is not a related qualifying foreign dividend.
- (3) For the purposes of giving credit relief under this Part to a company resident in the United Kingdom—
- (a) the related qualifying foreign dividends that arise to the company in an accounting period shall be aggregated;
- (b) the unrelated qualifying foreign dividends that arise to the company in an accounting period shall be aggregated;
- (c) the underlying tax in relation to the related qualifying foreign dividends that arise to the company in an accounting period shall be aggregated;
- (d) so much of the foreign tax paid in respect of the qualifying foreign dividends that arise to the company in an accounting period as is not underlying tax shall be aggregated.
- (4) Credit relief under this Part shall be given as if—
- (a) the related qualifying foreign dividends aggregated under paragraph (a) of subsection (3) above in the case of any accounting period instead together constituted a single related qualifying foreign dividend arising in that accounting period (“*the single related dividend*” arising in that accounting period);
- (b) the unrelated qualifying foreign dividends aggregated under paragraph (b) of that subsection in the case of any accounting period instead together constituted a single unrelated qualifying foreign dividend arising in that accounting period (“*the single unrelated dividend*” arising in that accounting period);
- (c) the underlying tax aggregated under paragraph (c) of that subsection for any accounting period were instead underlying tax in relation to the single related dividend arising in that accounting period (the “aggregated underlying tax" in respect of the single related dividend);
- (d) the tax aggregated under paragraph (d) of that subsection for any accounting period were instead foreign tax (other than underlying tax) paid in respect of, and computed by reference to,—
- (i) the single related dividend arising in that accounting period,
- (ii) the single unrelated dividend so arising, or
- (iii) partly the one dividend and partly the other,
(that aggregated tax being referred to as the “*aggregated withholding tax*”).
- (5) For the purposes of this section, a dividend paid by a controlled foreign company is an “*ADP dividend*” if it is a dividend by virtue of which (whether in whole or in part and whether taken alone or with one or more other dividends) no apportionment under section 747(3) falls to be made as regards an accounting period of the controlled foreign company in a case where such an apportionment would fall to be made apart from section 748(1)(a).
##### 806D
- (1) For the purposes of this section, where—
- (a) any eligible unrelieved foreign tax arises in an accounting period of a company, and
- (b) the dividend in relation to which it arises is paid by a company which, at the time of payment of the dividend, is related to that company,
that tax is “eligible underlying tax" to the extent that it consists of or represents underlying tax.
- (2) To the extent that any eligible unrelieved foreign tax is not eligible underlying tax it is for the purposes of this section “*eligible withholding tax*”.
- (3) For the purposes of giving credit relief under this Part to a company resident in the United Kingdom—
- (a) the amounts of eligible underlying tax that arise in an accounting period of the company shall be aggregated (that aggregate being referred to as the “relievable underlying tax" arising in that accounting period); and
- (b) the amounts of eligible withholding tax that arise in an accounting period of the company shall be aggregated (that aggregate being referred to as the “relievable withholding tax" arising in that accounting period).
- (4) The relievable underlying tax arising in an accounting period of the company shall be treated for the purposes of allowing credit relief under this Part as if it were—
- (a) underlying tax in relation to the single related dividend that arises in the same accounting period,
- (b) relievable underlying tax arising in the next accounting period (whether or not any related qualifying foreign dividend in fact arises to the company in that accounting period), or
- (c) underlying tax in relation to the single related dividend that arises in such one or more preceding accounting periods as result from applying the rules in section 806E,
or partly in one of those ways and partly in each or either of the others.
- (5) The relievable withholding tax arising in an accounting period of the company shall be treated for the purposes of allowing credit relief under this Part as if it were—
- (a) foreign tax (other than underlying tax) paid in respect of, and computed by reference to, the single related dividend or the single unrelated dividend that arises in the same accounting period,
- (b) relievable withholding tax arising in the next accounting period (whether or not any qualifying foreign dividend in fact arises to the company in that accounting period), or
- (c) foreign tax (other than underlying tax) paid in respect of, and computed by reference to, the single related dividend or the single unrelated dividend that arises in such one or more preceding accounting periods as result from applying the rules in section 806E,
or partly in one of those ways and partly in any one or more of the others.
- (6) The amount of relievable underlying tax or relievable withholding tax arising in an accounting period that is treated—
- (a) under subsection (4)(a) or (c) above as underlying tax in relation to the single related dividend arising in the same or any earlier accounting period, or
- (b) under subsection (5)(a) or (c) above as foreign tax paid in respect of, and computed by reference to, the single related dividend or the single unrelated dividend arising in the same or any earlier accounting period,
must not be such as would cause an amount of eligible unrelieved foreign tax to arise in respect of that dividend.
##### 806E
- (1) Where any relievable tax is to be treated as mentioned in section 806D(4)(c) or (5)(c), the rules for determining the accounting periods in question (and the amount of the relievable tax to be so treated in relation to each of them) are those set out in the following provisions of this section.
- (2) Rule 1 is that the accounting periods in question must be accounting periods beginning not more than three years before the accounting period in which the relievable tax arises.
- (3) Rule 2 is that the relievable tax must be so treated that—
- (a) credit for, or for any remaining balance of, the relievable tax is allowed against corporation tax in respect of the single dividend arising in a later one of the accounting periods beginning as mentioned in rule 1 above,
before
- (b) credit for any of the relievable tax is allowed against corporation tax in respect of the single dividend arising in any earlier such accounting period.
- (4) Rule 3 is that the relievable tax must be so treated that, before allowing credit for any of the relievable tax against corporation tax in respect of the single dividend arising in any accounting period, credit for foreign tax is allowed—
- (a) first for the aggregated foreign tax in respect of the single dividend arising in that accounting period, so far as not consisting of relievable tax arising in another accounting period; and
- (b) then for relievable tax arising in any accounting period before that in which the relievable tax in question arises.
- (5) The above rules are subject to sections 806D(6) and 806F.
- (6) In this section—
- “*aggregated foreign tax*” means aggregated underlying tax or aggregated withholding tax;
- “*relievable tax*” means relievable underlying tax or relievable withholding tax;
- “*the single dividend*” means—in relation to relievable underlying tax, the single related dividend; andin relation to relievable withholding tax, the single related dividend or the single unrelated dividend.
##### 806F
- (1) For the purposes of this Part, credit in accordance with any arrangements shall, in the case of any dividend, be given so far as possible—
- (a) for underlying tax (where allowable) before foreign tax other than underlying tax;
- (b) for foreign tax other than underlying tax before amounts treated as underlying tax; and
- (c) for amounts treated as underlying tax (where allowable) before amounts treated as foreign tax other than underlying tax.
- (2) Accordingly, where the amount of foreign tax to be brought into account for the purposes of allowing credit relief under this Part is subject to any limitation or restriction, the limitation or restriction shall be taken to have the effect of excluding foreign tax other than underlying tax before excluding underlying tax.
##### 806G
- (1) The relievable underlying tax or relievable withholding tax arising in any accounting period shall only be treated as mentioned in subsection (4) or (5) of section 806D on a claim.
- (2) Any such claim must specify the amount (if any) of that tax—
- (a) which is to be treated as mentioned in paragraph (a) of the subsection in question;
- (b) which is to be treated as mentioned in paragraph (b) of that subsection; and
- (c) which is to be treated as mentioned in paragraph (c) of that subsection.
- (3) A claim under subsection (1) above may only be made before the expiration of the period of—
- (a) six years after the end of the accounting period mentioned in that subsection; or
- (b) if later, one year after the end of the accounting period in which the foreign tax in question is paid.
##### 806H
- (1) The Board may by regulations make provision for, or in connection with, allowing a company which is a member of a group to surrender all or any part of the amount of the relievable tax arising to it in an accounting period to another company which is a member of that group at the time, or throughout the period, prescribed by the regulations.
- (2) The provision that may be made under subsection (1) above includes provision—
- (a) prescribing the conditions which must be satisfied if a surrender is to be made;
- (b) determining the amount of relievable tax which may be surrendered in any accounting period;
- (c) prescribing the conditions which must be satisfied if a claim to surrender is to be made;
- (d) prescribing the consequences for tax purposes of a surrender having been made;
- (e) allowing a claim to be withdrawn and prescribing the effect of such a withdrawal.
- (3) Regulations under subsection (1) above—
- (a) may make different provision for different cases; and
- (b) may contain such supplementary, incidental, consequential or transitional provision as the Board may think fit.
- (4) For the purposes of subsection (1) above a company is a member of a group if the conditions prescribed for that purpose in the regulations are satisfied.
##### 806J
- (1) This section has effect for the interpretation of the foreign dividend provisions of this Chapter.
- (2) In this section, “*the foreign dividend provisions of this Chapter*” means sections 806A to 806H and this section.
- (3) For the purposes of the foreign dividend provisions of this Chapter, where—
- (a) one company pays a dividend (“*dividend A*”) to another company, and
- (b) that other company, or a company which is related to it, pays a dividend (“*dividend B*”) to another company,
dividend B represents dividend A, and dividend A is represented by dividend B, to the extent that dividend B is paid out of profits which are derived, directly or indirectly, from the whole or part of dividend A.
- (4) Where—
- (a) one company is related to another, and
- (b) that other is related to a third company,
the first company shall be taken for the purposes of paragraph (b) of subsection (3) above to be related to the third, and so on where there is a chain of companies, each of which is related to the next.
- (5) In any case where—
- (a) a company resident outside the United Kingdom pays a dividend to a company resident in the United Kingdom, and
- (b) the circumstances are such that subsection (6)(b) of section 790 has effect in relation to that dividend,
the foreign dividend provisions of this Chapter shall have effect as if the company resident outside the United Kingdom were related to the company resident in the United Kingdom (and subsection (10) of that section shall have effect accordingly).
- (6) Subsection (5) of section 801 (related companies) shall apply for the purposes of the foreign dividend provisions of this Chapter as it applies for the purposes of that section.
- (7) In the foreign dividend provisions of this Chapter—
- “*aggregated underlying tax*” shall be construed in accordance with section 806C(4)(c);
- “*aggregated withholding tax*” shall be construed in accordance with section 806C(4)(d);
- “*controlled foreign company*” has the same meaning as in Chapter IV of Part XVII;
- “*eligible unrelieved foreign tax*” shall be construed in accordance with sections 806A and 806B;
- “*the mixer cap*” means section 799(1)(b);
- “*qualifying foreign dividend*” has the meaning given by section 806C(1);
- “*related qualifying foreign dividend*” has the meaning given by section 806C(2)(a);
- “*relievable tax*” has the meaning given by section 806E(6);
- “*relievable underlying tax*” shall be construed in accordance with 806D(3)(a);
- “*relievable withholding tax*” shall be construed in accordance with 806D(3)(b);
- “*single related dividend*” shall be construed in accordance with section 806C(4)(a);
- “*single unrelated dividend*” shall be construed in accordance with section 806C(4)(b);“the upper percentage" is 45 per cent.
### Application of foreign dividend provisions to branches or agencies in the UK of persons resident elsewhere
##### 806K
- (1) Sections 806A to 806J shall apply in relation to an amount of eligible unrelieved foreign tax arising in a chargeable period in respect of any of the income of a branch or agency in the United Kingdom of a person resident outside the United Kingdom as they apply in relation to eligible unrelieved foreign tax arising in an accounting period of a company resident in the United Kingdom in respect of any of the company’s income, but with the modifications specified in subsection (2) below.
- (2) Those modifications are—
- (a) take any reference to an accounting period as a reference to a chargeable period;
- (b) take any reference to corporation tax as including a reference to income tax;
- (bb) in relation to income tax, take any reference to a dividend chargeable under Case V of Schedule D as a reference to a dividend chargeable under Chapter 4 of Part 4 of ITTOIA 2005;
- (c) take the reference in section 806A(4)(a) to section 797 as a reference to sections 796 and 797;
- (d) in relation to income tax, for subsection (2) of section 806B substitute the subsection (2) set out in subsection (3) below.
- (3) That subsection is—
- (“) In Case A, the difference between—
- (a) the amount of the credit allowed as mentioned in section 806A(4)(b), and
- (b) the greater amount of credit that would have been so allowed if, for the purposes of section 796, the amount of income tax borne on the dividend as computed under that section were charged at a rate equal to the upper percentage,
shall be an amount of eligible unrelieved foreign tax. ".
### Unrelieved foreign tax: profits of overseas branch or agency
##### 806L
- (1) This section applies where, in any accounting period of a company resident in the United Kingdom, an amount of unrelieved foreign tax arises in respect of any of the company’s qualifying income from an overseas permanent establishment of the company.
- (2) The amount of the unrelieved foreign tax so arising shall be treated for the purposes of allowing credit relief under this Part as if it were foreign tax paid in respect of, and computed by reference to, the company’s qualifying income from the same overseas permanent establishment—
- (a) in the next accounting period (whether or not the company in fact has any such income from that source in that accounting period), or
- (b) in such one or more preceding accounting periods, beginning not more than three years before the accounting period in which the unrelieved foreign tax arises, as result from applying the rules in subsection (3) below,
or partly in the one way and partly in the other.
- (3) Where any unrelieved foreign tax is to be treated as mentioned in paragraph (b) of subsection (2) above, the rules for determining the accounting periods in question (and the amount of the unrelieved foreign tax to be so treated in relation to each of them) are that the unrelieved foreign tax must be so treated under that paragraph—
- (1) that—
- (a) credit for, or for any remaining balance of, the unrelieved foreign tax is allowed against corporation tax in respect of income of a later one of the accounting periods beginning as mentioned in that paragraph,
before
- (b) credit for any of the unrelieved foreign tax is allowed against corporation tax in respect of income of any earlier such period;
- (2) that, before allowing credit for any of the unrelieved foreign tax against corporation tax in respect of income of any accounting period, credit for foreign tax is allowed—
- (a) first for foreign tax in respect of the income of that accounting period, other than unrelieved foreign tax arising in another accounting period; and
- (b) then for unrelieved foreign tax arising in any accounting period before that in which the unrelieved foreign tax in question arises.
- (4) For the purposes of this section, the cases where an amount of unrelieved foreign tax arises in respect of any of a company’s qualifying income from an overseas permanent establishment in an accounting period are those cases where—
- (a) the amount of the credit for foreign tax which under any arrangements would, apart from section 797, be allowable against corporation tax in respect of that income,
exceeds
- (b) the amount of the credit for foreign tax which under the arrangements is allowed against corporation tax in respect of that income;
and in any such case that excess is the amount of the unrelieved foreign tax in respect of that income.
- (5) For the purposes of this section, a company’s qualifying income from an overseas permanent establishment is the profits of the overseas permanent establishment which are—
- (a) chargeable under Case I of Schedule D; or
- (b) included in the profits of gross roll-up business chargeable under Case VI of Schedule D by virtue of section 436A.
- (6) Where (whether by virtue of this subsection or otherwise) an amount of unrelieved foreign tax arising in an accounting period falls to be treated under subsection (2) above for the purposes of allowing credit relief under this Part as foreign tax paid in respect of, and computed by reference to, qualifying income of an earlier accounting period, it shall not be so treated for the purpose of any further application of this section.
- (7) In this section—
- “*overseas permanent establishment*” means a permanent establishment through which a company carries on a trade in a territory outside the United Kingdom; and
- “*permanent establishment*”—if there are arrangements having effect under section 788 in relation to the territory concerned that define the expression, has the meaning given by those arrangements, andif there are no such arrangements, or if they do not define the expression, has the meaning given by section 148 of the Finance Act 2003.
##### 806M
- (1) This section has effect for the purposes of section 806L and shall be construed as one with that section.
- (2) If, in any accounting period, a company ceases to have a particular overseas permanent establishment, the amount of any unrelieved foreign tax which arises in that accounting period in respect of the company’s income from that overseas permanent establishment shall, to the extent that it is not treated as mentioned in section 806L(2)(b), be reduced to nil (so that no amount arises which falls to be treated as mentioned in section 806L(2)(a)).
- (3) If a company—
- (a) at any time ceases to have a particular overseas permanent establishment in a particular territory (“*the old permanent establishment*”), but
- (b) subsequently again has an overseas permanent establishment in that territory (“*the new permanent establishment*”),
the old permanent establishment and the new permanent establishment shall be regarded as different overseas permanent establishments.
- (4) If, under the law of a territory outside the United Kingdom, tax is charged in the case of a company resident in the United Kingdom in respect of the profits of two or more of its overseas permanent establishments in that territory, taken together, then, for the purposes of—
- (a) section 806L, and
- (b) subsection (3) above,
those overseas permanent establishments shall be treated as if they together constituted a single overseas permanent establishment of the company.
- (5) Unrelieved foreign tax arising in respect of qualifying income from a particular overseas permanent establishment in any accounting period shall only be treated as mentioned in subsection (2) of section 806L on a claim.
- (6) Any such claim must specify the amount (if any) of the unrelieved foreign tax—
- (a) which is to be treated as mentioned in paragraph (a) of that subsection; and
- (b) which is to be treated as mentioned in paragraph (b) of that subsection.
- (7) A claim under subsection (5) above may only be made before the expiration of the period of—
- (a) six years after the end of the accounting period mentioned in that subsection, or
- (b) if later, one year after the end of the accounting period in which the foreign tax in question is paid.
##### 807A
- (1) This Part shall have effect for the purposes of corporation tax in relation to any company as if tax falling within subsection (2) below were to be disregarded.
- (2) Subject to subsection (2A) below, tax falls within this subsection in relation to a company to the extent that it is—
- (a) tax under the law of a territory outside the United Kingdom; and
- (b) is attributable, on a just and reasonable apportionment,
- (i) to interest accruing under a loan relationship at a time when the company is not a party to the relationship ; or
- (ii) to so much of a relevant payment as, on such an apportionment, is attributable to a time when the company is not a party to the derivative contract concerned.
- (2A) Tax attributable to interest accruing to a company under a loan relationship does not fall within subsection (2) above if—
- (a) at the time when the interest accrues, that company has ceased to be a party to that relationship by reason of having made the initial transfer under or in accordance with any repo or stock-lending arrangements relating to that relationship; and
- (b) that time falls during the period for which those arrangements have effect.
- (2B) Where, in the case of any share, section 91A or 91B of the Finance Act 1996 (shares treated as loan relationships) applies in relation to a company for an accounting period, this section has effect—
- (a) in relation to a distribution in respect of the share as it has effect in relation to interest under a loan relationship, and
- (b) in relation to a distribution accruing in respect of the share at a time when the company does not (within the meaning of the section in question) hold the share as it applies in relation to interest accruing under a loan relationship at a time when the company is not a party to the loan relationship.
- (3) Subject to subsections (1), (4) and (5) of this section, where—
- (a) any non-trading credit relating to an amount of interest under a loan relationship is brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in the case of any company,
- (b) that amount falls, as a result of any related transaction other than the initial transfer under or in accordance with any repo or stock-lending arrangements relating to that relationship, to be paid to a person other than the company, and
- (c) had the company been entitled, at the time of that transaction, to receive a payment of an amount of interest equal to the amount of interest to which the non-trading credit relates, the company would have been liable in respect of the amount of interest received to an amount of tax under the law of a territory outside the United Kingdom,
credit for that amount of tax shall be allowable under section 790(4) as if that amount of tax were an amount of tax paid under the law of that territory in respect of the amount of interest to which the non-trading credit relates.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The Treasury may by regulations provide for subsection (3) above to apply—
- (a) in the case of trading credits, as well as in the case of non-trading credits;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) Regulations under subsection (5) above may—
- (a) provide for subsection (3) above to apply in the case of a trading credit . . . only if the circumstances are such as may be described in the regulations;
- (b) provide for subsection (3) above to apply, in cases where it applies by virtue of any such regulations, subject to such exceptions, adaptations or other modifications as may be specified in the regulations;
- (c) make different provision for different cases; and
- (d) contain such incidental, supplemental, consequential and transitional provision as the Treasury think fit.
- (6A) In this section “*repo or stock-lending arrangements*” means—
- (a) a debtor repo within the meaning of paragraph 2 of Schedule 13 to the Finance Act 2007, or
- (b) a stock lending arrangement within the meaning of section 263B of the 1992 Act.
- (6B) In any case where a debtor repo within the meaning of that paragraph constitutes the repo or stock-lending arrangements—
- (a) a reference in this section, in relation to those arrangements, to the initial transfer is to the sale mentioned in condition C of that paragraph; and
- (b) a reference in this section, in relation to those arrangements, to the period for which they have effect is to the period from the making of the initial transfer until the earlier of the time when the subsequent purchase mentioned in condition D of that paragraph takes place and the time when it becomes apparent that that subsequent purchase will not take place.
- (6C) In any case where a stock lending arrangement within the meaning of section 263B of the 1992 Act constitutes the repo or stock-lending arrangements—
- (a) a reference in this section, in relation to those arrangements, to the initial transfer is to the transfer mentioned in subsection (1)(a) of that section; and
- (b) a reference in this section, in relation to those arrangements, to the period for which they have effect is to the period from the making of the initial transfer until the earlier of the time when the transfer mentioned in subsection (1)(b) of that section takes place and the time when it becomes apparent that that transfer will not take place.
- (7) In this section—
- “*related transaction*” has the same meaning as in section 84 of the Finance Act 1996;
- “*relevant payment*” means a payment the amount of which falls to be determined (wholly or mainly) by applying to a notional principal amount specified in a derivative contract, for a period so specified, a rate the value of which at all times is the same as that of a rate of interest so specified;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and
- “*trading credit*” means any credit falling to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in accordance with section 82(2) of that Act.
##### 808A
- (1) Subsection (2) below applies where any arrangements having effect by virtue of section 788—
- (a) make provision, whether for relief or otherwise, in relation to interest (as defined in the arrangements), and
- (b) make provision (the special relationship provision) that where owing to a special relationship the amount of the interest paid exceeds the amount which would have been paid in the absence of the relationship, the provision mentioned in paragraph (a) above shall apply only to the last-mentioned amount.
- (2) The special relationship provision shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the relationship,
- (b) the amount which the loan would have been in the absence of the relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the relationship.
- (3) The special relationship provision shall be construed as requiring the taxpayer to show that there is no special relationship or (as the case may be) to show the amount of interest which would have been paid in the absence of the special relationship.
- (4) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing subsection (2) above.
- (5) Subsection (2) above does not apply where the special relationship provision expressly requires regard to be had to the debt on which the interest is paid in determining the excess interest (and accordingly expressly limits the factors to be taken into account).
##### 808B
- (1) Subsection (2) below applies where any arrangements having effect by virtue of section 788—
- (a) make provision, whether for relief or otherwise, in relation to royalties (as defined in the arrangements), and
- (b) make provision (the special relationship provision) that where owing to a special relationship the amount of the royalties paid exceeds the amount which would have been paid in the absence of the relationship, the provision mentioned in paragraph (a) above shall apply only to the last-mentioned amount.
- (2) The special relationship provision shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the agreement under which the royalties are paid would have been made at all in the absence of the relationship,
- (b) the rate or amounts of royalties and other terms which would have been agreed in the absence of the relationship, and
- (c) where subsection (3) below applies, the factors specified in subsection (4) below.
- (3) This subsection applies if the asset in respect of which the royalties are paid, or any asset which that asset represents or from which it is derived, has previously been in the beneficial ownership of—
- (a) the person who is liable to pay the royalties,
- (b) a person who is, or has at any time been, an associate of the person who is liable to pay the royalties,
- (c) a person who has at any time carried on a business which, at the time when the liability to pay the royalties arises, is being carried on in whole or in part by the person liable to pay those royalties, or
- (d) a person who is, or has at any time been, an associate of a person who has at any time carried on such a business as is mentioned in paragraph (c) above.
- (4) The factors mentioned in subsection (2)(c) above are—
- (a) the amounts which were paid under the transaction, or under each of the transactions in the series of transactions, as a result of which the asset has come to be an asset of the beneficial owner for the time being,
- (b) the amounts which would have been so paid in the absence of a special relationship, and
- (c) the question whether the transaction or series of transactions would have taken place in the absence of such a relationship.
- (5) The special relationship provision shall be construed as requiring the taxpayer to show—
- (a) the absence of any special relationship, or
- (b) the rate or amount of royalties that would have been payable in the absence of the relationship,
as the case may be.
- (6) The requirement on the taxpayer to show in accordance with subsection (5)(a) above the absence of any special relationship includes a requirement—
- (a) to show that no person of any of the descriptions in paragraphs (a) to (d) of subsection (3) above has previously been the beneficial owner of the asset in respect of which the royalties are paid, or of any asset which that asset represents or from which it is derived, or
- (b) to show the matters specified in subsection (7) below,
as the case may be.
- (7) Those matters are—
- (a) that the transaction or series of transactions mentioned in subsection (4)(a) above would have taken place in the absence of a special relationship, and
- (b) the amounts which would have been paid under the transaction, or under each of the transactions in the series of transactions, in the absence of such a relationship.
- (8) Subsection (2) above does not apply where the special relationship provision expressly requires regard to be had to the use, right or information for which royalties are paid in determining the excess royalties (and accordingly expressly limits the factors to be taken into account).
- (9) For the purposes of this section one person (“*person A*”) is an associate of another person (“*person B*”) at a given time if—
- (a) person A was, within the meaning of Schedule 28AA, directly or indirectly participating in the management, control or capital of person B at that time, or
- (b) the same person was or same persons were, within the meaning of Schedule 28AA, directly or indirectly participating in the management, control or capital of person A and person B at that time.
#### Lessee under long funding finance lease: termination
- “*the Mergers Directive*” means the Directive of the Council of the European Communities dated 23rd July 1990 on the common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different member States (no. [90/434/EEC](https://www.legislation.gov.uk/european/directive/1990/0434));
- “*relevant member State*” means the member State in which, immediately before the time of the transfer, company A carried on the trade through a permanent establishment.
##### 815AZA
- (1) Where arrangements having effect under section 788 make the provision mentioned in subsection (2) (however expressed), that provision does not prevent income of a person resident in the United Kingdom being chargeable to income tax or corporation tax.
- (2) The provision is that the profits of an enterprise which is resident outside the United Kingdom, or carries on a trade, profession or business the control or management of which is situated outside the United Kingdom, are not to be subject to United Kingdom tax except in so far as they are attributable to a permanent establishment of the enterprise in the United Kingdom.
- (3) A person is resident in the United Kingdom for the purposes of this section if the person is so resident for the purposes of the arrangements having effect under section 788.
- (4) This section does not apply in relation to—
- (a) income of a company resident in the United Kingdom to which section 115(5A) applies, or
- (b) income of a person resident in the United Kingdom to which section 858 of ITTOIA 2005 applies.
#### Life policies: chargeable events.
##### 815AA
- (1) Where, under and for the purposes of arrangements made in relation to a territory outside the United Kingdom and having effect under section 788—
- (a) a case is presented to the Board, or to an authority in that territory, by a person concerning his being taxed (whether in the United Kingdom or that territory) otherwise than in accordance with the arrangements; and
- (b) the Board arrives at a solution to the case or makes a mutual agreement with an authority in that territory for the resolution of the case,
subsections (2) and (3) below have effect.
- (2) The Board shall give effect to the solution or mutual agreement, notwithstanding anything in any enactment; and any such adjustment as is appropriate in consequence may be made (whether by way of discharge or repayment of tax, the allowance of credit against tax payable in the United Kingdom, the making of an assessment or otherwise).
- (3) A claim for relief under any provision of the Tax Acts may be made in pursuance of the solution or mutual agreement at any time before the expiration of the period of 12 months following the notification of the solution or mutual agreement to the person affected, notwithstanding the expiration of the time limited by any other enactment for making the claim.
- (4) Where arrangements having effect under section 788 include provision for a person to present a case to the Board concerning his being taxed otherwise than in accordance with the arrangements, subsections (5) and (6) below have effect.
- (5) The presentation of any such case under and in accordance with the arrangements—
- (a) does not constitute a claim for relief under the Tax Acts; and
- (b) is accordingly not subject to section 42 of the Management Act or any other enactment relating to the making of such claims.
- (6) Any such case must be presented before the expiration of—
- (a) the period of 6 years following the end of the chargeable period to which the case relates; or
- (b) such longer period as may be specified in the arrangements.
##### 815B
- (1) Subsection (2) below applies if the Arbitration Convention requires the Board to give effect to—
- (a) an agreement or decision, made under the Convention by the Board (or their authorised representative) and any other competent authority, on the elimination of double taxation, or
- (b) an opinion, delivered by an advisory commission set up under the Convention, on the elimination of double taxation.
- (2) The Board shall give effect to the agreement, decision or opinion notwithstanding anything in any enactment; and any such adjustment as is appropriate in consequence may be made (whether by way of discharge or repayment of tax, the making of an assessment or otherwise).
- (3) Any enactment which limits the time within which claims for relief under any provision of the Tax Acts may be made shall not apply to a claim made in pursuance of an agreement, decision or opinion falling within subsection (1)(a) or (b) above.
- (4) In this section “*the Arbitration Convention*” means the Convention on the elimination of double taxation in connection with the adjustment of profits of associated enterprises, concluded on 23rd July 1990 by the parties to the treaty establishing the European Economic Community (90/436/EEC).
##### 815C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The conditions for being an excepted group life policy
##### 815A
- (1) This section applies where section 269C of the 1970 Act or section 140C or 140F of the Taxation of Chargeable Gains Act 1992 applies; and references in this section to company A, the transfer and the trade shall be construed accordingly.
- (2) Where gains accruing to company A on the transfer would have been chargeable to tax under the law of the relevant member State but for the Mergers Directive, this Part, including any arrangements having effect by virtue of section 788, shall apply as if the amount of tax, calculated on the required basis, which would have been payable under that law in respect of the gains so accruing but for that Directive, were tax payable under that law.
- (5) For the purposes of this section, the required basis is that—
- (a) so far as permitted under the law of the relevant member State, any losses arising on the transfer are set against any gains so arising, and
- (b) any relief available to company A under that law has been duly claimed.
- (6) In this section—
- “*the Mergers Directive*” means the Directive of the Council of the European Communities dated 23rd July 1990 on the common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different member States (no. [90/434/EEC](https://www.legislation.gov.uk/european/directive/1990/0434));
- “*relevant member State*” means the member State in which, immediately before the time of the transfer, company A carried on the trade through a permanent establishment.
##### 815AZA
- (1) Where arrangements having effect under section 788 make the provision mentioned in subsection (2) (however expressed), that provision does not prevent income of a person resident in the United Kingdom being chargeable to income tax or corporation tax.
- (2) The provision is that the profits of an enterprise which is resident outside the United Kingdom, or carries on a trade, profession or business the control or management of which is situated outside the United Kingdom, are not to be subject to United Kingdom tax except in so far as they are attributable to a permanent establishment of the enterprise in the United Kingdom.
- (3) A person is resident in the United Kingdom for the purposes of this section if the person is so resident for the purposes of the arrangements having effect under section 788.
- (4) This section does not apply in relation to—
- (a) income of a company resident in the United Kingdom to which section 115(5A) applies, or
- (b) income of a person resident in the United Kingdom to which section 858 of ITTOIA 2005 applies.
#### Life policies: computation of gain.
##### 815AA
- (1) Where, under and for the purposes of arrangements made in relation to a territory outside the United Kingdom and having effect under section 788—
- (a) a case is presented to the Board, or to an authority in that territory, by a person concerning his being taxed (whether in the United Kingdom or that territory) otherwise than in accordance with the arrangements; and
- (b) the Board arrives at a solution to the case or makes a mutual agreement with an authority in that territory for the resolution of the case,
subsections (2) and (3) below have effect.
- (2) The Board shall give effect to the solution or mutual agreement, notwithstanding anything in any enactment; and any such adjustment as is appropriate in consequence may be made (whether by way of discharge or repayment of tax, the allowance of credit against tax payable in the United Kingdom, the making of an assessment or otherwise).
- (3) A claim for relief under any provision of the Tax Acts may be made in pursuance of the solution or mutual agreement at any time before the expiration of the period of 12 months following the notification of the solution or mutual agreement to the person affected, notwithstanding the expiration of the time limited by any other enactment for making the claim.
- (4) Where arrangements having effect under section 788 include provision for a person to present a case to the Board concerning his being taxed otherwise than in accordance with the arrangements, subsections (5) and (6) below have effect.
- (5) The presentation of any such case under and in accordance with the arrangements—
- (a) does not constitute a claim for relief under the Tax Acts; and
- (b) is accordingly not subject to section 42 of the Management Act or any other enactment relating to the making of such claims.
- (6) Any such case must be presented before the expiration of—
- (a) the period of 6 years following the end of the chargeable period to which the case relates; or
- (b) such longer period as may be specified in the arrangements.
##### 815B
- (1) Subsection (2) below applies if the Arbitration Convention requires the Board to give effect to—
- (a) an agreement or decision, made under the Convention by the Board (or their authorised representative) and any other competent authority, on the elimination of double taxation, or
- (b) an opinion, delivered by an advisory commission set up under the Convention, on the elimination of double taxation.
- (2) The Board shall give effect to the agreement, decision or opinion notwithstanding anything in any enactment; and any such adjustment as is appropriate in consequence may be made (whether by way of discharge or repayment of tax, the making of an assessment or otherwise).
- (3) Any enactment which limits the time within which claims for relief under any provision of the Tax Acts may be made shall not apply to a claim made in pursuance of an agreement, decision or opinion falling within subsection (1)(a) or (b) above.
- (4) In this section “*the Arbitration Convention*” means the Convention on the elimination of double taxation in connection with the adjustment of profits of associated enterprises, concluded on 23rd July 1990 by the parties to the treaty establishing the European Economic Community (90/436/EEC).
##### 815C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The conditions for being an excepted group life policy
#### Information: supplementary provisions
##### 826A
@@ -37058,7 +37058,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax representatives.
#### Regulations in relation to qualifying policies
##### 834A
@@ -37134,7 +37134,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Overseas life assurance business: life policies.
#### Non-resident policies and off-shore capital redemption policies.
##### 837A
@@ -43992,21867 +43992,21867 @@
## Part 1 — Introductory
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period ending on or after 1st January 2004 but before 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying capital expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, determined by reference to allowances under Part 6 of the Capital Allowances Act (expenditure on research and development) in respect of qualifying capital expenditure, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) To qualify, the capital expenditure in question must be incurred on or after 1st January 2004 but before 1st January 2006 in respect of oil and gas exploration and appraisal (as well as satisfying other conditions).
- (3) Part 2 makes provision about the application and interpretation of this Schedule.
- (4) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (5) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (6) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (7) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts by virtue of section 555 of the Capital Allowances Act (disposal of oil licence with exploitation value),
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
#### The approved amount: passenger payments
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in oil and gas exploration and appraisal (see section 837B of this Act and section 1003 of ITA 2007) with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period ending on or after 1st January 2004 but before 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period ending—on or after 1st January 2004 but before 1st January 2006, andbefore the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs qualifying E&A expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the research and development on which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) Special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 16, 18A and 22).
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period ending on or after 1st January 2004 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) for such accounting periods as may be specified in the order.
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
##### 6
- (1) For the purposes of this Schedule “*qualifying E&A expenditure*”is any expenditure as respects which the following conditions are satisfied.
- (2) Condition 1 is that the expenditure is incurred on or after 1st January 2004 but before 1st January 2006.
- (3) Condition 2 is that, for the purposes of Part 6 of the Capital Allowances Act, the expenditure is qualifying expenditure incurred on research and development consisting of oil and gas exploration and appraisal (see section 437(2)(b) of that Act).
- (4) Condition 3 is that an allowance under section 441 of that Act is claimed in respect of the expenditure.
- (5) Condition 4 is that the expenditure is incurred in the course of oil extraction activities.
- (6) Condition 5 is that—
- (a) those oil extraction activities are comprised in a ring fence trade, or
- (b) after incurring the expenditure, the person incurring it sets up and commences a ring fence trade connected with the research and development.
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) in any case where—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) Where an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X’s taxable ring fence profits for its accounting period.
- (4) Where an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X’s taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
#### Employment
##### 9
- (1) Where—
- (a) a qualifying company claims an allowance under section 441 of the Capital Allowances Act (research and development allowances) for the commencement period, and
- (b) the claim is for an allowance in respect of qualifying E&A expenditure incurred before that period,
the company may also claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period shall be treated as an allowance under Part 6 of the Capital Allowances Act for the commencement period in respect of qualifying E&A expenditure incurred by the company.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company shall be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of qualifying E&A expenditure and pre-commencement supplement.
- (2) The pool shall be taken to have consisted of—
- (a) the company’s qualifying E&A expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (b) the company’s pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying E&A expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying E&A expenditure mentioned in paragraph 9(1)(b) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions shall be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement shall be taken to have been added to the pool in that period.
##### 11
- (1) This paragraph applies in any case where—
- (a) the qualifying company disposes of an interest in an oil licence in a pre-commencement period,
- (b) part of the value of the interest (the “*deductible amount*”) is attributable to qualifying E&A expenditure incurred by the company, and
- (c) section 555 of the Capital Allowances Act (disposal of oil licence with exploitation value) has effect in relation to the disposal.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for each pre-commencement period—
- (a) find the total of the deductible amounts in the case of all such disposals made by the company (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
- (3) In this paragraph “*oil licence*” has the same meaning as in section 555 of the Capital Allowances Act (see section 552 (1) of that Act).
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying E&A expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made at the same time as, and as if it were part of, the claim under section 441 of the Capital Allowances Act mentioned in paragraph 9(1)(a).
- (2) Subsection (3) of that section (claim for reduced amount) applies in relation to any such claim.
## Part 4 — Post-commencement supplement
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
- (1) A qualifying company which incurs a qualifying E&A loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period shall be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19C) as if it were a loss—
- (a) incurred in carrying on the ring fence trade in that period,
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) shall apply in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (2A) But, if the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006, sub-paragraph (2) has no effect in relation to the amount of the supplement for that period.
- (3) Paragraphs 19 to 24 have effect for the purpose of determining the reference amount for a post-commencement period.
##### 17
- (1) Where—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), it shall be assumed that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (3) So much of a ring fence loss as is attributable to qualifying E&A allowances for the period of the loss is a “qualifying E&A loss”.
- (4) A ring fence loss is attributable to qualifying E&A allowances to the extent that the amount of the ring fence loss does not exceed the amount of the qualifying E&A allowances for the period of the loss.
- (5) But a claim for post-commencement supplement may include an election for a ring fence loss to be treated—
- (a) as attributable to qualifying E&A allowances for the period of the loss to such lesser extent as may be specified in the election, or
- (b) as not attributable to such allowances.
- (6) “*Qualifying E&A allowances*”, in the case of an accounting period, means allowances for that period under Part 6 of the Capital Allowances Act in respect of qualifying E&A expenditure incurred by the company (including any pre-commencement supplement treated under paragraph 9(2) as such an allowance).
- (7) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18
- (1) So much of a ring fence loss as is not a qualifying E&A loss is a non-qualifying loss.
- (2) Where—
- (a) a loss was incurred by a qualifying company in its ring fence trade in an accounting period ending on or before 31st December 2003, and
- (b) some or all of that loss falls to be set off under section 393 against profits of that trade in accounting periods ending on or after that date,
so much of the loss as falls to be so set off is a ring fence loss and that loss is a non-qualifying loss.
- (3) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18A
- (1) This paragraph applies in any case where the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) ending before 1st January 2006.
- (2) The following assumption shall be made for the purpose of calculating the amount of the qualifying E&A loss and the amount of the non-qualifying loss.
- (3) The assumption is that the loss made in the trade is taken to be the loss incurred in the accounting period beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
- (4) The amount of the non-qualifying loss (found in accordance with that assumption) is then reduced (but not below nil) by the following amount.
- (5) The amount is the amount of the ring fence loss in the deemed accounting period beginning on 1st January 2006 determined under paragraph 18 of Schedule 19C for the purposes of Part 4 of that Schedule.
#### Change in company ownership: corporation tax.
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company shall be taken at all times in its post-commencement periods to have—
- (a) a continuing pool of the company’s non-qualifying losses (the “non-qualifying pool”), and
- (b) a continuing mixed pool of the company’s qualifying E&A losses and post-commencement supplement (the “qualifying pool”).
- (2) A pool continues even if the amount in it is nil.
##### 20
- (1) The non-qualifying pool consists of the company’s non-qualifying losses, allocated to the pool in accordance with sub-paragraph (2).
- (2) A non-qualifying loss is allocated to the pool by adding the amount of the non-qualifying loss to the pool in the period of the loss.
- (3) In the case of a non-qualifying loss incurred in an accounting period ending on or before 31st December 2003, the period of the loss shall be taken for the purposes of sub-paragraph (2) to be the first accounting period of the company that ends on or after 1st January 2004.
- (4) The amount in the non-qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (5) Where a reduction in the amount in the non-qualifying pool falls to be made in any accounting period—
- (a) the reduction is to be made after the addition to the pool of any non-qualifying loss allocated to the pool in that period in accordance with sub-paragraph (2), and
- (b) references to the amount in the non-qualifying pool shall be construed accordingly.
##### 21
- (1) The qualifying pool consists of—
- (a) the company’s qualifying E&A losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (b) the company’s post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of qualifying E&A losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a qualifying E&A loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) Where a reduction in the amount in the qualifying pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any qualifying E&A losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool shall be construed accordingly.
##### 22
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) The amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If any of that sum remains after being so set against the amount in the non-qualifying pool, the amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
##### 23
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) In the following provisions of this paragraph, references to the remaining amount in a pool are references to so much (if any) of the amount in the pool as remains after making any reductions that fall to be made in accordance with paragraph 22.
- (3) The remaining amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the remaining amount in the non-qualifying pool, the remaining amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 24
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the qualifying pool as remains after making any reductions required by paragraph 22 or 23.
## SCHEDULE 19C
## Part 1 — Introductory
### About this Schedule
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period beginning on or after 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying pre-commencement expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) Part 2 makes provision about the application and interpretation of this Schedule.
- (3) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (4) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (5) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (6) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts in respect of any asset representing qualifying pre-commencement expenditure,
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
### Qualifying companies
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in any activities with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
### Accounting periods
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period beginning on or after 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period—beginning on or after 1st January 2006, andending before the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs any expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the activities in the course of which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) But special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 5, 18 and 21(4) to (6)).
### The relevant percentage
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period beginning on or after 1st January 2006 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) above for such accounting periods as may be specified in the order.
### Limit on number of accounting periods for which supplement may be claimed
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
- (3) A claim for supplement by the company under Schedule 19B (exploration expenditure supplement) in respect of an accounting period is to count for the purposes of this paragraph as a claim for supplement under this Schedule in respect of that accounting period.
- (4) But, if the company makes a claim for supplement under this Schedule in respect of the deemed accounting period, any claim for supplement by the company under Schedule 19B in respect of the Schedule 19B deemed accounting period is to be ignored for the purposes of this paragraph.
- (5) For this purpose—
- “*the deemed accounting period*” means the deemed accounting period under paragraph 3(3) beginning on 1st January 2006, and
- “*the Schedule 19B deemed accounting period*” means the deemed accounting period under paragraph 3(3) of Schedule 19B ending before 1st January 2006.
### Qualifying pre-commencement expenditure
##### 6
- (1) For the purposes of this Schedule, expenditure is “qualifying pre-commencement expenditure” if it meets conditions A to D.
- (2) Condition A is that the expenditure is incurred on or after 1st January 2006.
- (3) Condition B is that the expenditure is incurred in the course of oil extraction activities.
- (4) Condition C is that the expenditure is incurred by a person with a view to carrying on a ring fence trade but before the person sets up and commences the ring fence trade.
- (5) Condition D is that the expenditure—
- (a) is subsequently allowable as a deduction in calculating the profits of the ring fence trade for the commencement period (whether or not any part of it is so allowable for any post-commencement period), or
- (b) is relevant R&D expenditure incurred by an SME.
- (6) For the purposes of this paragraph, expenditure incurred by a company is “relevant R&D expenditure incurred by an SME” if—
- (a) the company makes an election under paragraph 14 of Schedule 20 to the Finance Act 2000 (R&D tax relief for SMEs: alternative treatment of pre-trading expenditure) in respect of that expenditure, but
- (b) the company does not make a claim for an R&D tax credit under that Schedule in respect of that expenditure.
- (7) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by an SME, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 150% of its actual amount.
- (8) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by a large company, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 125% of its actual amount.
- (9) For this purpose “*relevant R&D expenditure incurred by a large company*” means qualifying expenditure within the meaning given by paragraph 11(3) of Schedule 12 to the Finance Act 2002 (R&D tax relief for large companies).
### Unrelieved group ring fence profits for accounting periods
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) If an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X's taxable ring fence profits for its accounting period.
- (4) If an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X's taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
### Taxable ring fence profits of an accounting period
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
### Supplement in respect of a pre-commencement accounting period
##### 9
- (1) If—
- (a) a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and
- (b) the expenditure is incurred before the commencement period,
the company may claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period is to be treated as expenditure—
- (a) which is incurred by the company in the commencement period, and
- (b) which is allowable as a deduction in calculating the profits of the ring fence trade for that period.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
### The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is to be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) qualifying pre-commencement expenditure, and
- (c) pre-commencement supplement.
- (2) The pool is to be taken to have consisted of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) the company's qualifying pre-commencement expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (c) the company's pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying pre-commencement expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying pre-commencement expenditure mentioned in paragraph 9(1) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions is to be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement is to be taken to have been added to the pool in that period.
- (5) In this paragraph references to the relevant amount (if any) which the company carries forward under Schedule 19B are to the amount in its mixed pool for the purposes of Part 3 of Schedule 19B immediately before 1st January 2006.
### Reduction in respect of disposal receipts under the Capital Allowances Act
##### 11
- (1) This paragraph applies in the case of the qualifying company if—
- (a) it incurs qualifying pre-commencement expenditure in respect of a ring fence trade in any pre-commencement period,
- (b) it would, on the relevant assumption, be entitled to an allowance under any provision of the Capital Allowances Act in respect of that expenditure,
- (c) an event occurs in relation to any asset representing the expenditure in any pre-commencement period, and
- (d) the event would, on the relevant assumption, require a disposal value (the “deductible amount”) to be brought into account under any provision of the Capital Allowances Act for any pre-commencement period.
- (2) The relevant assumption is that the company was carrying on the ring fence trade—
- (a) when the expenditure was incurred, and
- (b) when the event giving rise to the disposal value occurred.
- (3) For the purpose of allocating qualifying pre-commencement expenditure to the pool for each pre-commencement period—
- (a) find the total amount of the disposal values in the case of all such events (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
### Reduction in respect of unrelieved group ring fence profits
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
### The reference amount for a pre-commencement period
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
### Claims for pre-commencement supplement
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period.
- (2) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for pre-commencement supplement as it applies in relation to a claim for group relief.
## Part 4 — Post-commencement supplement
### Supplement in respect of a post-commencement period
##### 15
- (1) A qualifying company which incurs a ring fence loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period is to be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19B) as if it were a loss—
- (a) which is incurred in carrying on the ring fence trade in that period, and
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
### Amount of post-commencement supplement for a post-commencement period
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.
### Ring fence losses
##### 17
- (1) If—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), the following assumption is to be made.
- (3) The assumption is that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (4) This paragraph is subject to paragraph 18 (special rule for straddling periods).
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### Special rule for straddling periods
##### 18
- (1) This paragraph applies if the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”).
- (2) The amount of the ring fence loss in the deemed accounting period is determined as follows.
- *Step 1*
- Calculate so much of the ring fence loss in the straddling period as, for the purposes of Part 4 of Schedule 19B, is attributable to qualifying E&A allowances for the straddling period.
- The amount given by this step is “the qualifying Schedule 19B amount”.
- *Step 2*
- Calculate so much of the ring fence loss in the straddling period as is attributable to allowances for the straddling period under Part 6 of the Capital Allowances Act in respect of relevant expenditure.
- For the purposes of this step “*relevant expenditure*” means expenditure incurred by the company on or after 1st January 2006 which, but for that fact, would be qualifying E&A expenditure for the purposes of Schedule 19B.
- For the purposes of this step a ring fence loss is attributable to those allowances to the extent that the amount of the loss (less the qualifying Schedule 19B amount) does not exceed the amount of those allowances for that period.
- The amount given by this step is “the amount of the post-1st January 2006 E&A allowances”.
- *Step 3*
- Deduct the qualifying Schedule 19B amount and the amount of the post-1st January 2006 E&A allowances from the amount of the ring fence loss in the straddling period.
- *Step 4*
- Apportion the remaining amount of that loss (if any) to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- The amount given by this step is “the amount of the apportioned loss”.
- *Step 5*
- The amount of the ring fence loss in the deemed accounting period is the amount of the apportioned loss plus the amount of the post-1st January 2006 E&A allowances.
- (3) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
- (4) In this paragraph references to the ring fence loss in the straddling period are to that loss determined on the assumption that the straddling period is the period of the loss for the purposes of paragraph 17.
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, and
- (c) post-commencement supplement.
- (2) The ring fence pool continues even if the amount in it is nil.
- (3) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.
- (4) But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.
- (5) In this paragraph—
- “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006, and
- “*the carried forward non-qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### The ring fence pool
##### 20
- (1) The ring fence pool consists of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (c) the company's post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of ring fence losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a ring fence loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the ring fence pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) If a reduction in the amount in the ring fence pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any ring fence losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool are to be read accordingly.
- (5) In this paragraph “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### Reductions in respect of utilised ring fence losses
##### 21
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If the company has a non-qualifying pool, the amount in the non-qualifying pool is to be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If—
- (a) any of that sum remains after being so set against the amount in the non-qualifying pool, or
- (b) the company does not have a non-qualifying pool,
the amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains or (as the case may be) a sum equal to the total amount set off as mentioned in sub-paragraph (1).
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
### Reductions in respect of unrelieved group ring fence profits
##### 22
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If, after making any reductions that fall to be made in accordance with paragraph 21, the company does not have a non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (3) If, after making any reductions that fall to be made in accordance with paragraph 21, the company has an amount in a non-qualifying pool, the amount in that pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the amount in the non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (5) For the purposes of this paragraph references to the remaining amount in the ring fence pool are references to so much (if any) of the amount in the ring fence pool as remains after making any reductions that fall to be made in accordance with paragraph 21.
### The reference amount for a post-commencement period
##### 23
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains after making any reductions required by paragraph 21 or 22.
##### 3A
Any investment in a common deposit fund established under section 22A of the Charities Act 1960 or section 25 of the Charities Act 1993 or in any similar fund established for the exclusive benefit of charities by or under any enactment relating to any particular charities or class of charities.
##### 6A
Shares in an open-ended investment company.
##### 7A
Uncertificated eligible debt security units as defined in section 552(2) of ITTOIA 2005.
##### 7A
- (1) This paragraph applies if a calculation falls to be made under paragraph 7 above in a case where—
- (a) relief is to be given under section 454 of ITTOIA 2005 (listed deeply discounted securities held since 26th March 2003: relief for losses) in respect of a loss sustained on the disposal of securities, and
- (b) had there been a profit on the disposal it would have been eligible for relief from tax for the year of assessment in which the loss is sustained by virtue of section 592(2).
- (2) That relief is to be given before the calculation under paragraph 7 above is made.
- (3) Then the amount of income to which the specified percentage is applied by virtue of sub-paragraph (3)(a) of that paragraph is reduced by the amount of that relief.
- (4) In this paragraph “*disposal*” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005.
## SCHEDULE 23ZA
### Interpretation
##### 1
- (1) In this Schedule—
- “*the date of the change*” shall be construed in accordance with paragraph 3(2) below;
- “*eligible scheme*” shall be construed in accordance with paragraph 2(4) below;
- “*the personal pension provisions of this Act*” means this Schedule and the other provisions of Chapter IV of Part XIV;
- “*prescribed*” (except in paragraph 2(3)(c)) means specified in, or determined in accordance with, regulations;
- “*regulations*” means regulations made by the Board.
- (2) Any power conferred by this Schedule to make regulations includes power to make different provision for different cases or different purposes.
### Eligible schemes
##### 2
- (1) This Schedule applies to any retirement benefits scheme which is for the time being approved under Chapter I of Part XIV.
- (2) Sub-paragraph (1) above is subject to the following provisions of this paragraph.
- (3) This Schedule applies to a retirement benefits scheme only if—
- (a) it is an occupational pension scheme, as defined in section 1 of the Pension Schemes Act 1993 or section 1 of the Pensions Schemes (Northern Ireland) Act 1993;
- (b) it is a money-purchase scheme, as defined in section 181 of the Pension Schemes Act 1993 or section 176 of the Pensions Schemes (Northern Ireland) Act 1993;
- (c) any documents relating to the scheme which are prescribed under section 631(1) are such that, subject to approval under paragraph 3 below, the scheme is capable of being an approved personal pension scheme for the purposes of Chapter IV of Part XIV as from the date of the change; and
- (d) such other conditions as may be prescribed are satisfied in the case of the scheme.
- (4) Any retirement benefits scheme to which this Schedule applies is referred to in this Schedule as an “eligible scheme".
### Approval of eligible schemes as approved personal pension schemes
##### 3
- (1) The trustees of an eligible scheme may at any time on or after 1st October 2000 apply to the Board for approval of the scheme under this paragraph.
- (2) If an application under sub-paragraph (1) above is granted, the eligible scheme shall, as from such date as the Board may specify in granting the application (the “*date of the change*”),—
- (a) irrevocably cease to be approved, and to be capable of approval, under Chapter I of Part XIV; and
- (b) become an approved personal pension scheme (and subject accordingly to section 631(4) and the other provisions of Chapter IV of Part XIV).
- (3) The date of the change must not be earlier than 6th April 2001.
- (4) An application under sub-paragraph (1) above shall be in such form, shall contain such information, and shall be accompanied by such documents, in such form, and prepared as at such time, as the Board may prescribe.
- (5) The Board may at their discretion grant or refuse an application under sub-paragraph (1) above.
- (6) The Board’s discretion under sub-paragraph (5) above shall be subject to the restrictions set out in sections 632 to 638A and this Schedule.
- (7) The Board shall give notice to the applicant of the grant or refusal of an application.
- (8) A notice under sub-paragraph (7) above shall, in the case of a refusal, state the grounds for the refusal.
- (9) If, at any time after the making of an application under sub-paragraph (1) above, the eligible scheme concerned ceases to be approved under Chapter I of Part XIV otherwise than by virtue of the operation of sub-paragraph (2)(a) above, the scheme shall not, by virtue of that application, become an approved personal pension scheme.
### Excessive funding of certain individual members
##### 4
- (1) The Board may refuse or withhold approval under paragraph 3 above in the case of an eligible scheme of a prescribed description if or so long as they are not satisfied that prescribed requirements will be fulfilled with respect to—
- (a) the value of any prescribed benefits which may be provided for or in respect of an individual member of a prescribed description, and
- (b) the value of the assets held for the purpose of providing benefits for or in respect of that member,
if approval under paragraph 3 above is granted.
- (2) Regulations may make provision for or in connection with cases where the value mentioned in paragraph (b) of sub-paragraph (1) above exceeds, or exceeds by more than a prescribed percentage, the value mentioned in paragraph (a) of that sub-paragraph.
- (3) The provision that may be made by virtue of sub-paragraph (2) above includes provision for or in connection with eliminating or reducing any such excess within a prescribed period by one or more prescribed methods.
- (4) Regulations may make provision for the purposes of this paragraph for or in connection with—
- (a) the valuation of benefits; or
- (b) the valuation of assets.
- (5) The provision that may be made by virtue of sub-paragraph (4)(a) or (b) above includes provision with respect to, or in connection with,—
- (a) the person by whom any such valuation is to be made;
- (b) the method or principles of valuation to be used;
- (c) certification of any such valuations and of any prescribed matters relating to or connected with them;
- (d) any facts, matters or assumptions by reference to which any such valuation is to be made;
- (e) any tables to be used for the purpose of making any such valuation;
- (f) the basis on which any such tables are to be prepared;
- (g) the manner in which any such tables are to be applied.
- (6) The methods or principles of valuation and the tables that may be prescribed by virtue of sub-paragraph (5) above include methods or principles or, as the case may be, tables published by the Government Actuary for any purposes of the personal pension provisions of this Act.
### Directions as to contributions between valuation and date of change etc.
##### 5
- (1) The Board may give directions for or in connection with—
- (a) prohibiting the making of contributions during the post-valuation period, or
- (b) restricting the amount of the contributions that may be made during that period,
by or in respect of members of a converting scheme.
- (2) Directions under sub-paragraph (1) above—
- (a) may be given in respect of schemes generally, schemes of a particular description or any particular scheme or schemes; and
- (b) may make different provision in relation to different schemes or different members.
- (3) Any directions under sub-paragraph (1) above must be complied with by—
- (a) the trustees and managers, or administrators, of any scheme to which the directions relate;
- (b) any member of such a scheme to whom the directions relate; and
- (c) any person who is the employer of such a member.
- (4) If there is any contravention of, or failure to comply with, directions under sub-paragraph (1) above, the Board may—
- (a) refuse or withhold approval of the conversion application in question; or
- (b) revoke or vary any approval granted or any conditions pending the satisfaction of which approval is withheld.
- (5) Sub-paragraph (4) above is without prejudice to any other powers of the Board.
- (6) In this paragraph—
- “*conversion application*”, in the case of a converting scheme, means the application under paragraph 3(1) above in respect of the scheme;
- “*converting scheme*” means a scheme in respect of which an application under paragraph 3(1) above has been made and not withdrawn or finally refused;
- “*the post-valuation period*”, in the case of a converting scheme, means the period which—begins with the day as at which any valuation for the purposes of paragraph 4 above is made in connection with the conversion application; andends with the day preceding the date of the change (or, if earlier, the date on which the conversion application is withdrawn or finally refused).
- (7) For the purposes of this paragraph, an application is “*finally refused*” when it has been refused by the Board and—
- (a) the time for appealing under section 651 against the refusal has expired without such an appeal being made; or
- (b) an appeal under that section against the refusal has been withdrawn or finally disposed of in a way which affirms refusal of the application.
- (8) Any directions under this paragraph must be given in writing.
### Scheme rules to allow changes for purpose of conversion
##### 6
An approved retirement benefits scheme shall be taken to include provisions allowing the making of changes to any provisions of the scheme for the purpose of enabling the scheme to become an eligible scheme, notwithstanding anything to the contrary in any provision of the scheme.
## Schedule 23A
### Interpretation
##### 1
- (1) In this Schedule—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*dividend manufacturer*” has the meaning given by paragraph 2(1) below;
- “*dividend manufacturing regulations*” means regulations made by the Treasury under this Schedule;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*manufactured dividend*” . . . and “*manufactured overseas dividend*” shall be construed respectively in accordance with paragraphs 2 . . . and 4 below, as shall references to the gross amount thereof;
- “*manufactured interest*” means an amount—which is representative of a periodical payment of interest on United Kingdom securities, andwhich, under a contract or other arrangements for the transfer of the securities, one of the parties is required to pay to the other;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of any overseas securities;
- “*overseas dividend manufacturer*” has the meaning given by paragraph 4(1) below;
- “*overseas securities*” means—shares, stock or other securities issued by a government or public or local authority of a territory outside the United Kingdom or by any other body of persons not resident in the United Kingdom;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas tax*” means tax under the law of a territory outside the United Kingdom;
- “*overseas tax credit*” means any such credit under the law of a territory outside the United Kingdom in respect of overseas tax as corresponds to a tax credit;
- “*prescribed*” means prescribed in dividend manufacturing regulations;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*securities*” includes any loan stock or similar security;
- “*transfer*” includes any sale or other disposal;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*United Kingdom equities*” means shares of any company resident in the United Kingdom;
- “*United Kingdom securities*” means securities of the government of the United Kingdom, of any public or local authority in the United Kingdom or of any company or other body resident in the United Kingdom, but does not include . . . United Kingdom equities.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends on UK equities: general
##### 2
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of United Kingdom equities, one of the parties (a “*dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount (a “*manufactured dividend*”) which is representative of a dividend on the equities.
- (2) Where a manufactured dividend is paid by a dividend manufacturer who is a company resident in the United Kingdom, the Corporation Tax Acts shall have effect—
- (a) in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the UK equities in question; and
- (b) in relation to the dividend manufacturer, as if the amount paid were a dividend of his.
- (3) Where a manufactured dividend to which sub-paragraph (2) above does not apply is paid by any person—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the Corporation Tax Acts shall have effect in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the United Kingdom equities in question; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . Where—
- (a) a dividend manufacturer pays a manufactured dividend . . . , . . . , and
- (aa) the dividend manufacturer is a non-UK resident company within the charge to corporation tax,
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the dividend manufacturer shall, on paying the manufactured dividend, provide the recipient with a statement in writing setting out the matters specified in sub-paragraph (7) below.
- (7) Those matters are—
- (a) the amount of the manufactured dividend;
- (b) the date of the payment of the manufactured dividend; and
- (c) the amount of the tax credit to which, by virtue of sub-paragraph (3)(b) above or section 573(2) of ITA 2007, the recipient or a person claiming title through or under him either—
- (i) is entitled in respect of the manufactured dividend, or
- (ii) would be so entitled were all the conditions of a right to a tax credit satisfied, in the case of the recipient or that person, as respects the dividend which the recipient is deemed to receive.
- (8) The duty imposed by sub-paragraph (6) above shall be enforceable at the suit or instance of the recipient.
### Manufactured interest on United Kingdom securities
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Deductibility of manufactured payment in the case of the manufacturer
##### 2A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends representative of foreign income dividends
##### 2B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured overseas dividends
##### 4
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of overseas securities, one of the parties (the “*overseas dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount representative of an overseas dividend on the overseas securities; and in this Schedule the “*manufactured overseas dividend*” means any payment which the overseas dividend manufacturer makes in discharge of that requirement.
- (1A) Where a manufactured overseas dividend is paid as set out in sub-paragraph (1) above it shall be treated—
- (a) as an expense of the trade where a company carries on a trade to which that payment relates;
- (b) where a company has investment business to which the payment relates, for the purposes of section 75 as expenses of management;
- (c) in the case of a company carrying on life assurance business—
- (i) so far as the payment is referable to basic life assurance and general annuity business, for the purposes of section 76 as if it were an expense payable falling to be brought into account at Step 3 of subsection (7) of that section, and
- (ii) the payment is to be treated as referable to basic life assurance and general annuity business to the extent that the overseas dividend of which it is representative is or would, if it were received by the company, be so referable by virtue of section 432A.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Where a manufactured overseas dividend is paid after deduction of the amount required by section 922(2) of ITA 2007 (amount of income tax to be deducted at source), or where the amount of tax required under section 923 of that Act (income tax to be accounted for and paid) in respect of such a dividend has been accounted for and paid, then for all purposes of the Corporation Tax Acts. . . —
- (a) the manufactured overseas dividend shall be treated in relation to the recipient, and all companies claiming title through or under the recipient, as if it were an overseas dividend of an amount equal to the gross amount of the manufactured overseas dividend, but paid after the withholding therefrom, on account of overseas tax, of the amount deducted under section 922(2) of ITA 2007; and
- (b) the amount so deducted shall accordingly be treated in relation to the recipient, and all companies claiming title through or under the recipient, as an amount so withheld instead of as an amount on account of income tax.
- (5) For the purposes of this paragraph—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the gross amount of a manufactured overseas dividend is an amount equal to the gross amount of that overseas dividend of which the manufactured overseas dividend is representative, as mentioned in sub-paragraph (1) above; and
- (c) the gross amount of an overseas dividend is an amount equal to the aggregate of—
- (i) so much of the overseas dividend as remains after the deduction of the overseas tax (if any) chargeable on it;
- (ii) the amount of the overseas tax (if any) so deducted; and
- (iii) the amount of the overseas tax credit (if any) in respect of the overseas dividend.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7AA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) Without prejudice to section 97 of the Finance Act 1996 (manufactured interest), the references in this paragraph to all the purposes of the Corporation Tax Acts do not include the purposes of Chapter II of Part IV of that Act (loan relationships).
##### 4A
- (1) A reference in paragraph 4(4)(a) or (b) to the relevant amount in relation to an amount deducted under section 922(2) of ITA 2007 is—
- (a) where the deduction is made in respect of a manufactured overseas dividend that is treated as paid under paragraph 13(1) of Schedule 13 to FA 2007 (sale and repurchase of securities), to amount A, and
- (b) otherwise, to the amount deducted under section 922(2) of ITA 2007.
- (2) Amount A is—
- (a) in a case to which sub-paragraph (3) applies, the amount deducted under section 922(2) of ITA 2007,
- (b) in a case to which sub-paragraph (4) applies—
- (i) the amount deducted under section 922(2) of ITA 2007, less
- (ii) the excess mentioned in that sub-paragraph, and
- (c) in any other case, nil.
- (3) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid equals the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (4) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid exceeds the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (5) In this paragraph “the repurchase price” of the securities means the price at which the payer of the manufactured overseas dividend is entitled or obliged to sell the securities, or similar securities, to the recipient of the manufactured overseas dividend.
- (6) In this paragraph “*the securities*” means the securities in respect of which the overseas dividend of which the manufactured overseas dividend is representative is paid.
- (7) In this paragraph “*the relevant net amount*” means—
- (a) the gross amount of the overseas dividend of which the manufactured overseas dividend is representative, less
- (b) the amount deducted under section 922(2) of ITA 2007.
### Dividends and interest passing through the market
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Unapproved manufactured payments
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Irregular manufactured payments
##### 7
- (1) . . . In any case where (apart from this paragraph)—
- (a) an amount paid by way of manufactured dividend would exceed the amount of the dividend of which it is representative, or
- (b) the aggregate of—
- (i) an amount paid by way of . . . manufactured overseas dividend, and
- (ii) the tax required to be accounted for in connection with the making of that payment,
would exceed the gross amount (as determined in accordance with paragraph . . . 4 above) of the . . . overseas dividend of which it is representative . . . ,
the payment shall, to the extent of an amount equal to the excess, not be regarded for the purposes of this Schedule as made in discharge of the requirement referred to in paragraph 2(1). . . or 4(1) above, as the case may be, but shall instead to that extent be taken for all purposes of the Corporation Tax Acts to constitute a separate fee for entering into the contract or other arrangements under which it was made, notwithstanding anything in paragraph 2 above or anything in paragraph 4 other than in sub-paragraph (1A).
- (1A) Sub-paragraph (1) above does not apply in the case of the amount of any . . . manufactured overseas dividend which falls in accordance with section 97 of the Finance Act 1996 to be treated for the purposes of Chapter II of Part IV of that Act as interest under a loan relationship.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purpose of giving relief under any provision of the Corporation Tax Acts in a case falling within paragraph . . . 4(1) above where (apart from this paragraph) the aggregate referred to in sub-paragraph (1)(b) above would be less than the gross amount there mentioned—
- (a) the gross amount of the . . . manufactured overseas dividend shall be taken to be an amount equal to the aggregate referred to in sub-paragraph (1)(b) above, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
notwithstanding anything in paragraph . . . 4 above.
- (4) In this paragraph “*relief*” means relief by way of—
- (a) deduction in computing profits or gains; or
- (b) deduction . . . against . . . total profits.
### Manufactured payments under arrangements having an unallowable purpose
##### 7A
- (1) This paragraph applies in any case where—
- (a) a manufactured payment falls to be made by a company in an accounting period in pursuance of any arrangements (see sub-paragraphs (9) and (10) for definitions), and
- (b) the arrangements have an unallowable purpose at any time (see sub-paragraphs (3) to (5)).
But this is subject to sub-paragraph (8) below (cases where tax relief is denied apart from this paragraph).
- (2) The company is not entitled, by virtue of anything in this Schedule or any provision of regulations under it, or otherwise, to any relevant tax relief (see sub-paragraph (10)), to the extent that the relief is in respect of, or referable to, the whole or any part of so much of the manufactured payment as, on a just and reasonable apportionment, is attributable to the unallowable purpose.
- (3) Arrangements have an unallowable purpose at any time if at that time the purposes for which the company is a party to—
- (a) the arrangements,
- (b) any related transaction (see sub-paragraphs (6) and (7)), or
- (c) any transaction in pursuance of the arrangements,
include a purpose (“the unallowable purpose”) which is not among the business or other commercial purposes of the company.
- (4) The business and other commercial purposes of a company do not include the purposes of any part of its activities in respect of which it is not within the charge to corporation tax.
- (5) Where one of the purposes for which a company is at any time a party to—
- (a) any arrangements,
- (b) any related transaction in the case of any arrangements, or
- (c) any transaction in pursuance of any arrangements,
is a tax avoidance purpose, that purpose shall be taken to be a business or other commercial purpose of the company only where it is not the main purpose, or one of the main purposes, for which the company is party to the arrangements or transaction at that time.
- (6) One or more transactions are to be regarded as related transactions, in the case of any arrangements, if it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into or effected,
that none of the transactions would have been entered into or effected independently of the arrangements.
- (7) Transactions are not prevented from being related transactions, in the case of any arrangements, just because the transactions—
- (a) are not between the same parties, or
- (b) are not between the parties to the arrangements.
- (8) This paragraph does not apply if, as a result of any of the following provisions—
- (a) section 75(4)(b) (expenses of management of companies with investment business: unallowable purposes),
- (b) section 76(4)(d) (expenses of insurance companies: unallowable purposes),
- (c) paragraph 13 of Schedule 9 to the Finance Act 1996 (loan relationships with unallowable purposes),
the company in question is not entitled to a relevant tax relief in respect of, or referable to, the whole or any part of the manufactured payment.
The references to sections 75 and 76 are references to those provisions as they have effect in relation to accounting periods beginning on or after 1st April 2004.
- (9) Any reference in this paragraph to a manufactured payment falling to be made by a company includes a reference to a manufactured payment which is deemed by or under any provision of the Tax Acts to be made by a company (and references to a transaction, or to a company being party to a transaction, are to be construed accordingly).
- (10) In this paragraph—
- “*arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable, and shall be taken to include any related transactions;
- “*manufactured payment*” means any of the following—any manufactured dividend;any manufactured interest;any manufactured overseas dividend;any payment which by virtue of paragraph 7(1) constitutes a fee;
- “*related transaction*” shall be construed in accordance with sub-paragraphs (6) and (7) above;
- “*relevant tax relief*” means any of the following—any deduction in computing profits or gains for the purposes of corporation tax;any deduction against total profits;the bringing into account of any debit for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships);the surrender of an amount by way of group relief;
- “*tax advantage*” has the meaning given by section 840ZA;
- “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the company in question or any other person);
- and sub-paragraphs (3) to (7) above have effect for the purposes of this paragraph.
### Dividend manufacturing regulations: general
##### 8
- (1) Dividend manufacturing regulations may make provision for—
- (a) such manufactured dividends . . . or manufactured overseas dividends as may be prescribed,
- (aa) such persons who receive, or become entitled to receive, manufactured dividends . . . or manufactured overseas dividends as may be prescribed, or
- (b) such dividend manufacturers . . . or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 and 4 above for the purposes of such provisions of the Corporation Tax Acts as may be prescribed.
- (1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
- (a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
- (b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Corporation Tax Acts . . . , to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
- (2) Dividend manufacturing regulations may make provision with respect to—
- (a) the accounts and other records which are to be kept,
- (b) the vouchers which are to be issued or produced,
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
by persons by . . . whom manufactured dividends . . . are paid.
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Dividend manufacturing regulations may—
- (a) make provision for prescribed provisions of the Management Act to apply for corporation tax purposes in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Dividend manufacturing regulations may make different provision for different cases.
##### 4A
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##### 11A
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### Exchange gains and losses
##### 13
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##### 17
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##### 18
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##### 19
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### Transfer pricing
##### 20
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##### 2A
- (1) Paragraph 2 above shall have effect in accordance with this paragraph to determine whether a controlled foreign company . . . pursues an acceptable distribution policy in respect of a particular accounting period (“*the relevant accounting period*”).
- (2) Subject to sub-paragraph (4) below, where the distribution condition is satisfied in relation to the relevant accounting period, then, in addition to any dividend which falls within paragraph 2(1)(a) above apart from this paragraph—
- (a) any dividend which is paid for the accounting period (“*the preceding period*”) immediately preceding the relevant accounting period and which is not an excluded dividend shall be treated as falling within that paragraph, and
- (b) if the distribution condition is satisfied in relation to the preceding period, any dividend which is paid for the accounting period immediately preceding the preceding period and which is not an excluded dividend shall be treated as falling within that paragraph,
and so on; and in this sub-paragraph “*dividend*” means a dividend not paid out of specified profits.
- (3) For the purposes of this paragraph, the distribution condition is satisfied in relation to any accounting period if—
- (a) a dividend or dividends are paid for the period to persons resident in the United Kingdom,
- (b) the amount or, as the case may be, aggregate amount of any dividends falling within paragraph (a) above is not less than—
- (i) the relevant profits for that period, or
- (ii) where paragraph 2(4) or (5) above applies (with the modifications of paragraph 2 made by sub-paragraph (5) below), the appropriate portion of those profits, and
- (c) any dividends falling within that paragraph are paid not later than the time by which any dividend paid for the relevant accounting period is required by paragraph 2(1)(b) above to be paid;
or if there are no relevant profits for the period.
- (4) Where, by reason only of the fact that a company pursued an acceptable distribution policy in respect of any accounting period (“*the earlier period*”) earlier than the relevant accounting period, no apportionment under section 747(3) fell to be made in respect of the earlier period, sub-paragraph (2) above shall apply to any dividend required to be taken into account for the purpose of showing that the company pursued an acceptable distribution policy in respect of the earlier period only to the extent (if any) to which that dividend was not required to be taken into account for that purpose.
- (5) The modifications of paragraph 2 above referred to in sub-paragraph (3)(b) above are that—
- (a) the references in sub-paragraphs (4) and (5) to the accounting period in question are to be read as references to the accounting period for which the dividend or dividends are paid,
- (b) the references in those sub-paragraphs to sub-paragraph (1)(d) are to be read as references to sub-paragraph (3)(b) above, and
- (c) the reference in the definition of “X” in sub-paragraph (6) to net chargeable profits is to be read as a reference to relevant profits.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the purposes of this paragraph—
- (aa) a dividend is an excluded dividend if it is paid, in whole or in part, out of the total profits from which (in accordance with section 747(6)(a)) the chargeable profits for an excluded period are derived,
- (a) a period is an excluded period if it is an accounting period in respect of which an apportionment under section 747(3) falls to be made, and
- (b) relevant profits for any accounting period are the profits which would be the relevant profits of that period for the purposes of section 799 if a dividend were actually paid for that period.
##### 2B
- (1) This paragraph has effect for the purposes of paragraph 2(1A)(b) above.
- (2) No payment of dividend by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 4A
- (1) This paragraph has effect for the purposes of paragraph 4(1A)(b) above.
- (2) No payment to a company resident in the United Kingdom which represents the whole or part of a dividend paid by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that—
- (a) there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period, and
- (b) so much of the dividend as is represented by that payment will (if paragraph 4(1) above has effect) fall to be brought into account in determining whether the controlled foreign company has done so.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 11A
- (1) This paragraph has effect for the interpretation of paragraph 6(2B) above.
- (2) “*Contract of long-term insurance*” means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
- (3) “*Protection business*” means contracts of long-term insurance where—
- (a) either—
- (i) the contract has no surrender value; or
- (ii) the consideration consists of a single premium and the surrender value does not exceed the amount of that premium; and
- (b) the contract makes no provision for its conversion or extension in a manner which would result in its ceasing to fall within paragraph (a) above;
and references to protection business include a reference to reinsurance of protection business.
- (4) “*Insurance group*” shall be construed in accordance with section 255A(5) of the Companies Act 1985 (meaning of “insurance group” in Part 7) but reading Part 7 of that Act—
- (a) as if it extended to Northern Ireland, and
- (b) as if any reference to a company (within the meaning of that Act) included a reference to a company as defined in Article 3 of the Companies (Northern Ireland) Order 1986,
but does not include such an insurance group if it falls within sub-paragraph (5) below.
- (5) Such an insurance group falls within this sub-paragraph if (within the meaning of that Part as so read) the parent company is a subsidiary undertaking of a parent company which is neither—
- (a) the parent company of an insurance group; nor
- (b) a subsidiary undertaking of the parent company of an insurance group.
- (6) A controlled foreign company is, in accordance with sub-paragraphs (4) and (5) above, a “*member of an insurance group*” if (within the meaning of that Part as so read) it is the parent company, or a subsidiary undertaking of the parent company, of an insurance group which is by virtue of sub-paragraph (4) above an insurance group for the purposes of paragraph 6(2B) above.
- (7) A company’s main business is “*insuring or reinsuring large risks*” if (and only if)—
- (a) the company’s main business is the effecting or carrying out of contracts of insurance; and
- (b) 50% or more of its gross trading receipts from that business are derived from insuring or reinsuring large risks.
- “*Large risks*” is defined in paragraph 11B below.
- (8) In this paragraph—
- “*contract of insurance*” has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*contract of long-term insurance*” has the meaning given by sub-paragraph (2) above.
##### 11B
- (1) In paragraph 11A above “*large risks*” means—
- (a) risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- (b) risks falling within classes 14 and 15 of that Part which relate to a business carried on by the policy holder;
- (c) risks falling within classes 3, 8, 9, 10, 13 and 16 of that Part where the policy holder carries on a business in respect of which the condition specified in sub-paragraph (2) below is satisfied.
- (2) The condition referred to in sub-paragraph (1)(c) above is that, in the case of that business of the policy holder, at least two of the three following criteria were exceeded in the most recent financial year beginning on or after 1st January 1999 for which the information is available—
- (a) balance sheet total: 6.2 million euros;
- (b) net turnover: 12.8 million euros;
- (c) number of employees: 250.
- (3) For the purposes of sub-paragraph (2) above as it applies where the policy holder is a company, within the meaning of section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986,—
- (a) “*balance sheet total*” has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- (b) “*net turnover*” has the meaning given to “*turnover*” by section 262(1) of that Act or Article 270(1) of that Order; and
- (c) “*number of employees*” has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
and for a financial year which is a company’s financial year but not in fact a year, the net turnover of the company shall be proportionately reduced.
- (4) Where the policy holder is a member of a group for which consolidated accounts (within the meaning of Directive [83/349/EEC](https://www.legislation.gov.uk/european/directive/1983/0349)) are drawn up, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to those accounts.
- (5) For the purposes of sub-paragraph (1)(c) above as it applies where the policy holder is a professional association, joint venture or temporary grouping, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to the aggregate of the figures of the description in question for all the members of the professional association, joint venture or temporary grouping.
- (6) In sub-paragraphs (1) to (5) above “*business*” includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping.
- (7) For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate.
- (8) In this paragraph—
- “*euro*” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- “*financial year*”, in relation to any person, means the period (not exceeding 12 months) for which that person makes up accounts.
##### 12A
- (1) In paragraphs 6, 8(3) and 12(5) above and this paragraph, “*superior holding company*” means—
- (a) a company whose business consists wholly or mainly in the holding of shares or securities of companies which—
- (i) are holding companies or local holding companies; or
- (ii) are themselves superior holding companies; or
- (b) a company which would fall within paragraph (a) above if there were disregarded so much of its business as consists in the holding of property or rights of any description for use wholly or mainly by companies which it controls and which are resident in the territory in which it is resident.
- (2) For the purposes of sub-paragraphs (4A) and (4B) of paragraph 6 above, the income of a company during any period which “*represents qualifying exempt activity income of its subsidiaries*” is any income of the company during that period which is directly or indirectly derived from companies—
- (a) which it controls, and
- (b) which, throughout that period, fall within sub-paragraph (4B)(a) of that paragraph, but
- (c) which are not holding companies other than local holding companies.
- (3) In determining for the purposes of sub-paragraph (4A) or (4B) of paragraph 6 above the companies from which, and the proportions in which, different descriptions of income of a company are derived (whether directly or indirectly), any dividend shall be taken to be paid out of the appropriate profits.
- (4) Subsections (3) and (4) of section 799 (which provide rules for determining the profits out of which a dividend is to be regarded as paid for the purpose of subsection (1) of that section) shall apply for determining the appropriate profits for the purposes of subsection (3) above as they apply for determining the relevant profits for the purposes of subsection (1) of that section.
- (5) Sub-paragraphs (4) to (6) of paragraph 12 above shall apply in relation to sub-paragraph (4A) or (4B) of paragraph 6 above and a superior holding company as they apply in relation to sub-paragraph (3) or (4) of paragraph 6 above and a holding company, but taking the reference in sub-paragraph (4) of paragraph 12 above to paragraph (a) or (b) of sub-paragraph (1) of that paragraph as a reference to paragraph (a) or (b) of sub-paragraph (1) above.
## Part 2A — Trading Companies with Limited UK Connection
### Introductory
##### 12B
- (1) For the purposes of section 748(1)(ba), a controlled foreign company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12C),
- (b) business activities (see paragraph 12D),
- (c) UK connection (see paragraph 12E), and
- (d) finance income and relevant IP income (see paragraph 12F).
### Business establishment
##### 12C
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Business activities
##### 12D
- (1) The requirement of this paragraph is that—
- (a) C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities, or
- (b) if C is wholly engaged in business falling within paragraph 11(1)(c) (banking etc), C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities which do not constitute investment business.
- (2) For this purpose—
- “*non-exempt activities*” means—the holding or managing of shares or securities,the holding of intellectual property,dealing in securities, other than in the capacity of a broker,the leasing of any description of property or rights,the investment in any manner of funds which would otherwise be available, directly or indirectly, for investment by or on behalf of any person (whether resident in the United Kingdom or not) who has, or is connected or associated with a person who has, control, either alone or together with other persons, of C, andif C is not a member of an insurance group throughout the accounting period, the effecting or carrying out of contracts of insurance between C and persons related to C;
- “*investment business*” means activities within paragraphs (a) to (d) of paragraph 9(1).
- (3) For the purposes of sub-paragraph (2)(f), a person is “related” to C if—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period in question (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in that accounting period by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (4) In sub-paragraph (2)—
- “*broker*” includes any person offering to sell securities to, or purchase securities from, members of the public generally;
- “*contract of insurance*” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*insurance group*” has the meaning given by paragraph 11A(4);
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*member of an insurance group*” has the meaning given by paragraph 11A(6).
### UK connection
##### 12E
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if Condition A or B is met.
- (3) Condition A is that—
- (a) the UK-connected gross income of C's business for that period exceeds 10% of the gross income of that business for that period, and
- (b) sub-paragraph (4) does not apply.
- (4) This sub-paragraph applies if—
- (a) at all times in the accounting period there are sufficient individuals working for C in the territory in which it is resident, or in any other territory outside of the United Kingdom, who have the competence and authority to undertake all, or substantially all, of C's business,
- (b) C's relevant profits for the accounting period do not exceed 10% of C's relevant operating expenses for that period, and
- (c) the UK-connected gross income of C's business for that period does not exceed 50% of the gross income of that business for that period.
- (5) Condition B is that—
- (a) the UK-connected related-party business expenditure of C's business for that period exceeds 50% of the total related-party business expenditure of C's business for that period, and
- (b) during the accounting period C has been involved in a scheme where the main purpose, or one of the main purposes, of any party to the scheme in entering into the scheme is to achieve a reduction in corporation tax or any tax chargeable as if it were corporation tax.
- (6) For the purposes of sub-paragraph (4)(a), individuals are not to be regarded as working for C in any territory unless—
- (a) they are employed by C in the territory, or
- (b) they are otherwise directed by C to perform duties on its behalf in the territory.
- (7) In this paragraph—
- “*related-party business expenditure*” means any expenditure, other than capital expenditure, which gives rise, directly or indirectly, to income of a person related to C;
- “relevant profits”, for an accounting period, means the total profits of C for that period calculated in accordance with generally accepted accounting practice (disregarding any capital gains or losses), but before any deduction for interest or tax;
- “relevant operating expenses” of C means operating expenses of C other than—the cost of goods sold, andrelated-party business expenditure;
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*UK-connected gross income*” means the gross income derived, directly or indirectly, from persons who are within the charge to United Kingdom tax for all or part of the accounting period;
- “*UK-connected related-party business expenditure*” means related-party business expenditure which gives rise, directly or indirectly, to income of a person within the charge to United Kingdom tax in respect of that income;
- “*United Kingdom tax*” means income tax or corporation tax;
and paragraph 12D(3) (persons “related” to C) applies for the purposes of this paragraph as it applies for the purposes of paragraph 12D(2)(f).
- (8) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there, for the purposes of sub-paragraph (7)—
- (a) the gross income derived from that company is so much of the gross income as is attributable to that establishment, and
- (b) the income received by that company is such of its income as is attributable to that establishment.
### Finance income and relevant IP income
##### 12F
- (1) The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period falls within sub-paragraph (2).
- (2) Gross income falls within this sub-paragraph to the extent that it is—
- (a) finance income, or
- (b) relevant IP income.
- (3) “*Finance income*” means—
- (a) any amount which in accordance with UK generally accepted accounting practice falls to be recognised as arising from a financial asset, and
- (b) any return, in relation to an amount, which—
- (i) is produced for C by an arrangement to which C is party, and
- (ii) is economically equivalent to interest,
except to the extent that the return is taken into account in determining an amount within paragraph (a).
- (4) “*Relevant IP income*” means royalties and receipts of a similar nature arising from intellectual property.
- (5) For the purposes of sub-paragraph (3)(b), the amount of a return is the amount which by virtue of the return would, in calculating C's chargeable profits, be treated under section 486B of CTA 2009 (disguised interest to be regarded as profit from loan relationship) as a profit arising to C from a loan relationship.
- (6) But, in calculating that profit for the purposes of sub-paragraph (5), sections 486B(7) and 486C to 486E of CTA 2009 are to be ignored.
- (7) In this paragraph—
- “*economically equivalent to interest*” is to be construed in accordance with section 486B(2) and (3) of CTA 2009;
- “*financial asset*” means a financial asset as defined for the purposes of UK generally accepted accounting practice or international accounting standards;
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A).
### Gross income
##### 12G
- (1) References in this Part of this Schedule to C's gross income are to be construed in accordance with this paragraph.
- (2) C's gross income for an accounting period does not include—
- (a) any distribution that would not be included in C's chargeable profits by reason of it being exempt for the purposes of Part 9A of CTA 2009 (see section 931A of that Act), or
- (b) any amount that would be taken into account in computing chargeable gains if C were within the charge to corporation tax.
- (3) C's gross income for an accounting period includes—
- (a) any income which accrues during that period to the trustees of a settlement in relation to which C is a settlor or a beneficiary, and
- (b) any income which accrues during that period to a partnership of which C is a partner, apportioned between C and the other partners on a just and reasonable basis.
- (4) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in sub-paragraph (3)(a), the income is to be apportioned between C and the other settlors or beneficiaries on a just and reasonable basis.
- (5) In this paragraph—
- “*distribution*” has the same meaning as in the Corporation Tax Acts (see Part 23 of CTA 2010);
- “*partnership*” includes an entity established under the law of a country or territory outside the United Kingdom of a similar character to a partnership; and “partner” is to be read accordingly.
## Part 2B — Companies Exploiting Intellectual Property with Limited UK Connection
### Introductory
##### 12H
- (1) For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12I),
- (b) intellectual property business (see paragraph 12J),
- (c) other business activities (see paragraph 12K),
- (d) UK connection (see paragraph 12L), and
- (e) finance income (see paragraph 12M).
### Business establishment
##### 12I
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Intellectual property business
##### 12J
- (1) The requirement of this paragraph is that C's main business, throughout the accounting period, consists of the exploitation of intellectual property which does not have a relevant UK connection.
- (2) For the purposes of sub-paragraph (1), if any part of C's main business consists of the exploitation of intellectual property which has a relevant UK connection, that part is to be ignored if it is an insignificant part of C's main business.
- (3) Intellectual property has a relevant UK connection if—
- (a) at any time during the accounting period or the 6 years immediately preceding that period, it has been held by a person resident in the United Kingdom, or
- (b) activities relating to the creation, maintenance or enhancement of the intellectual property (other than activities of an incidental or insignificant nature) have been carried on by a person who for some or all of the period—
- (i) beginning when the activities were first carried on by the person, and
- (ii) ending at the end of the accounting period,
was related to C and within the charge to United Kingdom tax.
### Other business activities
##### 12K
- (1) The requirement of this paragraph is that—
- (a) C does not, at any time during the accounting period, carry on any activities otherwise than in the course of its main business, or
- (b) if it carries on any such activities (“secondary activities”), the secondary activities condition is met.
- (2) The secondary activities condition is that either—
- (a) the secondary activities do not, at any time during the accounting period, constitute a substantial part of the activities of C's business taken as a whole, or
- (b) section 748(1)(b) or (ba) would apply to prevent an apportionment under section 747(3) falling to be made as regards that period, if C's business consisted only of the secondary activities carried on by it during the accounting period.
### UK connection
##### 12L
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if—
- (a) all or a substantial proportion of C's gross income for that period consists of income from the exploitation of intellectual property which derives from persons within the charge to United Kingdom tax, or
- (b) during that period C incurs expenditure (other than expenditure of an incidental or insignificant nature) on—
- (i) R&D sub-contractor payments, or
- (ii) the creation, development or maintenance of relevant intellectual property,
and that expenditure forms part of the income of a person who for some or all of that period is related to C and within the charge to United Kingdom tax.
- (3) In this paragraph—
- “*R&D sub-contractor payment*” means a payment made by C to another person in respect of research and development contracted out by C to that person;
- “*relevant intellectual property*” means intellectual property which does not have a relevant UK connection (see paragraph 12J(3)) and which C exploits in the course of its main business.
### Finance income
##### 12M
The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period consists of finance income (within the meaning of paragraph 12F(3)).
### Interpretation of Part 2B
##### 12N
- (1) For the purpose of this Part of this Schedule—
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G (meaning of “gross income”) applies as it applies for the purposes of Part 2A of this Schedule.
- (2) For the purposes of this Part of this Schedule a person is “related” to C at a particular time if at that time—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period of C in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (3) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there—
- (a) for the purposes of paragraph 12J(3)(b), the activities carried on by the company are such of the activities as are carried on through that establishment,
- (b) for the purposes of paragraph 12L(2)(a), the income derived from that company is such of the income so derived as is attributable to that establishment, and
- (c) for the purposes of paragraph 12L(2)(b), the income of that company is such of its income as is attributable to that establishment.
## Part 3A — Exempt Periods
### Introductory
##### 15A
The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).
### Beginning of exempt period
##### 15B
- (1) An exempt period begins in relation to a company (“X”) at a time (“*the relevant time*”) when—
- (a) X is resident outside the United Kingdom,
- (b) X is controlled by persons resident in the United Kingdom,
- (c) there is at least one relevant UK corporate investor in X, and
- (d) the requirements of paragraph 15C or 15D are met.
- (2) There is a “relevant UK corporate investor in X” at a particular time if, at that time, there is a company which—
- (a) is resident in the United Kingdom, and
- (b) would, on the assumptions set out in sub-paragraph (3), be a company to which an apportionment of X's chargeable profits for the relevant accounting period would fall to be made in circumstances where section 747(5) would not prevent tax being chargeable on the company under section 747(4).
- (3) The assumptions are—
- (a) X has chargeable profits for the relevant accounting period,
- (b) an apportionment of those profits falls to be made under section 747(3) for that period, and
- (c) no reduction of those profits arises under section 751A, 751AA or 751AB.
- (4) “*The relevant accounting period*” means the accounting period of X in which the time mentioned in sub-paragraph (2) falls.
##### 15C
- (1) The requirements of this paragraph are that—
- (a) no company was, at any time before the relevant time, a relevant UK corporate investor in X,
- (b) no asset owned by X, or part of the business carried on by X, at the relevant time was previously owned, or carried on, by a company which—
- (i) was under the control of persons resident in the United Kingdom at any time it owned the asset or carried on the part of the business, and
- (ii) is or has been related to X,
- (c) condition A, B, C or D is met, and
- (d) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) Condition A is that, immediately before the relevant time, X—
- (a) was in existence, but
- (b) was not a member of the same group of companies as any person who, at the relevant time, was a controlling UK person.
- (3) Condition B is that—
- (a) at the relevant time X is controlled by a company which is resident in the United Kingdom, and
- (b) immediately before that time, X was controlled by that same company but that company was not then resident in the United Kingdom.
- (4) Condition C is that—
- (a) at the relevant time—
- (i) X is controlled by a company which is resident in the United Kingdom (“the intermediate parent”), and
- (ii) the intermediate parent is controlled by a company which is not resident in the United Kingdom (“the parent”), and
- (b) immediately before that time X was controlled by the parent but not the intermediate parent.
- (5) Condition D is that X—
- (a) is a controlled foreign company at the time it is formed, and
- (b) is formed by one or more persons for the purpose of controlling one or more companies in circumstances where it is expected that an exempt period will begin in relation to one or more of those companies at the time when X begins to control the company or companies.
- (6) In this paragraph “*controlling UK person*” means a person resident in the United Kingdom who alone, or together with other such persons, controls X.
##### 15D
- (1) The requirements of this paragraph are that—
- (a) the relevant time falls after 23 March 2011,
- (b) X has an accounting period during which 23 March 2011 falls,
- (c) no company was, at any time during that accounting period, a relevant UK corporate investor in X,
- (d) no company was, immediately before the relevant time, a relevant UK corporate investor in X,
- (e) at the relevant time X is controlled by a company which—
- (i) is resident in the United Kingdom, and
- (ii) is not under the control of another body corporate, or two or more other bodies corporate taken together, and
- (f) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) In determining for the purposes of sub-paragraph (1)(e)(ii) whether a company is under the control of two or more bodies corporate taken together, a body corporate which holds less than 10% of the issued ordinary shares of that company is to be disregarded.
- (3) For the purposes of sub-paragraph (2), a body corporate is treated as holding any shares held by persons who are connected or associated with the body corporate.
### Disqualifying relevant transactions
##### 15E
- (1) This paragraph applies for the purposes of paragraph 15C and 15D.
- (2) A disqualifying relevant transaction occurs if—
- (a) a relevant transaction occurs at the relevant time (whether or not the transaction occurs pursuant to an agreement entered into by X before that time), or
- (b) a relevant transaction occurs on or after 9 December 2010 but before the relevant time and that transaction forms part of an avoidance scheme.
- (3) “*Relevant transaction*” means—
- (a) the making by X of a loan or advance of an amount (other than a negligible amount) to a person who, at the time it is made, is related to X and subject to United Kingdom tax,
- (b) an increase (other than an increase of a negligible amount) in the amount of an existing loan or advance made by X to a person who, at the time of the increase, is related to X and subject to United Kingdom tax,
- (c) a change in the terms or conditions of an existing loan or advance made by X where—
- (i) the loan or advance is to a person who, at the time the change is made, is related to X and subject to United Kingdom tax, and
- (ii) the change has an effect (other than a negligible effect) on the amount of interest payable, or
- (d) a transaction to which sub-paragraph (4) applies.
- (4) This sub-paragraph applies to a transaction if—
- (a) it is referable to an activity carried on by X as part, or the whole, of any non-exempt activities carried on by X,
- (b) the results of the transaction are reflected in the profits arising in an accounting period of X and are not negligible in value, and
- (c) the results of the transaction alone, or together with the results of one or more other transactions, achieves a reduction in United Kingdom tax.
- (5) A transaction achieves, or two or more transactions together achieve, a reduction in United Kingdom tax if, had the transaction or transactions not been effected, any person—
- (a) would have been liable for any such tax or for a greater amount of any such tax, or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (6) In this paragraph—
- “*avoidance scheme*” means a scheme the main purpose, or one of the main purposes, of any party to which in entering into the scheme is to secure that section 748(1)(f) prevents an apportionment falling to be made under section 747(3) as regards an accounting period, or accounting periods, of X;
- “*non-exempt activities*” has the meaning given by paragraph 12D(2);
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*United Kingdom tax*” means corporation tax (or any tax chargeable as if it were corporation tax) or income tax.
### Ending of exempt period
##### 15F
- (1) An exempt period ends on the expiry of the period of 24 months which begins immediately after the first accounting period of X to end after the relevant time, unless sub-paragraph (2) applies.
- (2) If an early termination event occurs after the relevant time but before the time the exempt period would end under sub-paragraph (1), the exempt period ends immediately before that event.
- (3) An early termination event occurs if and when—
- (a) a relevant transaction occurs, whether or not the transaction occurs pursuant to an agreement entered into by X before that time, or
- (b) where the exempt period began because Condition D was met, X's business does not consist wholly in the holding of shares of companies which X controls, together with activities incidental to the holding of such shares.
### Interpretation of Part 3A
##### 15G
- (1) In this Part of this Schedule—
- “*group*” means a company and any other companies it controls;
- “*the relevant time*” has the meaning given by paragraph 15B;
- “*relevant transaction*” has the meaning given by paragraph 15E;
- “*relevant UK corporate investor in X*” has the meaning given by paragraph 15B(2);
- “*X*” is to be construed in accordance with paragraph 15B.
- (2) For the purposes of this Part of this Schedule a person is “related” to X at a particular time if—
- (a) the person is connected or associated with X at that time,
- (b) the person has a 25 per cent assessable interest in X in the case of the accounting period in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if X is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 21
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Part 3 — Supplementary
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 9
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Schedule 28A
## Part I — Significant increase in company capital
### General
##### 1
The provisions referred to in section 768B(2) for determining whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company are as follows.
### The basic rule
##### 2
There is a significant increase in the amount of a company’s capital if amount B—
- (a) exceeds amount A by at least £1 million; or
- (b) is at least twice amount A.
### Amount A
##### 3
- (1) Amount A is the lower of—
- (a) the amount of the company’s capital immediately before the change in the ownership; and
- (b) the highest 60 day minimum amount for the pre-change year, found in accordance with sub-paragraphs (2) to (6) below.
- (2) Find the daily amounts of the company’s capital over the pre-change year.
- (3) Take the highest of the daily amounts.
- (4) Find out whether there was in the pre-change year a period of 60 days or more in which there was no daily amount lower than the amount taken.
- (5) If there was, the amount taken is the highest 60 day minimum amount for the pre-change year.
- (6) If there was not, take the next highest of the daily amounts and repeat the process in sub-paragraph (4) above; and so on, until the highest 60 day minimum amount for the pre-change year is found.
- (7) In this Part of this Schedule “*the pre-change year*” means the period of one year ending immediately before the change in the ownership of the company in question.
### Amount B
##### 4
- (1) Amount B is the highest 60 day minimum amount for the post-change period (finding that amount for that period in the same way as the highest 60 day minimum amount for the pre-change year is found).
- (2) In this paragraph “*the post-change period*” means the period of three years beginning with the change in the ownership of the company in question.
### Capital and amounts of capital
##### 5
- (1) The capital of a company consists of the aggregate of—
- (a) the amount of the paid up share capital of the company;
- (b) the amount outstanding of any debts incurred by the company which are of a description mentioned in any of paragraphs (a) to (c) of section 417(7); and
- (c) the amount outstanding of any redeemable loan capital issued by the company.
- (2) For the purposes of sub-paragraph (1) above—
- (a) the amount of the paid up share capital includes any amount in the share premium account of the company (construing “share premium account” in the same way as in section 130 of the Companies Act 1985); and
- (b) the amount outstanding of any debts includes any interest due on the debts.
- (3) Amounts of capital shall be expressed in sterling and rounded up to the nearest pound.
## Part II — Amounts in issue for purposes of section 768B
##### 6
The amounts in issue referred to in section 768B(4)(c) are—
- (a) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than under section 75;
- (b) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (c) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (d) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (da) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within sub-paragraph (dc) below) ;
- (db) the amount of any non-trading debit (other than one within sub-paragraph . . . (dd) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (dc) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (dd) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (de) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (df) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule;
- (e) any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.
##### 6A
For the purposes of paragraph 6(da) above, the amount for any accounting period of the adjusted Case III profits and gains or non-trading deficit of a company is the amount which, as the case may be, would be—
- (a) the amount of the profits and gains chargeable under Case III of Schedule D as profits and gains arising from the company’s loan relationships, or
- (b) the amount of the company’s non-trading deficit on those relationships for that period,
if, in computing that amount, amounts for that period falling within paragraph 6(db) to (dd) above were disregarded.
## Part III — Apportionment for purposes of section 768B
##### 7
- (1) Subject to paragraph 8 below, the apportionment required by section 768B(4)(c) shall be made—
- (a) in the case of the sums mentioned in paragraph 6(a) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 6(b) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 6(c) above, or in the case of the non-trading deficit mentioned in paragraph 6(dc) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 6(d) , (da) and (e) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to be brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 6(dd) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided.
- (g) in the case of any such credit or debit as is mentioned in paragraph 6(de), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 6(df) above, by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
If it appears that any method of apportionment given by paragraph 7 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## Part IV — Excess overdue interest
### Introductory
##### 9
- (1) This paragraph has effect in a case to which section 768B applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account shall not include the debits falling within paragraph 11 below to the extent (if at all) that the aggregate of—
- (a) the amount of those debits, and
- (b) the amount of any debits falling within that paragraph which have been brought into account for the purposes of that Chapter for any previous accounting period ending after the change in the ownership,
exceeds the profits for the accounting period ending with the change in the ownership.
- (3) The reference in sub-paragraph (2) above to the profits is a reference to profits after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes.
### The rules
##### 10
- (1) This paragraph has effect in a case to which section 768C applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the relevant company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account for any such accounting period shall not include the debits falling within paragraph 11 below to the extent (if at all) that the amount of those debits exceeds the modified total profits for the accounting period.
- (3) The reference in sub-paragraph (2) above to the modified total profits for an accounting period is a reference to the total profits for that period—
- (a) reduced, if that period is the period in which the relevant gain accrues, by an amount equal to the amount of the total profits for that period which represents the relevant gain; and
- (b) after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes, other than any reduction by virtue of paragraph 1(2) of Schedule 8 to the Finance Act 1996.
- (4) Where by virtue of sub-paragraph (2) above a debit is to any extent not brought into account for an accounting period, that debit may (to that extent) be brought into account for the next accounting period, but this is subject to the application of sub-paragraphs (1) to (3) above to that next accounting period.
##### 11
- (1) A debit falls within this paragraph if it is a non-trading debit which—
- (a) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting;
- (b) so falls to be brought into account—
- (i) with an adjustment under paragraph 17 or 18 of Schedule 9 to that Act (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed); or
- (ii) on the assumption, specified in sub-paragraph (2) of paragraph 2 of that Schedule, that the interest to which it relates does not accrue until it is paid; and
- (c) apart from paragraphs 2(2), 17 and 18 of that Schedule, would have fallen to be brought into account for those purposes for an accounting period ending before or with the change in the ownership of the company or, as the case may be, the relevant company.
- (2) The debits that fall within this paragraph also include—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) any non-trading debit given by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company or, as the case may be, the relevant company.
- (3) The debits that fall within this paragraph also include any non-trading debit which—
- (a) is not such a debit as is mentioned in sub-paragraph (1) or (2) above;
- (b) is a debit in respect of a debtor relationship of the company or, as the case may be, the relevant company;
- (c) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting; and
- (d) relates to an amount that accrued before the change in the ownership of that company.
- (4) In this paragraph “*post-change accounting period*” means the accounting period beginning immediately after the change in the ownership of the company or, as the case may be, the relevant company.
##### 12
Expressions used both in this Part of this Schedule and in Chapter II of Part IV of the Finance Act 1996 have the same meanings in this Part of this Schedule as in that Chapter.
## Part IV — Disallowed debits
##### 9A
- (1) This paragraph has effect in any case to which section 768B applies where the non-trading deficit mentioned in paragraph 6(dc) above is apportioned by paragraph 7(b) above to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
##### 10A
- (1) This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
## Part V — Amounts in issue for purposes of section 768C
##### 13
- (1) The amounts in issue referred to in section 768C(3)(c) are—
- (a) the amount which would in accordance with the relevant provisions of the 1992 Act (and apart from section 768C) be included in respect of chargeable gains in the total profits for the accounting period being divided;
- (b) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided except any such expenses as would (apart from section 768C) be deductible in computing total profits otherwise than under section 75;
- (c) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (d) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (e) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768C) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (ea) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within paragraph (ec) below);
- (eb) the amount of any non-trading debit (other than one within paragraph . . . (ed) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (ec) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (ed) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (ee) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (ef) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule; and
- (f) any other amounts by reference to which the profits or losses of the accounting period being divided would (apart from section 768C) be calculated.
- (2) In sub-paragraph (1)(a) above “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act.
##### 13A
Paragraph 6A above shall apply for the purposes of paragraph 13(1)(ea) above as it applies for the purposes of paragraph 6(da) above.
## Part VI — Apportionment for purposes of section 768C
##### 14
The apportionment required by section 768C(3)(c) shall be made as follows.
##### 15
In the case of the amount mentioned in paragraph 13(1)(a) above—
- (a) if it does not exceed the amount of the relevant gain, the whole of it shall be apportioned to the second part of the accounting period being divided;
- (b) if it exceeds the amount of the relevant gain, the excess shall be apportioned to the first part of the accounting period being divided and the relevant gain shall be apportioned to the second part.
##### 16
- (1) Subject to paragraph 17 below, the apportionment shall be made—
- (a) in the case of the sums mentioned in paragraph 13(1)(b) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 13(1)(c) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 13(1)(d) above, or in the case of the non-trading deficit mentioned in paragraph 13(1)(ec) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 13(1)(e) , (ea) and (f) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 13(1)(ed) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (g) in the case of any such credit or debit as is mentioned in paragraph 13(ee), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 13(ef), by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
If it appears that any method of apportionment given by paragraph 16 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## SCHEDULE 28AA
### Basic rule on transfer pricing etc.
##### 1
- (1) This Schedule applies where—
- (a) provision (“the actual provision") has been made or imposed as between any two persons (“the affected persons") by means of a transaction or series of transactions, and
- (b) at the time of the making or imposition of the actual provision—
- (i) one of the affected persons was directly or indirectly participating in the management, control or capital of the other; or
- (ii) the same person or persons was or were directly or indirectly participating in the management, control or capital of each of the affected persons.
- (2) Subject to paragraphs 5A, 5B, 8, 10 and 13 below, if the actual provision—
- (a) differs from the provision (“the arm"s length provision’) which would have been made as between independent enterprises, and
- (b) confers a potential advantage in relation to United Kingdom taxation on one of the affected persons, or (whether or not the same advantage) on each of them,
the profits and losses of the potentially advantaged person or, as the case may be, of each of the potentially advantaged persons shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision.
- (3) For the purposes of this Schedule the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises shall include the case in which provision is made or imposed as between any two persons but no provision would have been made as between independent enterprises; and references in this Schedule to the arm’s length provision shall be construed accordingly.
### Provision in relation to securities: determination of arm’s length provision
##### 1A
- (1) This paragraph applies where—
- (a) both of the affected persons are companies, and
- (b) the actual provision is provision in relation to a security issued by one of those companies (“the issuing company”).
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the special relationship (see sub-paragraph (6) below),
- (b) the amount which the loan would have been in the absence of the special relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship (see sub-paragraphs (7) and (8) below).
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) In this paragraph “*special relationship*” means any relationship by virtue of which the condition in paragraph 1(1)(b) above is satisfied in the case of the affected persons.
- (7) In this paragraph any reference to a guarantee includes a reference to a surety and to any other relationship, arrangements, connection or understanding (whether formal or informal) such that the person making the loan to the issuing company has a reasonable expectation that in the event of a default by the issuing company he will be paid by, or out of the assets of, one or more companies.
- (8) For the purposes of this paragraph, the cases where one company has a “*participatory relationship*”with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (9) In this paragraph “*security*” includes securities not creating or evidencing a charge on assets.
- (10) For the purposes of this paragraph—
- (a) interest payable by a company on money advanced without the issue of a security for the advance, or
- (b) other consideration given by a company for the use of money so advanced,
shall be treated as if payable or given in respect of a security issued for the advance by the company, and references in this paragraph to a security shall be construed accordingly.
### Guarantees etc
##### 1B
- (1) This paragraph applies where the actual provision is made or imposed by means of a series of transactions which include—
- (a) the issuing of a security by a company which is one of the affected persons (“the issuing company”), and
- (b) the provision of a guarantee by a company which is the other of those persons.
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the guarantee would have been provided at all in the absence of the special relationship,
- (b) the amount that would have been guaranteed in the absence of the special relationship, and
- (c) the consideration for the guarantee and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company provides a guarantee in respect of another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to provide guarantees generally,
the fact that it is not part of the first company’s business to provide guarantees generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship.
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (6) (meaning of special relationship);
- (b) sub-paragraph (7) (construction of references to a guarantee);
- (c) sub-paragraph (8) (meaning of participatory relationship);
- (d) sub-paragraph (9) (meaning of security);
- (e) sub-paragraph (10) (extended meaning of security).
### Principles for construing rules in accordance with OECD principles
##### 2
- (1) This Schedule shall be construed (subject to paragraphs 8 to 11 below) in such manner as best secures consistency between—
- (a) the effect given to paragraph 1 above; and
- (b) the effect which, in accordance with the transfer pricing guidelines, is to be given, in cases where double taxation arrangements incorporate the whole or any part of the OECD model, to so much of the arrangements as does so.
- (2) In this paragraph “*the OECD model*” means—
- (a) the rules which, at the passing of this Act, were contained in Article 9 of the Model Tax Convention on Income and on Capital published by the Organisation for Economic Co-operation and Development; or
- (b) any rules in the same or equivalent terms.
- (3) In this paragraph “*the transfer pricing guidelines*” means—
- (a) all the documents published by the Organisation for Economic Co-operation and Development, at any time before 1st May 1998, as part of their Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations; and
- (b) such documents published by that Organisation on or after that date as may for the purposes of this Schedule be designated, by an order made by the Treasury, as comprised in the transfer pricing guidelines.
### Meaning of “transaction" and “series of transactions"
##### 3
- (1) In this Schedule “*transaction*” includes arrangements, understandings and mutual practices (whether or not they are, or are intended to be, legally enforceable).
- (2) References in this Schedule to a series of transactions include references to a number of transactions each entered into (whether or not one after the other) in pursuance of, or in relation to, the same arrangement.
- (3) A series of transactions shall not be prevented by reason only of one or more of the matters mentioned in sub-paragraph (4) below from being regarded for the purposes of this Schedule as a series of transactions by means of which provision has been made or imposed as between any two persons.
- (4) Those matters are—
- (a) that there is no transaction in the series to which both those persons are parties;
- (b) that the parties to any arrangement in pursuance of which the transactions in the series are entered into do not include one or both of those persons; and
- (c) that there is one or more transactions in the series to which neither of those persons is a party.
- (5) In this paragraph, “*arrangement*” means any scheme or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable).
### Participation in the management, control or capital of a person
##### 4
- (1) For the purposes of this Schedule a person is directly participating in the management, control or capital of another person at a particular time if, and only if, that other person is at that time—
- (a) a body corporate or a partnership; and
- (b) controlled by the first person.
- (2) For the purposes of this Schedule a person (“*the potential participant*”) is indirectly participating in the management, control or capital of another person at a particular time if, and (subject to paragraphs 4A and 6(4C) below) only if—
- (a) he would be taken to be directly so participating at that time if the rights and powers attributed to him included all the rights and powers mentioned in sub-paragraph (3) below that are not already attributed to him for the purposes of sub-paragraph (1) above; or
- (b) he is, at that time, one of a number of major participants in that other person’s enterprise.
- (3) The rights and powers referred to in sub-paragraph (2)(a) above are—
- (a) rights and powers which the potential participant is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of persons other than the potential participant to the extent that they are rights or powers falling within sub-paragraph (4) below;
- (c) rights and powers of any person with whom the potential participant is connected; and
- (d) rights and powers which for the purposes of sub-paragraph (2)(a) above would be attributed to a person with whom the potential participant is connected if that connected person were himself the potential participant.
- (4) Rights and powers fall within this sub-paragraph to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the potential participant;
- (ii) under the direction of the potential participant; or
- (iii) for the benefit of the potential participant;
and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (5) In sub-paragraphs (3)(b) to (d) and (4) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (6) In paragraph (d) of sub-paragraph (3) above, the reference to rights and powers which would be attributed to a connected person if he were the potential participant includes a reference to rights and powers which, by applying that paragraph wherever one person is connected with another, would be so attributed to him through a number of persons each of whom is connected with at least one of the others.
- (7) For the purposes of this paragraph a person (“*the potential major participant*”) is a major participant in another person’s enterprise at a particular time if at that time—
- (a) that other person (“*the subordinate*”) is a body corporate or partnership; and
- (b) the 40 per cent. test is satisfied in the case of each of two persons who, taken together, control the subordinate and of whom one is the potential major participant.
- (8) For the purposes of this paragraph the 40 per cent. test is satisfied in the case of each of two persons wherever each of them has interests, rights and powers representing at least 40 per cent. of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the subordinate.
- (9) For the purposes of this paragraph—
- (a) the question whether a person is controlled by any two or more persons taken together, and
- (b) any question whether the 40 per cent. test is satisfied in the case of a person who is one of two persons,
shall be determined after attributing to each of the persons all the rights and powers attributed to a potential participant for the purposes of sub-paragraph (2)(a) above.
- (10) References in this paragraph—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
- (11) For the purposes of this paragraph two persons are connected with each other if—
- (a) one of them is an individual and the other is his spouse or civil partner, a relative of his or of his spouse or civil partner, or the spouse or civil partner of such a relative; or
- (b) one of them is a trustee of a settlement and the other is—
- (i) a person who in relation to that settlement is a settlor; or
- (ii) a person who is connected with a person falling within sub-paragraph (i) above.
- (12) In sub-paragraph (11) above—
- “*relative*” means brother, sister, ancestor or lineal descendant; and
- “*settlement*” and “*settlor*” have the same meanings as in section 620 of ITTOIA 2005.
### Persons acting together in relation to financing arrangements
##### 4A
- (1) A person (“P”) shall be treated for the purposes of paragraph 1(1)(b)(i) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for A;
- (b) A is a body corporate or partnership;
- (c) P and other persons acted together in relation to the financing arrangements; and
- (d) P would be taken to have control of A if, at any relevant time, there were attributed to P the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (2) A person (“Q”) shall be treated for the purposes of paragraph 1(1)(b)(ii) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of each of the affected persons at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for one of the affected persons (“B”);
- (b) B is a body corporate or partnership;
- (c) Q and other persons acted together in relation to the financing arrangements; and
- (d) Q would be taken to have control of both B and the other affected person if, at any relevant time, there were attributed to Q the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (3) It is immaterial for the purposes of sub-paragraph (1)(c) or (2)(c) above whether P or Q and the other persons acting together in relation to the financing arrangements did so at the time of the making or imposition of the actual provision or at some earlier time.
- (4) In sub-paragraph (1)(d) or (2)(d) “*relevant time*” means—
- (a) a time when P or Q and the other persons were acting together in relation to the financing arrangements; or
- (b) a time in the period of six months beginning with the day on which they ceased so to act.
- (5) In determining for the purposes of sub-paragraph (1)(d) or (2)(d) whether P or Q would be taken to have control of another person, the rights and powers of any person (and not just P or Q) shall be taken to include those that would be attributed to that person in determining under paragraph 4 above whether he is indirectly participating in the management, control or capital of the other person.
- (6) In this paragraph “*financing arrangements*” means arrangements made for providing or guaranteeing, or otherwise in connection with, any debt, capital or other form of finance.
- (7) Where the condition in paragraph 1(1)(b) above would not be satisfied but for this paragraph, paragraph 1(2) above applies only to the extent that the actual provision relates to the financing arrangements in question.
### Financing arrangements: anticipatory provision
##### 4B
- (1) To the extent that it applies to provision relating to financing arrangements, this Schedule has effect as if in paragraph 1(1)(b) above the words “or within the period of six months beginning with the day on which the actual provision was made or imposed” were inserted immediately before sub-paragraph (i).
- (2) In this paragraph “*financing arrangements*” has the same meaning as in paragraph 4A above.
### Advantage in relation to United Kingdom taxation
##### 5
- (1) For the purposes of this Schedule . . . the actual provision confers a potential advantage on a person in relation to United Kingdom taxation wherever, disregarding this Schedule, the effect of making or imposing the actual provision, instead of the arm’s length provision, would be one or both of the following, that is to say—
- (a) that a smaller amount (which may be nil) would be taken for tax purposes to be the amount of that person’s profits for any chargeable period; or
- (b) that a larger amount (or, if there would not otherwise have been losses, any amount of more than nil) would be taken for tax purposes to be the amount for any chargeable period of any losses of that person.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- (a) disregarded income within the meaning given by section 813 of ITA 2007 (limits on liability to income tax of non-UK residents), or
- (b) disregarded company income within the meaning given by section 816 of that Act.
### Exemption for dormant companies
##### 5A
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which satisfies the condition in sub-paragraph (2) below.
- (2) The condition is that—
- (a) the company was dormant throughout the pre-qualifying period, and
- (b) apart from paragraph 1 above, the company has continued to be dormant at all times since the end of the pre-qualifying period.
- (3) In sub-paragraph (2) above “*the pre-qualifying period*” means—
- (a) if there is an accounting period of the company that ends on 31st March 2004, that accounting period, or
- (b) if there is no such accounting period, the period of 3 months ending with that date.
- (4) In this paragraph “*dormant*” has the same meaning as in section 249AA of the Companies Act 1985 (see subsections (4) to (7) of that section).
### Exemption for small or medium-sized enterprises
##### 5B
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see paragraph 5D below).
- (2) Exceptions to sub-paragraph (1) above are provided—
- (a) in the case of a small enterprise, by sub-paragraphs (3) and (4) below, and
- (b) in the case of a medium-sized enterprise, by sub-paragraphs (3) and (4) and paragraph 5C below.
- (3) The first exception is where the small or medium-sized enterprise elects for sub-paragraph (1) above not to apply in relation to the chargeable period.
Any such election is irrevocable.
- (4) The second exception is where, at the time when the actual provision is or was made or imposed,—
- (a) the other affected person, or
- (b) a party to a relevant transaction (see sub-paragraph (5) below),
is a resident (see sub-paragraph (6) below) of a non-qualifying territory (whether or not that person is also a resident of a qualifying territory).
- (5) For the purposes of sub-paragraph (4) above, a “party to a relevant transaction” is a person who, in a case where the actual provision is or was imposed by means of a series of transactions, is or was a party to one or more of those transactions.
- (6) In this paragraph “*resident*”, in relation to a territory,—
- (a) means a person who, under the laws of that territory, is liable to tax there by reason of his domicile, residence or place of management, but
- (b) does not include a person who is liable to tax in that territory in respect only of income from sources in that territory or capital situated there.
- (7) The definitions of “qualifying territory” and “non-qualifying territory” are in paragraph 5E below.
### Additional provisions for medium-sized enterprises
##### 5C
- (1) Paragraph 5B(1) above does not apply as respects any provision made or imposed if—
- (a) the potentially advantaged person in question is a medium-sized enterprise for the chargeable period in question, and
- (b) the Board gives that person a notice under this sub-paragraph (a “*transfer pricing notice*”) requiring him to compute the profits and losses of that chargeable period in accordance with paragraph 1(2) above in the case of that provision.
- (2) A transfer pricing notice may be given in respect of —
- (a) any provision specified, or of a description specified, in the notice, or
- (b) every provision in relation to which the assumption in paragraph 1(2) above would fall to be made apart from paragraph 5B(1) above.
- (3) A transfer pricing notice may be given only after a notice of enquiry has been given to the potentially advantaged person in respect of his tax return for the chargeable period.
- (4) A transfer pricing notice must identify the officer of the Board to whom any notice of appeal under this paragraph is to be given.
- (5) A person to whom a transfer pricing notice is given may appeal against the decision to give the notice, but only on the grounds that the condition in sub-paragraph (1)(a) above is not satisfied.
- (6) Any such appeal must be brought by giving written notice of appeal to the officer of the Board identified for the purpose in the transfer pricing notice in accordance with sub-paragraph (4) above.
- (7) The notice of appeal must be given before the end of the period of 30 days beginning with the day on which the transfer pricing notice is given.
- (8) A person to whom a transfer pricing notice is given may amend his tax return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with—
- (a) the day on which the notice is given, or
- (b) if he appeals against the notice, the day on which the appeal is finally determined or abandoned.
- (9) Where a transfer pricing notice is given in the case of any tax return, no closure notice may be given in relation to that tax return until—
- (a) the end of the period of 90 days specified in sub-paragraph (8) above, or
- (b) the earlier amendment of the tax return for the purpose of complying with the notice.
- (10) So far as relating to any provision made or imposed by or in relation to a person—
- (a) who is a medium-sized enterprise for a chargeable period,
- (b) who does not make an election under paragraph 5B(3) above for that period, and
- (c) who is not excepted from paragraph 5B(1) above by virtue of paragraph 5B(4) above in relation to that provision for that period,
the tax return required to be made for that period is a return that disregards paragraph 1(2) above.
- (11) Sub-paragraph (10) above does not prevent a tax return for a period becoming incorrect if, in the case of any provision made or imposed,—
- (a) a transfer pricing notice is given which has effect in relation to that provision for that period,
- (b) the return is not amended in accordance with sub-paragraph (8) above for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this paragraph—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998;
- “*tax return*” means—a return under section 8, 8A or 12AA of the Management Act, ora company tax return.
### Meaning of “small enterprise” and “medium-sized enterprise”
##### 5D
- (1) In this Schedule—
- (a) “*small enterprise*” means a small enterprise as defined in the Annex to the Commission Recommendation,
- (b) “*medium-sized enterprise*” means an enterprise which—
- (i) falls within the category of micro, small and medium-sized enterprises as defined in that Annex, and
- (ii) is not a small enterprise as defined in that Annex,
but for these purposes that Annex has effect with the modifications set out in sub-paragraphs (3) to (6) of this paragraph.
- (2) In this paragraph—
- “*the Annex*” means the Annex to the Commission Recommendation;
- “*the Commission Recommendation*” means Commission Recommendation 2003/361/EC of 6th May 2003 (concerning the definition of micro, small and medium-sized enterprises).
- (3) Where any enterprise is in liquidation or administration, the rights of the liquidator or administrator (in that capacity) shall be left out of account when applying Article 3(3)(b) of the Annex in determining for the purposes of this Schedule whether—
- (a) that enterprise, or
- (b) any other enterprise (including that of the liquidator or administrator),
is a small or medium-sized enterprise.
- (4) Article 3 of the Annex shall have effect with the omission of paragraph 5 (declaration in good faith where control cannot be determined etc).
- (5) The first sentence of Article 4(1) of the Annex shall have effect as if the data to apply to—
- (a) the headcount of staff, and
- (b) the financial amounts,
were the data relating to the chargeable period in paragraph 5B(1) above (instead of the period described in that sentence) and calculated on an annual basis.
- (6) Article 4 of the Annex shall have effect with the omission of the following provisions—
- (a) the second sentence of paragraph 1 (data to be taken into account from date of closure of accounts);
- (b) paragraph 2 (no change of status unless ceilings exceeded for two consecutive periods);
- (c) paragraph 3 (bona fide estimate in case of newly established enterprise).
### Meaning of “qualifying territory” and “non-qualifying territory”
##### 5E
- (1) In this Schedule—
- “*non-qualifying territory*” means any territory which is not a qualifying territory;
- “*qualifying territory*” means—the United Kingdom, orany territory as respects which Condition 1 or Condition 2 below is satisfied.
- (2) Condition 1 is that—
- (a) arrangements to which section 788 applies (double taxation relief by agreement with other territories) have been made in relation to the territory;
- (b) those arrangements contain a non-discrimination provision (see sub-paragraphs (4) and (5) below); and
- (c) the territory is not designated as a non-qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (3) Condition 2 is that—
- (a) arrangements to which section 788 applies have been made in relation to the territory; and
- (b) the territory is designated as a qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (4) For the purposes of this paragraph a “*non-discrimination provision*”, in relation to any arrangement to which section 788 applies, is a provision to the effect that nationals of a state which is a party to those arrangements (a “contracting state”) are not to be subject in any other contracting state to—
- (a) any taxation, or
- (b) any requirement connected with taxation,
which is other or more burdensome than the taxation and connected requirements to which nationals of that other state in the same circumstances (in particular with respect to residence) are or may be subjected.
- (5) In this paragraph, “*national*”, in relation to a contracting state, includes—
- (a) any individual possessing the nationality or citizenship of the contracting state,
- (b) any legal person, partnership or association deriving its status as such from the laws in force in that contracting state.
- (6) A statutory instrument containing regulations under this paragraph shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Elimination of double counting
##### 6
- (1) This paragraph applies where—
- (a) only one of the affected persons (“the advantaged person”) is a person on whom a potential advantage in relation to United Kingdom taxation is conferred by the actual provision; and
- (b) the other affected person (“the disadvantaged person”) is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (2) Subject to sub-paragraphs (3) to (6) and paragraphs6C, 6D, 7 and 8 below, on the making of a claim by the disadvantaged person for the purposes of this paragraph—
- (a) the profits and losses of the disadvantaged person shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) notwithstanding any limit in the Tax Acts on the time within which any adjustment may be made, all such adjustments shall be made in his case as may be required to give effect to the assumption that the arm’s length provision was made or imposed instead of the actual provision.
- (3) A claim made by the disadvantaged person for the purposes of this paragraph—
- (a) shall not be made unless a computation has been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision; and
- (b) must be consistent with the computation made on that basis in the case of the advantaged person.
- (4) For the purposes of sub-paragraph (3) above a computation shall be taken to have been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision if, and only if—
- (a) the computations made for the purposes of any return by the advantaged person have been made on that basis by virtue of this Schedule; or
- (b) a relevant notice given to the advantaged person takes account of a determination in pursuance of this Schedule of an amount falling to be brought into account for tax purposes on that basis.
- (4A) A claim by the disadvantaged person for the purposes of this paragraph shall not be made where—
- (a) the condition in paragraph 1(1)(b) above would not be satisfied but for paragraph 4A above;
- (b) the actual provision is provision in relation to a security issued by one of the affected persons (“*the issuer*”);
- (c) a guarantee is provided in relation to the security by a person with whom the issuer has a participatory relationship.
In this sub-paragraph “*security*” and “*guarantee*” have the same meaning as in paragraph 1A above.
- (4B) For the purposes of sub-paragraph (4A) above, the cases where one person has a “*participatory relationship*” with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (4C) Paragraph 4A above applies for the purposes of sub-paragraph (4B) above as it applies for the purposes of paragraph 1(1)(b) above.
- (5) Subject to section 111(3)(b) of the Finance Act 1998 (which provides for the extension of the period for making a claim), a claim for the purposes of this paragraph shall not be made except within one of the following periods—
- (a) in a case where a return has been made by the advantaged person on the basis mentioned in sub-paragraph (3)(a) above, the period of two years beginning with the day of the making of the return; and
- (b) in any case where a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above has been given to the advantaged person, the period of two years beginning with the day on which that notice was given.
- (6) Subject to section 111(3)(b) of the Finance Act 1998, where—
- (a) a claim for the purposes of this paragraph is made by the disadvantaged person in relation to a return made on the basis mentioned in sub-paragraph (3)(a) above, and
- (b) a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above is subsequently given to the advantaged person,
the disadvantaged person shall be entitled, within the period mentioned in sub-paragraph (5)(b) above, to make any such amendment of the claim as may be appropriate in consequence of the determination contained in that notice.
- (7) In this paragraph—
- “*relevant notice*” means—a closure notice under section 28A(1) or 28B(1) of the Management Act in relation to an enquiry into a return under section 8 or 8A of that Act or into a partnership return;a closure notice under paragraph 32 of Schedule 18 to the Finance Act 1998 in relation to an enquiry into a company tax return;a notice of an assessment under section 29 of the Management Act;a notice of any discovery assessment or discovery determination under paragraph 41 of Schedule 18 to the Finance Act 1998 (including any notice of an assessment by virtue of paragraph 52 of that Schedule);a notice under section 30B(1) of the Management Act amending a partnership return;
- “*return*” means any return required to be made under the Management Act or Schedule 18 to the Finance Act 1998 for income tax or corporation tax purposes or any voluntary amendment of such a return; and
- “*voluntary amendment*”, in relation to a return, means —an amendment under section 9ZA or 12ABA of the Management Act (amendment of personal, trustee or partnership return by taxpayer), oran amendment under Schedule 18 to the Finance Act 1998 other than one made in response to the giving of a relevant notice.
### Application of paragraph 6 in relation to transfers of trading stock etc
##### 6A
- (1) Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
- (a) closing trading stock, or
- (b) closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
- (2) For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
- (3) For the purposes of this paragraph “*trading stock*”, in relation to any trade, has the same meaning as it has for the purposes of section 100 above (see subsection (2) of that section) or Chapter 12 of Part 2 of ITTOIA 2005 (see section 174 of that Act) (valuation of trading stock at discontinuance of trade).
### Compensating adjustment where advantaged person is a controlled foreign company
##### 6B
- (1) This paragraph applies in any case where—
- (a) the actual provision is provision made or imposed in relation to a controlled foreign company,
- (b) in determining for the purposes of Chapter 4 of Part 17 the amount of that company’s chargeable profits for an accounting period, its profits and losses fall to be computed in accordance with paragraph 1(2) above in the case of that provision,
- (c) the whole of those chargeable profits fall to be apportioned under section 747(3) to one or more companies resident in the United Kingdom, and
- (d) tax is chargeable by virtue of section 747(4) in respect of the whole of those chargeable profits, as so apportioned to those companies.
- (2) Where this paragraph applies, paragraph 6 above shall have effect as if the controlled foreign company were a person on whom a potential advantage in relation to United Kingdom taxation were conferred by the actual provision.
- (3) In the application of paragraph 6 above by virtue of this paragraph—
- (a) references to the advantaged person in sub-paragraphs (4)(a) and (b), (5)(a) and (b) and (6)(b) of that paragraph include a reference to any of the companies mentioned in sub-paragraph (1)(c) above, and
- (b) references to corporation tax include a reference to tax chargeable by virtue of section 747(4).
- (4) In this paragraph—
- “*controlled foreign company*” has the same meaning as in Chapter 4 of Part 17;
- “*accounting period*”, in relation to a controlled foreign company, has the same meaning as in Chapter 4 of Part 17.
### Claims under paragraph 6 where paragraph 1A applies
##### 6C
- (1) Where paragraph 1A above applies in relation to any provision, this paragraph has effect in relation to that provision.
- (2) A claim under paragraph 6(2) above may be made in accordance with this paragraph.
For the purposes of this Schedule a “paragraph 6C claim” is a claim under paragraph 6(2) above made in accordance with this paragraph.
- (3) A paragraph 6C claim may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such claim made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (4) A paragraph 6C claim may be made before or after a computation falling within paragraph 6(3)(a) above has been made.
- (5) A paragraph 6C claim must be made either—
- (a) at any time before the end of the period mentioned in paragraph 6(5)(a) above, or
- (b) within the period mentioned in paragraph 6(5)(b) above,
but this is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making a claim).
- (6) A paragraph 6C claim is not a claim within paragraph 57 or 58 of Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters).
Accordingly, paragraph 59 of that Schedule (application of Schedule 1A to the Management Act) has effect in relation to a paragraph 6C claim.
- (7) Where—
- (a) a paragraph 6C claim is made before a computation falling within paragraph 6(3)(a) above has been made,
- (b) such a computation is subsequently made, and
- (c) the claim is not consistent with the computation,
the affected persons shall be treated as if (instead of the claim actually made) a claim had been made that was consistent with the computation.
- (8) All such adjustments shall be made (whether by discharge or repayment of tax, the making of assessments or otherwise) as are required to give effect to sub-paragraph (7) above.
- (9) Sub-paragraph (8) above has effect notwithstanding any limit on the time within which any adjustment may be made.
- (10) Where—
- (a) a paragraph 6C claim is made,
- (b) a return is subsequently made by the advantaged person on the basis mentioned in paragraph 6(3)(a) above, and
- (c) a relevant notice (within the meaning of paragraph 6 above) taking account of such a determination as is mentioned in paragraph 6(4)(b) above is subsequently given to the advantaged person,
sub-paragraph (11) below applies.
- (11) Where this sub-paragraph applies, any such amendment of the paragraph 6C claim as may be appropriate in consequence of the determination contained in the relevant notice may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such amendment made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (12) Any such amendment must be made within the period mentioned in paragraph 6(5)(b) above.
But that is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making amendment).
### Compensating adjustment for guarantor company etc where paragraph 1B applies
##### 6D
- (1) This paragraph applies in any case where—
- (a) a company (“the issuing company”) has liabilities under a security issued by the company,
- (b) those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”), and
- (c) in computing the profits and losses of the issuing company for tax purposes, the amounts to be deducted in respect of interest or other amounts payable under the security fall to be reduced (whether or not to nil) under paragraph 1(2) above by virtue of paragraph 1B above.
- (2) On the making of a claim in any such case, the guarantor company shall, to the extent of that reduction, be treated for all purposes of the Taxes Acts as if it (and not the issuing company)—
- (a) had issued the security,
- (b) owed the liabilities under it, and
- (c) had paid any interest or other amounts paid under it by the issuing company,
and in computing the profits and losses of the guarantor company for those purposes amounts shall be brought into account accordingly.
This sub-paragraph is subject to the following provisions of this paragraph.
- (3) Where the issuing company’s liabilities under the security are the subject of two or more guarantees (whether or not provided by the same person) TD must not exceed TR, where—
- TD is the total of the amounts brought into account by the guarantor companies by virtue of sub-paragraph (2) above, and
- TR is the total amount of the reductions that fall within sub-paragraph (1)(c) above.
- (4) In this paragraph “*the loan provision*” means the actual provision made or imposed between—
- (a) the issuing company, and
- (b) another company (“the lending company”),
which is provision in relation to the security.
- (5) Where—
- (a) the guarantor company makes a claim under sub-paragraph (2) above, and
- (b) the lending company makes a claim under paragraph 6 above in respect of the loan provision,
sub-paragraphs (6) and (7) below apply.
- (6) In determining, in a case where this sub-paragraph applies, the arm’s length provision for the purposes of paragraph 6(2)(a) above in relation to the lending company’s claim, additional amounts shall be brought into account as credits corresponding to the debits that fall to be brought into account by virtue of sub-paragraph (2) above in relation to the guarantor company.
- (7) If, in a case where this sub-paragraph applies,—
- (a) the lending company makes its claim under paragraph 6 above before the guarantor company makes its claim under sub-paragraph (2) above, and
- (b) the computation on which the lending company’s claim is based does not comply with sub-paragraph (6) above,
the guarantor company’s claim shall be disallowed.
- (8) A claim under sub-paragraph (2) above may be made by—
- (a) the guarantor company,
- (b) where there are two or more guarantor companies, those companies acting together, or
- (c) the issuing company,
but any claim made by the issuing company shall be taken to be made on behalf of the guarantor company or companies.
- (9) Sub-paragraphs (3) to (6) of paragraph 6 above (claims and time limits) shall apply in relation to a claim under sub-paragraph (2) above made by or on behalf of any person or persons as they apply in relation to a claim under that paragraph made by the disadvantaged person, but taking references in those sub-paragraphs—
- (a) to the advantaged person, as references to the issuing company, and
- (b) to the disadvantaged person, as references to the guarantor company or companies.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (7) (construction of references to a guarantee);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
- (11) In this paragraph “*the Taxes Acts*” has the meaning given in section 118(1) of the Management Act.
### Certain interest not to be regarded as chargeable under Case III of Schedule D
##### 6E
Where—
- (a) interest is paid by any person under the actual provision,
- (b) paragraph 1(2) above applies in relation to the actual provision,
- (c) the amount of interest that would have been payable under the arm’s length provision is less than the amount of interest paid under the actual provision (or there would not have been any interest payable),
- (d) the person receiving the interest makes a claim under paragraph 6 above or a paragraph 6C claim,
the interest paid under the actual provision, to the extent that it exceeds the amount of interest that would have been payable under the arm’s length provision, shall not be regarded as chargeable under Case III of Schedule D or Chapter 2 of Part 4 of ITTOIA 2005.
### Adjustment of disadvantaged person’s double taxation relief
##### 7
- (1) Subject to sub-paragraph (4) below, where—
- (a) a claim is made for the purposes of paragraph 6 above, and
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision,
the assumptions specified in sub-paragraph (2) below shall apply, in the disadvantaged person’s case, as respects any credit for foreign tax which the disadvantaged person has been or may be given in pursuance of any double taxation arrangements or under section 790(1).
- (2) Those assumptions are—
- (a) that the foreign tax paid or payable by the disadvantaged person does not include any amount of foreign tax which would not be or have become payable were it to be assumed for the purposes of that tax that the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) that the amount of the relevant profits of the disadvantaged person in respect of which he is given credit for foreign tax does not include the amount (if any) by which his relevant profits are treated as reduced in accordance with paragraph 6 above.
- (3) Sub-paragraph (4) below applies if—
- (a) a claim is made for the purposes of paragraph 6 above;
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision;
- (c) the application of that basis in the computation of the disadvantaged person’s profits or losses for any chargeable period involves a reduction in the amount of any income; and
- (d) that income is also income that falls to be treated as reduced in accordance with section 811(1).
- (4) Where this sub-paragraph applies—
- (a) the reduction mentioned in sub-paragraph (3)(c) above shall be treated as made before any reduction under section 811(1); and
- (b) tax paid, in the place in which any income arises, on so much of that income as is represented by the amount of the reduction mentioned in sub-paragraph (3)(c) above shall be disregarded for the purposes of section 811(1).
- (5) Where, in a case in which a claim has been made for the purposes of paragraph 6 above, any adjustment is required to be made for the purpose of giving effect to any of the preceding provisions of this paragraph—
- (a) it may be made in any case by setting the amount of the adjustment against any relief or repayment to which the disadvantaged person is entitled in pursuance of that claim; and
- (b) nothing in the Tax Acts limiting the time within which any assessment is to be or may be made or amended shall prevent that adjustment from being so made.
- (6) References in this paragraph to relevant profits of the disadvantaged person are references to profits arising to the disadvantaged person from the carrying on of the relevant activities.
### Balancing payments between affected persons: no charge to, or relief from, tax
##### 7A
- (1) This paragraph applies where—
- (a) the circumstances are as described in paragraph 6(1) above,
- (b) one or more payments (the “balancing payments”) are made to the advantaged person by the disadvantaged person, and
- (c) the sole or main reason for making those payments is that paragraph 1(2) above applies.
- (2) To the extent that the balancing payments do not in the aggregate exceed the amount of the available compensating adjustment, those payments—
- (a) shall not be taken into account in computing profits or losses of either of the affected persons for the purposes of income tax or corporation tax, and
- (b) shall not for any of the purposes of the Corporation Tax Acts be regarded as distributions . . . .
- (3) In this paragraph “*the available compensating adjustment*” means the difference between PL1 and PL2 where—
- PL1 is the profits and losses of the disadvantaged person computed for tax purposes on the basis of the actual provision, and
- PL2 is the profits and losses of the disadvantaged person as they fall (or would fall) to be computed for tax purposes on a claim under paragraph 6 above,
### Securities: election to discharge tax liability instead of making balancing payments
##### 7B
- (1) This paragraph applies in any case where—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above, and
- (c) the actual provision is provision in relation to a security (the “relevant security”).
- (2) The disadvantaged person may make an election under this paragraph in respect of the relevant security if the condition in sub-paragraph (3) below is satisfied.
- (3) The condition is that—
- (a) the actual provision forms part of a capital market arrangement,
- (b) the capital market arrangement involves the issue of a capital market investment,
- (c) the securities that represent the capital market investment are issued wholly or mainly to independent persons (see sub-paragraph (9) below), and
- (d) the total value of the capital market investments made under the capital market arrangement is at least £50 million.
- (4) An election under this paragraph in respect of the relevant security is an election for the disadvantaged person—
- (a) to make no balancing payment within paragraph 7A above to the advantaged person in respect of the application of paragraph 1(2) above in relation to the relevant security in a chargeable period by virtue of paragraph 1A above, but
- (b) instead, to undertake sole responsibility for discharging the advantaged person’s liability to tax for that period so far as resulting from the application of paragraph 1(2) above in relation to the relevant security by virtue of paragraph 1A above.
- (5) Where an election under this paragraph has effect in relation to an accounting period of the advantaged person, the tax mentioned in sub-paragraph (4)(b) above—
- (a) shall be recoverable from the disadvantaged person as if it were an amount of corporation tax due and owing from that person, and
- (b) shall not be recoverable from the advantaged person.
- (6) Any election under this paragraph in respect of the relevant security—
- (a) must be made by being included (whether by amendment or otherwise) in the disadvantaged person’s company tax return for the chargeable period in which the relevant security is issued,
- (b) has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods, and
- (c) is irrevocable.
For the purposes of this sub-paragraph a security issued in a chargeable period beginning before 1st April 2004 shall be treated as if it had been issued in the chargeable period beginning on that date.
- (7) An election under this paragraph by a person is of no effect if the Board give that person a notice under this sub-paragraph refusing to accept the election.
- (8) A notice under sub-paragraph (7) above may be given only after a notice of enquiry in respect of the company tax return containing the election has been given to the disadvantaged person.
- (9) In this paragraph—
- “*capital market arrangement*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraph 1 of Schedule 2A to that Act);
- “*capital market investment*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 2 and 3 of Schedule 2A to that Act);
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*independent person*” means a person—who is not the disadvantaged person, andwho does not have a participatory relationship with either of the affected persons.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (8) (meaning of participatory relationship);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
### Balancing payments by guarantor to issuer: no charge to, or relief from, tax
##### 7C
- (1) This paragraph applies in any case where—
- (a) the circumstances are as described in paragraph 6D(1) above,
- (b) one or more payments (the “balancing payments”) are made by the guarantor company to the issuing company, and
- (c) the sole or main reasons for making those payments are that paragraph 1(2) above applies by virtue of paragraph 1B above or that paragraph 6D above applies.
- (2) To the extent that the balancing payments made by all the guarantor companies do not in the aggregate exceed the amount TR in paragraph 6D(3) above (total reductions within paragraph 6D(1)(c) above), those payments—
- (a) shall not be taken into account in computing for the purposes of corporation tax the profits or losses of the guarantor company or companies or the issuing company, and
- (b) shall not for any purpose of the Corporation Tax Acts be regarded as distributions . . . .
### Guarantees: election to discharge tax liability instead of making balancing payments
##### 7D
- (1) This paragraph applies where the following conditions are satisfied—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above,
- (c) the actual provision falls within paragraph 1B(1) above.
- (2) Sub-paragraphs (2) to (8) of paragraph 7B above apply in a case where this paragraph applies as they apply in a case where that paragraph applies, but with the modifications in sub-paragraphs (3) and (4) below.
- (3) The relevant security is the security in paragraph 1B(1)(a) above.
- (4) In sub-paragraph (4) (nature of the election)—
- (a) for “paragraph 7A above” substitute paragraph 7C below;
- (b) for “paragraph 1A”, in both places, substitute paragraph 1B.
### Foreign exchange gains and losses and financial instruments
##### 8
- (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule shall not require the amounts brought into account in any person’s case under—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in respect of exchange gains or losses from loan relationships (as defined in section 103(1A) and (1B) of that Act), or
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts) in respect of exchange gains and losses (as defined in paragraph 54 of that Schedule),
to be computed in that person’s case on the assumption that the arm’s length provision had been made or imposed instead of the actual provision.
- (3) Sub-paragraph (1) above shall not affect so much of paragraph 11A of Schedule 9 to the Finance Act 1996 (loan relationships: exchange gains or losses where loan not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if the whole or any part of a loan had not been made.
- (4) Sub-paragraph (1) above shall not affect so much of paragraph 27 of Schedule 26 to the Finance Act 2002 (derivative contracts: exchange gains or losses where derivative contract not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if a company were not party to a derivative contract or as if the terms of the contract to which it is party were different.
### Special rules for sales etc. of oil
##### 9
- (1) Subject to paragraph 10 below, this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil if—
- (a) the oil sold is oil which has been, or is to be, extracted under rights exercisable by a company (“the producer") which (although it may be the seller) is not the buyer; and
- (b) at the time of the sale not less than 20 per cent. of the producer’s ordinary share capital is owned directly or indirectly by one or more of the following, that is to say, the buyer and the companies (if any) that are linked to the buyer.
- (2) Where this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil, this Schedule shall have effect as respects that provision as if the buyer, the seller and (if it is not the seller) the producer were all controlled by the same person at the time of the making or imposition of that provision.
- (3) For the purposes of this paragraph two companies are linked if—
- (a) one is under the control of the other; or
- (b) both are under the control of the same person or persons.
- (4) For the purposes of this paragraph—
- (a) any question whether ordinary share capital is owned directly or indirectly by a company shall be determined as for section 838;
- (b) rights to extract oil shall be taken to be exercisable by a company even if they are exercisable by that company only jointly with one or more other companies; and
- (c) a sale of oil shall be deemed to take place at the time of the completion of the sale or when possession of the oil passes, whichever is the earlier.
- (5) In this paragraph “*oil*” includes any mineral oil or relative hydrocarbon, as well as natural gas.
### Transactions and deemed transactions involving oil
##### 10
This Schedule does not apply in relation to provision made or imposed by means of any transaction or deemed transaction in the case of which the price or consideration is determined in accordance with any of subsections (1) to (4) of section 493 (transactions and deemed transactions involving oil treated as made at market value).
### Special provision for companies carrying on ring fence trades
##### 11
- (1) This paragraph applies where any person (“the taxpayer") carries on as, or as part of, a trade any activities (“the ring fence trade") which, in accordance with section 492(1) above or section 16(1) of ITTOIA 2005 either—
- (a) fall to be treated for any tax purposes as a separate trade, distinct from all other activities carried on by him as part of the trade; or
- (b) would so fall if the taxpayer did carry on any other activities as part of that trade.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to paragraph 10 above and sub-paragraph (4) below, this Schedule shall have effect as respects any provision made or imposed by the taxpayer as between the ring fence trade and any other activities carried on by him as if—
- (a) that trade and those activities were carried on by two different persons;
- (b) that provision were made or imposed as between those two persons by means of a transaction;
- (c) a potential advantage in relation to United Kingdom taxation were conferred by that provision on each of those two persons; and
- (d) those two persons were both controlled by the same person at the time of the making or imposition of that provision; . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This Schedule shall apply in accordance with this paragraph in relation to any provision mentioned in sub-paragraph . . . (3) above only where the effect of its application in relation to that provision is either—
- (a) that a larger amount (including, if there would not otherwise have been profits, an amount of more than nil) is taken for tax purposes to be the amount of the profits of the ring fence trade for any chargeable period; or
- (b) that a smaller amount (including nil) is taken for tax purposes to be the amount for any chargeable period of any losses of that trade.
### Appeals
##### 12
- (1) In so far as the question in dispute on any appeal falling within sub-paragraph (2) below—
- (a) is or involves a determination of whether this Schedule has effect as respects any provision made or imposed as between any two persons, or of how it so has effect, and
- (b) is not a question that would fall to be determined by the Special Commissioners apart from this sub-paragraph,
that question shall be determined by them.
- (2) The appeals falling within this sub-paragraph are—
- (a) any appeal under section 31 of, or Schedule 1A to, the Management Act;
- (b) any appeal under paragraph 34(3) of Schedule 18 to the Finance Act 1998 against an amendment of a company’s return; and
- (c) any appeal under paragraph 48 of that Schedule against a discovery assessment or a discovery determination.
- (3) Sub-paragraph (4) below applies where—
- (a) any such question as is mentioned in sub-paragraph (1) above falls to be determined by the Special Commissioners for the purposes of any proceedings before them; and
- (b) that question relates to any provision made or imposed as between two persons each of whom is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (4) Where this sub-paragraph applies—
- (a) each of the persons as between whom the actual provision was made or imposed shall be entitled to appear and be heard by the Special Commissioners, or to make representations to them in writing;
- (b) the Special Commissioners shall determine that question separately from any other questions in those proceedings; and
- (c) their determination on that question shall have effect as if made in an appeal to which each of those persons was a party.
- (5) In this paragraph—
- “*discovery assessment*” means a discovery assessment under paragraph 41 of Schedule 18 to the Finance Act 1998 (including one by virtue of paragraph 52 of that Schedule); and
- “*discovery determination*” means a discovery determination under paragraph 41 of that Schedule.
### Saving for the provisions relating to capital allowances and capital gains
##### 13
- (1) Nothing in this Schedule shall be construed as affecting—
- (a) the computation of the amount of any capital allowance or balancing charge made under the Capital Allowances Act; or
- (b) the computation in accordance with the 1992 Act of the amount of any chargeable gain or allowable loss;
and nothing in this Schedule shall require the profits or losses of any person to be computed for tax purposes as if, in his case, instead of income or losses falling to be brought into account in connection with the taxation of income, there were gains or losses falling to be brought into account in accordance with the 1992 Act.
- (2) Nothing in sub-paragraph (1) above applies to paragraph 6 above.
### General interpretation etc.
##### 14
- (1) In this Schedule—
- “*the actual provision*” and “*the affected persons*” shall be construed in accordance with paragraph 1(1) above;
- “*the arm*”s length provision’ shall be construed in accordance with paragraph 1(2) and (3) above;
- “*double taxation arrangements*” means arrangements having effect by virtue of section 788;
- “*foreign tax*” means any tax under the law of a territory outside the United Kingdom or any amount which falls for the purposes of any double taxation arrangements to be treated as if it were such tax;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*losses*” includes amounts which are not losses but in respect of which relief may be given in accordance with any of the following enactments—section 75(9) (excess of management expenses);section 468L(5) (allowance for interest distributions of a unit trust);Part X (loss relief and group relief);section 83 of and Schedule 8 to the Finance Act 1996 or paragraph 4 of Schedule 11 to that Act (deficits on loan relationships);
- “*medium-sized enterprise*” shall be construed in accordance with paragraph 5D above;
- “*non-qualifying territory*” has the meaning given by paragraph 5E above;
- “*paragraph 6C claim*” has the meaning given by paragraph 6C(2) above;
- “*profits*” includes income;
- “*qualifying territory*” has the meaning given by paragraph 5E above;
- “*the relevant activities*”, in relation to a person who is one of the persons as between whom any provision is made or imposed, means such of his activities as—comprise the activities in the course of which, or with respect to which, that provision is made or imposed; andare not activities carried on either separately from those activities or for the purposes of a different part of that person’s business;
- “*small enterprise*” shall be construed in accordance with paragraph 5D above;
- “*transaction*” and “*series of transactions*” shall be construed in accordance with paragraph 3 above.
- (2) Without prejudice to paragraphs 9(2) and 11(3) above, references in this Schedule to a person controlling a body corporate or a partnership shall be construed in accordance with section 840.
- (3) In determining for the purposes of this Schedule whether a person has an entitlement, in pursuance of any double taxation arrangements or under section 790(1), to be given credit for foreign tax, any requirement that a claim is made before such a credit is given shall be disregarded.
- (4) Any adjustments required to be made by virtue of this Schedule may be made by way of discharge or repayment of tax, by the modification of any assessment or otherwise.
- (5) This Schedule shall have effect as if—
- (a) a unit trust scheme were a company that is a body corporate;
- (b) the rights of the unit holders under such a scheme were shares in the company that the scheme is deemed to be;
- (c) rights and powers of a person in the capacity of a person entitled to act for the purposes of the scheme were rights and powers of the scheme; and
- (d) provision made or imposed as between any person in such a capacity and another person were made or imposed as between the scheme and that other person.
## SCHEDULE 28AB
### Introductory
##### 1
- (1) A scheme or arrangement, other than a scheme or arrangement falling within sub-paragraph (3), is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 apply to it.
- (2) A scheme or arrangement falling within sub-paragraph (3) is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 would, on the assumption in sub-paragraph (4), apply to it.
- (3) A scheme or arrangement falls within this sub-paragraph if its main purpose, or one of its main purposes, is to cause an amount of underlying tax allowable in respect of a dividend paid by a body corporate resident in a territory outside the United Kingdom to be taken into account in the case of a person.
- (4) The assumption is that the body corporate is resident in the United Kingdom.
- (5) Nothing in sub-paragraph (4) requires it to be assumed that there is any change in the place or places at which the body corporate carries on its activities.
### Attribution of foreign tax
##### 2
This paragraph applies to a scheme or arrangement if the scheme or arrangement enables a person who is party to, or concerned in, the scheme or arrangement to pay, in respect of a source of income or chargeable gain, an amount of foreign tax all or part of which is properly attributable to another source of income or chargeable gain (or to more than one such other source).
### Effect of paying foreign tax
##### 3
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax (“*the claimant*”).
- (2) This sub-paragraph is satisfied if—
- (a) an amount of foreign tax is paid by the claimant, and
- (b) at the time when the claimant entered into the scheme or arrangement, it could reasonably be expected that the effect of the payment of that amount of foreign tax on the foreign tax total would be to increase it by less than the amount allowable to the claimant as a credit in respect of the payment of that amount of foreign tax.
- (3) The foreign tax total is the amount found by—
- (a) aggregating the amounts of foreign tax paid or payable in respect of the transaction or transactions forming part of the scheme or arrangement by persons party to, or concerned in, the scheme or arrangement, and
- (b) taking into account any reliefs, deductions, reductions or allowances against or in respect of any tax that arise to the persons party to, or concerned in, the scheme or arrangement (including any reliefs, deductions, reductions or allowances arising to any one or more of those persons as a consequence of the payment by the claimant of that amount of foreign tax).
### Effect of claim, election or other arrangement
##### 4
- (1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
- (a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
- (b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
- (2) The steps mentioned in sub-paragraph (1) are steps that may be made—
- (a) under the law of any territory, or
- (b) under arrangements made in relation to any territory.
- (3) The steps mentioned in sub-paragraph (1) include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
- (b) making elections for tax purposes.
### Effect attributable to scheme or arrangement
##### 5
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax.
- (2) This sub-paragraph is satisfied if amount A is less than amount B.
- (3) Amount A is the amount of United Kingdom taxes payable by the person in respect of income and chargeable gains arising in the chargeable period.
- (4) Amount B is the amount of United Kingdom taxes that would be payable by the person in respect of income and chargeable gains arising in the chargeable period if, in determining that amount, the transactions forming part of the scheme or arrangement were disregarded.
### Tax deductible payments
##### 6
- (1) This paragraph applies to a scheme or arrangement if the scheme or arrangement includes—
- (a) the making by a person (“A”) of a relevant payment or payments, and
- (b) the giving, in respect of that payment or payments, of consideration that satisfies the requirements of sub-paragraph (3).
- (2) A payment made by A is a relevant payment if all or part of it may be brought into account in computing A's income for the purposes of United Kingdom taxes.
- (3) Consideration given in respect of a payment or payments made by A satisfies the requirements of this sub-paragraph if—
- (a) all or part of it consists of a payment or payments made to A or a person connected with A, and
- (b) tax is chargeable in respect of the payment or payments under the law of a territory outside the United Kingdom.
- (4) In this paragraph references to a payment include references to a transfer of money's worth.
- (5) Section 839 applies for the purposes of this paragraph.
## SCHEDULE 28B
### Introductory
##### 1
- (1) This Schedule applies, where any shares in or securities of any company (“the relevant company”) are at any time held by another company (“the trust company”), for determining whether and to what extent those shares or securities (“the relevant holding”) are, for the purposes of section 842AA, to be regarded as at that time comprised in the trust company’s qualifying holdings.
- (2) The relevant holding shall be regarded as comprised in the trust company’s qualifying holdings at any time if—
- (a) all the requirements of the following provisions of this Schedule are satisfied at that time in relation to the relevant company and the relevant holding; and
- (b) the relevant holding consists of shares or securities which were first issued by the relevant company to the trust company and have been held by the trust company ever since.
- (3) Subject to paragraph 6(3) below, where the requirements of paragraph 6 or 7 below would be satisfied as to only part of the money raised by the issue of the relevant holding and that holding is not otherwise capable of being treated as comprising separate holdings, this Schedule shall have effect in relation to that holding as if it were two holdings consisting of—
- (a) a holding from which that part of the money was raised; and
- (b) a holding from which the remainder was raised;
and section 842AA shall have effect as if the value of the holding were to be apportioned accordingly between the two holdings which are deemed to exist in pursuance of this sub-paragraph.
### Requirement that company must be unquoted company
##### 2
- (1) The requirement of this paragraph is that the relevant company (whether or not it is resident in the United Kingdom) must be an unquoted company.
- (2) In this paragraph “*unquoted company*” means a company none of whose shares, stocks, debentures or other securities is marketed to the general public.
- (3) For the purposes of this paragraph shares, stocks, debentures or other securities are marketed to the general public if they are—
- (a) listed on a recognised stock exchange,
- (b) listed on a designated exchange in a country outside the United Kingdom, or
- (c) dealt in on the Unlisted Securities Market or dealt in outside the United Kingdom by such means as may be designated.
- (4) In sub-paragraph (3) above “*designated*” means designated by an order made by the Board for the purposes of that sub-paragraph; and an order made for the purposes of paragraph (b) of that sub-paragraph may designate an exchange by name, or by reference to any class or description of exchanges, including a class or description framed by reference to any authority or approval given in a country outside the United Kingdom.
- (5) Section 828(1) does not apply to an order made for the purposes of sub-paragraph (3) above.
- (6) Where a company any shares in or securities of which are included in the qualifying holdings of the trust company ceases at any time while the trust company is approved as a venture capital trust to be an unquoted company, the requirements of this paragraph shall be deemed, in relation to shares or securities acquired by the trust company before that time, to continue to be satisfied for a period of five years after that time.
### Requirements as to company’s business
##### 3
- (1) The requirements of this paragraph are as follows.
- (2) The relevant company must be one of the following, that is to say—
- (a) a company which exists wholly for the purpose of carrying on one or more qualifying trades or which so exists apart from purposes capable of having no significant effect (other than in relation to incidental matters) on the extent of the company’s activities; or
- (aa) the parent company of a trading group.
- (3) Subject to sub-paragraph (4) below, when the relevant holding was issued and at all times since, a qualifying company (whether or not the same such company at every such time) must have been either—
- (a) carrying on a qualifying trade wholly or mainly in the United Kingdom; or
- (b) preparing to carry on a qualifying trade which at the time when the relevant holding was issued was intended to be carried on wholly or mainly in the United Kingdom by a qualifying company,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The requirements of sub-paragraph (3) above shall not be capable of being satisfied by virtue of paragraph (b) of that sub-paragraph at any time after the end of the period of two years beginning with the issue of the relevant holding unless—
- (a) the intended trade was begun to be carried on by a qualifying company before the end of that period, and
- (b) at all times since the end of that period, a qualifying company (whether or not the same such company at every such time) has been carrying on a qualifying trade wholly or mainly in the United Kingdom.
- (5) The requirements of that sub-paragraph shall also be incapable of being so satisfied at any time after the abandonment, within the period mentioned in sub-paragraph (4) above, of the intention in question.
- (5A) In sub-paragraphs (3) and (4) above, “*qualifying company*” means the relevant company or any relevant qualifying subsidiary of that company.
- (5B) In determining for the purposes of sub-paragraph (4)(a) above when the intended trade was begun to be carried on by a qualifying company which is a relevant qualifying subsidiary of the relevant company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary of the relevant company.
- (6) For the purposes of this paragraph a company is the parent company of a trading group if—
- (a) it has one or more subsidiaries;
- (b) each of its subsidiaries is a qualifying subsidiary of the company; and
- (c) the requirements of sub-paragraph (7) below are fulfilled by what would be the business of the company and its qualifying subsidiaries if all the activities, taken together, of the company and its qualifying subsidiaries were regarded as one business.
- (7) A business fulfils the requirements of this sub-paragraph if neither the business nor a substantial part of it consists in, or in either of, the following, that is to say—
- (a) activities falling within paragraph 4(2)(a) to (f) below but not within sub-paragraph (8) below; and
- (b) activities carried on otherwise than in the course of a trade.
- (8) The activities falling within this sub-paragraph are—
- (a) the receiving of royalties or licence fees in circumstances where the requirement mentioned in paragraph 4(5) below is satisfied in relation to the company receiving them;
- (b) the letting of ships, other than offshore installations or pleasure craft, on charter in circumstances where the requirements mentioned in paragraphs (a) to (d) of paragraph 4(7) below are satisfied in relation to the company so letting them.
- (9) Activities of a company or of any of its qualifying subsidiaries shall be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the holding of shares in or securities of, or the making of loans to, one or more of the company’s qualifying subsidiaries; or
- (b) the holding and managing of property used by the company or any of its qualifying subsidiaries for the purposes of—
- (i) research and development from which it is intended that a qualifying trade to be carried on by the company or any of its qualifying subsidiaries will be derived; or
- (ii) one or more qualifying trades so carried on.
- (10) Activities of a qualifying subsidiary of a company shall also be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the making of loans to the company; or
- (b) in the case of a mainly trading subsidiary, activities carried on in pursuance of its insignificant purposes (within the meaning given by sub-paragraph (11) below).
- (11) In sub-paragraph (10) above “*mainly trading subsidiary*” means a qualifying subsidiary which, apart from purposes (“*its insignificant purposes*”) which are capable of having no significant effect (other than in relation to incidental matters) on the extent of its activities, exists wholly for the purpose of carrying on one or more qualifying trades.
### Meaning of “qualifying trade”
##### 4
- (1) For the purposes of this Schedule—
- (a) a trade is a qualifying trade if it is a trade complying with this paragraph; and
- (b) the carrying on of any activities of research and development from which it is intended that there will be derived a trade that—
- (i) will comply with this paragraph, and
- (ii) will be carried on wholly or mainly in the United Kingdom,
shall be treated as the carrying on of a qualifying trade.
- (2) Subject to sub-paragraphs (3) to (9) below, a trade complies with this paragraph if neither that trade nor a substantial part of it consists in one or more of the following activities, that is to say—
- (a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;
- (b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
- (c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
- (d) leasing (including letting ships on charter or other assets on hire) or receiving royalties or licence fees;
- (e) providing legal or accountancy services;
- (ea) property development;
- (eb) farming or market gardening;
- (ec) holding, managing or occupying woodlands, any other forestry activities or timber production;
- (ed) operating or managing hotels or comparable establishments, or managing property used as an hotel or comparable establishment;
- (ee) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home;
- (f) providing services or facilities for any such trade carried on by another person (not being a company of which the company providing the services or facilities is a subsidiary) as—
- (i) consists, to a substantial extent, in activities within any of paragraphs (a) to (ee) above; and
- (ii) is a trade in which a controlling interest is held by a person who also has a controlling interest in the trade carried on by the company providing the services or facilities.
- (3) For the purposes of sub-paragraph (2)(b) above—
- (a) a trade of wholesale distribution is one in which the goods are offered for sale and sold to persons for resale by them, or for processing and resale by them, to members of the general public for their use or consumption;
- (b) a trade of retail distribution is one in which the goods are offered for sale and sold to members of the general public for their use or consumption; and
- (c) a trade is not an ordinary trade of wholesale or retail distribution if—
- (i) it consists, to a substantial extent, in dealing in goods of a kind which are collected or held as an investment, or in that activity and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above, taken together; and
- (ii) a substantial proportion of those goods are held by the company for a period which is significantly longer than the period for which a vendor would reasonably be expected to hold them while endeavouring to dispose of them at their market value.
- (3A) For the purposes of this Schedule the activities of a person shall not be taken to fall within paragraph (ed) or (ee) of sub-paragraph (2) above except where that person has an estate or interest in, or is in occupation of, the hotels or comparable establishments or, as the case may be, the nursing homes or residential care homes.
- (4) In determining for the purposes of this paragraph whether a trade carried on by any person is an ordinary trade of wholesale or retail distribution, regard shall be had to the extent to which it has the following features, that is to say—
- (a) the goods are bought by that person in quantities larger than those in which he sells them;
- (b) the goods are bought and sold by that person in different markets;
- (c) that person employs staff and incurs expenses in the trade in addition to the cost of the goods and, in the case of a trade carried on by a company, to any remuneration paid to any person connected with it;
- (d) there are purchases or sales from or to persons who are connected with that person;
- (e) purchases are matched with forward sales or vice versa;
- (f) the goods are held by that person for longer than is normal for goods of the kind in question;
- (g) the trade is carried on otherwise than at a place or places commonly used for wholesale or retail trade;
- (h) that person does not take physical possession of the goods;
and for the purposes of this sub-paragraph the features specified in paragraphs (a) to (c) above shall be regarded as indications that the trade is such an ordinary trade and those in paragraphs (d) to (h) above shall be regarded as indications of the contrary.
- (5) A trade shall not be treated as failing to comply with this paragraph by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.
- (6) For this purpose an intangible asset is a “*relevant intangible asset*” if the whole or greater part (in terms of value) of it has been created—
- (a) by the company carrying on the trade, or
- (b) by a company which at all times during which it created the intangible asset was—
- (i) the parent company of the company carrying on the trade, or
- (ii) a qualifying subsidiary of that parent company.
- (6A) In the case of a relevant asset that is intellectual property, references in sub-paragraph (6) above to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).
- (6B) For the purposes of sub-paragraphs (5) to (6A) above “*intangible asset*” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6C) For the purposes of sub-paragraph (6) above
- (a) “*parent company*” means a company that—
- (i) has one or more 51% subsidiaries, but
- (ii) is not itself a 51% subsidiary of another company; and
- (b) paragraph 10 below (meaning of “*qualifying subsidiary*”) shall apply as if the references in that paragraph to the relevant company were references to the parent company referred to in sub-paragraph (6)(b) above.
- (6D) For the purposes of sub-paragraph (6A) above “*intellectual property*” means—
- (a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and
- (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a) above.
- (7) A trade shall not be treated as failing to comply with this paragraph by reason only of its consisting in letting ships, other than offshore installations or pleasure craft, on charter if—
- (a) every ship let on charter by the company carrying on the trade is beneficially owned by the company;
- (b) every ship beneficially owned by the company is registered in the United Kingdom;
- (c) the company is solely responsible for arranging the marketing of the services of its ships; and
- (d) the conditions mentioned in sub-paragraph (8) below are satisfied in relation to every letting of a ship on charter by the company;
but where any of the requirements mentioned in paragraphs (a) to (d) above are not satisfied in relation to any lettings, the trade shall not thereby be treated as failing to comply with this paragraph if those lettings and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above do not, when taken together, amount to a substantial part of the trade.
- (8) The conditions are that—
- (a) the letting is for a period not exceeding 12 months and no provision is made at any time (whether in the charterparty or otherwise) for extending it beyond that period otherwise than at the option of the charterer;
- (b) during the period of the letting there is no provision in force (whether by virtue of being contained in the charterparty or otherwise) for the grant of a new letting to end, otherwise than at the option of the charterer, more than 12 months after that provision is made;
- (c) the letting is by way of a bargain made at arm’s length between the company and a person who is not connected with it;
- (d) under the terms of the charter the company is responsible as principal—
- (i) for taking, throughout the period of the charter, management decisions in relation to the ship, other than those of a kind generally regarded by persons engaged in trade of the kind in question as matters of husbandry; and
- (ii) for defraying all expenses in connection with the ship throughout that period, or substantially all such expenses, other than those directly incidental to a particular voyage or to the employment of the ship during that period;
and
- (e) no arrangements exist by virtue of which a person other than the company may be appointed to be responsible for the matters mentioned in paragraph (d) above on behalf of the company;
but this sub-paragraph shall have effect, in relation to any letting between one company and another where one of those companies is the relevant company and the other is a qualifying subsidiary of that company, or where both companies are qualifying subsidiaries of the relevant company, as if paragraph (c) were omitted.
- (9) A trade shall not comply with this paragraph unless it is conducted on a commercial basis and with a view to the realisation of profits.
### Provisions supplemental to paragraph 4
##### 5
- (1) In paragraph 4 above—
- “*film*” means an original master negative of a film, an original master film disc or an original master film tape;
- “*nursing home*” means any establishment which exists wholly or mainly for the provision of nursing care for persons suffering from sickness, injury or infirmity or for women who are pregnant or have given birth to children;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*pleasure craft*” means any ship of a kind primarily used for sport or recreation;
- “*property development*” means the development of land—by a company which has, or at any time has had, an interest in the land, andwith the sole or main object of realising a gain from the disposal of an interest in the land when it is developed;
- “*research and development*” has the meaning given by section 837A;
- “*residential care home*” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care by reason of old age, mental or physical disabilities, past or present dependence on alcohol or drugs or any past illnesses or past or present mental disorders; and
- “*sound recording*”, in relation to a film, means its sound track, original master audio disc or original master audio tape.
- (2) For the purposes of paragraph 4 above, in the case of a trade carried on by a company, a person has a controlling interest in that trade if—
- (a) he controls the company;
- (b) the company is a close company and he or an associate of his, being a director of the company, either—
- (i) is the beneficial owner of more than 30 per cent. of the ordinary share capital of the company, or
- (ii) is able, directly or through the medium of other companies or by any other indirect means, to control more than 30 per cent. of that share capital;
or
- (c) not less than half of the trade could, in accordance with section 344(2), be regarded as belonging to him for the purposes of section 343;
and, in any other case, a person has a controlling interest in a trade if he is entitled to not less than half of the assets used for, or of the income arising from, the trade.
- (3) For the purposes of sub-paragraph (2) above there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (4) References in paragraph 4 above or this paragraph to a trade, except the references in paragraph 4(2)(f) to the trade for which services or facilities are provided, shall be construed without reference to so much of the definition of trade in section 832(1) as relates to adventures or concerns in the nature of trade; and those references in paragraph 4(2)(f) above to a trade shall have effect, in relation to cases in which what is carried on is carried on by a person other than a company, as including references to any business, profession or vocation.
- (5) In this paragraph—
- “*associate*” has the meaning given in subsections (3) and (4) of section 417, except that in those subsections, as applied for the purposes of this paragraph, “*relative*” shall not include a brother or sister; and
- “*director*” shall be construed in accordance with subsection (5) of that section;
- “*interest in land*” means (subject to sub-paragraph (6) below)—any estate, interest or right in or over land, including any right affecting the use or disposition of land; orany right to obtain such an estate, interest or right from another which is conditional on the other’s ability to grant the estate, interest or right.
- (6) References in paragraph 4 above, in relation to an hotel, to a comparable establishment are references to a guest house, hostel or other establishment the main purpose of maintaining which is the provision of facilities for overnight accommodation (whether with or without catering services).
- (7) References in this paragraph to an interest in land do not include references to—
- (a) the interest of a creditor (other than a creditor in respect of a rentcharge) whose debt is secured by way of mortgage, an agreement for a mortgage or a charge of any kind over land; or
- (b) in the case of land in Scotland, the interest of a creditor in a charge or security of any kind over land.
### Meaning of “relevant qualifying subsidiary”
##### 5A
- (1) For the purposes of this Schedule, a company (“the subsidiary”) is a relevant qualifying subsidiary of the relevant company at any time when it falls within sub-paragraph (2) below.
- (2) The subsidiary falls within this sub-paragraph if—
- (a) the relevant company possesses not less than 90 per cent. of the issued share capital of, and not less than 90 per cent. of the voting power in, the subsidiary;
- (b) the relevant company would—
- (i) in the event of a winding up of the subsidiary, or
- (ii) in any other circumstances,
be beneficially entitled to receive not less than 90 per cent. of the assets of the subsidiary which would then be available for distribution to the equity holders of the subsidiary;
- (c) the relevant company is beneficially entitled to not less than 90 per cent. of any profits of the subsidiary which are available for distribution to the equity holders of the subsidiary;
- (d) no person other than the relevant company has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which any of the conditions in paragraphs (a) to (d) above would cease to be met.
- (3) Sub-paragraphs (4) to (4C) and (5) of paragraph 10 below apply in relation to sub-paragraph (2) of this paragraph as they apply in relation to sub-paragraph (3) of that paragraph, but with the following modification.
- (4) That modification is that sub-paragraph (5) of that paragraph is to be read as if the words “or (as the case may be) by another subsidiary of that company” were omitted.
- (5) For the purposes of this paragraph—
- (a) the persons who are equity holders of the subsidiary, and
- (b) the percentage of the assets of the subsidiary to which an equity holder would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18.
- (6) But in making that determination—
- (a) references in paragraph 3 of that Schedule to the first company are to be read as references to an equity holder, and
- (b) references in that paragraph to a winding up are to be read as including references to any other circumstances in which assets of the subsidiary are available for distribution to its equity holders.
### Requirements as to the money raised by the investment in question
##### 6
- (1) The requirements of this paragraph are that either—
- (a) at least 80% of the money raised by the issue of the relevant holding must—
- (i) have been employed wholly for the purposes of the trade by reference to which the requirements of paragraph 3(3) above are satisfied; or
- (ii) be money which is intended to be employed wholly for the purposes of that trade; or
- (b) all of the money so raised must have been employed as mentioned in paragraph (a)(i) above.
- (2) For the purposes of this Schedule—
- (a) the requirements of sub-paragraph (1) above shall not be capable of being satisfied by virtue of paragraph (a)(ii) of that sub-paragraph at any time after 12 months have expired from the trading time, and
- (b) the requirements of that sub-paragraph shall not be capable of being satisfied by virtue of paragraph (a)(i) of that sub-paragraph at any time after 24 months have expired from the trading time.
- (2AA) In sub-paragraph (2) above, “*the trading time*” means whichever is applicable of the following—
- (a) in a case where the requirements of sub-paragraph (3) of paragraph 3 above were satisfied in relation to the time when the relevant holding was issued by virtue of paragraph (a) of that sub-paragraph, that time; and
- (b) in a case where they were satisfied in relation to that time by virtue of paragraph (b) of that sub-paragraph, the time when the condition in paragraph 3(4)(a) above was satisfied.
- (2AB) The requirements of this paragraph are not satisfied if either of the following, namely—
- (a) the trade by reference to which the requirements of paragraph 3(3) above are satisfied, and
- (b) any preparations for that trade falling within paragraph 3(3)(b) above,
are carried on, at any time after the issue of the relevant holding, by a person other than the relevant company or a relevant qualifying subsidiary of that company.
- (2AC) Sub-paragraph (2AD) below applies where preparations mentioned in sub-paragraph (2AB)(b) above are carried on by the relevant company or a relevant qualifying subsidiary of that company at any time after the issue of the relevant holding.
- (2AD) Where this sub-paragraph applies, the requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above by a person other than—
- (a) the relevant company, or
- (b) a qualifying subsidiary of that company,
at any time after the issue of the relevant holding but before the relevant company or any relevant qualifying subsidiary of that company carries on that trade.
- (2AE) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above—
- (a) by the partners in a partnership of which the relevant company, or a relevant qualifying subsidiary of that company, is a member, or
- (b) by the parties to a joint venture to which the relevant company, or a relevant qualifying subsidiary of that company, is a party.
- (2AF) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied if—
- (a) by reason only of anything done as a consequence of the relevant company or any other company being in administration or receivership, or
- (b) by reason only of the relevant company or any other company being wound up or dissolved without winding up,
the trade mentioned in sub-paragraph (2AB)(a) above ceases to be carried on by the relevant company or a relevant qualifying subsidiary of that company and is subsequently carried on by a person who has not been connected, at any time after the date which is one year before the issue of the relevant holding, with the relevant company.
- (2AG) Sub-paragraph (2AF) above applies only if (as the case may be)—
- (a) the entry into administration or receivership and everything done as a consequence of the company concerned being in administration or receivership, or
- (b) the winding up or dissolution,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (2AH) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (2AF) and (2AG) above as it applies for the purpose of that paragraph.
- (3) For the purposes of this paragraph money shall not be treated as employed otherwise than wholly for the purposes of a trade if the only amount employed for other purposes is an amount which is not a significant amount; and nothing in paragraph 1(3) above shall require any money whose use is disregarded by virtue of this sub-paragraph to be treated as raised by a different holding.
- (4) References in this paragraph to employing money for the purposes of a trade shall include references to employing it for the purpose of preparing for the carrying on of the trade.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement imposing a maximum on qualifying investments in the relevant company
##### 7
- (1) The requirement of this paragraph is that the relevant holding did not, when it was issued, represent an investment in excess of the maximum qualifying investment for the relevant period.
- (2) Subject to sub-paragraph (4) below, the maximum qualifying investment for any period is exceeded to the extent that the aggregate amount of money raised in that period by the issue to the trust company during that period of shares in or securities of the relevant company exceeds £1 million.
- (3) Any question for the purposes of this paragraph as to whether any shares in or securities of the relevant company which are for the time being held by the trust company represent an investment in excess of the maximum qualifying investment for any period shall be determined on the assumption, in relation to disposals by the trust company, that, as between shares or securities of the same description, those representing the whole or any part of the excess are disposed of before those which do not.
- (4) Where—
- (a) at the time of the issue of the relevant holding the relevant company or any of its qualifying subsidiaries was a member of a partnership or a party to a joint venture,
- (b) the trade by virtue of which the requirements of paragraph 3(3) above are satisfied was at that time being carried on, or to be carried on, by those partners in partnership or by the parties to the joint venture as such, and
- (c) the other partners or parties to the joint venture include at least one other company,
this paragraph shall have effect in relation to the relevant company as if the sum of money for the time being specified in sub-paragraph (2) above were to be divided by the number of companies (including the relevant company) which, at the time when the relevant holding was issued, were members of the partnership or, as the case may be, parties to the joint venture.
- (5) For the purposes of this paragraph the relevant period is the period beginning with whichever is the earlier of—
- (a) the time six months before the issue of the relevant holding; and
- (b) the beginning of the year of assessment in which the issue of that holding took place.
### Requirement as to the assets of the relevant company
##### 8
- (1) The requirement of this paragraph is that the value of the relevant assets—
- (a) did not exceed £7 million immediately before the issue of the relevant holding; and
- (b) did not exceed £8 million immediately afterwards.
- (2) Subject to sub-paragraph (3) below, the reference in sub-paragraph (1) above to the value of the relevant assets is a reference—
- (a) in relation to a time when the relevant company did not have any qualifying subsidiaries, to the value of the gross assets of that company at that time; and
- (b) in relation to any other time, to the aggregate value at that time of the gross assets of all the companies in the relevant company’s group.
- (3) For the purposes of this paragraph assets of any member of the relevant company’s group that consist in rights against, or in shares in or securities of, another member of the group shall be disregarded.
- (4) In this paragraph references, in relation to any time, to the relevant company’s group are references to the relevant company and its qualifying subsidiaries at that time.
### Requirements as to the subsidiaries etc. of the relevant company
##### 9
- (1) The requirements of this paragraph are that . . . the relevant company must not be—
- (a) a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
- (b) a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying subsidiary”
##### 10
- (1) Subject to the following provisions of this paragraph, a company is a qualifying subsidiary of the relevant company for the purposes of this Schedule if—
- (a) the company in question (“the subsidiary”), and
- (b) where the relevant company has more than one subsidiary, every other subsidiary of the relevant company,
is a company falling within sub-paragraph (3) below.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The subsidiary falls within this sub-paragraph if—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ca) the subsidiary is a 51 per cent. subsidiary of the relevant company;
- (d) no person other than the relevant company or another of its subsidiaries has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which either of the conditions in paragraphs (ca) and (d) above would cease to be met.
- (4) The subsidiary shall not be regarded, at a time when it or any other company is being wound up, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . —
- (a) . . . it would fall within that sub-paragraph apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (4A) Sub-paragraph (4B) below applies at a time when the subsidiary or any other company is in administration or receivership.
- (4B) The subsidiary shall not be regarded, by reason only of anything done as a consequence of the company concerned being in administration or receivership, as having ceased to be a company falling within sub-paragraph (3) above if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (4C) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (4A) and (4B) above as it applies for the purpose of that paragraph.
- (5) The subsidiary shall not be regarded, at any time when arrangements are in existence for the disposal by the relevant company, or (as the case may be) by another subsidiary of that company, of all its interest in the subsidiary in question, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . the disposal is to be for bona fide commercial reasons and is not to be part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement as to property managing subsidiaries
##### 10ZA
- (1) The requirement of this paragraph is that the relevant company must not have a property managing subsidiary which is not a relevant qualifying subsidiary of the relevant company.
- (2) “*Property managing subsidiary*” means a qualifying subsidiary of the relevant company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
- (3) In sub-paragraph (2) above, “*land*” and “*property deriving its value from land*” have the same meaning as in section 776.
### Requirement that securities should not relate to a guaranteed loan
##### 10A
- (1) The requirement of this paragraph is that there are no securities relating to a guaranteed loan in the relevant holding.
- (2) For the purposes of this paragraph a security relates to a guaranteed loan if (and only if) there are arrangements for the trust company to be or become entitled, in the event of a failure by any person to comply with—
- (a) the terms of the loan to which the security relates, or
- (b) the terms of the security,
to receive anything (whether directly or indirectly) from a third party.
- (3) For the purposes of sub-paragraph (2) above it shall be immaterial whether the arrangements apply in all cases of a failure to comply or only in certain such cases.
- (4) For the purposes of this paragraph “*third party*” means any person except—
- (a) the relevant company; and
- (b) if the relevant company is the parent company of a trading group for the purposes of paragraph 3 above, the subsidiaries of the relevant company.
### Requirement that a proportion of the holding in each company must be eligible shares
##### 10B
- (1) The requirement of this paragraph is that eligible shares represent at least 10 per cent. by value of the totality of the shares in or securities of the relevant company (including the relevant holding) which are held by the trust company.
- (2) For the purposes of this paragraph the value at any time of any shares in or securities of a company shall be taken (subject to sub-paragraph (4) below) to be their value immediately after—
- (a) any relevant event occurring at that time; or
- (b) where no relevant event occurs at that time, the last relevant event to occur before that time.
- (3) In sub-paragraph (2) above “*relevant event*”, in relation to any shares in or securities of the relevant company, means—
- (a) the acquisition by the trust company of those shares or securities;
- (b) the acquisition by the trust company of any other shares in or securities of the relevant company which—
- (i) are of the same description as those shares or securities, and
- (ii) are acquired otherwise than by virtue of being allotted to the trust company without that company’s becoming liable to give any consideration;
or
- (c) the making of any such payment in discharge, in whole or in part, of any obligation attached to any shares in or securities of the relevant company held by the trust company as (by discharging that obligation) increases the value of any such shares or securities.
- (4) If at any time the value of any shares or securities held by the trust company is less than the amount of the consideration given by the trust company for those shares or securities, it shall be assumed for the purposes of this paragraph that the value of those shares or securities at that time is equal to the amount of that consideration.
- (5) In this paragraph “*eligible shares*” has the same meaning as in section 842AA.
### Acquisitions for restructuring purposes
##### 10C
- (1) This paragraph applies where—
- (a) arrangements are made for a company (“*the new company*”) to acquire all the shares (“*old shares*”) in another company (“*the old company*”);
- (b) the acquisition provided for by the arrangements falls within sub-paragraph (2) below; and
- (c) the Board have, before any exchange of shares takes place under the arrangements, given an approval notification.
- (2) An acquisition of shares falls within this sub-paragraph if—
- (a) the consideration for the old shares consists wholly of the issue of shares (“*new shares*”) in the new company;
- (b) new shares are issued in consideration of old shares only at times when there are no issued shares in the new company other than subscriber shares and new shares previously issued in consideration of old shares;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description; and
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of, and in proportion to, their holdings.
- (3) For the purposes of sub-paragraph (1)(c) above an approval notification is one which, on an application by either the old company or the new company, is given to the applicant company and states that the Board are satisfied that the exchange of shares under the arrangements—
- (a) will be effected for bona fide commercial reasons; and
- (b) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (4) If the requirements of paragraph 3 above were satisfied in relation to the old company and any old shares immediately before the beginning of the period for giving effect to the arrangements, then (to the extent that it would not otherwise be the case) those requirements shall be deemed to be satisfied in relation to the new company and the matching new shares at all times which—
- (a) fall in that period; and
- (b) do not fall after a time when (apart from the arrangements) those requirements would have ceased by virtue of—
- (i) sub-paragraph (4) or (5) of that paragraph, or
- (ii) any cessation of a trade by any company,
to be satisfied in relation to the old company and the matching old shares.
- (5) For the purposes of paragraph 3 above the period of two years mentioned in sub-paragraph (4) of that paragraph shall be deemed, in the case of any new shares, to expire at the same time as it would have expired (or by virtue of this sub-paragraph would have been deemed to expire) in the case of the matching old shares.
- (6) Subject to sub-paragraph (7) below, where—
- (a) there is an exchange under the arrangements of any new shares for any old shares, and
- (b) those old shares are shares in relation to which the requirements of paragraphs 6 and 8 above were (or were deemed to be) satisfied to any extent immediately before the exchange,
those requirements shall be deemed, at all times after that time, to be satisfied to the same extent in relation to the matching new shares.
- (7) Where there is a time following any exchange under the arrangements of any new shares for any old shares when (apart from the arrangements) the requirements of paragraph 6 above would have ceased under—
- (a) sub-paragraph (2) of that paragraph, or
- (b) this sub-paragraph,
to be satisfied in relation to those old shares, those requirements shall cease at that time to be satisfied in relation to the matching new shares.
- (8) For the purposes of paragraph 7 above any new shares acquired under the arrangements shall be deemed to represent an investment which—
- (a) raised the same amount of money as was raised (or, by virtue of this sub-paragraph, is deemed to have been raised) by the issue of the matching old shares, and
- (b) raised that amount by an issue of shares in the new company made at the time when the issue of the matching old shares took place (or, as the case may be, is deemed to have taken place).
- (9) In determining whether the requirements of paragraph 9 above are satisfied in relation to the old company or the new company at a time in the period for giving effect to the arrangements, both—
- (a) the arrangements themselves, and
- (b) any exchange of new shares for old shares that has already taken place under the arrangements,
shall be disregarded.
- (10) For the purposes of paragraph 10B above the value of the new shares, both immediately after the time of their acquisition and immediately after the time of any subsequent relevant event occurring by virtue of the arrangements, shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the old shares for which they are exchanged.
- (11) Nothing in this paragraph shall deem any of the requirements of this Schedule to be satisfied in relation to any new shares unless the matching old shares were first issued to the trust company and have been held by that company from the time when they were issued until they are acquired by the new company.
- (12) References in this paragraph to the period for giving effect to the arrangements are references to the period which—
- (a) begins with the time when those arrangements first came into existence; and
- (b) ends with the time when the new company completes its acquisition under the arrangements of all the old shares.
- (13) If, at any time after the arrangements first came into existence and before the new company has acquired all the old shares, the arrangements—
- (a) cease to be arrangements for the acquisition of all the old shares by the new company, or
- (b) cease to be arrangements for an acquisition falling within sub-paragraph (2) above,
this paragraph shall not deem any requirement of this Schedule to be satisfied, and sub-paragraph (10) above shall not apply, in the case of any new shares at any time after the arrangements have so ceased.
- (14) Subject to sub-paragraph (15) below, references in this paragraph, except in the expression “subscriber shares”, to shares in a company include references to any securities of that company.
- (15) For the purposes of this paragraph, a relevant security of the old company shall not be treated as a security of that company if—
- (a) the arrangements do not provide for the acquisition of the security by the new company; or
- (b) such treatment prevents sub-paragraph (1)(b) above from being satisfied in connection with the arrangements.
- (16) In sub-paragraph (15) above “*relevant security*” means an instrument which is a security for the purposes of this Schedule by reason only of section 842AA(12).
- (17) For the purposes of this paragraph—
- (a) old shares and new shares are of a corresponding description if, were they shares in the same company, they would be of the same description; and
- (b) old shares and new shares are matching shares in relation to each other if the old shares are the shares for which those new shares are exchanged under the arrangements.
### Conversion of convertible shares and securities
##### 10D
- (1) This paragraph applies where—
- (a) shares have been issued to the trust company by virtue of the exercise by that company of any right of conversion attached to other shares, or securities, held by that company (“*the convertibles*”);
- (b) the shares so issued are in the same company as the convertibles to which the right was attached;
- (c) the convertibles to which the right was attached were first issued to the trust company and were held by that company from the time they were issued until converted; and
- (d) the right was attached to the convertibles when they were first so issued and was not varied before it was exercised.
- (2) Sub-paragraphs (5) to (8) of paragraph 10C above shall apply in relation to the exchange of convertibles for shares by virtue of the exercise of the right of conversion as if—
- (a) that exchange were an exchange under any such arrangements as are mentioned in that paragraph of new shares for old shares; and
- (b) the references in those sub-paragraphs and sub-paragraph (17)(b) of that paragraph to the arrangements were references to the provision conferring the right of conversion.
- (3) For the purposes of paragraph 10B above the value of the new shares immediately after the time of their acquisition by the trust company shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the convertibles for which they are exchanged.
### Winding up of the relevant company
##### 11
None of the requirements of this Schedule shall be regarded, at a time when the relevant company is being wound up, as being, on that account, a requirement that is not satisfied in relation to that company if . . . —
- (a) . . . the requirements of this Schedule would be satisfied in relation to that company apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
### Company in administration or receivership
##### 11A
- (1) A company which is in administration or receivership shall not be regarded as ceasing to comply with paragraph 3(2) or (3) by reason only of anything done as a consequence of its being in administration or receivership.
- (2) For this purpose—
- (a) a company is “in administration” if it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986, or there is in force in relation to it—
- (i) an administration order under Part III of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom; and
- (b) a company is “in receivership" if there is in force in relation to it—
- (i) an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter I or II of Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom.
- (3) This paragraph applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
### Company reorganisations etc. involving exchange of shares
##### 11B
- (1) The Treasury may by regulations make provision for cases where—
- (a) a holding of shares or securities that meets the requirements of this Schedule is exchanged for other shares or securities,
- (b) the exchange is made for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax, and
- (c) the new shares or securities do not meet some or all of the requirements of this Schedule,
providing that the new shares or securities shall be treated as meeting those requirements.
- (2) The references in sub-paragraph (1) to an exchange of shares or securities include any form of company reorganisation or other arrangement which involves a holder of shares or securities in a company receiving other shares or securities—
- (a) whether the original shares or securities are transferred, cancelled or retained, and
- (b) whether the new shares or securities are in the same or another company.
- (3) The regulations shall specify—
- (a) the cases in which, and conditions subject to which, they apply,
- (b) which requirements of this Schedule are to be treated as met, and
- (c) the period for which those requirements are to be treated as met.
- (4) The regulations may contain such administrative provisions (including provision for advance clearances) as appear to the Treasury to be necessary or expedient.
- (5) The regulations may authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by the regulations are met.
- (6) Regulations under this paragraph—
- (a) may make different provision for different cases,
- (b) may include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate, and
- (c) may include provision having retrospective effect.
### Power to amend Schedule
##### 12
The Treasury may by order amend this Schedule for any or all of the following purposes, that is to say—
- (a) to make such modifications of paragraphs 3 to 5 above as they may consider expedient;
- (b) to substitute different sums for the sums of money for the time being specified in paragraphs 7(2) and 8(1) above.
### General interpretation
##### 13
- (1) Subject to paragraph 10C(15) above, in this Schedule—
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985; and
- “*securities*” has the same meaning as in section 842AA;
and references in this Schedule to the issue of any securities, in relation to any security consisting in a liability in respect of an unsecured loan, shall have effect as references to the making of the loan.
- (2) For the purposes of paragraphs 5(2) and 9 above, the question whether a person controls a company shall be determined in accordance with subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) below.
- (3) The modification is that, in determining whether a person controls a company, there shall be disregarded—
- (a) his or any other person’s possession of, or entitlement to acquire, relevant fixed-rate preference shares of the company; and
- (b) his or any other person’s possession of, or entitlement to acquire, rights as a loan creditor of the company.
- (4) Section 839 shall apply for the purposes of this Schedule, but as if the reference in subsection (8) to section 416 were a reference to subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) above.
- (5) For the purposes of sub-paragraph (3) above—
- (a) relevant fixed-rate preference shares are fixed-rate preference shares that do not for the time being carry voting rights; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) In this paragraph “*fixed-rate preference shares*” means shares which—
- (a) were issued wholly for new consideration;
- (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities; and
- (c) do not carry any right to dividends other than dividends which—
- (i) are of a fixed amount or at a fixed rate per cent. of the nominal value of the shares, and
- (ii) together with any sum paid on redemption, represent no more than a reasonable commercial return on the consideration for which the shares were issued;
and in paragraph (a) above “*new consideration*” has the meaning given by section 254.
##### 18A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Editorial notes
[^c21566881]: **EDITORIAL NOTE** The originating text of this Act is derived from the 1990 edition of The Taxes Acts edited by the Inland Revenue and published by Her Majesty's Stationery Office. The style of editing followed in older versions of the revised text may therefore differ from that applicable to most other Acts published in the online edition of the revised statutes. Any references in older footnote annotations to Vol. 1, 2 etc. are to the Volumes of that 1990 edition. References to Acts in sidenotes and footnote annotations may be abbreviated. The main abbreviations used are listed below. Where a reference to an Act consists of the year, or the year and a series number (such as "1975", or "1975 (No. 2)", etc.), without any following letter(s) in parentheses, the reference is in most cases to the Finance Act, or Finance (No. 2) Act, etc., of that year. Exceptions to this are 1952, 1970, and 1988 (as to which see the list below). **ABBREVIATIONS USED IN SIDENOTES AND FOOTNOTES** 1828 (R.S.) = [Revenue Solicitors Act 1828 (c. 25, SIF 57)](https://www.legislation.gov.uk/ukpga/1828/25) 1890 (I.R.R.) = [Inland Revenue Regulation Act 1890 (c. 21, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1890/21) 1952 = [Income Tax Act 1952 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1952/10) 1968 (C) = [Capital Allowances Act 1968 (c. 3)](https://www.legislation.gov.uk/ukpga/1968/3) 1970 (M) = [Taxes Management Act 1970 (c. 9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9) 1970 = [Income and Corporation Taxes Act 1970 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/10) 1970 (F) = [Finance Act 1970 (c. 24, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1970/24) 1970 (No.2) = [Income and Corporation Taxes (No.2) Act 1970 (c. 54)](https://www.legislation.gov.uk/ukpga/1970/54) 1975 (O) = [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22) (and similarly as respects subsequent years) 1976 (D) = [Development Land Tax Act 1976 (c. 24)](https://www.legislation.gov.uk/ukpga/1976/24) 1977 (I.T.R.) = [Finance (Income Tax Reliefs) Act 1977 (c. 53)](https://www.legislation.gov.uk/ukpga/1977/53) 1979 (C) = [Capital Gains Tax Act 1979 (c. 14, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1979/14) 1984 (C) = [Capital Transfer Tax Act 1984/Inheritance Tax Act 1984 (c. 51, SIF 65)](https://www.legislation.gov.uk/ukpga/1984/51) 1988 = [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1) 1988 (F) = [Finance Act 1988 (c. 39, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1988/39) 1990 (C) = [Capital Allowances Act 1990 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1) O.J. = Official Journal of the European Communities SIF = Statutes in Force, the official hard-copy predecessor to the online statutes (and any following numbers refer to the relevant volume)
[^c21566891]: General amendments, modifications, etc. to Tax Acts (or Income Tax Acts or Corporation Taxes Acts as the case may be): [Taxes Management Act 1970 (c.9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9), [s. 41A(7)](https://www.legislation.gov.uk/ukpga/1970/9/section/41A/7) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 95(1)(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/95/1/2)); [British Telecommunications Act 1981 (c.38, SIF 96)](https://www.legislation.gov.uk/ukpga/1981/38), [s. 82(2)(7)](https://www.legislation.gov.uk/ukpga/1981/38/section/82/2/7); [Telecommunications Act 1984 (c.12, SIF 96)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3); [Finance Act 1984 (c.43, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1984/43), [ss. 82(6)](https://www.legislation.gov.uk/ukpga/1984/43/section/82/6), [85(2)](https://www.legislation.gov.uk/ukpga/1984/43/section/85/2), [89(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/89/1/7), [96(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/96/1/7), [98(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/98/7), [Sch. 9 para. 3(2)(9)](https://www.legislation.gov.uk/ukpga/1984/43/schedule/9/paragraph/3/2/9), [Sch. 16 paras. 6](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/6), [12](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/12); [Finance Act 1985 (c.54, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1985/54), [ss. 72(1)](https://www.legislation.gov.uk/ukpga/1985/54/section/72/1), [74(5)](https://www.legislation.gov.uk/ukpga/1985/54/section/74/5), [Sch. 23 para. 15(4)](https://www.legislation.gov.uk/ukpga/1985/54/schedule/23/paragraph/15/4); [The Income Tax (Entertainers and Sportsmen) Regulations 1987 (S.I. 1987/530)](https://www.legislation.gov.uk/uksi/1987/530), [regs. 11(2)](https://www.legislation.gov.uk/uksi/1987/530/regulation/11/2), [13(1)](https://www.legislation.gov.uk/uksi/1987/530/regulation/13/1), [14](https://www.legislation.gov.uk/uksi/1987/530/regulation/14); [Income and Corporation Taxes Act 1988 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/section/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/section/7), [9](https://www.legislation.gov.uk/ukpga/1988/1/section/9), [32](https://www.legislation.gov.uk/ukpga/1988/1/section/32), [34](https://www.legislation.gov.uk/ukpga/1988/1/section/34), [78](https://www.legislation.gov.uk/ukpga/1988/1/section/78), [134](https://www.legislation.gov.uk/ukpga/1988/1/section/134), [135](https://www.legislation.gov.uk/ukpga/1988/1/section/135), [141](https://www.legislation.gov.uk/ukpga/1988/1/section/141), [142](https://www.legislation.gov.uk/ukpga/1988/1/section/142), [185](https://www.legislation.gov.uk/ukpga/1988/1/section/185), [191](https://www.legislation.gov.uk/ukpga/1988/1/section/191), [193](https://www.legislation.gov.uk/ukpga/1988/1/section/193), [194](https://www.legislation.gov.uk/ukpga/1988/1/section/194), [195](https://www.legislation.gov.uk/ukpga/1988/1/section/195), [200](https://www.legislation.gov.uk/ukpga/1988/1/section/200), [203](https://www.legislation.gov.uk/ukpga/1988/1/section/203), [209](https://www.legislation.gov.uk/ukpga/1988/1/section/209), [212](https://www.legislation.gov.uk/ukpga/1988/1/section/212), [213](https://www.legislation.gov.uk/ukpga/1988/1/section/213), [219](https://www.legislation.gov.uk/ukpga/1988/1/section/219), [247](https://www.legislation.gov.uk/ukpga/1988/1/section/247), [253](https://www.legislation.gov.uk/ukpga/1988/1/section/253), [272](https://www.legislation.gov.uk/ukpga/1988/1/section/272), [287](https://www.legislation.gov.uk/ukpga/1988/1/section/287), [314](https://www.legislation.gov.uk/ukpga/1988/1/section/314), [315](https://www.legislation.gov.uk/ukpga/1988/1/section/315), [317](https://www.legislation.gov.uk/ukpga/1988/1/section/317), [318](https://www.legislation.gov.uk/ukpga/1988/1/section/318), [325](https://www.legislation.gov.uk/ukpga/1988/1/section/325), [326](https://www.legislation.gov.uk/ukpga/1988/1/section/326), [327](https://www.legislation.gov.uk/ukpga/1988/1/section/327), [345](https://www.legislation.gov.uk/ukpga/1988/1/section/345), [350](https://www.legislation.gov.uk/ukpga/1988/1/section/350), [351](https://www.legislation.gov.uk/ukpga/1988/1/section/351), [368](https://www.legislation.gov.uk/ukpga/1988/1/section/368), [375](https://www.legislation.gov.uk/ukpga/1988/1/section/375), [381](https://www.legislation.gov.uk/ukpga/1988/1/section/381), [397](https://www.legislation.gov.uk/ukpga/1988/1/section/397), [414](https://www.legislation.gov.uk/ukpga/1988/1/section/414), [432](https://www.legislation.gov.uk/ukpga/1988/1/section/432), [440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [442](https://www.legislation.gov.uk/ukpga/1988/1/section/442), [446](https://www.legislation.gov.uk/ukpga/1988/1/section/446), [458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [460](https://www.legislation.gov.uk/ukpga/1988/1/section/460), [461](https://www.legislation.gov.uk/ukpga/1988/1/section/461), [463](https://www.legislation.gov.uk/ukpga/1988/1/section/463), [463(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/2/3) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 50(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/50/2)), [468](https://www.legislation.gov.uk/ukpga/1988/1/section/468), [474](https://www.legislation.gov.uk/ukpga/1988/1/section/474), [475](https://www.legislation.gov.uk/ukpga/1988/1/section/475), [486](https://www.legislation.gov.uk/ukpga/1988/1/section/486), [490](https://www.legislation.gov.uk/ukpga/1988/1/section/490), [491](https://www.legislation.gov.uk/ukpga/1988/1/section/491), [503](https://www.legislation.gov.uk/ukpga/1988/1/section/503), [511](https://www.legislation.gov.uk/ukpga/1988/1/section/511), [518](https://www.legislation.gov.uk/ukpga/1988/1/section/518), [524](https://www.legislation.gov.uk/ukpga/1988/1/section/524), [532](https://www.legislation.gov.uk/ukpga/1988/1/section/532), [544](https://www.legislation.gov.uk/ukpga/1988/1/section/544), [550](https://www.legislation.gov.uk/ukpga/1988/1/section/550), [556](https://www.legislation.gov.uk/ukpga/1988/1/section/556), [558](https://www.legislation.gov.uk/ukpga/1988/1/section/558), [569](https://www.legislation.gov.uk/ukpga/1988/1/section/569), [572](https://www.legislation.gov.uk/ukpga/1988/1/section/572), [582](https://www.legislation.gov.uk/ukpga/1988/1/section/582), [595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [601](https://www.legislation.gov.uk/ukpga/1988/1/section/601), [613](https://www.legislation.gov.uk/ukpga/1988/1/section/613), [617](https://www.legislation.gov.uk/ukpga/1988/1/section/617), [619](https://www.legislation.gov.uk/ukpga/1988/1/section/619), [621](https://www.legislation.gov.uk/ukpga/1988/1/section/621), [639](https://www.legislation.gov.uk/ukpga/1988/1/section/639), [656](https://www.legislation.gov.uk/ukpga/1988/1/section/656), [660](https://www.legislation.gov.uk/ukpga/1988/1/section/660), [663](https://www.legislation.gov.uk/ukpga/1988/1/section/663), [676](https://www.legislation.gov.uk/ukpga/1988/1/section/676), [689](https://www.legislation.gov.uk/ukpga/1988/1/section/689), [691](https://www.legislation.gov.uk/ukpga/1988/1/section/691), [694](https://www.legislation.gov.uk/ukpga/1988/1/section/694), [700](https://www.legislation.gov.uk/ukpga/1988/1/section/700), [701](https://www.legislation.gov.uk/ukpga/1988/1/section/701), [714](https://www.legislation.gov.uk/ukpga/1988/1/section/714), [716](https://www.legislation.gov.uk/ukpga/1988/1/section/716), [739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [743](https://www.legislation.gov.uk/ukpga/1988/1/section/743), [754](https://www.legislation.gov.uk/ukpga/1988/1/section/754), [763](https://www.legislation.gov.uk/ukpga/1988/1/section/763), [776](https://www.legislation.gov.uk/ukpga/1988/1/section/776), [780](https://www.legislation.gov.uk/ukpga/1988/1/section/780), [781](https://www.legislation.gov.uk/ukpga/1988/1/section/781), [782](https://www.legislation.gov.uk/ukpga/1988/1/section/782), [787](https://www.legislation.gov.uk/ukpga/1988/1/section/787), [789](https://www.legislation.gov.uk/ukpga/1988/1/section/789), [811](https://www.legislation.gov.uk/ukpga/1988/1/section/811), [828](https://www.legislation.gov.uk/ukpga/1988/1/section/828), [829](https://www.legislation.gov.uk/ukpga/1988/1/section/829), [832](https://www.legislation.gov.uk/ukpga/1988/1/section/832), [833](https://www.legislation.gov.uk/ukpga/1988/1/section/833), [834](https://www.legislation.gov.uk/ukpga/1988/1/section/834), [835](https://www.legislation.gov.uk/ukpga/1988/1/section/835), [837](https://www.legislation.gov.uk/ukpga/1988/1/section/837), [838](https://www.legislation.gov.uk/ukpga/1988/1/section/838), [839](https://www.legislation.gov.uk/ukpga/1988/1/section/839), [840](https://www.legislation.gov.uk/ukpga/1988/1/section/840), [841](https://www.legislation.gov.uk/ukpga/1988/1/section/841), [842](https://www.legislation.gov.uk/ukpga/1988/1/section/842), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2/paragraph/5), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5), [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10), [Sch. 16 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/10), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6), [Sch. 26 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1), [Sch. 27 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/20); [Finance Act 1988 (c.39, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 66](https://www.legislation.gov.uk/ukpga/1988/39/section/66), [127(1)(6)](https://www.legislation.gov.uk/ukpga/1988/39/section/127/1/6), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/39/schedule/12/paragraph/6); [Electricity Act 1989 (c. 29, SIF 44:1)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 90](https://www.legislation.gov.uk/ukpga/1989/29/section/90), [Sch. 11 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/8/2); [S.I. 1990/117](https://www.legislation.gov.uk/uksi/1990/117), [art. 3](https://www.legislation.gov.uk/uksi/1990/117/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/117/schedule/1); [Capital Allowances Act 1990 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/28/1), [68(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/68/8), [74](https://www.legislation.gov.uk/ukpga/1988/1/section/74), [82](https://www.legislation.gov.uk/ukpga/1988/1/section/82), [83(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/5), [148(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/148/5), [163(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/163/4), [164(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/164/2); [S.I. 1990/627](https://www.legislation.gov.uk/uksi/1990/627); [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 25(10)](https://www.legislation.gov.uk/ukpga/1990/29/section/25/10); [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) (having effect with respect to gifts made on or after 19.3.1991), s. 587A(2)(3) (with application as referred to in [Finance Act 1991 (c.31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5) (if the new securities are issued on or after 19.3.1991)), [s. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A), [Sch. 23A paras. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2), [4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4), [5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5/2), [7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1); [Ports Act 1991 (c. 52, SIF 58)](https://www.legislation.gov.uk/ukpga/1991/52), [s. 35(8)](https://www.legislation.gov.uk/ukpga/1991/52/section/35/8); [The Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000)](https://www.legislation.gov.uk/uksi/1991/2000), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/1/1), [4(5)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/4/5); [British Technology Group Act 1991 (c.66, SIF 64)](https://www.legislation.gov.uk/ukpga/1991/66), [s.12(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1991/66/section/12/1/3/4); [S.I. 1991/2721](https://www.legislation.gov.uk/uksi/1991/2721), [art.2](https://www.legislation.gov.uk/uksi/1991/2721/article/2); [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1 reg. 28](https://www.legislation.gov.uk/uksi/1979/591/schedule/1/regulation/28) (as substituted by [S.I. 1992/97](https://www.legislation.gov.uk/uksi/1992/97), [reg. 18](https://www.legislation.gov.uk/uksi/1992/97/regulation/18)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [ss. 16](https://www.legislation.gov.uk/ukpga/1992/4/section/16), [177(4)](https://www.legislation.gov.uk/ukpga/1992/4/section/177/4), [Sch.2](https://www.legislation.gov.uk/ukpga/1992/4/schedule/2) (with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1992/4/section/108/5)); [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 209(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/209/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) (with effect for the year 1992-93 and subsequent years of assessment); [The Lloyd's Underwriters (Tax) (1989-90) Regulations 1992 (S.I. 1992/511)](https://www.legislation.gov.uk/uksi/1992/511), [reg.3](https://www.legislation.gov.uk/uksi/1992/511/regulation/3) (with effect for the year of assessment 1989-90); [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 12 paras. 6(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/6/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7), [Sch. 17 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/9); [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [3(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/3/1) (with effect for the year of assessment 1990-91); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(3)-(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/3), [118(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/118/1), [146(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/146/2/3), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [175](https://www.legislation.gov.uk/ukpga/1993/34/section/175), [Sch. 20 paras. 8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/8), [9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/9/1); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 172(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/172/1), [176(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/1), [179(4)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/179/4/5), [180(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/180/1/a/2), [182(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/182/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) (with effect for the year 1992-93 and subsequent years of assessment); [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [ss. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [36](https://www.legislation.gov.uk/ukpga/1993/37/section/36), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [paras. 1](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/1), [2(1)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/2/1), [3(2)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/3/2), [16(2)(a)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/16/2/a), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/4/paragraph/1/1); [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [regs. 1](https://www.legislation.gov.uk/uksi/1993/2004/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/4/1) , [5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1), [7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1), [8](https://www.legislation.gov.uk/uksi/1993/2004/regulation/8), [11(7)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/11/7); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 139(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/139/1/2), [173(2)(b)(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/b/4/a/b), [174](https://www.legislation.gov.uk/ukpga/1994/9/section/174), [Sch. 25 paras. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/2), [6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/6/1/2); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 paras. 1(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/1/4), [12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/12/2), [15(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/b), [18(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/1), [20(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/1/a/3), [25(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/1) (with retrospective effect to 11.1.1994); [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/11/1), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14), [17(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/17/2), [19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/19/1/a/3); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule); [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg.3](https://www.legislation.gov.uk/uksi/1994/728/regulation/3) (with effect for the year of assessment 1991-92); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 152](https://www.legislation.gov.uk/ukpga/1995/4/section/152), [157(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/12); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154](https://www.legislation.gov.uk/ukpga/1995/4/section/154) (with retrospective effect to 29.11.1994); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2/3), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)); [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/3); [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/7), [13](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/13); [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1/2), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(1)-(3)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/1); [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 3](https://www.legislation.gov.uk/uksi/1995/171/regulation/3); [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 4](https://www.legislation.gov.uk/uksi/1995/351/regulation/4) (with [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5) and [S.I. 1995/352](https://www.legislation.gov.uk/uksi/1995/352), [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15)); [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/352/regulation/4) (with [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15) and [S.I. 1995/351](https://www.legislation.gov.uk/uksi/1995/351), [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5)) (with effect for the years of assessment 1992-93 to 1996-97); [The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 (S.I. 1995/2052)](https://www.legislation.gov.uk/uksi/1995/2052), [regs. 1](https://www.legislation.gov.uk/uksi/1995/2052/regulation/1), [10](https://www.legislation.gov.uk/uksi/1995/2052/regulation/10); [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 81(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/81/1), [151(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/151/1), [152](https://www.legislation.gov.uk/ukpga/1996/8/section/152), [154(2)(5)(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/2/5/9), [Sch. 10 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/4/2), [Sch. 11 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/4/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 689A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/2) (as inserted by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 paras. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16), [28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28)); [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [Sch. 7 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/1/3), [18](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/18), [27](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/27); [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3), [Sch. 7 paras. 2(1)(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/2/1/3), [3(2)(5)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2/5), [7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/2); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) (as substituted and inserted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/1), [13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3), [16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16)); [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28A](https://www.legislation.gov.uk/ukpga/1990/1/section/28A), [29(1)(1A)](https://www.legislation.gov.uk/ukpga/1990/1/section/29/1/1A) (as inserted and substituted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 paras. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/4)) [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 29(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/29/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) (as substituted by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4/6); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 3](https://www.legislation.gov.uk/uksi/1997/473/regulation/3) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 165(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/a); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 4](https://www.legislation.gov.uk/uksi/2004/822/regulation/4)) [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [3-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (as amended by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715)); [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [regs. 1](https://www.legislation.gov.uk/uksi/1997/2681/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/2681/regulation/9); [Teaching and Higher Education Act 1998 (c. 30)](https://www.legislation.gov.uk/ukpga/1998/30), [s. 22(5)(g)](https://www.legislation.gov.uk/ukpga/1998/30/section/22/5/g); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/30/3), [31(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/31/2), [32(8)](https://www.legislation.gov.uk/ukpga/1998/36/section/32/8), [46](https://www.legislation.gov.uk/ukpga/1998/36/section/46), [47(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/3/a), [117](https://www.legislation.gov.uk/ukpga/1998/36/section/117), [161(2)(b)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/b/7), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 65A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/65A/3), [70A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/3), [596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C), [754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2), [Sch. 28AA para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/b) (as inserted or substituted (as the case may be) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38](https://www.legislation.gov.uk/ukpga/1998/36/section/38), [93(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3/4), [108(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5/6), [Sch. 5 paras. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/24), [25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25), [73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [Sch. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/16), [Sch. 17 paras. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4), [37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37); [Regional Development Agencies Act 1998 (c. 45)](https://www.legislation.gov.uk/ukpga/1998/45), [s. 38](https://www.legislation.gov.uk/ukpga/1998/45/section/38); [S.I. 1998/2952](https://www.legislation.gov.uk/uksi/1998/2952), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/2952/article/2/2); [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1998/46/section/73/2); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/3178/article/2/2), [Sch. 3](https://www.legislation.gov.uk/uksi/1998/3178/schedule/3); [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [21](https://www.legislation.gov.uk/uksi/1998/3177/regulation/21); [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) (as inserted by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1/3)); [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [ss. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1999/20/section/6/2/c), [16(1)(4)(c)(5)](https://www.legislation.gov.uk/ukpga/1999/20/section/16/1/4/c/5); [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/43); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) (as inserted by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1/3)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 253(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/253/4), [260(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/5), [579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) (as substituted by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 55(2)-(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/2)(7), 83(1)(a)(3), Sch. 26 para. 51; [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 56](https://www.legislation.gov.uk/ukpga/2003/1/section/56), [566(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/566/2), [723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))); [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 148(1)-(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/1), [150](https://www.legislation.gov.uk/ukpga/2003/14/section/150), [195](https://www.legislation.gov.uk/ukpga/2003/14/section/195); [The Taxation of Benefits under Government Pilot Schemes (Return to Work Credit and Employment Retention and Advancement Schemes) Order 2003 (S.I. 2003/2339)](https://www.legislation.gov.uk/uksi/2003/2339), [arts. 1](https://www.legislation.gov.uk/uksi/2003/2339/article/1), [3](https://www.legislation.gov.uk/uksi/2003/2339/article/3); [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 51](https://www.legislation.gov.uk/ukpga/2004/12/section/51), [188(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/188/7), [192(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/8/10), [205(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/205/7), [206(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/206/7), [207(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/207/7), [208(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/208/8), [215(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/215/11), [227(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/227/5), [254(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/254/7), [255(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/255/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23),Sch. 26 para. 36(2) (as substituted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 52(1)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/1/3), [Sch. 10 para. 62](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/62)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 paras. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1), [3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)); [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(10)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/10), [28(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/28/5), [29(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/29/6), [30(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/30/6), [38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2), [44(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/44/5), [Sch. 9 para. 37(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/37/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1); [Horserace Betting and Olympic Lottery Act 2004 (c. 25)](https://www.legislation.gov.uk/ukpga/2004/25), [ss. 4(1)](https://www.legislation.gov.uk/ukpga/2004/25/section/4/1), [5(3)(c)(4)](https://www.legislation.gov.uk/ukpga/2004/25/section/5/3/c/4); [S.I. 2011/462](https://www.legislation.gov.uk/uksi/2011/462), [art. 2](https://www.legislation.gov.uk/uksi/2011/462/article/2); [The Taxation of Benefits under Government Pilot Schemes (Working Neighbourhoods Pilot and In Work Credit) Order 2004 (S.I. 2004/575)](https://www.legislation.gov.uk/uksi/2004/575), [art. 3](https://www.legislation.gov.uk/uksi/2004/575/article/3); [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [ss. 41(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/41/4), [50](https://www.legislation.gov.uk/ukpga/2005/7/section/50), [53](https://www.legislation.gov.uk/ukpga/2005/7/section/53), [54](https://www.legislation.gov.uk/ukpga/2005/7/section/54), [56](https://www.legislation.gov.uk/ukpga/2005/7/section/56), [83(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/1); [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [Sch. 10 para. 34(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/34/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), art, 2, Sch.; [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/7/2), [8](https://www.legislation.gov.uk/ukpga/2005/22/section/8), [9](https://www.legislation.gov.uk/ukpga/2005/22/section/9); [Finance Act 1988 (c.39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 66A(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/66A/2/4) (as inserted by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 60(1)(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/60/1/3)); [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 4](https://www.legislation.gov.uk/uksi/2005/1907/regulation/4); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 3](https://www.legislation.gov.uk/uksi/2005/2014/regulation/3); [The Donations to Charity by Individuals (Appropriate Declarations) (Amendment) Regulations 2005 (S.I. 2005/2790)](https://www.legislation.gov.uk/uksi/2005/2790), [regs. 6](https://www.legislation.gov.uk/uksi/2005/2790/regulation/6), [7](https://www.legislation.gov.uk/uksi/2005/2790/regulation/7); [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 4](https://www.legislation.gov.uk/uksi/2006/575/regulation/4); [Telecommunications Act 1984 (c. 12)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3) (as substituted by [S.I. 2006/745](https://www.legislation.gov.uk/uksi/2006/745), [art. 2](https://www.legislation.gov.uk/uksi/2006/745/article/2)); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006 (S.I. 2006/3218)](https://www.legislation.gov.uk/uksi/2006/3218), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3218/regulation/1/1/2), [2-12](https://www.legislation.gov.uk/uksi/2006/3218/regulation/2); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) (No. 2) Regulations 2006 (S.I. 2006/3389)](https://www.legislation.gov.uk/uksi/2006/3389), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3389/regulation/1/1/2), [2-10](https://www.legislation.gov.uk/uksi/2006/3389/regulation/2) (as amended by [S.I. 2007/2147](https://www.legislation.gov.uk/uksi/2007/2147), [regs. 1-6](https://www.legislation.gov.uk/uksi/2007/2147/regulation/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 414](https://www.legislation.gov.uk/ukpga/2007/3/section/414), [466](https://www.legislation.gov.uk/ukpga/2007/3/section/466), [467](https://www.legislation.gov.uk/ukpga/2007/3/section/467), [473(5)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/473/5/6), [474](https://www.legislation.gov.uk/ukpga/2007/3/section/474), [477](https://www.legislation.gov.uk/ukpga/2007/3/section/477), [513(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/513/4), [573](https://www.legislation.gov.uk/ukpga/2007/3/section/573), [576](https://www.legislation.gov.uk/ukpga/2007/3/section/576), [578](https://www.legislation.gov.uk/ukpga/2007/3/section/578), [586(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/586/2), [597(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/597/2), [711(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/711/2), [959](https://www.legislation.gov.uk/ukpga/2007/3/section/959), [963(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/963/4), [970(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/970/1), [988-1016](https://www.legislation.gov.uk/ukpga/2007/3/section/988) (Pt. 16) (with Sch. 2); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61G](https://www.legislation.gov.uk/ukpga/2003/1/section/61G) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 25](https://www.legislation.gov.uk/ukpga/2007/11/section/25), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/3/paragraph/4)); [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [Sch. 4 para. 11](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/11); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule); [The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050)](https://www.legislation.gov.uk/uksi/2007/1050), [regs. 1](https://www.legislation.gov.uk/uksi/2007/1050/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2007/1050/regulation/3) (as amended by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 2 para. 131](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/131) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))); [The Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards) Regulations 2007 (S.I. 2007/3338](https://www.legislation.gov.uk/uksi/2007/3338)), [reg. 3](https://www.legislation.gov.uk/uksi/2007/3338/regulation/3); [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1), [6](https://www.legislation.gov.uk/uksi/2007/3402/regulation/6); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 461D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461D/4) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3)); [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 840A(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/840A/3) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 69](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/69), [81](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/81)); [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(2)(4)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/2/4); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 69Z15(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z15/2), [69Z16(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z16/2), [69Z17(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z17/2) (as inserted by [S.I. 2008/705](https://www.legislation.gov.uk/uksi/2008/705), [reg. 5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)); [The Friendly Societies (Transfers of Other Business) (Modification of the Corporation Tax Acts) Regulations 2008 (S.I. 2008/1942)](https://www.legislation.gov.uk/uksi/2008/1942), [regs. 1-7](https://www.legislation.gov.uk/uksi/2008/1942/regulation/1); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 2(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/2/4), [3](https://www.legislation.gov.uk/ukpga/2009/4/section/3), [294(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/294/2), [481(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/481/2), [490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2), [509(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/509/2), [515](https://www.legislation.gov.uk/ukpga/2009/4/section/515), [516(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/516/1), [521(4)(e)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/521/4/e/5), [539(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/539/6), [540(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/540/3), [545](https://www.legislation.gov.uk/ukpga/2009/4/section/545), [550](https://www.legislation.gov.uk/ukpga/2009/4/section/550), [592(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/592/3), [593(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/593/2), [608(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/608/7), [799(1)(b)](https://www.legislation.gov.uk/ukpga/2009/4/section/799/1/b), [802(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/802/2), [855(7)(8)](https://www.legislation.gov.uk/ukpga/2009/4/section/855/7/8), [969](https://www.legislation.gov.uk/ukpga/2009/4/section/969), [1273](https://www.legislation.gov.uk/ukpga/2009/4/section/1273), [1329](https://www.legislation.gov.uk/ukpga/2009/4/section/1329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) (as inserted by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100)); [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 25](https://www.legislation.gov.uk/ukpga/2009/10/section/25); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521B(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/521B/2) (as inserted by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/4), [12-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)); [The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009/128)](https://www.legislation.gov.uk/nisr/2009/128), [regs. 1(1)](https://www.legislation.gov.uk/nisr/2009/128/regulation/1/1), [4](https://www.legislation.gov.uk/nisr/2009/128/regulation/4), [26(2)](https://www.legislation.gov.uk/nisr/2009/128/regulation/26/2); [The Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470)](https://www.legislation.gov.uk/uksi/2009/470), [regs. 1](https://www.legislation.gov.uk/uksi/2009/470/regulation/1), [4-7](https://www.legislation.gov.uk/uksi/2009/470/regulation/4), [31(2)](https://www.legislation.gov.uk/uksi/2009/470/regulation/31/2); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z61](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z61) (as inserted by [S.I. 2009/2036](https://www.legislation.gov.uk/uksi/2009/2036), [reg. 24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24)); [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1/2), [4](https://www.legislation.gov.uk/uksi/2009/2971/regulation/4); [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1), [16(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/16/2), [94](https://www.legislation.gov.uk/uksi/2009/3001/regulation/94) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 128](https://www.legislation.gov.uk/ukpga/2010/4/section/128), [620](https://www.legislation.gov.uk/ukpga/2010/4/section/620), [624](https://www.legislation.gov.uk/ukpga/2010/4/section/624), [625](https://www.legislation.gov.uk/ukpga/2010/4/section/625), [778](https://www.legislation.gov.uk/ukpga/2010/4/section/778), [784](https://www.legislation.gov.uk/ukpga/2010/4/section/784), [786](https://www.legislation.gov.uk/ukpga/2010/4/section/786), [876](https://www.legislation.gov.uk/ukpga/2010/4/section/876), [950(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/950/5), [996(1)(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/1/2), [1070](https://www.legislation.gov.uk/ukpga/2010/4/section/1070), [1071](https://www.legislation.gov.uk/ukpga/2010/4/section/1071), [1166](https://www.legislation.gov.uk/ukpga/2010/4/section/1166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 79(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/79/2), [192](https://www.legislation.gov.uk/ukpga/2010/8/section/192), [220](https://www.legislation.gov.uk/ukpga/2010/8/section/220) (with [ss. 213](https://www.legislation.gov.uk/ukpga/2010/8/section/213), [214](https://www.legislation.gov.uk/ukpga/2010/8/section/214), [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809CZB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/809CZB/2) (as inserted by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 5 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1))); [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 53(5)(7)-(10)](https://www.legislation.gov.uk/ukpga/2011/11/section/53/5/7), [Sch. 2 paras. 53(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/53/4), [54(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/54/6); [The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502)](https://www.legislation.gov.uk/uksi/2011/1502), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1502/article/1), [3](https://www.legislation.gov.uk/uksi/2011/1502/article/3); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 69(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/69/b), [71(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/71/3), [72](https://www.legislation.gov.uk/ukpga/2012/14/section/72), [142(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/142/1/b), [143(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/143/1/b), [144(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/144/1), [148](https://www.legislation.gov.uk/ukpga/2012/14/section/148), [151](https://www.legislation.gov.uk/ukpga/2012/14/section/151), [152](https://www.legislation.gov.uk/ukpga/2012/14/section/152), [158(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/158/5), [166(5)(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/166/5/6), [167(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/167/4) (with [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 793(8)](https://www.legislation.gov.uk/ukpga/2010/4/section/793/8), [812(5A)](https://www.legislation.gov.uk/ukpga/2010/4/section/812/5A) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 22(2)-(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/22/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 371SO(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/371SO/2) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 20 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/20/paragraph/1)); [Small Charitable Donations Act 2012 (c. 23)](https://www.legislation.gov.uk/ukpga/2012/23), [ss. 15](https://www.legislation.gov.uk/ukpga/2012/23/section/15), [21(1)](https://www.legislation.gov.uk/ukpga/2012/23/section/21/1); [The Bank Levy (Double Taxation Relief) Regulations 2012 (S.I. 2012/458)](https://www.legislation.gov.uk/uksi/2012/458), [regs. 1](https://www.legislation.gov.uk/uksi/2012/458/regulation/1), [13](https://www.legislation.gov.uk/uksi/2012/458/regulation/13); [The Bank Levy (Double Taxation Arrangements) (Federal Republic of Germany) Regulations 2012 (S.I. 2012/459)](https://www.legislation.gov.uk/uksi/2012/459), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2012/459/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2012/459/regulation/11); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Pt. 11ZA](https://www.legislation.gov.uk/ukpga/2007/3/part/11ZA) (ss. 614ZA-614ZD) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/1), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Pt. 17A](https://www.legislation.gov.uk/ukpga/2010/4/part/17A) (ss. 814A-814D) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/2), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1), [3](https://www.legislation.gov.uk/uksi/2013/3209/regulation/3) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8)); [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 223(8)(9)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/223/8/9/a); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2) (as substituted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 27(3)(7)-(9)](https://www.legislation.gov.uk/ukpga/2014/26/section/27/3/7)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 329N(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/329N/2) (as inserted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 14 paras. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/1), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/4)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/4/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 3](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/3), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/7/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 12](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/12), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [ss. 99(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/99/2), [116](https://www.legislation.gov.uk/ukpga/2015/11/section/116); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 12ZH](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZH), [12ZI](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZI), [59AB](https://www.legislation.gov.uk/ukpga/1970/9/section/59AB) (as inserted by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 paras. 43](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/43), [51](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/51), [60](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/60)); [The Education (Postgraduate Master?s Degree Loans) Regulations 2016 (S.I. 2016/606)](https://www.legislation.gov.uk/uksi/2016/606), [regs. 1](https://www.legislation.gov.uk/uksi/2016/606/regulation/1), [67(1)](https://www.legislation.gov.uk/uksi/2016/606/regulation/67/1); [The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016 (S.I. 2016/1212)](https://www.legislation.gov.uk/uksi/2016/1212), [regs. 1](https://www.legislation.gov.uk/uksi/2016/1212/regulation/1), [16](https://www.legislation.gov.uk/uksi/2016/1212/regulation/16); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61R](https://www.legislation.gov.uk/ukpga/2003/1/section/61R) (as inserted by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [Sch. 1 paras. 9](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/9), [16](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/16)); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 124A(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/124A/6), [124B(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124B/7), [124C(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124C/7) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 26](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/26), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 303B(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/303B/5), [303C(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/303C/7), [303D(6)](https://www.legislation.gov.uk/ukpga/2010/4/section/303D/6), [321(2A)](https://www.legislation.gov.uk/ukpga/2010/4/section/321/2A) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 48](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/48), [52(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52/3), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 28A(8)](https://www.legislation.gov.uk/ukpga/1970/9/section/28A/8), [28B(9)](https://www.legislation.gov.uk/ukpga/1970/9/section/28B/9) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 12(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/12/6), [13(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/13/6), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 18 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/32/4) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/28/4), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)) [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 3 paras. 7, 9,](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/9)[12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/13); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 420A(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/420A/2) (as inserted by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 20 paras. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/2), [10(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/10/a), [16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/16)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 270HE](https://www.legislation.gov.uk/ukpga/2001/2/section/270HE) (as inserted by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [2](https://www.legislation.gov.uk/uksi/2019/1087/regulation/2)
[^c21566901]: Act (except ss. 201 and 684) amended (1.1.1992) by [S.I. 1991/2684](https://www.legislation.gov.uk/uksi/1991/2684), [arts. 2](https://www.legislation.gov.uk/uksi/1991/2684/article/2), [4](https://www.legislation.gov.uk/uksi/1991/2684/article/4),Sch. 1
[^c22719381]: Act: [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [Sch. 4 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/part/1) to be construed as one with this Act (19.9.1994) by virtue of ss. 21, 68(4) of, and Sch. 4 para. 1(2) to, that Act); [S.I. 1999/2189](https://www.legislation.gov.uk/uksi/1999/2189), [art. 2](https://www.legislation.gov.uk/uksi/1999/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1999/2189/schedule)
[^c23369051]: Act modified (17.9.2004 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [regs. 3](https://www.legislation.gov.uk/uksi/2004/2200/regulation/3), [4](https://www.legislation.gov.uk/uksi/2004/2200/regulation/4)
[^c23369081]: Act modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7)
[^c23369091]: Act modified (1.4.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 94](https://www.legislation.gov.uk/uksi/2006/964/regulation/94) (as amended by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(2)(4)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/2/4), [28](https://www.legislation.gov.uk/uksi/2008/3159/regulation/28))
[^c23369101]: Act modified (31.12.2006 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [3-18](https://www.legislation.gov.uk/uksi/2006/3271/regulation/3) (as amended by: [S.I. 2007/2146](https://www.legislation.gov.uk/uksi/2007/2146), [regs. 1](https://www.legislation.gov.uk/uksi/2007/2146/regulation/1), [3-13](https://www.legislation.gov.uk/uksi/2007/2146/regulation/3); [S.I. 2007/3449](https://www.legislation.gov.uk/uksi/2007/3449), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3449/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/2007/3449/regulation/3); [S.I. 2008/1924](https://www.legislation.gov.uk/uksi/2008/1924), [regs. 1](https://www.legislation.gov.uk/uksi/2008/1924/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2008/1924/regulation/3))
[^c23369111]: Act modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [reg. 15](https://www.legislation.gov.uk/uksi/2006/3296/regulation/15) (as amended by [S.I. 2018/143](https://www.legislation.gov.uk/uksi/2018/143), [regs. 1](https://www.legislation.gov.uk/uksi/2018/143/regulation/1), [10(1)](https://www.legislation.gov.uk/uksi/2018/143/regulation/10/1))
[^c23369121]: Act modified (with effect in accordance with Sch. 4 para. 2(2)-(4) of the modifying Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/4/paragraph/3)
[^c23369131]: Act modified (14.8.2007 with effect in accordance with reg. 1(2)(3) of the modifying S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 3-12](https://www.legislation.gov.uk/uksi/2007/2145/regulation/3)
[^c23369141]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [art. 3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^c23376051]: Act applied (1.4.2010 with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 853](https://www.legislation.gov.uk/ukpga/2010/4/section/853)
[^c23376061]: Act amended by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 8 para. 8(2)(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/8/paragraph/8/2/4)
[^c23376071]: Act amended (2006-07) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/3/5)
[^c23376081]: Act applied (with modifications) (1.10.2010) by [The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) (No. 2) Regulations 2010 (S.I. 2010/1907)](https://www.legislation.gov.uk/uksi/2010/1907), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/1/2), [16(2)(c)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/16/2/c), [Sch. 2](https://www.legislation.gov.uk/uksi/2010/1907/schedule/2)
[^c23376091]: Act amended by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 15 para. 17(4)(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/17/4/5)
[^c23339751]: [S. 1](https://www.legislation.gov.uk/ukpga/1988/1/section/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23341451]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23333701]: Words in [s. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23346411]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346511]: [S. 2](https://www.legislation.gov.uk/ukpga/1988/1/section/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346521]: [S. 3](https://www.legislation.gov.uk/ukpga/1988/1/section/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346531]: [S. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21819211]: [S. 5](https://www.legislation.gov.uk/ukpga/1988/1/section/5) repealed (with effect in accordance with s. 199(2) and Sch. 26 Pt. 5(23) Note 2 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21825951]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/1)
[^c21825991]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/5)
[^c23333851]: [S. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568351]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 206(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/2)
[^c21856731]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 138](https://www.legislation.gov.uk/ukpga/1996/8/section/138), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/10), [Sch. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41)
[^c23333181]: [S. 9](https://www.legislation.gov.uk/ukpga/1988/1/section/9) restricted (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 881](https://www.legislation.gov.uk/ukpga/2005/5/section/881), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333911]: [S. 9(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21797811]: [S. 10](https://www.legislation.gov.uk/ukpga/1988/1/section/10) repealed (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Part 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23332881]: [S. 11(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/1) substituted for s. 11(1)(2) (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/1)
[^c21797551]: [S. 12(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5A) inserted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/3)
[^c23332941]: [S. 12(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5B) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/3)
[^c23332981]: [S. 12(7ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7ZA) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/5)
[^c21568561]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.48](https://www.legislation.gov.uk/ukpga/1990/29/section/48), [Sch.9 para.3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/3) (in relation to transfers of business on or after 1.11.1990)
[^c21797651]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B) inserted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/3)
[^c23347301]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B): words and definition of "contracts of long-term insurance" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23347281]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B): definition of "insurance business transfer scheme" repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/a), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23334011]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/3)
[^c23347321]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/2)
[^c23334401]: [S. 12(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/9) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/2)
[^c23332901]: [S. 11AA](https://www.legislation.gov.uk/ukpga/1988/1/section/11AA) inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/2)
[^c23334461]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/1), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c23334481]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568801]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) inserted (in relation to accounting periods beginning after 31 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 105(2)(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/105/2/3)
[^c21827251]: [S. 13ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/13ZA) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/5)
[^c21827181]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) inserted (with effect in accordance with [s. 28(6)(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6/7) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/1)
[^c23333081]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(1)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/1/6)
[^c21569071]: [S. 16](https://www.legislation.gov.uk/ukpga/1988/1/section/16) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s.148, Sch.14 Pt. V
[^c22720791]: [S. 17](https://www.legislation.gov.uk/ukpga/1988/1/section/17) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/3), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c23332861]: [S. 19](https://www.legislation.gov.uk/ukpga/1988/1/section/19) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/6), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23334161]: [S. 20](https://www.legislation.gov.uk/ukpga/1988/1/section/20) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/10), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21856511]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c23348301]: [S. 21](https://www.legislation.gov.uk/ukpga/1988/1/section/21) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821321]: [S. 22](https://www.legislation.gov.uk/ukpga/1988/1/section/22) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21821331]: [S. 23](https://www.legislation.gov.uk/ukpga/1988/1/section/23) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21856541]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21856581]: [S. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/5) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21802491]: [S. 25](https://www.legislation.gov.uk/ukpga/1988/1/section/25) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 25 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/6), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c21794351]: [S. 26](https://www.legislation.gov.uk/ukpga/1988/1/section/26) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21797681]: [S. 27](https://www.legislation.gov.uk/ukpga/1988/1/section/27) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21802381]: [S. 28](https://www.legislation.gov.uk/ukpga/1988/1/section/28) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 28 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 9](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/9), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802421]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/b); and s. 29 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/10), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802561]: [S. 31](https://www.legislation.gov.uk/ukpga/1988/1/section/31) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(c)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/c); and s. 31 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/12), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c23348321]: [S. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348341]: [S. 31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21859681]: [S. 32](https://www.legislation.gov.uk/ukpga/1988/1/section/32) repealed (with effect as mentioned in Sch. 15 para. 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 85](https://www.legislation.gov.uk/ukpga/1997/16/section/85), [113](https://www.legislation.gov.uk/ukpga/1997/16/section/113), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/1), [Sch. 18 Pt. 06(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/06/11), Note
[^c21805361]: [S. 33](https://www.legislation.gov.uk/ukpga/1988/1/section/33) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(d)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/d); and s. 33 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/13), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23351661]: [Ss. 31ZA-31ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/31ZA) inserted (with effect in accordance with [s. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/1); [S.I. 2008/1521](https://www.legislation.gov.uk/uksi/2008/1521), [art. 2](https://www.legislation.gov.uk/uksi/2008/1521/article/2)
[^c23348211]: [Ss. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A), [31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) inserted (with effect in accordance with [s. 143(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 143(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/1)
[^c21569941]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856701]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33A repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569951]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856711]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33B repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569931]: [Ss. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A), [33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21794741]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/2), (with Sch. 5 para. 73)
[^c21797751]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805391]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23350011]: [S. 37A](https://www.legislation.gov.uk/ukpga/1988/1/section/37A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/21) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21812971]: [S. 41](https://www.legislation.gov.uk/ukpga/1988/1/section/41) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(g)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/g); and s. 41 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 21](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/21), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42): words in sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351681]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/7), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23367571]: [S. 43](https://www.legislation.gov.uk/ukpga/1988/1/section/43) repealed (with effect in accordance with s. 40(3) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/3), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16), Note 1
[^c22720821]: Cross-heading before s. 40 substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 19](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/19), (with Sch. 5 para. 73)
[^c21853711]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/1)
[^c23351581]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351601]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351611]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351621]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351631]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351641]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351651]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21858801]: [Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/2) heading substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21821821]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) and cross-heading inserted (with effect in accordance with [s. 110(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s.110(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/1)
[^c21820321]: [S. 44](https://www.legislation.gov.uk/ukpga/1988/1/section/44) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/7), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820341]: [S. 45](https://www.legislation.gov.uk/ukpga/1988/1/section/45) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/8), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820351]: [S. 47](https://www.legislation.gov.uk/ukpga/1988/1/section/47) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 154(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/7), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/1), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note (with s. 154(2)-(6))
[^c21820361]: [S. 48](https://www.legislation.gov.uk/ukpga/1988/1/section/48) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/9), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353441]: [S. 49(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/1) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353461]: Words in [s. 49(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/2) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21825931]: [S. 49(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/3) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/10) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353481]: [S. 49(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/4) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353821]: [S. 50](https://www.legislation.gov.uk/ukpga/1988/1/section/50) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23353851]: [S. 51](https://www.legislation.gov.uk/ukpga/1988/1/section/51) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23353861]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21821591]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) repealed (with effect in accordance with s. 37(8) and Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 37(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/5), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c22720841]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) repealed (with effect in accordance with s. 37(3) of the repealing Act and [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619)) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 37(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3), Note
[^c21853451]: [S. 52](https://www.legislation.gov.uk/ukpga/1988/1/section/52) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/12), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21821761]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 155](https://www.legislation.gov.uk/ukpga/1996/8/section/155)
[^c21821341]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 77](https://www.legislation.gov.uk/ukpga/1995/4/section/77)
[^c21821641]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/78/1)
[^c21858881]: [Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/3) heading substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/32) of the amending Act) by Finance Act 1996, s. 79, Sch. 7 para. 6 (with Sch. 7 paras. 33-35)
[^c21570721]: [S. 54](https://www.legislation.gov.uk/ukpga/1988/1/section/54) repealed (15.3.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/5), Note 2
[^c21570891]: SOURCE-1973 s. 26(1)
[^c21570901]: SOURCE-1974 s. 30(1)
[^c23354491]: [S. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458](https://www.legislation.gov.uk/ukpga/2002/29/section/458), [Sch. 10 para. 6](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/6) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21570921]: SOURCE-1973 s. 26(1); 1974 s. 30(1)
[^c23358071]: Word in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570931]: SOURCE-1973 s. 26(1)(a)(b); 1975 (No. 2) s. 50(1)
[^c23358131]: Words in [s. 56(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358171]: Word in [s. 56(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376221]: Words in [s. 56(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21570941]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/2)
[^c21861011]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c21833011]: [S. 56(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4A/4B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/6) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21570961]: SOURCE-1973 s. 26(4); 1974 s. 30(2), (1); 1968 s. 55(3); 1979(C) Sch. 7
[^c21570971]: Words in [s. 56(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/3) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21570981]: [S. 56A](https://www.legislation.gov.uk/ukpga/1988/1/section/56A) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21833031]: [S. 57](https://www.legislation.gov.uk/ukpga/1988/1/section/57) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23354511]: [S. 58](https://www.legislation.gov.uk/ukpga/1988/1/section/58) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/8), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358211]: [S. 59(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358261]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358281]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358291]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358301]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358311]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358321]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825631]: [S. 62A](https://www.legislation.gov.uk/ukpga/1988/1/section/62A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 203](https://www.legislation.gov.uk/ukpga/1994/9/section/203) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c21825691]: [S. 63A](https://www.legislation.gov.uk/ukpga/1988/1/section/63A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 205](https://www.legislation.gov.uk/ukpga/1994/9/section/205) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c23358331]: [S. 64](https://www.legislation.gov.uk/ukpga/1988/1/section/64) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/37), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358341]: [S. 65](https://www.legislation.gov.uk/ukpga/1988/1/section/65) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/38), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358351]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/39), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825861]: [S. 66](https://www.legislation.gov.uk/ukpga/1988/1/section/66) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c21825871]: [S. 67](https://www.legislation.gov.uk/ukpga/1988/1/section/67) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c23358361]: [S. 68](https://www.legislation.gov.uk/ukpga/1988/1/section/68) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/40), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358371]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358381]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358391]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827571]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) inserted (with effect in accordance with [s. 41(5)-(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/2)
[^c23354551]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358421]: [S. 69](https://www.legislation.gov.uk/ukpga/1988/1/section/69) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/42), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853521]: [S. 70A](https://www.legislation.gov.uk/ukpga/1988/1/section/70A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23358431]: [S. 71](https://www.legislation.gov.uk/ukpga/1988/1/section/71) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/43), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827631]: [S. 73](https://www.legislation.gov.uk/ukpga/1988/1/section/73) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(09)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/09), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c23356451]: [S. 75A](https://www.legislation.gov.uk/ukpga/1988/1/section/75A) inserted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 39](https://www.legislation.gov.uk/ukpga/2004/12/section/39)
[^c23356471]: [S. 75B](https://www.legislation.gov.uk/ukpga/1988/1/section/75B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/1) (with [s. 45(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/2/3))
[^c23393711]: [S. 76ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZD) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 34](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/34) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393731]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 35](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/35) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393751]: [S. 76ZG](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZG) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/37) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393771]: [S. 76ZH](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZH) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/38) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393791]: [S. 76ZI](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZI) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/39) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393811]: [S. 76ZJ](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZJ) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/40) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393831]: [S. 76ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZM) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/43) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418101]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23404441]: [S. 76ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZO) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/45) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21848981]: [S. 95](https://www.legislation.gov.uk/ukpga/1988/1/section/95) sidenote substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/9)
[^c23385091]: [S. 95ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/95ZA) inserted (with effect in accordance with [Sch. 17 para. 16(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 16(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/1)
[^c23358691]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/75), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358711]: [S. 96](https://www.legislation.gov.uk/ukpga/1988/1/section/96) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 76](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/76), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853681]: [S. 98](https://www.legislation.gov.uk/ukpga/1988/1/section/98) substituted (17.3.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(1)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/1/3) (with [s. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/4))
[^c21860731]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/1)
[^c23393581]: [S. 76ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZA) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/31) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393601]: [S. 76ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZB) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 32](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/32) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393621]: [S. 76ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZC) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/33) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393641]: [S. 76ZF](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZF) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/36) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418091]: [S. 76ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZK) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/41) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393691]: [S. 76ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZL) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/42) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21853821]: Words in [s. 104](https://www.legislation.gov.uk/ukpga/1988/1/section/104) sidenote repealed (with effect in accordance with Sch. 27 Pt. 3(6) Note of the repealing act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23359051]: [S. 107](https://www.legislation.gov.uk/ukpga/1988/1/section/107) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/86), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359071]: [S. 108](https://www.legislation.gov.uk/ukpga/1988/1/section/108) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 87](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/87), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359081]: [S. 109](https://www.legislation.gov.uk/ukpga/1988/1/section/109) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/88), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376901]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/11), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23359171]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423311]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852201]: Words in [Pt. 4 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/6) heading repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c21829351]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) and preceding cross-heading inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/1)
[^c21829571]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading inserted (with effect in accordance with [s. 124(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/1)
[^c21821431]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) substituted (with effect in accordance with s. 215(4)(5) of the 1994 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/1) (as amended (retrospectively) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 117(1)(a)(2)(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/117/1/a/2/4)) (with Sch. 20)
[^c23359181]: [S. 111(2)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359311]: [S. 112](https://www.legislation.gov.uk/ukpga/1988/1/section/112) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/93), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359331]: [S. 113](https://www.legislation.gov.uk/ukpga/1988/1/section/113) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 94](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/94), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376911]: [S. 117](https://www.legislation.gov.uk/ukpga/1988/1/section/117) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 13](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/13), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376741]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376761]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376771]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376781]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376791]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376801]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376811]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376821]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/19), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376831]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/19), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376841]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/20), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376851]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/20), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21860551]: [Ss. 118ZA-118ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) and preceding cross-heading inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/1), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), [art. 2](https://www.legislation.gov.uk/uksi/2000/3316/article/2)
[^c23356701]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/1)
[^c23356721]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 125](https://www.legislation.gov.uk/ukpga/2004/12/section/125)
[^c23357871]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) and preceding cross-heading inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(1)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/1/5)
[^c23472581]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472601]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472611]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472621]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472631]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472641]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472651]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472661]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472671]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472681]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472691]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472701]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c21835151]: [S. 123](https://www.legislation.gov.uk/ukpga/1988/1/section/123) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/13), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21858771]: [S. 124](https://www.legislation.gov.uk/ukpga/1988/1/section/124) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 2
[^c23357911]: [S. 125](https://www.legislation.gov.uk/ukpga/1988/1/section/125) title substituted (retrospective to 2.12.2004) by virtue of [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/3)
[^c21846551]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c21846561]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c23359451]: [S. 127](https://www.legislation.gov.uk/ukpga/1988/1/section/127) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 108](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/108), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359471]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/109), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359481]: [S. 128(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/110), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861331]: [S. 128(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/2) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21847681]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847691]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23376641]: Words in [s. 129B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/2) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 6](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/6) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21847701]: Word in [s. 129B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/3) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847721]: [S. 129B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/4) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21574461]: Source—1970 s.304(5); 1980 Sch.11
[^c23356741]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130): definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/3)
[^c21574471]: [1985 c. 58](https://www.legislation.gov.uk/ukpga/1985/58).
[^c21847621]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/1)
[^c21832811]: [S. 129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) inserted (with application in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/1)
[^c21846631]: [S. 129B](https://www.legislation.gov.uk/ukpga/1988/1/section/129B) inserted (with effect in accordance with [s. 157(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 157(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/1)
[^c21832911]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/1)
[^c23390551]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390571]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390581]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390591]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390601]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390611]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390621]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390711]: [S. 140](https://www.legislation.gov.uk/ukpga/1988/1/section/140) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/17), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390631]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390641]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390651]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390661]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390671]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390681]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390691]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390701]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22206561]: [Ss. 140A-140C](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) inserted (with application in accordance with [s. 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/1)
[^c22206591]: [Ss. 140D-140F](https://www.legislation.gov.uk/ukpga/1988/1/section/140D) inserted (with application in accordance with [s. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/1)
[^c22206621]: [S. 140G](https://www.legislation.gov.uk/ukpga/1988/1/section/140G) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/52/1)
[^c22206641]: [S. 140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140H) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 53](https://www.legislation.gov.uk/ukpga/1998/36/section/53)
[^c23390721]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390731]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390741]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390751]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390761]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/20), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880731]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 132](https://www.legislation.gov.uk/ukpga/1994/9/section/132)
[^c23390771]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390781]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390791]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390801]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22171441]: [S. 146A](https://www.legislation.gov.uk/ukpga/1988/1/section/146A) inserted (with application in accordance with [s. 106(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 106(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/2)
[^c23390821]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390831]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390841]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390861]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390851]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392071]: [S. 152](https://www.legislation.gov.uk/ukpga/1988/1/section/152) sidenote substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/23) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22198641]: [S. 151A](https://www.legislation.gov.uk/ukpga/1988/1/section/151A) inserted (2.9.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/12); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(a)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/a)
[^c23390871]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390891]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390901]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390911]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390921]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390931]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21576141]: [S. 155A](https://www.legislation.gov.uk/ukpga/1988/1/section/155A) inserted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 21(1)(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/21/1/3)
[^c23390941]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390951]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390961]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390971]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390981]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390991]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391001]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577131]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391011]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577141]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391021]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577241]: [S. 159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/159AC) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 74(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/74/1/3)
[^c23391031]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23443291]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) inserted (1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 30(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/30/2/3)
[^c22222721]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) repealed (with effect in accordance with s. 44(6) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [ss. 44(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/2), [139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/9), Note
[^c23391051]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391061]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391071]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391081]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391091]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391101]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391111]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391121]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22226231]: [S. 155ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZA) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/2/1)
[^c22226281]: [S. 155ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZB) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/3/1)
[^c22222681]: [S. 155AA](https://www.legislation.gov.uk/ukpga/1988/1/section/155AA) inserted (with effect in accordance with [s. 44(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 44(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/1)
[^c22223051]: [S. 156A](https://www.legislation.gov.uk/ukpga/1988/1/section/156A) inserted (with application in accordance with [s. 45(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 45(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/1)
[^c21881581]: [S. 157A](https://www.legislation.gov.uk/ukpga/1988/1/section/157A) inserted (with effect in accordance with [s. 43(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 43(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/1)
[^c22226321]: [S. 161A](https://www.legislation.gov.uk/ukpga/1988/1/section/161A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/4/1)
[^c22226401]: [S. 161B](https://www.legislation.gov.uk/ukpga/1988/1/section/161B) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/1)
[^c23391131]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391141]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391151]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578161]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391161]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391171]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391181]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578171]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391191]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578181]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391201]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578191]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391211]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578201]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391221]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578211]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391231]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578221]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391241]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21881681]: [S. 168AA](https://www.legislation.gov.uk/ukpga/1988/1/section/168AA) inserted (with effect in accordance with [s. 44(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 44(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/2)
[^c22208041]: [S. 168AB](https://www.legislation.gov.uk/ukpga/1988/1/section/168AB) inserted (with effect in accordance with [s. 60(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/3)
[^c21575751]: [Pt. 5 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/5/chapter/2) heading substituted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 53(2)(a)](https://www.legislation.gov.uk/ukpga/1989/26/section/53/2/a)
[^c22204861]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204871]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204891]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204901]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204921]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204931]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204941]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204951]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204961]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c21578611]: [Ss. 177A](https://www.legislation.gov.uk/ukpga/1988/1/section/177A), [177B](https://www.legislation.gov.uk/ukpga/1988/1/section/177B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/3)
[^c22204971]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204981]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204991]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205011]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205021]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205031]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205041]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205061]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205071]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c23391251]: [S. 185](https://www.legislation.gov.uk/ukpga/1988/1/section/185) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 25](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/25), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22180871]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392841]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579481]: Source—1978 s.53(1)
[^c22225891]: Words in [s. 186(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/3)
[^c21579491]: Source—1978 s.53(3)
[^c21579501]: Words in [s. 186(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/2/b) substituted (in respect of acquisitions of shares on or after 26.10.1987) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 89](https://www.legislation.gov.uk/ukpga/1988/39/section/89)
[^c21579511]: Source—1978 s.56(1); 1982 s.42(1)
[^c23392681]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392701]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579521]: Source—1978 s.55(1)
[^c23392781]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392801]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579531]: Source—1978 s.55(2)-(4)
[^c23392821]: Words in [s. 186(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/5/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579541]: Source—1978 s.55(5), (9)
[^c21579551]: Source—1978 s.55(7), (8)
[^c22194331]: [S. 186(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/a)
[^c22194351]: Words in [s. 186(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/c) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/b)
[^c21579561]: Source—1978 s.53(6)
[^c21579571]: Source—1978 s.56(6); 1980 s.46(6); 1982 s.42(2); 1985 s.45(4)
[^c22181271]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/a)
[^c22181311]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/b)
[^c22180881]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22181531]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114](https://www.legislation.gov.uk/ukpga/1996/8/section/114), [Sch. 16 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/5/1)
[^c23450551]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) continued so far as relating to APS schemes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23450491]: [S. 187(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/1)(6)(7) repealed (except so far as relating to profit sharing schemes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/27), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579891]: Source—1978 ss.53(2), 54(2), (4)(b), 6, 56(1), 57(1), (4), 61(1), Sch.9 1, 16; 1980 s.46(4), Sch.10 5(b), 8, 26(1); 1982 s.40(8); 1983 s.25(1); 1984 Sch.10 15(1), (2); 1985 s.45(2)
[^c21579901]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(13)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/13) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22162681]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "pensionable age" repealed (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [177](https://www.legislation.gov.uk/ukpga/1995/26/section/177), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(a)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/a), [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/1995/26/schedule/7/part/2)
[^c22180981]: Word in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (with effect in accordance with [s. 116(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/1)
[^c21579931]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (for the year 1991-92 and subsequent years of assessment) by virtue of [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 41(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/41/1/2)
[^c21579941]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "specified age" inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/4)
[^c21579951]: Source—1970 s.285(6); 1978 Sch.9 11(3)(b); 1980 Sch.10 26(2); 1984 Sch.10 4(4)
[^c21579961]: Words in [s. 187(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/3) substituted (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/9)
[^c21579981]: Source—1987 s.33(2)
[^c21579991]: Source—1978 s.61(4); 1983 s.25(2)
[^c21580001]: Source—1978 Sch.9 16; 1980 Sch.10 26(4); 1984 Sch.10 15(3)
[^c21580011]: Source—1978 Sch.9 17; 1980 Sch.10 26(5); 1984 Sch.10 15(4); 1986 s.23(5)
[^c21580021]: Source—1978 s.55(6)
[^c22181261]: [S. 187(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/8/b) and preceding word repealed (with effect in accordance with s. 117(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 117(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/2), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 1
[^c21580031]: Source—1978 s.61(2)
[^c21580041]: Source—1978 Sch.9 18; 1986 s.24(1)
[^c21580061]: [1969 c. 24](https://www.legislation.gov.uk/ukpga/1969/24). (N.I.).
[^c23391271]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217541]: [S. 188](https://www.legislation.gov.uk/ukpga/1988/1/section/188) repealed (with application in accordance with s. 58(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/9), Note
[^c23391281]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391291]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391301]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580261]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391311]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580271]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391321]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580251]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391331]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391341]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391351]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391361]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391371]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391381]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391391]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580471]: [S. 197A](https://www.legislation.gov.uk/ukpga/1988/1/section/197A) inserted (1988-89 and subsequent years of assessment) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 46(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/46/4)
[^c23391401]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391411]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391421]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391431]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22210541]: [S. 192A](https://www.legislation.gov.uk/ukpga/1988/1/section/192A) inserted (with effect in accordance with [s. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/2) (with [s. 63(6)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/6/7))
[^c22223731]: [Ss. 197AA](https://www.legislation.gov.uk/ukpga/1988/1/section/197AA), [197AB](https://www.legislation.gov.uk/ukpga/1988/1/section/197AB) inserted (with effect in accordance with [s. 48(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/1)
[^c22223961]: [S. 197AC](https://www.legislation.gov.uk/ukpga/1988/1/section/197AC) inserted (with effect in accordance with [s. 50(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/1)
[^c23391441]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391451]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391461]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391471]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391481]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22246071]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246081]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246091]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246101]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246111]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c23451201]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) and preceding cross-heading inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 23](https://www.legislation.gov.uk/ukpga/1990/29/section/23), [Sch. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/4)
[^c23391541]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580511]: [S. 197G](https://www.legislation.gov.uk/ukpga/1988/1/section/197G) and preceding cross-heading inserted (27.7.1993 with application for the year 1993-94 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 75(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/75/1/2)
[^c23391551]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217641]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) repealed (with effect in accordance with Sch. 27 Pt. 3(10) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/10)
[^c23391561]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391571]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391581]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391591]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391601]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391611]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391621]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391631]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391641]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391651]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391661]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391671]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391681]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391691]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391701]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580621]: [S. 201A](https://www.legislation.gov.uk/ukpga/1988/1/section/201A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 77](https://www.legislation.gov.uk/ukpga/1990/29/section/77)
[^c23391711]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391721]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22201701]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) inserted (with effect in accordance with [s. 62(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/2)
[^c22225281]: [S. 200ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/200ZA) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/1), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/2/1)
[^c22172491]: [S. 200AA](https://www.legislation.gov.uk/ukpga/1988/1/section/200AA) inserted (with effect in accordance with [s. 108(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/1)
[^c21881991]: [S. 200A](https://www.legislation.gov.uk/ukpga/1988/1/section/200A) inserted (with effect in accordance with [s. 93(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/4)
[^c22202021]: [Ss. 200B-200D](https://www.legislation.gov.uk/ukpga/1988/1/section/200B) inserted (with application in accordance with [s. 63(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 63(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/1)
[^c22226151]: [Ss. 200E-200H](https://www.legislation.gov.uk/ukpga/1988/1/section/200E), [200J](https://www.legislation.gov.uk/ukpga/1988/1/section/200J) inserted (with application in accordance with [s. 58(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/1)
[^c21881771]: [S. 201AA](https://www.legislation.gov.uk/ukpga/1988/1/section/201AA) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/1)
[^c22225981]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) and preceding cross-heading inserted (with application in accordance with [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1)
[^c22243601]: [Ss. 197AD-197AH](https://www.legislation.gov.uk/ukpga/1988/1/section/197AD) and preceding cross-heading inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/1)
[^c21580791]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37](https://www.legislation.gov.uk/ukpga/1989/26/section/37)
[^c23391731]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391751]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391761]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21581021]: [S. 203A](https://www.legislation.gov.uk/ukpga/1988/1/section/203A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/37/2/4/5)
[^c23391771]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391781]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391791]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391801]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391811]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391821]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391831]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391841]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391851]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391861]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391871]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391881]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391891]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391901]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391911]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391921]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391931]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391941]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391951]: [S. 207](https://www.legislation.gov.uk/ukpga/1988/1/section/207) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880581]: [S. 203B](https://www.legislation.gov.uk/ukpga/1988/1/section/203B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 125](https://www.legislation.gov.uk/ukpga/1994/9/section/125)
[^c21880611]: [Ss. 203C-203E](https://www.legislation.gov.uk/ukpga/1988/1/section/203C) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 126](https://www.legislation.gov.uk/ukpga/1994/9/section/126)
[^c21880631]: [S. 203F](https://www.legislation.gov.uk/ukpga/1988/1/section/203F) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 127](https://www.legislation.gov.uk/ukpga/1994/9/section/127)
[^c22212711]: [S. 203FA](https://www.legislation.gov.uk/ukpga/1988/1/section/203FA) inserted (with effect in accordance with [s. 66(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 66(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/1) (with [s. 66(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/3))
[^c22212731]: [S. 203FB](https://www.legislation.gov.uk/ukpga/1988/1/section/203FB) inserted (with effect in accordance with [s. 67(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/1) (with [s. 67(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/3))
[^c21880651]: [S. 203G](https://www.legislation.gov.uk/ukpga/1988/1/section/203G) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 128](https://www.legislation.gov.uk/ukpga/1994/9/section/128)
[^c21880671]: [S. 203H](https://www.legislation.gov.uk/ukpga/1988/1/section/203H) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 129](https://www.legislation.gov.uk/ukpga/1994/9/section/129)
[^c21880691]: [S. 203I](https://www.legislation.gov.uk/ukpga/1988/1/section/203I) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 130](https://www.legislation.gov.uk/ukpga/1994/9/section/130)
[^c21880711]: [Ss. 203J-203L](https://www.legislation.gov.uk/ukpga/1988/1/section/203J) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 131](https://www.legislation.gov.uk/ukpga/1994/9/section/131)
[^c22172581]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 110](https://www.legislation.gov.uk/ukpga/1996/8/section/110)
[^c21581121]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) inserted (27.7.1993 with application in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/1/2/5)
[^c21891631]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) repealed (with effect in accordance with s. 73 of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(1), Note 1
[^c23397491]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c22735901]: [Ss. 209A](https://www.legislation.gov.uk/ukpga/1988/1/section/209A), [209B](https://www.legislation.gov.uk/ukpga/1988/1/section/209B) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/2)
[^c23396591]: [S. 213A](https://www.legislation.gov.uk/ukpga/1988/1/section/213A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 13](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/13)
[^c23396991]: [S. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) and preceding cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22732941]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/8), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23395321]: [S. 232](https://www.legislation.gov.uk/ukpga/1988/1/section/232) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 117](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/117), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395341]: [S. 233](https://www.legislation.gov.uk/ukpga/1988/1/section/233) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/118), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21582241]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) inserted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/1/4).
[^c22736001]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736011]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736021]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c21892091]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) inserted (with effect in accordance with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/3) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 19(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/2)
[^c22734831]: [S. 231AA](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA) inserted (with effect in accordance with [s. 102(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/1)
[^c22734851]: [S. 231AB](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/2)
[^c22732961]: [S. 231B](https://www.legislation.gov.uk/ukpga/1988/1/section/231B) inserted (with effect in accordance with [s. 28(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/1)
[^c22769611]: [S. 238](https://www.legislation.gov.uk/ukpga/1988/1/section/238) repealed (with effect in accordance with Sch. 3 para. 11(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/11/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769621]: [S. 239](https://www.legislation.gov.uk/ukpga/1988/1/section/239) repealed (with effect in accordance with Sch. 3 para. 12(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/12/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 12(3)-(6))
[^c22769631]: [S. 240](https://www.legislation.gov.uk/ukpga/1988/1/section/240) repealed (with effect in accordance with Sch. 3 para. 13(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/13/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769641]: [S. 241](https://www.legislation.gov.uk/ukpga/1988/1/section/241) repealed (with effect in accordance with Sch. 3 para. 14(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/14/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769691]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769701]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769711]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769651]: [S. 245](https://www.legislation.gov.uk/ukpga/1988/1/section/245) repealed (with effect in accordance with Sch. 3 para. 15(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/15/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583181]: [Ss. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A), [245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) inserted (in relation to changes in ownership on or after 14 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 98](https://www.legislation.gov.uk/ukpga/1989/26/section/98)
[^c22769661]: [S. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A) repealed (with effect in accordance with Sch. 3 para. 16(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/16/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769671]: [S. 245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) repealed (with effect in accordance with Sch. 3 para. 17(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/17/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769681]: [S. 246](https://www.legislation.gov.uk/ukpga/1988/1/section/246) repealed (with effect in accordance with Sch. 3 para. 18(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/18/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23486901]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486921]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486931]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486941]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486951]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486961]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486971]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486981]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486991]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487001]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487011]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487021]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487031]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487041]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487051]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487061]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487071]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487081]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487091]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487101]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487111]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487121]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487131]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487141]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487151]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22735811]: [S. 247](https://www.legislation.gov.uk/ukpga/1988/1/section/247) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c22735831]: [S. 248](https://www.legislation.gov.uk/ukpga/1988/1/section/248) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23487221]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487241]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487251]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487261]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777131]: [S. 255](https://www.legislation.gov.uk/ukpga/1988/1/section/255) repealed (with effect in accordance with Sch. 3 para. 23(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 23(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/23/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23487161]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) and preceding cross-heading inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 34](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/34) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21868061]: [Pt. 6 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/5A) (ss. 246A-246Y) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/1)
[^c23398331]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408731]: Words in [s. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/5)
[^c21584501]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23408771]: Words in [s. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(9)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/9)
[^c23411161]: Words in [s. 257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/6)
[^c21584511]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23415291]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 34(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/34/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23411261]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(d)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/d)
[^c22733721]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733731]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733741]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21584921]: [S. 258](https://www.legislation.gov.uk/ukpga/1988/1/section/258) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c22734131]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734161]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734191]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c21585181]: [S. 261A](https://www.legislation.gov.uk/ukpga/1988/1/section/261A) inserted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734201]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734561]: [S. 262](https://www.legislation.gov.uk/ukpga/1988/1/section/262) repealed (with effect in accordance with s. 34(2), Sch. 20 Pt. 3(5) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 34(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/1), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5) (with [s. 34(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/3))
[^c21585271]: [S. 263](https://www.legislation.gov.uk/ukpga/1988/1/section/263) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585291]: [S. 264](https://www.legislation.gov.uk/ukpga/1988/1/section/264) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585671]: Source-1970 s.19(1); 1976 Sch.4 3(1)
[^c23412001]: Words in [s. 266(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 9](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/9) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585681]: Source-1970 s.19(2); 1976 s.36(5), Sch.4 3(2)
[^c22749841]: [S. 266(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/i/ii) substituted for s. 266(2)(a)-(iii) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/2)
[^c23411401]: Words in [s. 266(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/b/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/2)
[^c21585711]: Source-1970 s.19(3)(a)
[^c21585721]: Source-1970 s.19(4)
[^c21585731]: Source-1984 s.72(1)
[^c23414441]: Words in [s. 266(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/3/c) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585741]: Source-1970 s.19(3)(b)
[^c21585751]: Source-1976 Sch.4 4(1) 5; 1978 Sch.3 2; 1980 s.29(2)(b)
[^c21585761]: Words in [s. 266(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/5/a) substituted (from 6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c23414461]: [S. 266(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6/6A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585811]: Source-1976 Sch.4 4(2)
[^c23414491]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585821]: Source-1976 Sch.4 5A; 1978 Sch.3 5
[^c21585831]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/a)
[^c23411431]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/3)
[^c21585841]: Source-1970 s.19(4)(a), (c); 1971 Sch.3 11
[^c21585851]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21585861]: Source-1970 s.19(3)(i)(ii)
[^c21585871]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/b)
[^c23411451]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/a)
[^c23411471]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/b)
[^c21585881]: [S. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23487291]: Words in [s. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/7), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22749861]: [S. 266(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/14) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/3)
[^c22749881]: [1982 c. xiv](https://www.legislation.gov.uk/ukla/1982/14).
[^c23412021]: Words in [s. 266A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412041]: [S. 266A(3)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3) substituted for s. 266A(3)-(6) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585951]: Source-1970 s.21(1); 1976 Sch.4 21
[^c21585961]: Source-1970 s.21(3); 1975 Sch.2 6
[^c21585991]: Source-1970 s.21(5)
[^c22749951]: Word in [s. 274(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/274/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/20)
[^c23414611]: [Ss. 256A](https://www.legislation.gov.uk/ukpga/1988/1/section/256A), [256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/28) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22732361]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/1)
[^c23408751]: [S. 257AB](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [52](https://www.legislation.gov.uk/uksi/2005/3229/regulation/52)
[^c23403981]: [S. 266A](https://www.legislation.gov.uk/ukpga/1988/1/section/266A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/36) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21586011]: [S. 275](https://www.legislation.gov.uk/ukpga/1988/1/section/275) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23414161]: [S. 276](https://www.legislation.gov.uk/ukpga/1988/1/section/276) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/38), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414181]: [S. 277](https://www.legislation.gov.uk/ukpga/1988/1/section/277) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/39), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586191]: [S. 279](https://www.legislation.gov.uk/ukpga/1988/1/section/279) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 32](https://www.legislation.gov.uk/ukpga/1988/39/section/32), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586221]: [S. 280](https://www.legislation.gov.uk/ukpga/1988/1/section/280) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586251]: [S. 281](https://www.legislation.gov.uk/ukpga/1988/1/section/281) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23411661]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/b)
[^c23414191]: [S. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/41), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586291]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) inserted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 34](https://www.legislation.gov.uk/ukpga/1988/39/section/34)
[^c23414201]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/42), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414211]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/42), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586341]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488151]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488161]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488171]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488181]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488191]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23408611]: Words in [Pt. 7 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/2) heading inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [61](https://www.legislation.gov.uk/uksi/2005/3229/regulation/61)
[^c23415751]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 289(9) amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 16(1)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/16/1/a), [18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/18); and s. 289 further amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415771]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415781]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415791]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21587501]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 51(1)(b)
[^c22754161]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/5), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c23415811]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415821]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415831]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 291B amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415841]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415851]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 293 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415861]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415871]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415881]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415891]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 297 amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/1), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13), [Sch. 27 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/16), Note
[^c23415901]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 298 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/3)
[^c23415911]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 299 (as saved) applied (with modifications) by s. 149(1)(a) of that repealing Act
[^c21588241]: [S. 299A](https://www.legislation.gov.uk/ukpga/1988/1/section/299A) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/1/4)
[^c23415921]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415931]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415941]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415951]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415961]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415971]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415981]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415991]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416001]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416011]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23411881]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/c)
[^c23416021]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416031]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 304A amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/2), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23416041]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414221]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/43), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416051]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416061]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416071]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 308 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c22219051]: [S. 309](https://www.legislation.gov.uk/ukpga/1988/1/section/309) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/24), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c23416091]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416101]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416111]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 312 amended (as saved) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/44) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 312 further amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 16(1)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/16/1/b), [18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/18), [Sch. 27 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/16), Note; and s. 312 further amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(4)(5)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/4/5); and s. 312 further amended (as saved) (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/3)
[^c23488341]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22753141]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753161]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22754201]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22754221]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22784701]: [S. 299B](https://www.legislation.gov.uk/ukpga/1988/1/section/299B) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/1)
[^c22784761]: [S. 300A](https://www.legislation.gov.uk/ukpga/1988/1/section/300A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/16)
[^c22784781]: [S. 301A](https://www.legislation.gov.uk/ukpga/1988/1/section/301A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/18)
[^c22784801]: [S. 303AA](https://www.legislation.gov.uk/ukpga/1988/1/section/303AA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/20)
[^c22784741]: [S. 303A](https://www.legislation.gov.uk/ukpga/1988/1/section/303A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/3)
[^c22784721]: [S. 304A](https://www.legislation.gov.uk/ukpga/1988/1/section/304A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/1); and see also the s. 304A inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/1)
[^c22219151]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) inserted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/20)
[^c23398031]: [S. 313](https://www.legislation.gov.uk/ukpga/1988/1/section/313) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 39](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/39), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)(with Sch. 7)
[^c23407871]: [S. 314](https://www.legislation.gov.uk/ukpga/1988/1/section/314) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/128), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398051]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398061]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398071]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398081]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398091]: [S. 319](https://www.legislation.gov.uk/ukpga/1988/1/section/319) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 42](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/42), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23414231]: [S. 320](https://www.legislation.gov.uk/ukpga/1988/1/section/320) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/45), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23398101]: [S. 321](https://www.legislation.gov.uk/ukpga/1988/1/section/321) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 43](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/43), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407891]: [S. 322](https://www.legislation.gov.uk/ukpga/1988/1/section/322) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/129), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23414241]: [S. 323](https://www.legislation.gov.uk/ukpga/1988/1/section/323) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/46), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23407901]: [S. 324](https://www.legislation.gov.uk/ukpga/1988/1/section/324) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/130), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407911]: [S. 325](https://www.legislation.gov.uk/ukpga/1988/1/section/325) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/131), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407921]: [S. 326](https://www.legislation.gov.uk/ukpga/1988/1/section/326) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/132), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21589681]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407931]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488641]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407941]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407951]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488651]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407961]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407971]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407981]: [S. 327](https://www.legislation.gov.uk/ukpga/1988/1/section/327) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 134](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/134), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407991]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/135), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791041]: [S. 328](https://www.legislation.gov.uk/ukpga/1988/1/section/328) repealed (with effect in accordance with s. 68(3)-(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/2), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23408001]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408011]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408021]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791051]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791061]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791071]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c23398111]: [S. 330](https://www.legislation.gov.uk/ukpga/1988/1/section/330) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 46](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/46), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408031]: [S. 331](https://www.legislation.gov.uk/ukpga/1988/1/section/331) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 137](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/137), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408041]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/138), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398211]: [S. 332(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408051]: [S. 332(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 139](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/139), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791081]: [S. 332(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/paragraph/10)
[^c23398241]: [S. 332(3A)(3B)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23414291]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/47), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23408391]: [S. 333](https://www.legislation.gov.uk/ukpga/1988/1/section/333) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408091]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/142), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416121]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22211271]: [S. 326BB](https://www.legislation.gov.uk/ukpga/1988/1/section/326BB) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/62/2)
[^c22211341]: [S. 326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326D) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 63(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/63/4)
[^c23404461]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) inserted (with effect in accordance with [s. 175(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 175(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/1)
[^c22790871]: [Ss. 329AA](https://www.legislation.gov.uk/ukpga/1988/1/section/329AA), [329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329AB) inserted (with effect in accordance with [s. 150(2)-(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/1), [Sch. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/26)
[^c22790761]: [Ss. 329A](https://www.legislation.gov.uk/ukpga/1988/1/section/329A), [329B](https://www.legislation.gov.uk/ukpga/1988/1/section/329B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 142](https://www.legislation.gov.uk/ukpga/1995/4/section/142)
[^c22790851]: [S. 329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329C) inserted (8.11.1995) by [Criminal Injuries Compensation Act 1995 (c. 53)](https://www.legislation.gov.uk/ukpga/1995/53), [s. 8](https://www.legislation.gov.uk/ukpga/1995/53/section/8)
[^c22790991]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 60](https://www.legislation.gov.uk/ukpga/1999/16/section/60)
[^c22790781]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/1)
[^c22211361]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/64/1)
[^c22790951]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/77/1)
[^c23414251]: [S. 334](https://www.legislation.gov.uk/ukpga/1988/1/section/334) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 48](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/48), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414271]: [S. 335](https://www.legislation.gov.uk/ukpga/1988/1/section/335) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 49](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/49), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414281]: [S. 336](https://www.legislation.gov.uk/ukpga/1988/1/section/336) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 50](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/50), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426611]: [S. 338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338B) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23499091]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) inserted (in relation to accounting periods ending on or after 1 October 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 27(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/27/3/4)
[^c21591041]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) repealed (in relation to accounting periods beginning on or after 19.3.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 71(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/71/1/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 5; and s. 339A modified in its application to accounting periods beginning before 19.3.1991 and ending on or after that date by s. 71(4) of that repealing Act
[^c22754351]: [S. 340](https://www.legislation.gov.uk/ukpga/1988/1/section/340) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22754381]: [S. 341](https://www.legislation.gov.uk/ukpga/1988/1/section/341) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22737451]: [Ss. 338-338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338) substituted for s. 338 (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/2)
[^c23426421]: [S. 342A](https://www.legislation.gov.uk/ukpga/1988/1/section/342A) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/3)
[^c23426871]: [S. 343ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/343ZA) inserted (with effect in accordance with [s. 89(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/1)
[^c23426771]: [S. 343A](https://www.legislation.gov.uk/ukpga/1988/1/section/343A) inserted (19.7.2007, the inserted subsections (2) and (3) having effect in accordance with [Sch. 6 para. 1(3)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/2)
[^c21591591]: [S. 345](https://www.legislation.gov.uk/ukpga/1988/1/section/345) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591611]: [S. 346](https://www.legislation.gov.uk/ukpga/1988/1/section/346) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591631]: [S. 347](https://www.legislation.gov.uk/ukpga/1988/1/section/347) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c23510671]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23438051]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) repealed (with effect in accordance with Sch. 5 para. 1(3)(5) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 1(2)(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/1/2/4), [Sch. 27 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/3), Note
[^c23510571]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23437281]: [S. 347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 53](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/53), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437301]: [S. 348](https://www.legislation.gov.uk/ukpga/1988/1/section/348) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 54](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/54), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 348 amended (6.4.2007) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 62](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/62), [64(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/2), [Sch. 11 Pt. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/4), Note 1
[^c23437311]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 55](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/55), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 349 amended (6.4.2007) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 62](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/62), [64(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/2), [Sch. 11 Pt. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/4), Note 1
[^c23437321]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/56), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437331]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437341]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437351]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437361]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437371]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 58](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/58), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437381]: [S. 350](https://www.legislation.gov.uk/ukpga/1988/1/section/350) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/59), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437391]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 60](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/60), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23513371]: [S. 351](https://www.legislation.gov.uk/ukpga/1988/1/section/351) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 36(6), Sch.14 Part IV, Note 5 (with s. 36(3))
[^c23437401]: [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 61](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/61), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23428261]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/149) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22742051]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) inserted (with application in accordance with [s. 85(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/1)
[^c22742571]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/1)
[^c22741721]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/4)
[^c22738711]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 123](https://www.legislation.gov.uk/ukpga/1995/4/section/123), [Sch. 22 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/2)
[^c22740501]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/1)
[^c22737861]: [S. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/1)
[^c23437491]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23428351]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23437591]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22737881]: [S. 353(1A)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/2)
[^c23437691]: [S. 353(1A)-(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) substituted for s. 353(1A) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437511]: [S. 353(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22738621]: [S. 353(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1C/1D) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c23437531]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437631]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437651]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22766321]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738681]: [S. 353(1E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c23437671]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437551]: [S. 353(1F)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1F) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21593131]: Source-1986 s.26(1)
[^c21593141]: Source-1972 s.75(1A), (2); 1974 s.19(1)(b)
[^c22737901]: [S. 353(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/4/5) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/3), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22740541]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740561]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740571]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593721]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740581]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593732]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4); and s. 356B substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/14)
[^c22740591]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593761]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740601]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766331]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740611]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740621]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594001]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740631]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517651]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740641]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517661]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740651]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740661]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23437411]: [S. 359](https://www.legislation.gov.uk/ukpga/1988/1/section/359) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 63](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/63), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437421]: [S. 360](https://www.legislation.gov.uk/ukpga/1988/1/section/360) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/64), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594191]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/48/2)
[^c23437431]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/65), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437441]: [S. 361](https://www.legislation.gov.uk/ukpga/1988/1/section/361) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 66](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/66), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437451]: [S. 362](https://www.legislation.gov.uk/ukpga/1988/1/section/362) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 67](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/67), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437461]: [S. 363](https://www.legislation.gov.uk/ukpga/1988/1/section/363) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 68](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/68), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437471]: [S. 364](https://www.legislation.gov.uk/ukpga/1988/1/section/364) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 69](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/69), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594501]: Source-1974 Sch.1 24; 1984 s.22(3)
[^c22740671]: [S. 365(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/aa) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/1)
[^c22740711]: Words in [s. 365(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/d) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/2)
[^c22740691]: [S. 365(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AA) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/2)
[^c22740751]: [S. 365(1AB)-(1AD)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AB) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/3)
[^c21594511]: [S. 365(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A/1B) inserted (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 57(3)(5)(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/57/3/5/6)
[^c22740731]: [S. 365(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A) substituted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/4)
[^c22741761]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/a)
[^c22741781]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/b)
[^c21594531]: Source-1972 Sch.10 7; 1974 Sch.1 25(1)
[^c23437701]: Words in [s. 366(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/366/1/c) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 70](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/70), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594541]: Source-1972 Sch.10 8, 9
[^c22740771]: [S. 367(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23437721]: [S. 367(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/71), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594731]: [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1988-89) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 41](https://www.legislation.gov.uk/ukpga/1988/39/section/41) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1989-90) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 46](https://www.legislation.gov.uk/ukpga/1989/26/section/46) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1990-91) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 71](https://www.legislation.gov.uk/ukpga/1990/29/section/71) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1991-92) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 26](https://www.legislation.gov.uk/ukpga/1991/31/section/26) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(4)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/4) (with [s. 10(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/5)) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1993-94) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 55](https://www.legislation.gov.uk/ukpga/1993/34/section/55) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 80](https://www.legislation.gov.uk/ukpga/1994/9/section/80) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 76](https://www.legislation.gov.uk/ukpga/1996/8/section/76) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1997-98) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 57](https://www.legislation.gov.uk/ukpga/1997/16/section/57) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1998-99) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 16](https://www.legislation.gov.uk/ukpga/1997/58/section/16) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1999-2000) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 37](https://www.legislation.gov.uk/ukpga/1999/16/section/37)
[^c21594751]: Source-1972 Sch.9 5(1A); 1984 s.22(1)(c)
[^c22740841]: Words in [s. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/4)
[^c23437481]: [S. 368](https://www.legislation.gov.uk/ukpga/1988/1/section/368) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 72](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/72), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23438171]: [S. 367A](https://www.legislation.gov.uk/ukpga/1988/1/section/367A) inserted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/47) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c22740881]: [S. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) excluded (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(2)-(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/2)
[^c21594981]: Source-1982 s.26(1), (2)
[^c22738251]: Words in [s. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/3)
[^c22740901]: [S. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4)
[^c22741801]: Words in [s. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/3)
[^c22738291]: [S. 369(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/3) substituted for s. 369(3)-(5B) (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/4)
[^c21595061]: Source-1982 s.26(7)
[^c21595071]: [S. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 58(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/58/1/2)
[^c22739921]: [S. 369(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/a) substituted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/a)
[^c22739941]: Words in [s. 369(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/b) inserted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/b)
[^c22739961]: Words in [s. 369(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/c)
[^c22739901]: Words in [s. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/d)
[^c22739981]: [S. 369(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/8/9) inserted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/3)
[^c21595181]: Source-1982 Sch.7 2(1)-(3)
[^c22741051]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/a)
[^c22740921]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22738311]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/a)
[^c22740941]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766391]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/b)
[^c23428491]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 155](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/155) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22740991]: [S. 370(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/c) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741001]: [S. 370(3)(4)(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4/6/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/4), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595261]: Source-1982 Sch.7 3(1)-(3)
[^c22741071]: Words in [s. 370(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/5)
[^c22738331]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/2)
[^c22739101]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21595301]: [S. 371](https://www.legislation.gov.uk/ukpga/1988/1/section/371) repealed (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c22741091]: [S. 372](https://www.legislation.gov.uk/ukpga/1988/1/section/372) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595331]: Source-1982 Sch.7 5(1)-(3); 1985 s.37(2)
[^c22741111]: Words in [s. 373(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741131]: [S. 370(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595421]: Source-1982 Sch.7 5(4); 1983 s.17(2); 1985 s.37(3)
[^c22741161]: Words in [s. 373(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/5) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/c), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595431]: Source-1982 Sch.7 6(1), (2)
[^c22741201]: Words in [s. 373(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/6) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/3)
[^c22741181]: Words in [s. 373(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/d), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595441]: Source-1982 Sch.7 7(1)(a)-(c)
[^c22741221]: [S. 374(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/1/c) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595461]: Source-1982 Sch.7 7(1)(d), (4), (5)
[^c21595471]: Source-1982 Sch.7 7(2)(3)
[^c22741241]: Words in [s. 374(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740041]: Words in [s. 374A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/374A/4) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/7), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21595481]: Source-1982 Sch.7 8
[^c22739311]: [S. 375(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/2/aa) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/2)
[^c22738351]: Words in [s. 375(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/3) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/11)
[^c22739331]: [S. 375(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4/4A) substituted for s. 375(4) (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/3)
[^c22740001]: Words in [s. 375(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4) substituted (with effect in accordance with [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/8)
[^c21595491]: Source-1982 Sch.7 9(1)
[^c21595501]: Source-1982 Sch.7 10(1), (2)
[^c21595511]: Source-1982 Sch.7 11
[^c22739351]: [S. 375(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/4)
[^c22741301]: [S. 375(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8B) inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/1)
[^c22741321]: [S. 375(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/9/10) repealed (with effect in accordance with Sch. 4 para. 18(1) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 1
[^c22741261]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/10), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595831]: Source-1982 Sch.7 13
[^c23427621]: Words in [s. 376(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 52](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/52) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22741351]: Words in [s. 376(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/3) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595841]: Source-1982 Sch.7 14(1); 1983 s.17(3)
[^c22741981]: [S. 376(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/d) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [3(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/3/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22742071]: [S. 376(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/e) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/a)
[^c21595861]: [1985 c. 50](https://www.legislation.gov.uk/ukpga/1985/50).
[^c22742091]: [S. 376(4)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/g) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/b)
[^c21595881]: [1981 c.64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21595891]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c22740371]: [S. 376(4)(ka)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/ka) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140(2)](https://www.legislation.gov.uk/ukpga/1998/38/section/140/2), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 55](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/55); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22740411]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22740391]: [S. 376(4)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/n) repealed (1.10.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 152](https://www.legislation.gov.uk/ukpga/1998/38/section/152), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 18 Pt. 4](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/4); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 4](https://www.legislation.gov.uk/uksi/1998/2244/article/4)
[^c22742111]: [S. 376(4)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/p) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/c)
[^c21595911]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/3/3), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22742131]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/3)
[^c22738411]: [S. 376(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/5) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/1/b), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741371]: [S. 376(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/6) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22742151]: [S. 376A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376A/1A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 24](https://www.legislation.gov.uk/uksi/2001/3629/article/24)
[^c22741281]: [S. 377](https://www.legislation.gov.uk/ukpga/1988/1/section/377) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 12](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/12), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21596051]: Source-1982 s.29; 1984 s.56(2)
[^c22741391]: [S. 378(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/1/2/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741431]: Words in [s. 378(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/3) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/b)
[^c22742171]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "contracts of general insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 25](https://www.legislation.gov.uk/uksi/2001/3629/article/25)
[^c22738471]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "prescribed" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741461]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "qualifying lender" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766421]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "regulations" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741491]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "separated" inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/c)
[^c22739291]: [S. 374A](https://www.legislation.gov.uk/ukpga/1988/1/section/374A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/1)
[^c22739391]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/18)
[^c22738431]: [S. 376A](https://www.legislation.gov.uk/ukpga/1988/1/section/376A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/2)
[^c23428671]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23531921]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531941]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22747921]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) cross-heading substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/26) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23428521]: Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747971]: [S. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/27) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23531951]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531961]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531971]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22743591]: [S. 383](https://www.legislation.gov.uk/ukpga/1988/1/section/383) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c23531981]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531991]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532001]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532011]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532021]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532031]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532041]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532051]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532061]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22751071]: [S. 384A](https://www.legislation.gov.uk/ukpga/1988/1/section/384A) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/30) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23532071]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532131]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22744461]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) and preceding cross-heading inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/1)
[^c21597491]: [S. 394](https://www.legislation.gov.uk/ukpga/1988/1/section/394) repealed by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c23448621]: [S. 393B](https://www.legislation.gov.uk/ukpga/1988/1/section/393B) inserted (with effect in accordance with [s. 111(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/1)
[^c21597681]: Source—1973 s.26(2); 1974 s.30(2)
[^c23442991]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442951]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443011]: Words in [s. 398(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442971]: Words in [s. 398(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443031]: Words in [s. 398(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443051]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442201]: [S. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D) title substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/4)
[^c22747531]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22747551]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c23550511]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) inserted (with effect in accordance with [s. 101(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/1)
[^c22749731]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) repealed (with effect in accordance with s. 93(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/1), [Sch. 20 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/21), Note
[^c22749211]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22746631]: [Ss. 403A-403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/2)
[^c22750091]: [Ss. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D), [403E](https://www.legislation.gov.uk/ukpga/1988/1/section/403E) inserted (with effect in accordance with [Sch. 27 para. 6(1)(2)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/2/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/4)
[^c23441711]: [S. 403F](https://www.legislation.gov.uk/ukpga/1988/1/section/403F) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/1)
[^c23441721]: [S. 403G](https://www.legislation.gov.uk/ukpga/1988/1/section/403G) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/2)
[^c23550441]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/124) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23553461]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553471]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553481]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553491]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553501]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553511]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553521]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553531]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553541]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c21601071]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) inserted (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/2), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22857401]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c23572391]: [S. 431ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/431ZA) inserted (with effect in accordance with [Sch. 17 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/6/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/2)
[^c22769731]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) inserted (with application in accordance with [s. 143(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 143(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/4)
[^c22771491]: [Ss. 431B-431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/2)
[^c23595831]: [Ss. 431BA](https://www.legislation.gov.uk/ukpga/1988/1/section/431BA), [431BB](https://www.legislation.gov.uk/ukpga/1988/1/section/431BB) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23595851]: [S. 431EA](https://www.legislation.gov.uk/ukpga/1988/1/section/431EA) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22892971]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771701]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771801]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c23632011]: [S. 432D](https://www.legislation.gov.uk/ukpga/1988/1/section/432D) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/18), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22771831]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771871]: [S. 433](https://www.legislation.gov.uk/ukpga/1988/1/section/433) repealed (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/5), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/2), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22771501]: Cross-heading before s. 432 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600591]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600611]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600631]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600551]: [S. 432YA](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA) inserted (8.1.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment No. 2) Order 2006 (S.I. 2006/3387)](https://www.legislation.gov.uk/uksi/2006/3387), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3387/article/1/1), [2](https://www.legislation.gov.uk/uksi/2006/3387/article/2)
[^c22787921]: [S. 432ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22801421]: [Ss. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA), [432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para 39](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/39) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23600641]: [S. 432CA](https://www.legislation.gov.uk/ukpga/1988/1/section/432CA) inserted (with effect in accordance with [s. 47(2)-(4)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/2) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 47(1)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/1)
[^c23600661]: [S. 432CB](https://www.legislation.gov.uk/ukpga/1988/1/section/432CB) inserted (with effect in accordance with [s. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/2) of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/1)
[^c22786571]: [S. 432F](https://www.legislation.gov.uk/ukpga/1988/1/section/432F) inserted (with effect in accordance with [Sch. 8 para. 53](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600531]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) inserted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 4](https://www.legislation.gov.uk/uksi/2004/3266/article/4)
[^c22772131]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/4)
[^c22789741]: [S. 434B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/1) repealed (with effect in accordance with s. 165(4)(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 165(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/165/3), [Sch. 41 Pt 5(25)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/25), Note (with Sch. 14 para. 24)
[^c22793981]: [S. 434B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/2) repealed (with effect in accordance with s. 67(7), Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/4), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22801521]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) repealed (with effect in accordance with Sch. 3 para. 26(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 26(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/26/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22808571]: [S. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22808591]: [S. 434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22772191]: [S. 435](https://www.legislation.gov.uk/ukpga/1988/1/section/435) repealed (with effect in accordance with s. 84(5)(b) of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/5), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22787941]: Words in [s. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23701351]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/24), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772551]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) inserted (2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/49/1); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22809031]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) repealed (with effect in accordance with s. 87(2)(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12)
[^c23701371]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/27), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701391]: [S. 438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 28](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/28), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701411]: [S. 439](https://www.legislation.gov.uk/ukpga/1988/1/section/439) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 29](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/29), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701471]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/7), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23701431]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 30](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/30), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772761]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c23701451]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 34](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/34), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772951]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799931]: [S. 441A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/1) repealed (with effect in accordance with Sch. 3 para. 9(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/9/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800001]: [S. 441A(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/2) repealed (with effect in accordance with Sch. 4 para. 28(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/28/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22789011]: [S. 441A(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/3) substituted for s. 441A(3)-(6) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/31) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23701571]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) repealed (13.8.2007 with effect in accordance with reg. 1(2) of the repealing S.I.) by [The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2007 (S.I. 2007/2086)](https://www.legislation.gov.uk/uksi/2007/2086), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/1/1), [6(2)(a)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/6/2/a)
[^c23701511]: [S. 443](https://www.legislation.gov.uk/ukpga/1988/1/section/443) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/d), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23701531]: [S. 444](https://www.legislation.gov.uk/ukpga/1988/1/section/444) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(e)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/e), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22773211]: [S. 444A](https://www.legislation.gov.uk/ukpga/1988/1/section/444A) inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/7) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/4)
[^c23701491]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/2), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22771511]: Cross-heading before s. 434 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23635511]: [Ss. 434AZA-434AZC](https://www.legislation.gov.uk/ukpga/1988/1/section/434AZA) inserted (with effect in accordance with [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 23 para. 3(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/1)
[^c22788051]: [S. 434B](https://www.legislation.gov.uk/ukpga/1988/1/section/434B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 21(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/21/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788071]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) inserted (with effect in accordance with Sch. 8 paras. 54, 57(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 22](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/22) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788091]: [Ss. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D), [434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 23(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/23/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633431]: [Ss. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A), [436B](https://www.legislation.gov.uk/ukpga/1988/1/section/436B) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/25) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22794081]: [S. 437A](https://www.legislation.gov.uk/ukpga/1988/1/section/437A) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/3)
[^c22808951]: [Ss. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B), [438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/5)
[^c22788421]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/26) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788441]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788951]: [S. 440B](https://www.legislation.gov.uk/ukpga/1988/1/section/440B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633451]: [S. 440C](https://www.legislation.gov.uk/ukpga/1988/1/section/440C) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/9) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23635311]: [S. 440D](https://www.legislation.gov.uk/ukpga/1988/1/section/440D) inserted (27.12.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [art. 3(2)](https://www.legislation.gov.uk/uksi/2007/3430/article/3/2)
[^c22789031]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 32](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/32) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789051]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 34](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/34) (with [Sch. 8 paras. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2), [57(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/2))
[^c23635331]: [Ss. 444AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZA), [444AZB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZB) inserted (19.2.2008 with effect in accordance with art. 1(5) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 9](https://www.legislation.gov.uk/uksi/2008/381/article/9)
[^c23633351]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) inserted (with effect in accordance with [Sch. 33 para. 18(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 18(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/1)
[^c23633371]: [S. 444AB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) inserted (with effect in accordance with [Sch. 33 para. 19(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 19(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/1)
[^c23633411]: [S. 444ABA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA) inserted (with effect in accordance with [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/1)
[^c23635531]: [S. 444ABAA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABAA) inserted (with effect in accordance with [s. 15(11)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/11) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 15(10)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/10)
[^c23633471]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635351]: [S. 444ABBA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABBA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 14](https://www.legislation.gov.uk/uksi/2008/381/article/14)
[^c23633491]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23633501]: [S. 444ABD](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABD) inserted (with effect in accordance with [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/5)
[^c23633391]: [Ss. 444AC-444AE](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) inserted (with effect in accordance with [Sch. 33 para. 20(3)(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/1)
[^c23633521]: [Ss. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC), [444ACZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACZA) substituted for s. 444AC (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/6/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23694771]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) inserted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 8(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/1)
[^c23635371]: [Ss. 444AECA-444AECC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AECA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 22](https://www.legislation.gov.uk/uksi/2008/381/article/22)
[^c23710481]: [S. 444AK](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK) heading substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by virtue of [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21603191]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c23710901]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21603181]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c.34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c22798771]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798781]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798791]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c21603311]: [S. 445](https://www.legislation.gov.uk/ukpga/1988/1/section/445) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/a/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603401]: [S. 446(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/1) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(b)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/b/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603411]: [S. 446(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/2/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/1/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603431]: [S. 446(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/4) repealed by [Finance Act 1990 (c. 29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 132](https://www.legislation.gov.uk/ukpga/1990/29/section/132), [Sch. 19 Pt. IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/IV).
[^c21603521]: [S. 447(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/1/2) and (4) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(c)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/c/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603541]: [S. 447(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 7(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603591]: [S. 448](https://www.legislation.gov.uk/ukpga/1988/1/section/448) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2)d), 213, Sch. 23 Pt.III (9), note
[^c21603611]: [S. 449](https://www.legislation.gov.uk/ukpga/1988/1/section/449) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(e)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/e),213, Sch. 23 Pt. III (9), note
[^c21603791]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12) notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21603971]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the repealing Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes. 1 and 5
[^c21604111]: SS. 450-457 repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604161]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), SCh. 23, Pt.III (12), notes 1 and 5)
[^c21604241]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604271]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604321]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604371]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c23711261]: [Ss. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/39), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23711281]: [Ss. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/39), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22885991]: [S. 458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/3)
[^c23572371]: [Ss. 444AF-444AL](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF) and preceding cross-heading inserted (with effect in accordance with [Sch. 11 para. 5(2)-(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/1)
[^c22798801]: [Ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) and preceding cross-heading inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 166](https://www.legislation.gov.uk/ukpga/1996/8/section/166), [Sch. 32 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/32/paragraph/1)
[^c21605821]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605831]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605841]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605921]: [S. 462A](https://www.legislation.gov.uk/ukpga/1988/1/section/462A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/2)
[^c21606481]: [S. 465A](https://www.legislation.gov.uk/ukpga/1988/1/section/465A) inserted (19.12.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.13](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/13), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717841]: [S. 461D](https://www.legislation.gov.uk/ukpga/1988/1/section/461D) inserted (with effect in accordance with [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/1)
[^c21607411]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(1)(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/1/5)
[^c22813161]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c21607421]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718801]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607461]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718821]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607491]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718841]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607511]: [S. 468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468D) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 79](https://www.legislation.gov.uk/ukpga/1989/26/section/79)
[^c23718861]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607561]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22790461]: [S. 468E](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c22790541]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c21607611]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753451]: [S. 468F](https://www.legislation.gov.uk/ukpga/1988/1/section/468F) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c21607651]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753471]: [S. 468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468G) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c23719061]: [S. 468A](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 16](https://www.legislation.gov.uk/ukpga/2005/22/section/16)
[^c22753401]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 111(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/111/2)
[^c23719691]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719711]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719721]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22800231]: [S. 468K](https://www.legislation.gov.uk/ukpga/1988/1/section/468K) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11)
[^c23719731]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719251]: [S. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M) substituted for ss. 468M, 468N (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/3)
[^c23719741]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719311]: Words in [s. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) sidenote inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/7)
[^c23719751]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719781]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719761]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719771]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719371]: [Ss. 468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA), [468PB](https://www.legislation.gov.uk/ukpga/1988/1/section/468PB) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(9)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/9)
[^c23719791]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22801151]: [S. 468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468R) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23721291]: [S. 470(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/1/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23)
[^c23721281]: [S. 470(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/2) ceased to have effect (29.4.1988) by virtue of s. 470(3) below and [S.I. 1988/745](https://www.legislation.gov.uk/uksi/1988/745), [art. 2](https://www.legislation.gov.uk/uksi/1988/745/article/2)
[^c22803971]: [S. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) inserted (with effect in accordance with [s. 68(3)-(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1)
[^c22801561]: [S. 471](https://www.legislation.gov.uk/ukpga/1988/1/section/471) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/1), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22801581]: [S. 472](https://www.legislation.gov.uk/ukpga/1988/1/section/472) repealed (with effect in accordance with s. 101(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/2), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 2
[^c22791901]: [S. 474(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/1/3) repealed (with effect in accordance with Sch. 7 para. 32-35, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 7 para. 18, Sch. 41 Pt. 5(2)
[^c22791931]: [S. 474(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/2) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/2), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22765331]: [S. 474(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/3) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/2)
[^c23721941]: [S. 472A](https://www.legislation.gov.uk/ukpga/1988/1/section/472A) inserted (with effect in accordance with [s. 54(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/54/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 54](https://www.legislation.gov.uk/ukpga/2004/12/section/54) (as amended (retrospectively) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7))
[^c22754241]: [Ss. 468H-468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) and cross-headings inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/2)
[^c23724591]: [S. 476](https://www.legislation.gov.uk/ukpga/1988/1/section/476) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/2), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724611]: [S. 477](https://www.legislation.gov.uk/ukpga/1988/1/section/477) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/3), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23722361]: Words in [s. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608281]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) inserted (with effect in accordance with [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 4(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/1)
[^c23724891]: [S. 478](https://www.legislation.gov.uk/ukpga/1988/1/section/478) repealed (with effect in accordance with s. 199(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23724911]: [S. 479](https://www.legislation.gov.uk/ukpga/1988/1/section/479) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/5), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724931]: [S. 480](https://www.legislation.gov.uk/ukpga/1988/1/section/480) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/6), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608511]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724751]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608531]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724771]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608541]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724731]: [S. 480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 185](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/185), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724791]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724811]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23723831]: [S. 483(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/483/1)(5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/12), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c22792181]: [S. 484](https://www.legislation.gov.uk/ukpga/1988/1/section/484) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22792201]: [S. 485](https://www.legislation.gov.uk/ukpga/1988/1/section/485) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21608391]: [S. 477B](https://www.legislation.gov.uk/ukpga/1988/1/section/477B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/3/1/2)
[^c23723881]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.75](https://www.legislation.gov.uk/ukpga/1991/31/section/75)
[^c22806081]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) repealed (with effect in accordance with s. 145(11), Sch. 40 Pt. 5 Note of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 145(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/145/10), [Sch. 40 Pt. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/5)
[^c23726811]: [S. 494](https://www.legislation.gov.uk/ukpga/1988/1/section/494) sidenote substituted (with effect in accordance with [s. 38(7)-(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/5)
[^c23728641]: [S. 496](https://www.legislation.gov.uk/ukpga/1988/1/section/496) sidenote substituted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/5)
[^c22801721]: [S. 497](https://www.legislation.gov.uk/ukpga/1988/1/section/497) repealed (with effect in accordance with Sch. 3 para. 29(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 29(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/29/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22801791]: [S. 498](https://www.legislation.gov.uk/ukpga/1988/1/section/498) repealed (with effect in accordance with Sch. 3 para. 30(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 30(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/30/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 30(3))
[^c22801801]: [S. 499](https://www.legislation.gov.uk/ukpga/1988/1/section/499) repealed (with effect in accordance with Sch. 3 para. 31(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/31/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804801]: [S. 494AA](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA) inserted (with application in accordance with [s. 100(2)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/2/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/1)
[^c22801441]: [S. 494A](https://www.legislation.gov.uk/ukpga/1988/1/section/494A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 30](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/30) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23726021]: [S. 496A](https://www.legislation.gov.uk/ukpga/1988/1/section/496A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/2)
[^c23726041]: [S. 496B](https://www.legislation.gov.uk/ukpga/1988/1/section/496B) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/2)
[^c22813751]: [S. 501A](https://www.legislation.gov.uk/ukpga/1988/1/section/501A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 91](https://www.legislation.gov.uk/ukpga/2002/23/section/91), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22813901]: [S. 501B](https://www.legislation.gov.uk/ukpga/1988/1/section/501B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 92(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/92/1), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22805801]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 98](https://www.legislation.gov.uk/ukpga/1999/16/section/98)
[^c23729321]: [S. 502GB](https://www.legislation.gov.uk/ukpga/1988/1/section/502GB) inserted (with effect in accordance with [Sch. 20 para. 9(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/6) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/3)
[^c23729341]: [S. 502GC](https://www.legislation.gov.uk/ukpga/1988/1/section/502GC) inserted (with effect in accordance with [Sch. 20 para. 9(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/4)
[^c23729361]: [S. 502GD](https://www.legislation.gov.uk/ukpga/1988/1/section/502GD) inserted (with effect in accordance with [Sch. 33 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/3) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/1)
[^c23729301]: [S. 502GA](https://www.legislation.gov.uk/ukpga/1988/1/section/502GA) and preceding cross-heading inserted (with effect in accordance with [Sch. 20 para. 9(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/2)
[^c23729851]: Words in [s. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802741]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 42](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/42) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23733051]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/93), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730861]: Words in [s. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731411]: [S. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) heading substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/g)
[^c23732981]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23733001]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c21610541]: [S. 510A](https://www.legislation.gov.uk/ukpga/1988/1/section/510A) inserted (retrospective to 1.7.1989) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 11 paras. 1](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/1), [5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/5)
[^c22809771]: [S. 511(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/1)(6) repealed (9.11.2001) by [Electricity Act 1989 (c. 29)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1989/29/section/113/2), [Sch. 18](https://www.legislation.gov.uk/ukpga/1989/29/schedule/18); [S.I. 2001/3419](https://www.legislation.gov.uk/uksi/2001/3419), [art. 2](https://www.legislation.gov.uk/uksi/2001/3419/article/2)
[^c21610641]: [S. 511(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/4/5) repealed (1.4.1992) by [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231), [art. 95(4)](https://www.legislation.gov.uk/nisi/1992/231/article/95/4), [Sch.14](https://www.legislation.gov.uk/nisi/1992/231/schedule/14); [S.R. 1992/117](https://www.legislation.gov.uk/nisr/1992/117), [art. 3(1)](https://www.legislation.gov.uk/nisr/1992/117/article/3/1)
[^c23732961]: [S. 512](https://www.legislation.gov.uk/ukpga/1988/1/section/512) repealed (with effect in accordance with s. 46(4)(c)-(e) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(c)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/c/d), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(7)); and s. 512(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23732941]: [S. 514](https://www.legislation.gov.uk/ukpga/1988/1/section/514) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 200](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/200), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733071]: [S. 515](https://www.legislation.gov.uk/ukpga/1988/1/section/515) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 102](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/102), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733091]: [S. 516](https://www.legislation.gov.uk/ukpga/1988/1/section/516) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/103), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611041]: [S. 519A](https://www.legislation.gov.uk/ukpga/1988/1/section/519A) inserted (17.9.1990) by [National Health Service and Community Care Act 1990 (c. 19)](https://www.legislation.gov.uk/ukpga/1990/19), [ss. 61(1)](https://www.legislation.gov.uk/ukpga/1990/19/section/61/1), [67(2)](https://www.legislation.gov.uk/ukpga/1990/19/section/67/2); [S.I. 1990/1329](https://www.legislation.gov.uk/uksi/1990/1329), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1990/1329/article/2/5/a), [Sch. 2](https://www.legislation.gov.uk/uksi/1990/1329/schedule/2)
[^c23729671]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 197](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/197) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729691]: [Ss. 506A-506C](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) inserted (with effect in accordance with [s. 54(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 54(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/1)
[^c22793631]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/1)
[^c23572351]: [Pt. 12 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5A) (ss. 502A-502L) inserted (with effect in accordance with [Sch. 8 para. 15](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/15) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/11)
[^c22781151]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781171]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781181]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781191]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734121]: Word in [s. 525](https://www.legislation.gov.uk/ukpga/1988/1/section/525) sidenote omitted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611301]: Source - 1970 s.384
[^c23734261]: [S. 527(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 108(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/108/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22771341]: [S. 527(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/3) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 5 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c23734281]: [S. 527(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 108(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/108/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23734951]: [S. 529](https://www.legislation.gov.uk/ukpga/1988/1/section/529) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/206), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781231]: [S. 530](https://www.legislation.gov.uk/ukpga/1988/1/section/530) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/47), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781731]: [S. 534](https://www.legislation.gov.uk/ukpga/1988/1/section/534) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781751]: [S. 535](https://www.legislation.gov.uk/ukpga/1988/1/section/535) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c23734971]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23734991]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22781771]: [S. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c23735011]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611651]: [Ss. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) and preceding cross-heading inserted (1.8.1989) by [Intellectual Property Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(6)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/6); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22781791]: [S. 538](https://www.legislation.gov.uk/ukpga/1988/1/section/538) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22797451]: [Pt. 13 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/1) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 20](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/20)
[^c23748731]: [S. 549](https://www.legislation.gov.uk/ukpga/1988/1/section/549) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 219](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/219), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748751]: [S. 550](https://www.legislation.gov.uk/ukpga/1988/1/section/550) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/220), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748771]: [S. 551](https://www.legislation.gov.uk/ukpga/1988/1/section/551) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/221), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782501]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23747361]: Words in [s. 552(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747041]: Words in [s. 552(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747101]: Words in [s. 552(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747121]: Words in [s. 552(5)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747141]: Words in [s. 552(5)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747161]: Words in [s. 552(5)(c)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/v) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747061]: [S. 552(5)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/e) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747081]: [S. 552(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747031]: [S. 552(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/5)
[^c23747181]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747221]: Words in [s. 552(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747321]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): words in definition of "amount" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747341]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): definition of "chargeable event" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747401]: [S. 552(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/13) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/2)
[^c23748321]: Words in [s. 552ZA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 223](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/223) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22780521]: [S. 522A](https://www.legislation.gov.uk/ukpga/1988/1/section/522A) restricted (6.4.1999) by [The Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881)](https://www.legislation.gov.uk/uksi/1999/881), [reg. 11(2)](https://www.legislation.gov.uk/uksi/1999/881/regulation/11/2)
[^c23748121]: Words in [s. 552A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22797621]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12) power exercised: 6.4.1999 appointed by [S.I. 1999/881](https://www.legislation.gov.uk/uksi/1999/881), [reg. 3](https://www.legislation.gov.uk/uksi/1999/881/regulation/3)
[^c23748061]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "capital redemption policy" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748081]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "contract for a life annuity" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748101]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "policy of life insurance" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782541]: [S. 552B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/2) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 19](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/19)
[^c23748261]: [S. 552B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748791]: [S. 554](https://www.legislation.gov.uk/ukpga/1988/1/section/554) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/229), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777841]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/3/2) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16))
[^c22780461]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 35(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/35/7), [36(3)-(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/36/3) (as amended by [The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174)](https://www.legislation.gov.uk/uksi/1998/3174), [reg. 12](https://www.legislation.gov.uk/uksi/1998/3174/regulation/12))
[^c22780481]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999 with effect in accordance with reg. 1 of the affecting S.I.) by [The Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029)](https://www.legislation.gov.uk/uksi/1999/1029), [reg. 6(2)-(8)](https://www.legislation.gov.uk/uksi/1999/1029/regulation/6/2) (as amended (6.4.2002) by [The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002 (S.I. 2002/455)](https://www.legislation.gov.uk/uksi/2002/455), [regs. 1](https://www.legislation.gov.uk/uksi/2002/455/regulation/1), [2](https://www.legislation.gov.uk/uksi/2002/455/regulation/2))
[^c23735051]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/3)
[^c23735061]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/15)
[^c23735091]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [2(1)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/2/1), [38(3)-(8)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/38/3); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23735101]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 14(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/14/5)
[^c23735131]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (with effect in accordance with Sch. 13 para. 5 of the modifying Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/2008/9/schedule/13/paragraph/6)
[^c23735071]: [S. 539ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/539ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23735031]: [S. 539A](https://www.legislation.gov.uk/ukpga/1988/1/section/539A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/2)
[^c22782261]: [S. 546A](https://www.legislation.gov.uk/ukpga/1988/1/section/546A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/9)
[^c22782281]: [Ss. 546B-546D](https://www.legislation.gov.uk/ukpga/1988/1/section/546B) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/10)
[^c22779141]: [S. 547A](https://www.legislation.gov.uk/ukpga/1988/1/section/547A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/2)
[^c23735111]: [Ss. 548A](https://www.legislation.gov.uk/ukpga/1988/1/section/548A), [548B](https://www.legislation.gov.uk/ukpga/1988/1/section/548B) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/1)
[^c22779161]: [Ss. 551A](https://www.legislation.gov.uk/ukpga/1988/1/section/551A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/3)
[^c22782521]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23748041]: [S. 552ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZB) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/10)
[^c22779181]: [Ss. 552A](https://www.legislation.gov.uk/ukpga/1988/1/section/552A), [552B](https://www.legislation.gov.uk/ukpga/1988/1/section/552B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 87](https://www.legislation.gov.uk/ukpga/1998/36/section/87)
[^c22779201]: [S. 553A](https://www.legislation.gov.uk/ukpga/1988/1/section/553A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/1)
[^c22779221]: [S. 553B](https://www.legislation.gov.uk/ukpga/1988/1/section/553B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/2)
[^c22779241]: [S. 553C](https://www.legislation.gov.uk/ukpga/1988/1/section/553C) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 89](https://www.legislation.gov.uk/ukpga/1998/36/section/89)
[^c23749241]: [S. 555](https://www.legislation.gov.uk/ukpga/1988/1/section/555) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 113](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/113), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22779781]: Word in [s. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) sidenote substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23749261]: [S. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/231), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749191]: [S. 558(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/558/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 115](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/115), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23749451]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749471]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749481]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749491]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749501]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c22775021]: [S. 563](https://www.legislation.gov.uk/ukpga/1988/1/section/563) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/5), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c23749521]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749531]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749541]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749551]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c22783081]: [S. 559A](https://www.legislation.gov.uk/ukpga/1988/1/section/559A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/1)
[^c21614031]: Source-1970 s.406
[^c23749561]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22779901]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21614041]: Source-1970 s.407; 1971 Sch.6 45
[^c21614051]: Source-1970 s.408
[^c22779911]: Words in [s. 570(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22776131]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776471]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/b)
[^c22776501]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/c)
[^c22776521]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) added (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/d)
[^c21614061]: Source-1970 s.409
[^c23749721]: [S. 571(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614071]: Source-1970 s.410
[^c23753491]: [S. 573](https://www.legislation.gov.uk/ukpga/1988/1/section/573) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753871]: Words in [s. 575](https://www.legislation.gov.uk/ukpga/1988/1/section/575) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753961]: [S. 575](https://www.legislation.gov.uk/ukpga/1988/1/section/575) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754011]: Words in [s. 576](https://www.legislation.gov.uk/ukpga/1988/1/section/576) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754301]: [S. 576](https://www.legislation.gov.uk/ukpga/1988/1/section/576) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754361]: [S. 576A](https://www.legislation.gov.uk/ukpga/1988/1/section/576A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/121) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754401]: [S. 576C](https://www.legislation.gov.uk/ukpga/1988/1/section/576C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754421]: [S. 576D](https://www.legislation.gov.uk/ukpga/1988/1/section/576D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/124) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754441]: [S. 576E](https://www.legislation.gov.uk/ukpga/1988/1/section/576E) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754461]: [S. 576F](https://www.legislation.gov.uk/ukpga/1988/1/section/576F) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 126](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/126) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754481]: [S. 576G](https://www.legislation.gov.uk/ukpga/1988/1/section/576G) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754501]: [S. 576H](https://www.legislation.gov.uk/ukpga/1988/1/section/576H) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/128) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754521]: [S. 576I](https://www.legislation.gov.uk/ukpga/1988/1/section/576I) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/129) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754581]: [S. 576K](https://www.legislation.gov.uk/ukpga/1988/1/section/576K) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/131) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754381]: [S. 576B](https://www.legislation.gov.uk/ukpga/1988/1/section/576B) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/122) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754541]: [S. 576J](https://www.legislation.gov.uk/ukpga/1988/1/section/576J) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/130) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754561]: [S. 576L](https://www.legislation.gov.uk/ukpga/1988/1/section/576L) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/132) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754331]: [S. 574](https://www.legislation.gov.uk/ukpga/1988/1/section/574) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/118), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614481]: [S. 577A](https://www.legislation.gov.uk/ukpga/1988/1/section/577A) inserted (with application in accordance with [s. 123(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/2) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 123(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/1/2)
[^c23762911]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762931]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762951]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762971]: [S. 581](https://www.legislation.gov.uk/ukpga/1988/1/section/581) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/241), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763031]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/133), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614611]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/1)
[^c23763051]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/135), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23762991]: [S. 583](https://www.legislation.gov.uk/ukpga/1988/1/section/583) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 244](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/244), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763011]: [S. 585](https://www.legislation.gov.uk/ukpga/1988/1/section/585) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 246](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/246), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614811]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/1) (with application as referred to in Sch. 12 para. 5 of that Act)
[^c23763071]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/136), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783241]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) sidenote substituted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/4)
[^c23762891]: [S. 589](https://www.legislation.gov.uk/ukpga/1988/1/section/589) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 68](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/68), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614841]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c21614851]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c23762491]: [S. 589B(1)-(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22782811]: [S. 589B(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/4/4A) substituted for s. 589B(4) (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 13](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/13)
[^c22781691]: [Ss. 578A](https://www.legislation.gov.uk/ukpga/1988/1/section/578A), [578B](https://www.legislation.gov.uk/ukpga/1988/1/section/578B) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 52](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/52) (with [Sch. 3 para. 113](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/113))
[^c22776541]: [Ss. 580A](https://www.legislation.gov.uk/ukpga/1988/1/section/580A), [580B](https://www.legislation.gov.uk/ukpga/1988/1/section/580B) inserted (with effect in accordance with [s. 143(2)-(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 143(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/1)
[^c23754861]: [S. 580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580C) inserted (with effect in accordance with [s. 147(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/3)
[^c23754881]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 242](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/242) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781081]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1)
[^c23754901]: [S. 587BA](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/138) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783361]: [S. 587C](https://www.legislation.gov.uk/ukpga/1988/1/section/587C) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/5)
[^c23754351]: [Pt 13 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/6): ss. 573, 575 and 576 transposed to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 paras. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3), [119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7), [120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733521]: [Pt. 13 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/5A) created (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23485291]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561951]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485311]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561971]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485321]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561981]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485331]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485341]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561961]: [S. 591A](https://www.legislation.gov.uk/ukpga/1988/1/section/591A) inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s.35](https://www.legislation.gov.uk/ukpga/1991/31/section/35)
[^c23485351]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21615481]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) inserted (retrospectively) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 36(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/1/3)
[^c23485361]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485371]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485381]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22888681]: [Ss. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C), [591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591D) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1)
[^c23485391]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485401]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485411]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23481531]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481551]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23561991]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481561]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23562001]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481571]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481581]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481591]: [S. 597](https://www.legislation.gov.uk/ukpga/1988/1/section/597) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 76](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/76), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485421]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23485431]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23562471]: [S. 599A](https://www.legislation.gov.uk/ukpga/1988/1/section/599A) inserted (with effect in accordance with [Sch. 6 para. 18(9)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/9) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/12)
[^c23485441]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23481601]: [S. 600](https://www.legislation.gov.uk/ukpga/1988/1/section/600) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 78](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/78), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485451]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485461]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485471]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22891971]: [S. 596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C) inserted (with effect in accordance with [s. 93(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3)
[^c23485481]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485491]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485501]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485511]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485521]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485531]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485541]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485551]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485561]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485571]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485591]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21616331]: [S. 611A](https://www.legislation.gov.uk/ukpga/1988/1/section/611A) inserted (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 paras. 15](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/15), [18(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/1)
[^c23485581]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485601]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22887611]: [S. 605A](https://www.legislation.gov.uk/ukpga/1988/1/section/605A) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 106(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/1)
[^c22892311]: [S. 606A](https://www.legislation.gov.uk/ukpga/1988/1/section/606A) inserted (with effect in accordance with [Sch. 15 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/1)
[^c22887691]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) inserted (with application in accordance with [s. 103(3)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/3) of the amending Act) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/1)
[^c21614871]: [Pt. 14 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/1) (ss. 590-612) modified (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 18](https://www.legislation.gov.uk/ukpga/1993/8/section/18), [19(4)](https://www.legislation.gov.uk/ukpga/1993/8/section/19/4), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21616421]: Source-1970 s.211(1), (4)
[^c23481791]: [S. 613(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616441]: Source-1970 s.211(2) 1981 s.50(1); PPA 1987 Sch.3 2(1)
[^c23486211]: Word in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486231]: [S. 613(4)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/b) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893861]: [S. 613(4)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/bb) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c23486181]: Words in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22887731]: [S. 614(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/1) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c21616501]: Source-1970 s.213(1)
[^c21616511]: [1935 c. 2](https://www.legislation.gov.uk/ukpga/1935/2).
[^c21616521]: [1973 c. 21](https://www.legislation.gov.uk/ukpga/1973/21).
[^c22889521]: [S. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/34) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23483781]: Words in [s. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 261](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/261) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616531]: Source-1970 s.214(2), 216(2); 1973 s.53(1)
[^c23482251]: Words in [s. 614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 84](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/84) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616541]: Source-1970 s.217(2), (4)
[^c21616551]: [1966 c. 21](https://www.legislation.gov.uk/ukpga/1966/21).
[^c21616561]: Source-1970 s.218(1)
[^c21616571]: Source-1970 s.212(3), 213(1), 214(3), 216(2), 217(2), 218(1); 1987 Sch.15 2(13)
[^c23481801]: [S. 615(1)(2)(4)(5)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/1/2/4/5/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 85](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/85), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616951]: Source-1970 s.218(3)
[^c23486431]: Words in [s. 615(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 140](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/140) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21616991]: Source-1970 s.218(4)
[^c22893881]: Words in [s. 615(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/6/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/11)
[^c21617001]: Source-1970 s.214(5), 215(3), 216(4), 217(4)
[^c21617011]: [1971 c. 56](https://www.legislation.gov.uk/ukpga/1971/56).
[^c22900881]: [S. 615(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/9/10) inserted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 9(3)](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/9/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c23481611]: [S. 616](https://www.legislation.gov.uk/ukpga/1988/1/section/616) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 86](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/86), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481971]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/88), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481951]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) inserted (prosp.) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/2002/21/schedule/3/paragraph/14) (the insertion being brought into force at 6.4.2003 by [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(d)(iii)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/d/iii))
[^c23485611]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485621]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485631]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485641]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485651]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485661]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485671]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485681]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485691]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901101]: [S. 627](https://www.legislation.gov.uk/ukpga/1988/1/section/627) repealed (with effect as mentioned in s. 228(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 228(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/228/2/a), [Sch. 26 Pt. 5(25)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/25), Note 1
[^c23485701]: [S. 628](https://www.legislation.gov.uk/ukpga/1988/1/section/628) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893921]: [S. 629](https://www.legislation.gov.uk/ukpga/1988/1/section/629) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21618141]: Source-1970 s.229
[^c21618151]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c23485711]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485721]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485731]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897701]: [S. 631A](https://www.legislation.gov.uk/ukpga/1988/1/section/631A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 7](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23485741]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485751]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485761]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485771]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485781]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485791]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485801]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485811]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485821]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485831]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485841]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485851]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485861]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485871]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897721]: [Ss. 632A](https://www.legislation.gov.uk/ukpga/1988/1/section/632A), [632B](https://www.legislation.gov.uk/ukpga/1988/1/section/632B) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22888971]: [S. 634A](https://www.legislation.gov.uk/ukpga/1988/1/section/634A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/4)
[^c22889111]: [S. 636A](https://www.legislation.gov.uk/ukpga/1988/1/section/636A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/7)
[^c22889151]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c22898641]: [S. 638ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/638ZA) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 14](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/14) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22892371]: [S. 638A](https://www.legislation.gov.uk/ukpga/1988/1/section/638A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/1)
[^c23485881]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485891]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618751]: [S. 640A](https://www.legislation.gov.uk/ukpga/1988/1/section/640A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/1)
[^c23485901]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22898961]: [S. 641](https://www.legislation.gov.uk/ukpga/1988/1/section/641) repealed (with effect in accordance with Sch. 13 para. 17 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 3 (with Sch. 13 Pt. 2)
[^c23485911]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899051]: [S. 642](https://www.legislation.gov.uk/ukpga/1988/1/section/642) repealed (with effect in accordance with Sch. 13 para. 19 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 4 (with Sch. 13 Pt. 2)
[^c23485921]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485931]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485941]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485951]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618991]: [S. 646A](https://www.legislation.gov.uk/ukpga/1988/1/section/646A) inserted (with effect in accordance with [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/1)
[^c23485961]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485971]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485981]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485991]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899001]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) inserted (with effect in accordance with [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899321]: [Ss. 646B](https://www.legislation.gov.uk/ukpga/1988/1/section/646B), [646C](https://www.legislation.gov.uk/ukpga/1988/1/section/646C) inserted (with effect in accordance with [Sch. 13 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899381]: [S. 646D](https://www.legislation.gov.uk/ukpga/1988/1/section/646D) inserted (with effect in accordance with [Sch. 13 para. 23(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23481621]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481631]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481641]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486001]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22889261]: Cross-heading preceding s. 648A omitted (1.5.1995) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22889231]: [S. 648B](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c23486011]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486021]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486031]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486041]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486051]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22900041]: [S. 652](https://www.legislation.gov.uk/ukpga/1988/1/section/652) repealed (1.10.2000) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/4), [Sch. 27 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/21), Note; [S.I. 2000/2319](https://www.legislation.gov.uk/uksi/2000/2319), [art. 2](https://www.legislation.gov.uk/uksi/2000/2319/article/2)
[^c23486061]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486071]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486081]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486091]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22892441]: [S. 650A](https://www.legislation.gov.uk/ukpga/1988/1/section/650A) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/1)
[^c22892461]: [S. 651A](https://www.legislation.gov.uk/ukpga/1988/1/section/651A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/1)
[^c22892481]: [S. 653A](https://www.legislation.gov.uk/ukpga/1988/1/section/653A) inserted (with effect in accordance with [s. 97(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/1)
[^c22888871]: [Pt. 14 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/5) excluded (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 60(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/5)
[^c22887791]: [S. 648A](https://www.legislation.gov.uk/ukpga/1988/1/section/648A) and preceding cross-heading inserted (with application in accordance with [s. 109(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/1)
[^c23568701]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21619451]: [S. 659](https://www.legislation.gov.uk/ukpga/1988/1/section/659) repealed (with effect in accordance with s. 81(7)(8) of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/4), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 9
[^c21619461]: [S. 659A](https://www.legislation.gov.uk/ukpga/1988/1/section/659A) inserted (with effect in accordance with [s. 81(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/5) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/2)
[^c23486321]: Words in [s. 659A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659A/1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486111]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486131]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486121]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486491]: Words in [s. 659E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 143](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/143) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23568791]: [S. 659E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/2): entries repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901211]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 98(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/98/1)
[^c22888751]: [Ss. 659B](https://www.legislation.gov.uk/ukpga/1988/1/section/659B), [659C](https://www.legislation.gov.uk/ukpga/1988/1/section/659C) inserted (with effect in accordance with [s. 60](https://www.legislation.gov.uk/ukpga/1995/4/section/60) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/5)
[^c22901291]: [S. 659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659D) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 17](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/17)
[^c22901331]: [S. 659E](https://www.legislation.gov.uk/ukpga/1988/1/section/659E) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2)
[^c23763571]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763591]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763491]: [S. 660C(1)-(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23312361]: [S. 660C(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1A) inserted (with effect in accordance with [Sch. 4 para. 14(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/3)
[^c23763551]: [S. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 144](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/144), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23763471]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763691]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) repealed (with effect in accordance with Sch. 5 para. 2(2)(3) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/2/1), [Sch. 27 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/3), Note
[^c23763611]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763631]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763651]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763671]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23288571]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) excluded (with effect in accordance with s. 44(6) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/44/1)
[^c23288581]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) modified (with effect in accordance with s. 45(3) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/45/1)
[^c23765121]: [S. 677](https://www.legislation.gov.uk/ukpga/1988/1/section/677) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/274), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765141]: [S. 678](https://www.legislation.gov.uk/ukpga/1988/1/section/678) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/275), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313211]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313231]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313241]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23765161]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765181]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900941]: [Pt. 15 Ch. 1B](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1B) heading inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/8)
[^c23313251]: [S. 682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/11)
[^c22900961]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900971]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900981]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900991]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23766891]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766911]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766931]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766951]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766971]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766991]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767011]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23313571]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) sidenote substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/8)
[^c23767031]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767051]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)) (subject to an amendment to s. 686A(2)(a) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 55(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/55/1/3))
[^c23767071]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767091]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767111]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767131]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767151]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766871]: Words in [s. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767191]: [S. 688](https://www.legislation.gov.uk/ukpga/1988/1/section/688) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 279](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/279), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313831]: [S. 689](https://www.legislation.gov.uk/ukpga/1988/1/section/689) repealed (with effect in accordance with s. 74(2), Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/15), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22901001]: Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765271]: [Ss. 685A-685G](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) inserted (coming into force and with effect in accordance with [Sch. 13 para. 1(2)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/1)
[^c23313651]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/9)
[^c23765231]: [Ss. 686B](https://www.legislation.gov.uk/ukpga/1988/1/section/686B), [686C](https://www.legislation.gov.uk/ukpga/1988/1/section/686C) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 100](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/100) (with [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23765251]: [S. 686D](https://www.legislation.gov.uk/ukpga/1988/1/section/686D) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/1)
[^c23765291]: [S. 686E](https://www.legislation.gov.uk/ukpga/1988/1/section/686E) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/2/3)
[^c23313631]: [S. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) inserted (with effect in accordance with [s. 27(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 27(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/1)
[^c22900951]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) heading substituted for heading before s. 686 (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765221]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 457(1)(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/457/1/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767811]: [S. 689A](https://www.legislation.gov.uk/ukpga/1988/1/section/689A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 147](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/147), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767951]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767971]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767981]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767991]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767891]: [S. 694](https://www.legislation.gov.uk/ukpga/1988/1/section/694) sidenote substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/4/paragraph/2)
[^c23768001]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23288561]: [Pt. 15](https://www.legislation.gov.uk/ukpga/1988/1/part/15) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 6(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22900921]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) inserted (in place of ss. 660-676, 683-685) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/1)
[^c23313851]: [Pt. 15 Ch. 1D](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1D) (ss. 689A, 689B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16)
[^c23769431]: Word in [s. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621991]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23770881]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 150](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/150), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770801]: [S. 699](https://www.legislation.gov.uk/ukpga/1988/1/section/699) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 289](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/289), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901551]: [S. 699A](https://www.legislation.gov.uk/ukpga/1988/1/section/699A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/4)
[^c23771371]: Words in [s. 703](https://www.legislation.gov.uk/ukpga/1988/1/section/703) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772691]: Words in [s. 709](https://www.legislation.gov.uk/ukpga/1988/1/section/709) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772771]: Words in [Pt. 17 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/1) heading substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 153](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/153) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23314131]: [Ss. 705A](https://www.legislation.gov.uk/ukpga/1988/1/section/705A), [705B](https://www.legislation.gov.uk/ukpga/1988/1/section/705B) inserted (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/24)
[^c23781621]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781641]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781651]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781661]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781671]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781681]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781691]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781701]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781711]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781721]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781731]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781741]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781751]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781761]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781771]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22992681]: [S. 724](https://www.legislation.gov.uk/ukpga/1988/1/section/724) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c21624971]: [S. 725](https://www.legislation.gov.uk/ukpga/1988/1/section/725) repealed (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c21625001]: [S. 726](https://www.legislation.gov.uk/ukpga/1988/1/section/726) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21625011]: [S. 726A](https://www.legislation.gov.uk/ukpga/1988/1/section/726A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/2), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c23781781]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781801]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781791]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23006161]: [S. 722A](https://www.legislation.gov.uk/ukpga/1988/1/section/722A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/6)
[^c22903261]: [S. 727A](https://www.legislation.gov.uk/ukpga/1988/1/section/727A) inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/1) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c22992701]: [S. 729](https://www.legislation.gov.uk/ukpga/1988/1/section/729) repealed (with effect in accordance with s. 159(1)(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23774521]: [S. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) heading substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/12)
[^c23782231]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782241]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782251]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/5), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 301](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/301), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22903331]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/1)
[^c23774831]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 12](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/12)
[^c23006261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/7)
[^c21625441]: [S. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2(a)](https://www.legislation.gov.uk/uksi/1992/173/regulation/2/a); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(a)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/a), [4(1)](https://www.legislation.gov.uk/uksi/1993/933/regulation/4/1))
[^c23131691]: [S. 737](https://www.legislation.gov.uk/ukpga/1988/1/section/737) repealed (with effect in accordance with Sch. 10 para. 16(1), Sch. 18 Pt. 6(10) Notes 3, 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 8](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/8), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3)); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23782321]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782331]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782341]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23130271]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) inserted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776191]: [S. 736C](https://www.legislation.gov.uk/ukpga/1988/1/section/736C) inserted (with effect in accordance with [Sch. 6 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/1)
[^c23776211]: [S. 736D](https://www.legislation.gov.uk/ukpga/1988/1/section/736D) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/3)
[^c22902581]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 122](https://www.legislation.gov.uk/ukpga/1994/9/section/122)
[^c23781481]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by virtue of [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/4)
[^c23781601]: Words in [s. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 176(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/176/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782361]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/8), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c22903631]: [Ss. 737D](https://www.legislation.gov.uk/ukpga/1988/1/section/737D), [737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 83(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/83/1)
[^c23782901]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782921]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782541]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/4/5)
[^c23782931]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782941]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782951]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782961]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782971]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782681]: [S. 742](https://www.legislation.gov.uk/ukpga/1988/1/section/742) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/5/6)
[^c23782981]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782991]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783001]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783011]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783021]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782561]: [S. 741A](https://www.legislation.gov.uk/ukpga/1988/1/section/741A) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/3)
[^c23782581]: [Ss. 741B](https://www.legislation.gov.uk/ukpga/1988/1/section/741B), [741C](https://www.legislation.gov.uk/ukpga/1988/1/section/741C) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/4)
[^c23782601]: [S. 741D](https://www.legislation.gov.uk/ukpga/1988/1/section/741D) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/5)
[^c23787951]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 24(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/24/1), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23228321]: [S. 748](https://www.legislation.gov.uk/ukpga/1988/1/section/748) sidenote substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229041]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228571]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228611]: [S. 753](https://www.legislation.gov.uk/ukpga/1988/1/section/753) repealed (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229001]: [S. 755](https://www.legislation.gov.uk/ukpga/1988/1/section/755) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/12), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22903691]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/2)
[^c23783101]: [S. 748ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/5)
[^c23312911]: [S. 748A](https://www.legislation.gov.uk/ukpga/1988/1/section/748A) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/2)
[^c23229061]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23310811]: [S. 750A](https://www.legislation.gov.uk/ukpga/1988/1/section/750A) inserted (with effect in accordance with [Sch. 31 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3)
[^c23783061]: [S. 751AA](https://www.legislation.gov.uk/ukpga/1988/1/section/751AA) inserted (with effect in accordance with [Sch. 16 para. 25](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/25) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 23](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/23)
[^c23783081]: [S. 751AB](https://www.legislation.gov.uk/ukpga/1988/1/section/751AB) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/2)
[^c23783121]: [S. 751AC](https://www.legislation.gov.uk/ukpga/1988/1/section/751AC) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/7)
[^c23228591]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229081]: [S. 754A](https://www.legislation.gov.uk/ukpga/1988/1/section/754A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229101]: [S. 754B](https://www.legislation.gov.uk/ukpga/1988/1/section/754B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229121]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229141]: [S. 755B](https://www.legislation.gov.uk/ukpga/1988/1/section/755B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/14); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229161]: [S. 755C](https://www.legislation.gov.uk/ukpga/1988/1/section/755C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/15); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23311081]: [S. 755D](https://www.legislation.gov.uk/ukpga/1988/1/section/755D) inserted (with effect in accordance with [Sch. 31 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/1)
[^c23790471]: [S. 764](https://www.legislation.gov.uk/ukpga/1988/1/section/764) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 23](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/23), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23788241]: [Ss. 762ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZA), [762ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZB) inserted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 94](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/94)
[^c23788221]: [S. 762A](https://www.legislation.gov.uk/ukpga/1988/1/section/762A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788201]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) and preceding cross-headings inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21627061]: [S. 765A](https://www.legislation.gov.uk/ukpga/1988/1/section/765A) inserted (with effect in accordance with [s. 68(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/2)
[^c21627211]: [S. 768A](https://www.legislation.gov.uk/ukpga/1988/1/section/768A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 20(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/1)
[^c23790991]: [S. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B) sidenote substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/7)
[^c23229571]: [S. 767AA](https://www.legislation.gov.uk/ukpga/1988/1/section/767AA) inserted (with effect in accordance with [s. 114(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/1)
[^c23229591]: [S. 767C](https://www.legislation.gov.uk/ukpga/1988/1/section/767C) inserted (with effect in accordance with [s. 115(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 115(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/1)
[^c22903801]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/2)
[^c23229611]: [S. 768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 31](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/31) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23313061]: [S. 768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768E) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/3)
[^c23229641]: [S. 770A](https://www.legislation.gov.uk/ukpga/1988/1/section/770A) substituted for ss. 770-773 (with effect in accordance with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23798811]: [S. 775](https://www.legislation.gov.uk/ukpga/1988/1/section/775) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 182](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/182), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796661]: Words in [s. 777](https://www.legislation.gov.uk/ukpga/1988/1/section/777) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(13)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/13) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790671]: [S. 775A](https://www.legislation.gov.uk/ukpga/1988/1/section/775A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/1)
[^c23790691]: [Ss. 785ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZA), [785ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZB) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/2)
[^c23790651]: [S. 785A](https://www.legislation.gov.uk/ukpga/1988/1/section/785A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 135(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/1)
[^c23790751]: [Ss. 785B-785E](https://www.legislation.gov.uk/ukpga/1988/1/section/785B) inserted (with effect in accordance with [Sch. 20 para. 1(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 1(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/1) (with transitional modifications in [Sch. 20 para. 1(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/3))
[^c23790711]: [Ss. 774A-774G](https://www.legislation.gov.uk/ukpga/1988/1/section/774A) and preceding cross-heading inserted (with effect in accordance with [Sch. 6 para. 6(2)-(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/1)
[^c22810311]: Word in [s. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c21627711]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22894971]: Word in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/3)
[^c22895131]: Words in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/3)
[^c22894431]: [S. 793A](https://www.legislation.gov.uk/ukpga/1988/1/section/793A) inserted (with effect in accordance with [Sch. 30 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/1)
[^c22894451]: [S. 795A](https://www.legislation.gov.uk/ukpga/1988/1/section/795A) inserted (with effect in accordance with [Sch. 30 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/1)
[^c22894321]: [S. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/43) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894681]: [S. 797B](https://www.legislation.gov.uk/ukpga/1988/1/section/797B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/4)
[^c22894341]: [S. 798A](https://www.legislation.gov.uk/ukpga/1988/1/section/798A) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 104](https://www.legislation.gov.uk/ukpga/1998/36/section/104)
[^c22894361]: [S. 798B](https://www.legislation.gov.uk/ukpga/1988/1/section/798B) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 105](https://www.legislation.gov.uk/ukpga/1998/36/section/105)
[^c23803101]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c22895851]: [S. 800](https://www.legislation.gov.uk/ukpga/1988/1/section/800) repealed (with effect in accordance with Sch. 30 para. 10(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/10/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22896251]: [S. 802](https://www.legislation.gov.uk/ukpga/1988/1/section/802) repealed (with effect in accordance with Sch. 30 para. 14(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 14(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/14/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895991]: [S. 801A](https://www.legislation.gov.uk/ukpga/1988/1/section/801A) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/1)
[^c22896011]: [S. 801B](https://www.legislation.gov.uk/ukpga/1988/1/section/801B) inserted (with effect in accordance with [Sch. 30 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/1)
[^c22896031]: [S. 801C](https://www.legislation.gov.uk/ukpga/1988/1/section/801C) inserted (with effect in accordance with [Sch. 30 para. 13(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/1)
[^c22896051]: [S. 803A](https://www.legislation.gov.uk/ukpga/1988/1/section/803A) inserted (with effect in accordance with [Sch. 30 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/1)
[^c22897451]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) sidenote substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/5)
[^c21628031]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) inserted (with effect in accordance with [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/5)
[^c23805351]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/e), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23804151]: [Ss. 804ZA-804ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA) inserted (with effect in accordance with [s. 87(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/1)
[^c22897151]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) inserted (with effect in accordance with [Sch. 30 para. 17(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 17(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/1)
[^c22897171]: [Ss. 804C-804E](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) inserted (with effect in accordance with [Sch. 30 para. 18(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/1)
[^c22897191]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) inserted (with effect in accordance with [Sch. 30 para. 19(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/1)
[^c23804171]: [S. 804G](https://www.legislation.gov.uk/ukpga/1988/1/section/804G) inserted (with effect in accordance with [s. 59(13)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/13) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/2)
[^c21627851]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22897951]: [Ss. 806A-806H](https://www.legislation.gov.uk/ukpga/1988/1/section/806A), [806J](https://www.legislation.gov.uk/ukpga/1988/1/section/806J) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 21(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/1)
[^c22897971]: [S. 806K](https://www.legislation.gov.uk/ukpga/1988/1/section/806K) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/1)
[^c22897991]: [Ss. 806L](https://www.legislation.gov.uk/ukpga/1988/1/section/806L), [806M](https://www.legislation.gov.uk/ukpga/1988/1/section/806M) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 23(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/1)
[^c21628131]: [S. 808A](https://www.legislation.gov.uk/ukpga/1988/1/section/808A) inserted (16.7.1992 with application in relation to interest paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.52](https://www.legislation.gov.uk/ukpga/1992/48/section/52)
[^c22899601]: [S. 810](https://www.legislation.gov.uk/ukpga/1988/1/section/810) repealed (with effect in accordance with Sch. 30 para. 26(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 26(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/26/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c21628341]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 50](https://www.legislation.gov.uk/ukpga/1992/48/section/50)
[^c21628361]: [S. 815B](https://www.legislation.gov.uk/ukpga/1988/1/section/815B) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/1)
[^c22900261]: Word in [s. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c23811001]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c22898071]: [S. 807A](https://www.legislation.gov.uk/ukpga/1988/1/section/807A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/46) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22898091]: [S. 808B](https://www.legislation.gov.uk/ukpga/1988/1/section/808B) inserted (with effect in accordance with [Sch. 30 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/1)
[^c23806191]: [S. 815AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AZA) inserted (with effect in accordance with [s. 59(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/1)
[^c22898111]: [S. 815AA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA) inserted (with effect in accordance with [Sch. 30 para. 28(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 28(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/1)
[^c22898131]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/1)
[^c22900391]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/10) (as amended by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 122(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/122/4/5)) (with Sch. 20 para. 12(2)(a))
[^c22900401]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87)
[^c23798871]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 107(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/107/5)
[^c23798881]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12E(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16))
[^c23798891]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30E(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19))
[^c23798901]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12C(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8))
[^c23798911]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10))
[^c23798921]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87A(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87A/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/12))
[^c23798931]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 140H(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140H/3), [140I(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140I/3), [140J(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140J/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1))
[^c23798941]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 paras. 12H(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12H/3), [12I(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12I/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/2))
[^c23798951]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 paras. 30G(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30G/3), [30H(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30H/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/4))
[^c23798961]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 85B(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85B/3), [85C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85C/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/5))
[^c23798971]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23798981]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (with effect in accordance with s. 56(3) of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2009/10/section/56/1)
[^c23816441]: [S. 818](https://www.legislation.gov.uk/ukpga/1988/1/section/818) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 203](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/203), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23816461]: [S. 819](https://www.legislation.gov.uk/ukpga/1988/1/section/819) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 204](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/204), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23812421]: [S. 820](https://www.legislation.gov.uk/ukpga/1988/1/section/820) applied (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)(2)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1/2), [Sch. 2 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/160)
[^c21628511]: Source—1970 s.520
[^c21628521]: Source—1970 s.521; 1972 Sch.24 29; 1983 s.27.
[^c23812431]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812451]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812471]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812491]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812521]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800531]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/22)
[^c23812541]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812561]: [S. 821(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 205(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/205/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628531]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(7)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/7); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816) art. 2
[^c23812581]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 205(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/205/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22800561]: [S. 821(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21628541]: Source—1970 s.522; 1971 Sch.6 76; 1972 Sch.24 30
[^c22800621]: Words in [s. 822(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/822/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/23)
[^c23816481]: [S. 823](https://www.legislation.gov.uk/ukpga/1988/1/section/823) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/206), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628821]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173](https://www.legislation.gov.uk/ukpga/1993/34/section/173), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3), [Sch. 19 Pt. III para. 13(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19/part/III/paragraph/13/4)
[^c22800861]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c23813151]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4)
[^c22800701]: [S. 824(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21628871]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/b)
[^c21628881]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801911]: [S. 824(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(d)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/d)
[^c22801811]: [S. 824(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2B) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/2)
[^c22801851]: [S. 824(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2C) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/2)
[^c22800731]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23813081]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 108](https://www.legislation.gov.uk/ukpga/2004/12/section/108)
[^c22801831]: [S. 824(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/aa) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/3)
[^c22801871]: [S. 824(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/ab) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/3)
[^c22800891]: [S. 824(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/a/b) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/2)
[^c22800931]: Words in [s. 824(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/c) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/3)
[^c22800911]: [S. 824(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4/4A) substituted for s. 824(4) (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/4)
[^c23813061]: Words in [s. 824(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 104](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/104) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800751]: [S. 824(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/5) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/a), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629001]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(f)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/f)
[^c21629011]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c23813131]: [S. 824(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629031]: Source—1975 (No.2) s.47(11), (12).
[^c23813111]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800791]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/b), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629041]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 110(5)(6)-(9)](https://www.legislation.gov.uk/ukpga/1989/26/section/110/5/6)
[^c23813161]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 33](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/33) (as amended by [The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569)](https://www.legislation.gov.uk/uksi/2006/569), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/569/regulation/1/1), [5(6)(7)](https://www.legislation.gov.uk/uksi/2006/569/regulation/5/6/7)) (with Sch. 36)
[^c21629051]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 111(4)(5)-(8)](https://www.legislation.gov.uk/ukpga/1989/26/section/111/4/5)
[^c22800811]: [S. 824(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/10) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/c), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629171]: Source—1975 (No.2) s.48(1), (2)
[^c21629181]: Words in [s. 825(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/1/a) repealed (for accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Note 6
[^c21629191]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) repealed (with effect in relation to payments made on and after 6.4.1993) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 158(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/158/2), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/8), Note 5; [S.I. 1993/753](https://www.legislation.gov.uk/uksi/1993/753)
[^c21629201]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) substituted (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 179(1)(a)(vii)](https://www.legislation.gov.uk/ukpga/1989/26/section/179/1/a/vii); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c21629211]: [S. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/a)
[^c21629231]: Source—1975 (No.2) s.48(4)-(9)
[^c21629241]: [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(6)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/6) [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120](https://www.legislation.gov.uk/ukpga/1995/4/section/120), [Sch. 24 para. 12(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/5)
[^c21629251]: Words in [s. 825(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.22](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22)
[^c22801931]: [S. 825(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/d) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21629271]: Words in [s. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/b)
[^c22802091]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c22803051]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) applied (with modifications) (7.1.1999 in accordance with reg. 1(2) of the affecting S.I.) by [The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175)](https://www.legislation.gov.uk/uksi/1998/3175), [reg. 8](https://www.legislation.gov.uk/uksi/1998/3175/regulation/8) (as amended by: [S.I. 2005/889](https://www.legislation.gov.uk/uksi/2005/889), [regs. 1(1)(3)](https://www.legislation.gov.uk/uksi/2005/889/regulation/1/1/3), [7](https://www.legislation.gov.uk/uksi/2005/889/regulation/7); [S.I. 2011/1785](https://www.legislation.gov.uk/uksi/2011/1785), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1785/regulation/1), [11](https://www.legislation.gov.uk/uksi/2011/1785/regulation/11); [S.I. 2017/1072](https://www.legislation.gov.uk/uksi/2017/1072), [regs. 1](https://www.legislation.gov.uk/uksi/2017/1072/regulation/1), [10](https://www.legislation.gov.uk/uksi/2017/1072/regulation/10))
[^c23813721]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)(6)(b)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4/6/b)
[^c21629411]: Source—1987 (No.2) s.87
[^c21629401]: [S. 826(1)(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/8/9) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c22801941]: [S. 826(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/2)
[^c22803111]: [S. 826(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/d) and preceding word inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/2)
[^c22803291]: [S. 826(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/e) and preceding word inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/2)
[^c22803411]: [S. 826(1)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/da) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/2)
[^c23813731]: [S. 826(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/f) and preceding word inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/2); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c21629431]: Words in [s. 826(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1) substituted (retrospectively) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 180(6)(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/180/6/7)
[^c22802801]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/1)
[^c22801981]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 42](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/42); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22801961]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/3)
[^c22803001]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) repealed (with effect in accordance with Sch. 3 para. 38(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802821]: Words in [s. 826(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3) substituted (with effect in accordance with [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/1)
[^c22803131]: [S. 826(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3A) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/3)
[^c22803281]: [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36).
[^c22803431]: [S. 826(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3AA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/3)
[^c22803311]: [S. 826(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3B) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/3)
[^c23813751]: [S. 826(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3C) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/3); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803071]: Words in [s. 826(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4) substituted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/a)
[^c22802121]: [S. 826(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/5)
[^c22803091]: Words in [s. 826(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a/i) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/b)
[^c22802981]: [S. 826(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5A) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/4)
[^c22803021]: [S. 826(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7) repealed (with effect in accordance with Sch. 3 para. 38(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21629471]: [S. 826(7A)(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A/7B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 23](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23)
[^c21629481]: Words in [s. 826(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/2)
[^c22802881]: Words in [s. 826(7)(7A)(7B)(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7/7A/7B/7C) substituted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/2)
[^c21629491]: [S. 826(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/3/5)
[^c22803031]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802231]: [S. 826(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7B) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22803211]: [S. 826(7BB)(7BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7BB/7BC) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/2)
[^c21629521]: [S. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/5)
[^c22802141]: Words in [s. 826(7C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/a) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802161]: Words in [s. 826(7C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802041]: Words in [s. 826(7C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/c) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/a)
[^c22802061]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/b)
[^c22802021]: [S. 826(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7CA) inserted (with effect in accordance with [Sch. 24 para. 12(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/2)
[^c22803061]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802901]: [S. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/3)
[^c22803231]: Words in [s. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/3)
[^c22802921]: [S. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/4)
[^c22803251]: Words in [s. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/4)
[^c22802841]: [S. 826(8A)-(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A) inserted (with effect in accordance with [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/1)
[^c22803151]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/a)
[^c22803331]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/a)
[^c23813771]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/a); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803171]: [S. 826(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b) substituted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/b)
[^c22803471]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/b)
[^c22803351]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/b)
[^c23813791]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/b); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803191]: [S. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/5)
[^c22803491]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/5)
[^c22803371]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/a)
[^c23813811]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (1.1.2007) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/5); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803391]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/b)
[^c22800351]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22800361]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23816501]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 207](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/207), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21629661]: Source—1970 ss.65(5), 204, 231(3), 343 (1A); 1970(F) s.29(6), Sch.5 2(3), 10; 1972 ss.91(3), 108(4); 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A, (4) Sch.4 16(2); 1980 s.24(9); [Sch.10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) 13(3); 1982 ss.28(5), 29(1), (3), Sch.7 14(2); 1984 ss.26(1), 88(8), 126(1), Sch.8 2(1)(f), 3A; 1983 Sch.5 5A(9), 6(8); 1986 s.28, 61, Sch.11 11, Sch.12 3, Sch.17 6(7).
[^c23815221]: [S. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) excluded by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 22C(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/22C/3) (as inserted (1.7.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 7 paras. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/8), [18(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/18/1) (with [Sch. 7 paras. 19-21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/19)))
[^c21629681]: Source—1970 ss.65(5), 204, 343(1B); 1970(F) s.29(8), Sch.5 2(3), 10; 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A(4); 1982 s.29(5); 1983 Sch.5 5A(9), 6(9); 1984 ss.26(6), 88(8), Sch.8 2(1), 3A; 1986 ss.26, 27(7), 55, Sch.11 11, Sch.12 3, Sch.17 6(7)
[^c23815251]: [S. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) modified (20.3.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 1030(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/1030/4), [1034(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/4/b)
[^c23815351]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815121]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 180(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/180/2)
[^c23815371]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815201]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22803751]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (with effect in accordance with Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21629701]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/2)
[^c21629711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/16)
[^c22803741]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/2)
[^c21629721]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(34)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/34)
[^c23815401]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815101]: [S. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815231]: [S. 828(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/6) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 34](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/34) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816521]: [S. 829](https://www.legislation.gov.uk/ukpga/1988/1/section/829) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 209](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/209), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23816161]: [S. 830(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 106](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/106), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800331]: [S. 826A](https://www.legislation.gov.uk/ukpga/1988/1/section/826A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/2)
[^c23811391]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 333](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/333) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629861]: Source—1970 s.526(1), (2); 1987 Sch.15 12
[^c23816541]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITEPA 2003" inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 107](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/107) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816561]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITTOIA 2005" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816581]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITA 2007" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21629871]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1990 Act" inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(35)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/35); and that amendment continued by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/59)
[^c21629881]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1992 Act" inserted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22803801]: [S. 831(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/4) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 144(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/144/2)
[^c21629891]: [1987 c. 42](https://www.legislation.gov.uk/ukpga/1987/42).
[^c21629901]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21629911]: [1986 c. 9](https://www.legislation.gov.uk/ukpga/1986/9).
[^c21629921]: Source—1970 s.540(2)
[^c21629931]: Words in [s. 831(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/5) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23817041]: Words in [s. 832](https://www.legislation.gov.uk/ukpga/1988/1/section/832) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820211]: [S. 833](https://www.legislation.gov.uk/ukpga/1988/1/section/833) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/213), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820231]: [S. 835](https://www.legislation.gov.uk/ukpga/1988/1/section/835) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 215](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/215), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820251]: [S. 836](https://www.legislation.gov.uk/ukpga/1988/1/section/836) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 216](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/216), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820331]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/25), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c23820271]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 217](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/217), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820291]: [S. 837](https://www.legislation.gov.uk/ukpga/1988/1/section/837) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/218), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806921]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23820311]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/229), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21631481]: [S. 842A](https://www.legislation.gov.uk/ukpga/1988/1/section/842A) inserted (1.4.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.127(1)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/127/1/4)
[^c23819851]: Words in [s. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23812171]: [S. 834A](https://www.legislation.gov.uk/ukpga/1988/1/section/834A) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/274) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812191]: [S. 834B](https://www.legislation.gov.uk/ukpga/1988/1/section/834B) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/275) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812211]: [S. 834C](https://www.legislation.gov.uk/ukpga/1988/1/section/834C) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/276) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22805631]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/2)
[^c23811481]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 340](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/340) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22805561]: [S. 837A](https://www.legislation.gov.uk/ukpga/1988/1/section/837A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/1)
[^c22805581]: [S. 837B](https://www.legislation.gov.uk/ukpga/1988/1/section/837B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/2)
[^c23811461]: [S. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1)
[^c23812101]: [S. 840ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/840ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805501]: [S. 840A](https://www.legislation.gov.uk/ukpga/1988/1/section/840A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/1)
[^c22805521]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/26) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22805481]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/1)
[^c22805611]: [S. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/1)
[^c21631551]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(56)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/56) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22807521]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c21631561]: Words in [s. 843(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/4) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21631571]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c23389411]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21853671]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/1) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22720851]: [Sch. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2) repealed (with effect in accordance with Sch. 14 Pt. IV Note 9 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 75, 148, Sch.14 Part IV
[^c21853701]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/27), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21846651]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23389421]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 342](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/342), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390441]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/344), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777311]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) repealed (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1/2), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23390511]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21633181]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23390521]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390531]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390541]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22205081]: [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8) repealed (with effect in accordance with s. 61(2)(3), Sch. 18 Pt. 6(3) Notes 1-3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3)
[^c21634111]: Source—1978 Sch.9 1(1)(a); 1980 Sch.10 1(1)(a); 1984 Sch.10 1(1)
[^c21634121]: Source—1978 Sch.9 1(5); 1980 Sch.10 1(2); 1984 Sch.10 1(2)
[^c21634131]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(3)
[^c21634141]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(4)
[^c21634151]: Source—1978 Sch.9 1(1)(b); 1980 Sch.10 1(1), (b); 1984 Sch.10 1(1); 1987 Sch.15 13
[^c21634161]: [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(1)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/1/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21634171]: Source—1978 s.54(1); 1986 s.24(3)(a)
[^c22225551]: [Sch. 9 para. 2(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2A/2B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/1/3)
[^c21634181]: Source—1978 Sch.9 2(3), (4); 1980 Sch.10 1(1)(aa), (ab), (1A); 1983 s.25(5); 1984 s.39(2)
[^c22225621]: [Sch. 9 para. 3(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/ca) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/2/3)
[^c22225931]: [Sch. 9 para. 3(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/f) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/1)
[^c21634191]: Source—1978 Sch.9 3(3)
[^c22225951]: [Sch. 9 para. 3(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/4) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/2)
[^c22181491]: [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/4) modified (with effect in accordance with Sch. 16 para. 1 of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/4)
[^c21634201]: Source—1978 Sch.9 3(2); 1980 Sch.10 3(2); 1984 Sch.10 2(2)
[^c23392191]: [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/5) modified (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 158](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/158)
[^c21634211]: Source—1978 Sch.9 4; 1980 Sch.10 4; 1984 Sch.10 3
[^c21634231]: Source—1978 s.53(7); 1980 Sch.10 25; 1984 Sch.10 14
[^c23392121]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634241]: Source—1978 Sch.9 11(1), (2); 1980 Sch.10 23; 1984 Sch.10 4(1)(b), (3)
[^c21634251]: [Sch. 9 Pt. II para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/II/paragraph/8A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(5)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/5/6)
[^c21634261]: Source—1978 Sch.9 1(1), (3); 1980 Sch.10 5(a); 1984 Sch.10
[^c22225451]: Words in [Sch. 9 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/9/1) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/2/5)
[^c21634271]: Source—1978 Sch.9 5; 1980 Sch.10 15; 1984 Sch.10 7
[^c21634281]: [Sch. 9 para. 10(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/10/c/ii) and preceding word repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 64](https://www.legislation.gov.uk/ukpga/1989/26/section/64), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c21634291]: Source—1978 Sch.9 6; 1980, s.46(10), Sch.10 16; 1984 Sch.10 8
[^c22194561]: Words in [Sch. 9 para. 11(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11/a/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(j)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/j)
[^c21634321]: Source—1978 Sch.9 7; 1980 Sch.10 17; 1984 Sch.10 9; 1986 s.22, 24(2)
[^c22225511]: Words in [Sch. 9 para. 12(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1/c) substituted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/a/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c22225531]: [Sch. 9 para. 12(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1A/1B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/b/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c21634331]: Source—1980 Sch.10 18; 1982 s.41; 1984 Sch.10 10; 1986 s.23(4)
[^c21634341]: [Sch. 9 para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/13/3) added (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 69(1)](https://www.legislation.gov.uk/ukpga/1988/39/section/69/1)
[^c21634351]: Source—1978 Sch.9 8; 1980 s.46(11), Sch.10 19; 1984 Sch.10 11; 1986 s.23(3)
[^c21634361]: Source—1980 Sch.10, 10A; 1984 Sch.10 4A; 1987 Sch.4 1, 2; 1987 (No.2) s.59
[^c21634371]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634381]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21634391]: Source—1987 Sch.4 3
[^c23392201]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22225471]: [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/3/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c23392091]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392111]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634771]: Source—1978 Sch.9 1(3)
[^c21634781]: Source—1978 Sch.9 3(2)
[^c21634801]: Source—1978 Sch.9 1 (4); 1983 s.25(1)
[^c21634811]: Source—1978 s.53(4)
[^c21634821]: Source—1978 Sch.9 12
[^c21634831]: Source—1978 Sch.9 13; 1980 s.46(13)
[^c21880401]: Words in [Sch. 9 para. 32(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/32/1) substituted (with effect in accordance with [s. 101(9)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/9/10) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/5)
[^c21634841]: Source—1978 Sch.9 14
[^c21880421]: [Sch. 9 para. 33(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/33/a) modified (with effect in accordance with s. 101(11)(12) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/6) (with [s. 101(14)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/14))
[^c21634851]: Source—1978 Sch.9 15
[^c21634861]: Source—1978 Sch.9 9
[^c21634871]: Source—1978 Sch.9 10
[^c21634881]: Source—1978 Sch.9 2; 1983 s.25(4)
[^c21884191]: Words in [Sch. 9 para. 36(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/36/1/a) substituted (with application in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/4)
[^c21634891]: Source—1987 Sch.4 6-8
[^c21634901]: [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/40) and preceding cross-heading inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 65](https://www.legislation.gov.uk/ukpga/1989/26/section/65)
[^c23392211]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634091]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22180901]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 115](https://www.legislation.gov.uk/ukpga/1996/8/section/115)
[^c22181041]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22225871]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/1/2)
[^c23392221]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634921]: Source—1978 s.54(2); 1979 Sch.7
[^c21880321]: [Sch. 10 para. 1(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/1/cc) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/2)
[^c21634931]: Source—1978 s.54(1A); 1980 s.46(2)
[^c21634941]: Source—1978 s.54(3)
[^c21880361]: [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/4) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/3)
[^c21634991]: Source—1978 s.54(4), (5); 1980 s.46(3); 1986 s.24(3)
[^c22194851]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/b)
[^c22201621]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [art. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2))
[^c21635021]: Words in [Sch. 10 para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c21635031]: Word at the end of Sch. 10 para. 2(c) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [9](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/9)
[^c21635041]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c22162701]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(b)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/b), [s. 178(3)](https://www.legislation.gov.uk/ukpga/1995/26/section/178/3)
[^c22181091]: [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3) substituted (with effect in accordance with [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/1)
[^c23393091]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778221]: Words in [Sch. 10 para. 3A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(c)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/c)
[^c22778231]: Words in [Sch. 10 para. 3A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/4) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(d)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/d)
[^c22778211]: [Sch. 10 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/100/3)
[^c21635091]: Source—1978 s.56(2)-(5)
[^c21635111]: Source—1978 s.57; 1979(C) Sch.7
[^c21635121]: Word in [Sch. 10 para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(58)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/58) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21880381]: [Sch. 10 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5A) inserted (with effect in accordance with [s. 101(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/4) (with [s. 101(13)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/13))
[^c21635131]: Source—1978 s.58; 1983 s.25(1)
[^c23393111]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635141]: Source—1978 s.59; 1980 s.46(8); 1987 Sch.15 11(3)
[^c23393121]: Words in [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393141]: Words in [Sch. 10 para. 7(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393181]: Word in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/i), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393161]: Words in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634911]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22181061]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392231]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393261]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 114](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/114), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635371]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c23394021]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 115](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/115), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394041]: [Sch. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 116](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/116), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394061]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 117](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/117), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394051]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 118](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/118), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778561]: [Sch. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13) repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/41/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22779711]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) repealed (with effect in accordance with Sch. 3 para. 42(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 42(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/42/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23394071]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3-5](https://www.legislation.gov.uk/uksi/2003/962/article/3))
[^c21636171]: [Sch. 14 para. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/2/3) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch.14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 6
[^c23403071]: Cross-heading preceding Sch. 14 para. 1 substituted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/3)
[^c21636201]: Source—1976 Sch.4 11; 1979/1576; 1982 s.35(2), (4); 1970 s.10
[^c21636211]: Words in [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1/b) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23403151]: [Sch. 14 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21636281]: Source—1976 Sch.4 13; 1978 Sch.3 7; 1980 s.29(2)(c); 1987 Sch.15 9
[^c21636291]: Words in [Sch. 14 para. 3(1)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/1/3/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636311]: Words in [Sch. 14 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/3/a) substituted (6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21636341]: Words in [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/4) repealed (with effect in accordance with s. 173 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/9), Note
[^c21636351]: [1969 c.19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21636361]: Source—1976 Sch.4 14; 1978 Sch.3 2, 8
[^c21636371]: Source—1976 Sch.4 14A; 1978 Sch.3 9
[^c23403131]: Words in [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 119](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/119) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21636381]: Source—1976 Sch.4 15
[^c22780441]: Words in [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/2) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/2), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21636401]: Source—1976 Sch.4 16; 1978 Sch.3 10
[^c22780431]: Words in [Sch. 14 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/1) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22223751]: [Sch. 14 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/a) substituted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/a)
[^c22223781]: Words in [Sch. 14 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/b) inserted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/b)
[^c22223801]: Words in [Sch. 14 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/c)
[^c22223841]: Words in [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3) substituted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/d)
[^c22223861]: [Sch. 14 para. 7(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/4/5) added (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/4)
[^c21636411]: Source—1970 s.19(5)
[^c21636421]: Source—1984 s.72(2)-(4), (6), (7)
[^c23403191]: [Sch. 14 para. 8(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/3A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22224031]: Words in [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/5)
[^c22224051]: [Sch. 14 para. 8(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/6)
[^c22780451]: [Sch. 14 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8/a) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(b)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/b)
[^c21636441]: Source—1970 Sch.1 1(1)-(4A); 1975 Sch.2 4(2), (3)
[^c21636451]: Source—1975 Sch.2 4(4)
[^c22224071]: Words in [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/1/6) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/a); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636461]: Source—1970 Sch.1 1(5)-(7); 1975 Sch.2 4(5), (6)
[^c21636471]: Source—1975 Sch.2 4(1)
[^c21636481]: Source—1970 Sch.1 2; 1975 Sch.2 4(7), (8)
[^c22224091]: Words in [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/2/2) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/b); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636491]: Source—1975 Sch.2 4(1)
[^c21636621]: Source—1970 ss.334(2)–(4), 337(5)(a), Sch.1 3, 3A; 1984 s.72(a); 1985 s.41(4), (6), Sch.10 Pt.I; 1979/1576
[^c21636631]: Words in [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636641]: [Sch. 15 para. 3(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1/c) and word preceding it repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 9 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/4/1/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c22783601]: [Sch. 15 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/3), [Sch. 29 Pt. 8(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/6)
[^c21636701]: Words in [Sch. 15 para. 3(2)(c)(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c/4/c) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/3/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636711]: [Sch. 15 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636541]: Words in [Sch. 15 para. 3(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/ii) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 49(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/49/5)
[^c23394081]: [Sch. 15 para. 3(8)(b)(iii)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/iii/c) and word preceding para. (b)(iii) repealed (retrospectively with effect in accordance with s. 172(6) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/3), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 3
[^c21636781]: [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 19(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/6), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22783611]: Words in [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/2)
[^c21636821]: Source—1970 Sch.1, 3; 1985 s.41(4)
[^c21636831]: Words in [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636851]: Source—FSA 1974 s.64(2B); 1985 s.41(1); 1987 s.30(6)
[^c23820431]: [Sch. 15 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6A) inserted (with effect in accordance with [s. 178](https://www.legislation.gov.uk/ukpga/2012/14/section/178) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 13(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13/6)
[^c21636861]: Source—1970 Sch.1 4; 1976 Sch.4 12
[^c21636871]: Source—1975 Sch.2 7; 1976 Sch.4 19(4)
[^c22783711]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c22783691]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/8)
[^c21636881]: Source—1970 Sch.1 5
[^c21636891]: Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)
[^c22783631]: Words in [Sch. 15 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/11/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/3)
[^c21636911]: [1974 c. 49](https://www.legislation.gov.uk/ukpga/1974/49).
[^c21636921]: Source—1970 Sch.1 6, 7
[^c23820501]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/1)
[^c23820531]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) heading substituted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/2)
[^c21636931]: Source—1980 s.30; 1984 s.74; 1982 s.35(3)
[^c22783651]: Words in [Sch. 15 para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/4)
[^c22783671]: [Sch. 15 para. 14(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/5)
[^c21636961]: Source—1970 Sch.1 8
[^c21636971]: Source—1984 s.72(9)(a)
[^c21636981]: Source—1970 Sch.1 9(1), (2)
[^c21636991]: Word in [Sch. 15 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/2/a) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [10](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/10)
[^c21637001]: Source—1970 Sch.1 9(3); 1984 s.76(3), (6)
[^c23820571]: Words in [Sch. 15 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637011]: Source—1975 Sch.2 5
[^c21637021]: Source—1970 Sch.1 10
[^c21637031]: Word in [Sch. 15 para. 18(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [11](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/11)
[^c22224111]: [Sch. 15 para. 18(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/9)
[^c22783721]: [Sch. 15 para. 18(3)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c/i) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c23820691]: [Sch. 15 para. 18(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/d) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(2)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/2/4/6)
[^c23820671]: [Sch. 15 para. 18(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/4) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/4)
[^c21637041]: Source—1975 Sch.2 3
[^c21637051]: Source—1982 s.34
[^c23820991]: [Sch. 15 para. 20ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20ZA) and preceding cross-heading inserted (1.4.2011 with effect in accordance with art. 15(2) of the amending S.I.) by The Enactment of Extra-[Statutory Concessions Order 2011 (S.I. 2011/1037)](https://www.legislation.gov.uk/uksi/2011/1037), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1037/article/1), [15(1)](https://www.legislation.gov.uk/uksi/2011/1037/article/15/1)
[^c23821011]: [Sch. 15 paras. B1-B3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/B1), cross-headings and preceding heading inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/3)
[^c23820951]: [Sch. 15 para. 20A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20A) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820741]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23820721]: [Sch. 15 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(4)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/4/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637101]: Source—1984 Sch.15 Pt.II 1
[^c21637111]: Source—1975 Sch.2 1A; 1984 Sch.5 Pt.I
[^c22783761]: [Sch. 15 para. 24(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2/2A) substituted for para. 24(2) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(a)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/a/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783871]: Words in [Sch. 15 para. 24(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2A) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783781]: Words in [Sch. 15 para. 24(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23821121]: Words in [Sch. 15 para. 24(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3/b/c) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/4)
[^c22783811]: [Sch. 15 para. 24(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/4) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637121]: Source—1984 Sch.15 Pt.II 2-4
[^c22783831]: [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(6)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/6/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783891]: Words in [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783851]: Word in [Sch. 15 para. 27(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/27/1) substituted (except for specified purposes) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(7)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/7/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21636431]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/5) (2)
[^c22783591]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/4/2/3)
[^c23820911]: [Sch. 15 Pt. A1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/part/A1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/2)
[^c23821411]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 345](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/345), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821671]: [Sch. 15B Pt. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/1) (paras. 1-6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/234), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23821711]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821731]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821741]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784011]: [Sch. 15B Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/2) applied (1.5.1995) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 151A(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/151A/6) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3))
[^c23821751]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 235](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/235), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23838611]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) repealed and replaced (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1/c), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23822181]: [Sch. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 103](https://www.legislation.gov.uk/ukpga/1989/26/section/103), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Notes 1, 3
[^c21638151]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) inserted (for accounting periods beginning on or after 1 January 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c23822571]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 55](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/55), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22799861]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (with effect in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22799851]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) repealed (with effect in accordance with s. 87(2)-(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note (the provisions of Sch. 19AB not applying in relation to tax credits in respect of distributions made on or after 6th April 2004)
[^c21638371]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c23822971]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21638581]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) inserted (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 58(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/58/4/a/5), [Sch. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/5)
[^c21638591]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) repealed and superseded (with [Sch. 19](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19) of the amending Act) (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/173/2), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c23822991]: Words in [Sch. 19B para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/a)
[^c23823011]: Words in [Sch. 19B para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/b)
[^c23823631]: Words in [Sch. 19B para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/2/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 236](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/236) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23823031]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/a)
[^c23823051]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/b)
[^c23823071]: [Sch. 19B para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/3/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/c)
[^c23823091]: Words in [Sch. 19B para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/6/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/6)
[^c23823111]: Words in [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(7)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/7)
[^c23823131]: [Sch. 19B para. 16(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/16/2A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(8)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/8)
[^c23823151]: [Sch. 19B para. 22(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/22/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/10)
[^c23823171]: [Sch. 19B para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/18A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(9)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/9)
[^c22776191]: [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/43), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22781711]: Words in [Sch. 21 para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 65](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/65)
[^c22780141]: Words in [Sch. 21 para. 6(1)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/b/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22774581]: [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/2) repealed (with effect in accordance with s. 164(1)(2) of the repealing Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164(4)(5)](https://www.legislation.gov.uk/ukpga/1990/1/section/164/4/5), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c21638971]: Source—[1970 c.10](https://www.legislation.gov.uk/ukpga/1970/10), [Sch.11](https://www.legislation.gov.uk/ukpga/1970/10/schedule/11)
[^c23824201]: [Sch. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23824221]: [Sch. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23826351]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21639191]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c23316941]: Words in [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23317001]: [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/2)
[^c23317431]: Words in [Sch. 24A para. 1(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24A/paragraph/1/3A/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317451]: [Sch. 24 para. 1(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A/b/i) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317491]: Words in [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317511]: Words in [Sch. 24 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317531]: [Sch. 24 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317551]: Words in [Sch. 24 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826371]: Words in [Sch. 24 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23317061]: [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/6) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/3)
[^c23317181]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/4)
[^c23317571]: Words in [Sch. 24 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317591]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319061]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) excluded (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116/3)
[^c23826541]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) restricted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 870(4)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/870/4/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23317241]: [Sch. 24 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/5)
[^c23317611]: Words in [Sch. 24 para. 4(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319081]: [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) modified (29.5.2001 with effect in accordance with reg. 1 of the modifying S.I.) by [The General Insurance Reserves (Tax) Regulations 2001 (S.I. 2001/1757)](https://www.legislation.gov.uk/uksi/2001/1757), [reg. 8(3)](https://www.legislation.gov.uk/uksi/2001/1757/regulation/8/3)
[^c23317281]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/6/a)
[^c23317631]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317651]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317321]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/7)
[^c23317731]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/4), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23316821]: [Sch. 24 para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/4) applied (with modifications) (23.3.1995) by [The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994 (S.I. 1994/3227)](https://www.legislation.gov.uk/uksi/1994/3227), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3227/regulation/1/2), [6](https://www.legislation.gov.uk/uksi/1994/3227/regulation/6)
[^c23317671]: Words in [Sch. 24 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317341]: [Sch. 24 para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/8)
[^c21639461]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) inserted (27.7.1993 with effect as mentioned in s. 96(2) of the amending act in relation to any accounting period on or after such day as may be appointed under [s. 165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 96(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/96/1/2), [165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b)
[^c23316861]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) deemed never to have been inserted, by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/3), [Sch. 29 Pt. 8(18)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/18), Note
[^c23318821]: [Sch. 24 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5) renumbered as para. 5(1) (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318801]: [Sch. 24 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5/2) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318881]: [Sch. 24 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/6) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23317791]: [Sch. 24 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/7) repealed (with effect in accordance with Sch. 3 para. 43(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 43(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/43/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23826381]: Words in [Sch. 24 para. 8(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/8/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23318321]: Words in [Sch. 24 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318471]: Words in [Sch. 24 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317371]: Words in [Sch. 24 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/c) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/9)
[^c23318421]: Words in [Sch. 24 para. 9(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318341]: [Sch. 24 para. 9(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/2/5/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(4)(7)(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/4/7/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318491]: Words in [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318541]: [Sch. 24 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318721]: [Sch. 24 para. 9(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/7) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318741]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317391]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/10)
[^c23318761]: Words in [Sch. 24 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318901]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/a)
[^c23318921]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/b)
[^c23318941]: Words in [Sch. 24 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/2)
[^c23317811]: [Sch. 24 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/22), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826441]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23319101]: Words in cross-heading relating to Sch. 24 para. 11A inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/3/a)
[^c23317891]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/4)
[^c23318981]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319001]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319011]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319031]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319041]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319051]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23826401]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/4), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23318841]: [Sch. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/2)
[^c21639451]: Source-1984 Sch. 16, 1985 Sch. 14 16
[^c23318021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) and cross-heading inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/5)
[^c23318781]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) and cross-heading inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/24); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827181]: [Sch. 25 para. 5(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/1A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/2)
[^c23322261]: Words in [Sch. 25 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/29); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827081]: [Sch. 25 para. 5(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/3) inserted (with effect in accordance with [s. 201(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 201(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/1)
[^c23322851]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/a)
[^c23322871]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/b)
[^c23322891]: [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/3)
[^c23827061]: Word in [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) repealed (retrospective to 27.11.2002 with effect in accordance with s. 200(2)(3) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3), [Sch. 43 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/2)
[^c23826941]: [Sch. 25 para. 6(2A)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/d) and words inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3)
[^c23827101]: Words in [Sch. 25 para. 6(2A)(e)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/e/2C) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23826961]: [Sch. 25 para. 6(2B)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2B/2C) inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/4)
[^c23322911]: Words in [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/6/2)
[^c23322411]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322431]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322951]: [Sch. 25 para. 6(4ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4ZA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/3)
[^c23322521]: [Sch. 25 para. 6(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323001]: [Sch. 25 para. 6(4AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4AA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/5)
[^c23323081]: [Sch. 25 para. 6(4BB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4BB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/7)
[^c23322541]: [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826981]: Words in [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/5)
[^c23322581]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323101]: Words in [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/8)
[^c23323131]: [Sch. 25 para. 6(5ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5ZB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/9)
[^c23322611]: [Sch. 25 para. 6(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323151]: [Sch. 25 para. 6(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5B) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/10)
[^c23827201]: Words in [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/1) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/3)
[^c23322631]: Words in [Sch. 25 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/3) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/31/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827121]: Words in [Sch. 25 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/4/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23827221]: [Sch. 25 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/5/6) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/4)
[^c21639571]: Words in [Sch. 25 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1/a) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c21639581]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c23322651]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/2)
[^c23322671]: Word in [Sch. 25 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/a)
[^c23323191]: Words in [Sch. 25 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/a)
[^c23322691]: [Sch. 25 para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/c) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/3)
[^c23323231]: Word preceding Sch. 25 para. 11(1)(g) repealed (with effect in accordance with Sch. 31 para. 9(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23323381]: [Sch. 25 para. 11(1)(g)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/g) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/2)
[^c23323211]: [Sch. 25 para. 11(1)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/h) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/c)
[^c23323401]: [Sch. 25 para. 11(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1A) inserted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/3)
[^c23322711]: Word in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/b)
[^c23827001]: [Sch. 25 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/a) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/2)
[^c23827021]: [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) and preceding word added (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/3)
[^c23827141]: Words in [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23322731]: Words in [Sch. 25 para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322751]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322771]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827971]: [Sch. 25 Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2) modified (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 17](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/17) (with [Sch. 16 paras. 13-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/13), [18-20](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18))
[^c23827241]: [Sch. 25 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3) (paras. 13-15) repealed (with effect in accordance with Sch. 15 para. 10 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/8/2), [Sch. 27 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/15), Note
[^c23321991]: Words in [Sch. 25 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/a) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/a)
[^c23322011]: Words in [Sch. 25 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/b) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/b)
[^c23322041]: [Sch. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25) heading substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/25); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828051]: [Sch. 25 Pts. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2B) (paras. 12B-12N) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/3)
[^c23828071]: [Sch. 25 Pt. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3A) (paras. 15A-15G) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/8)
[^c23319251]: [Sch. 26 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1/c) and preceding word repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319271]: Words in [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319231]: Words in [Sch. 26 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828091]: [Sch. 26 para. 1(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/cc) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 38(2)
[^c23319211]: Word at the end of Sch. 26 para. 1(3)(d) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23319191]: [Sch. 26 para. 1(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/f) and preceding word inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 53](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/53) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23319291]: [Sch. 26 para. 1(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/4/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/4/5), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639601]: Source—1984 Sch.18.
[^c23319341]: [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 44(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 44(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/44/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 44(4))
[^c23319361]: [Sch. 26 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319381]: Words in [Sch. 26 para. 3(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/b/c) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319411]: Words in [Sch. 26 para. 3(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639621]: Words in [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(62)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/62) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23319441]: Words in [Sch. 26 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319461]: Words in [Sch. 26 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319481]: [Sch. 26 para. 3(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/6A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319501]: [Sch. 26 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319521]: Words in [Sch. 26 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319541]: Words in [Sch. 26 para. 4(2)(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/2/5/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/4/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23831011]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(11)
[^c23835841]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/240), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23838041]: [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/2) repealed by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c23838141]: [Sch. 29 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/4) repealed (with effect in accordance with s. 90 of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Pt. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/5), Note 2
[^c23837361]: [Sch. 29 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/5) repealed by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/48/schedule/8); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816)
[^c23835881]: [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23837371]: [Sch. 29 para. 7(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/7/1/3) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4), Note 9
[^c21639901]: Words in [Sch. 29 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/8) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [13](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/13)
[^c22809691]: Words in [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/3) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639921]: [Sch. 29 para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/4/b) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809701]: [Sch. 29 para. 10(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/7) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639931]: [Sch. 29 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/11) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I) (with [ss. 7(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/7/5), [93(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/93/4)); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [art. 2(1)](https://www.legislation.gov.uk/uksi/1993/2213/article/2/1), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) Appendix
[^c21639941]: [Sch. 29 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/12) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639971]: [Sch. 29 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/14) repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch.1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1) (with [Sch. 3 paras. 2](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/2), [4](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/4))
[^c21639981]: [Sch. 29 para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/15) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639991]: [Sch. 29 para. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/16) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640001]: [Sch. 29 para. 17](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/17) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640011]: [Sch. 29 para. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/18) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640021]: [Sch. 29 para. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/19) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640031]: [Sch. 29 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/20) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640041]: [Sch. 29 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/21) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640051]: [Sch. 29 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/22) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640061]: [Sch. 29 para. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/23) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640071]: [Sch. 29 para. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/24) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640081]: [Sch. 29 para. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/25) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640091]: [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/26) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640101]: [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/27) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640111]: [Sch. 29 para. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/28) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809711]: Entry in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c21642601]: Entry in Sch. 29 para. 32 Table repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 81](https://www.legislation.gov.uk/ukpga/1991/31/section/81), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 1
[^c22809721]: Entries in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 18 para. 17 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21642651]: Entries in Sch. 29 para. 32 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [172](https://www.legislation.gov.uk/ukpga/1992/12/section/172), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21642831]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1) and by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c23835901]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [ss. 406(7)](https://www.legislation.gov.uk/ukpga/2003/21/section/406/7), [411](https://www.legislation.gov.uk/ukpga/2003/21/section/411), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1),(with transitional provisions in Sch. 18); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [art. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/2) (as amended ([8](https://www.legislation.gov.uk/uksi/2003/1900/article/8).[12](https://www.legislation.gov.uk/uksi/2003/1900/article/12).[2003](https://www.legislation.gov.uk/uksi/2003/1900/article/2003)) by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3))); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23835981]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (15.9.2003) by [Enterprise Act 2002 (c. 40)](https://www.legislation.gov.uk/ukpga/2002/40), [s. 279](https://www.legislation.gov.uk/ukpga/2002/40/section/279), [Sch. 26](https://www.legislation.gov.uk/ukpga/2002/40/schedule/26): [S.I. 2003/2093](https://www.legislation.gov.uk/uksi/2003/2093), [art. 2(1)](https://www.legislation.gov.uk/uksi/2003/2093/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/2093/schedule/1) (with [art. 4](https://www.legislation.gov.uk/uksi/2003/2093/article/4))
[^c21643261]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1)
[^c21643301]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c22809731]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809741]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809751]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23836281]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836301]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21818231]: [Sch. 30 para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 1 para. 8(43)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/43)
[^c23377111]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/2/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/3)
[^c22747341]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/2), [Sch. 24 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/1)
[^c22746961]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/2), [Sch. 11](https://www.legislation.gov.uk/ukpga/1997/16/schedule/11)
[^c22746191]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) inserted (with effect in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)
[^c22747251]: [Sch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/2)
[^c22747091]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 58(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/9/part/1)
[^c22747351]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/2), [Sch. 12 Pt. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/1)
[^c22747141]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/2), [Sch. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/10)
[^c22747001]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) inserted (with effect in accordance with [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 139](https://www.legislation.gov.uk/ukpga/1996/8/section/139), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/2)
[^c22747231]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3)
[^c22734791]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/12/paragraph/6/2)
[^c22746341]: [Sch. 15B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B) inserted (with effect in accordance with [s. 71(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15)
[^c22768001]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) inserted (with effect in accordance with [s. 100(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/3), [Sch. 15](https://www.legislation.gov.uk/ukpga/1990/29/schedule/15); [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c23377151]: [Sch. 19B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/3), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)
[^c22747271]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 61](https://www.legislation.gov.uk/ukpga/2000/17/section/61), [Sch. 13 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/27) (with [Sch. 13 paras. 28](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/28), [29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/29))
[^c22746361]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/2), [Sch. 14](https://www.legislation.gov.uk/ukpga/1995/4/schedule/14)
[^c21568171]: [S. 6](https://www.legislation.gov.uk/ukpga/1988/1/section/6) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 1(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/1/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21568181]: Table K Vol.1.*See*—[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(2).1990(C) s.92—*balancing charge on a person liable to corporation tax in respect of dwelling houses let on assured tenancies to be made under* Sch.A.
[^c21568191]: Source—1970 s.238
[^c21568201]: *See* 1988(F) s.148*and* Sch.14 Part V*for repeals which will take place from* 6*April* 1993.
[^c21819241]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with effect in accordance with Sch. 8 Pt. 2(4) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8)
[^c21819261]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 110](https://www.legislation.gov.uk/ukpga/2001/9/section/110), [Sch. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33)
[^c21568221]: *See*—1970(M) s.94—*set off to be disregarded in computing penalty for failure to deliver a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819281]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568231]: Source—1982 s.26(7)
[^c21568241]: Source—1970 s.240(7)
[^c21819291]: Words in [s. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c22720351]: [S. 7(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/5) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23346541]: [S. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 5](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347941]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) excluded (1.9.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z57](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z57) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24))
[^c21568301]: Source—1970 s.243 (1)-(3), (5)-(7); 1974 s.36; 1987(No. 2) s.90(1)(a)
[^c21568311]: [S. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/3): the day appointed for the purposes of s. 8(3) is 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21568321]: [S. 8(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/4) repealed (27.7.1993 with application in relation to resolutions passed after the day on which [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34) is passed) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 205(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/205/7), [206(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.VI](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/VI)
[^c21568361]: Source—1970 s.250
[^c23332731]: [S. 9(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a/b) substituted for words in s. 9(3) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332751]: Words in [s. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333931]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333951]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333871]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333971]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23346571]: Words in [s. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2) renumbered as s. 9(2)(a) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346711]: [S. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2/b) and preceding word inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347211]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347231]: Words in [s. 9(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21568511]: *See*—1970(M) s.94(2)—*set off to be disregarded in computing penalty for failure to make a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819641]: [S. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568521]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (27.7.1993 with effect in accordance with [s. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21568531]: SOURCE-1982 s. 26(7)
[^c21819671]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568541]: SOURCE-1970 s. 247; 1972 s. 107(1)
[^c21568551]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21797311]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4(2)(b)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/b)
[^c21797591]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (SI 1997/1154), {reg. 25(2)}
[^c21797511]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) inserted (with effect as mentioned in [Sch. 24 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/a)
[^c21797531]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) substituted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/b)
[^c21797571]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (19.3.1997) by [S.I. 1995/171](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A) (as inserted by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [reg. 4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c21797611]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4](https://www.legislation.gov.uk/uksi/1997/473/regulation/4) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 154](https://www.legislation.gov.uk/uksi/2001/3629/article/154)); and that modifying reg. 4 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 5](https://www.legislation.gov.uk/uksi/2004/822/regulation/5)
[^c21797631]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/2)
[^c23332921]: [S. 12(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/3/da) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/2)
[^c23332961]: Words in [s. 12(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/4)
[^c23333001]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/6)
[^c23334381]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [79(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/79/2)
[^c23333991]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/2)
[^c21568671]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1991 and subsequent financial years) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/3) [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1994 and subsequent financial years) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3)
[^c21568681]: SOURCE-1972 s. 95; 1973 Sch. 14 2, 4; 1983 (No. 2) s. 2(2); 1987 (No. 2) s. 74(4)
[^c21568691]: 1989 s.105(1)*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “a company resident in the United Kingdom”.
[^c21568701]: *For rates and fractions see* Table K Vol.1.
[^c21568711]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1990) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 23(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/23/2)
[^c21568721]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 22(b)](https://www.legislation.gov.uk/ukpga/1992/48/section/22/b). [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 54(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/54/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1995) by Finance Act 1995 (c. 4,) {s. 38(b)} [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 78(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/78/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 59(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/59/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 28(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/28/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1999) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/29/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 36(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/36/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 55(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/55/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 31(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/31/b)
[^c21568771]: [S. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) amended (27.7.1993 with application as mentioned in s. 78(11) of the Amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21834881]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/a)
[^c21834911]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/b)
[^c21845781]: [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 99(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/99/5) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55)) [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with Sch. 14 para. 10 of the 1997 affecting Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 38D(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/38D/6) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 84](https://www.legislation.gov.uk/ukpga/1997/16/section/84), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1997/16/schedule/14/paragraph/2))
[^c21835911]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/2)
[^c21842921]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/3)
[^c21845791]: Words in [s. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) (7) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(2), Sch. 8 Pt. 2(11) Note
[^c21847281]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(3), Sch. 8 Pt. 2(11) Note
[^c21847351]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) substituted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/2)
[^c21847421]: [S. 13(8AA)(8AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA/8AB) inserted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/3)
[^c22720361]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/b)
[^c21847461]: [S. 13(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/9) repealed (with effect in accordance with Sch. 20 Pt. 3(2) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/2)
[^c23334421]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/10)
[^c21853121]: Words in [s. 13(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/a) repealed (with application in accordance with s. 86(6) and Sch. 33 Pt. 2(11) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/a), [Sch. 33 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/11)
[^c21853141]: Words in [s. 13(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/b) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/b)
[^c21853161]: [S. 13(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7A) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/3)
[^c21853181]: [S. 13(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/4)
[^c23334071]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/b)
[^c23334031]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/a)
[^c23347441]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) applied (1.1.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B(3)(a)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14B/3/a) (as inserted by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11) (with [regs. 30](https://www.legislation.gov.uk/uksi/2008/3159/regulation/30), [31](https://www.legislation.gov.uk/uksi/2008/3159/regulation/31)))
[^c23334441]: Words in [s. 13A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/1) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/3), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568881]: SOURCE-1972 s. 84(4)
[^c21568891]: *For rates see* Table J Vol.1.
[^c21568931]: *See* 1980 s.117*and* Sch.18—*demergers.*
[^c21827291]: [S. 14(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/14/1/3) repealed (with effect as mentioned in Sch. 3 para. 8(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/8/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2) Note
[^c21828901]: [Ss. 15-17](https://www.legislation.gov.uk/ukpga/1988/1/section/15): Schs. A-C excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21568981]: SOURCE-1970(1)–(3)
[^c21568991]: *See*—1970(M) s.19—*information for purposes of* Sch.A*and associated* Sch.D*charges.*1990(C ) s.9(5)—*manner of making allowances and charges.*1990(C) s.67(3)—*allowances in respect of leased assets employed for thermal insulation.*1990(C) s.92—*allowances in respect of dwelling houses let on assured tenancies.*
[^c21569021]: [S. 51(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/3) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part V](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 1
[^c22720711]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/1) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720721]: [S. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720741]: [S. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/2) repealed (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4)
[^c22720771]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) repealed (with effect in accordance with s. 79(3) of, and Sch. 23 to, the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^c22720751]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/1/b), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22720781]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 1(4)(b) repealed (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(2)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/2), [Sch. 13 Pt. 1](https://www.legislation.gov.uk/asp/2000/5/schedule/13/part/1); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23334701]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(3)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/3/4)
[^c23347461]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (6.4.2008) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/3) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I.2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23334081]: Words in [s. 15(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334101]: Words in [s. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334121]: [S. 15(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334141]: Words in [s. 15(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569121]: SOURCE-1970 s. 108(1)
[^c21569131]: *See, as regards exemption, the following provisions of this Act:*—s.320—*Commonwealth Agents—General and official agents etc.*[s.322](https://www.legislation.gov.uk/ukpga/1988/1/section/322)—*certain consular officers and employees.*[s.323](https://www.legislation.gov.uk/ukpga/1988/1/section/323)—*visiting forces and staffs of allied headquarters.*[s.325](https://www.legislation.gov.uk/ukpga/1988/1/section/325)—*certain savings bank interest.*[s.326](https://www.legislation.gov.uk/ukpga/1988/1/section/326)—*sums payable under certified contractual saving schemes.*[s.327](https://www.legislation.gov.uk/ukpga/1988/1/section/327)—*interest on damages for personal injuries.*[s.328](https://www.legislation.gov.uk/ukpga/1988/1/section/328)—*funds in court.*[s.330](https://www.legislation.gov.uk/ukpga/1988/1/section/330)—*German annuities in compensation for National Socialist persecution.*[s.438](https://www.legislation.gov.uk/ukpga/1988/1/section/438)—*annuity funds of insurance companies doing pension business.*[s.459](https://www.legislation.gov.uk/ukpga/1988/1/section/459)*to* 461—*certain friendly societies.*[s.467](https://www.legislation.gov.uk/ukpga/1988/1/section/467)—*certain trade unions*[s.476](https://www.legislation.gov.uk/ukpga/1988/1/section/476)—*certain dividends and interest payable by building societies* (*Repealed by* 1990 s.30*and* Sch.5 para.2*for* 1991-92*and subsequent years.*).s.484—*savings banks.*[s.505](https://www.legislation.gov.uk/ukpga/1988/1/section/505)*and* 506—*charities.*[s.507](https://www.legislation.gov.uk/ukpga/1988/1/section/507)—*British Museum.*[s.508](https://www.legislation.gov.uk/ukpga/1988/1/section/508)—*scientific research associations.*[s.510](https://www.legislation.gov.uk/ukpga/1988/1/section/510)—*agricultural societies.*[s.514](https://www.legislation.gov.uk/ukpga/1988/1/section/514)—*funds for reducing National Debt.*[s.517](https://www.legislation.gov.uk/ukpga/1988/1/section/517)—*issue departments of Reserve Bank of India and State Bank of Pakistan.*[s.519](https://www.legislation.gov.uk/ukpga/1988/1/section/519)—*local authorities.*[s.578](https://www.legislation.gov.uk/ukpga/1988/1/section/578)—*housing grants.*[s.581](https://www.legislation.gov.uk/ukpga/1988/1/section/581)—*interest on certain local authority borrowing in foreign currency.*[s.613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4)—*Parliamentary pension funds.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)—*national insurance supplementary schemes etc; and certain Indian family pension funds.*[s.614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3)—*certain pension funds for Crown service abroad.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)*and* 615—*certain pension funds for overseas employees.*[s.620(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/5)*and* (6)—*approved retirement annuity trust schemes.*[s.656](https://www.legislation.gov.uk/ukpga/1988/1/section/656)*and* 657—*certain purchased life annuities.*[s.688](https://www.legislation.gov.uk/ukpga/1988/1/section/688)—*certain interest received by trustees of schemes for directors and employees to acquire shares.* *See also*—1989 s.43*for periods of account ending after* 5*April* 1989*involving emoluments.*Income Tax (Repayment of Post-War Credits) Act 1959 s.2(4) (*see* Part II Vol.5)—*interest on post-war credits.*[Diplomatic Privileges Act 1964 (c.81)](https://www.legislation.gov.uk/ukpga/1964/81).[Commonwealth Secretariat Act 1966 (c.10)](https://www.legislation.gov.uk/ukpga/1966/10), [s.1(2)](https://www.legislation.gov.uk/ukpga/1966/10/section/1/2)*and* Sch. Part I para.3—*the Commonwealth Secretariat.*[International Organisations Act 1968 (c.48)](https://www.legislation.gov.uk/ukpga/1968/48)—*certain international organisations and persons connected therewith.*Double taxation agreements (listed in Part III Vol.5)*in force under* ss.788-799*of this Act as to certain persons resident abroad.*
[^c21569141]: *See* 1970(M) Part VIII*as to charges on non-residents.*
[^c21569161]: SOURCE-1970 s. 109(1), (2)
[^c21569171]: *See*—1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefits in return.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (*in* Part III Vol.5) regn.8—*computation of profits and gains in respect of payments attributable to non-resident entertainers and sportsmen.*
[^c21569181]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.S.I. [1986 No. 1948](https://www.legislation.gov.uk/ukcm/1986/1948) (*in* Part III Vol.5) regn.8(2)(d)—*interest on cash deposits which are plan investments under personal equity plans.*1990 s.56*and* Sch.10 para.12(4)—*treatment of chargeable events in relation to convertible securities.*[Housing Act 1957 (c.56)](https://www.legislation.gov.uk/ukpga/1957/56) Sch.8 para.4*and* [Housing (Scotland) Act 1966 (c.49)](https://www.legislation.gov.uk/ukpga/1966/49) Sch.7 para.4—*interest on certain small holdings of housing bonds.*[Housing Subsidies Act 1967 (c.29)](https://www.legislation.gov.uk/ukpga/1967/29) s.24(2)(c) (*reproduced in* Part II Vol.5)—*payment received by lender from Minister in respect of subsidised loan.*
[^c21569191]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.1990 s.56*and* Sch.10 paras.12(4)*and* 20—*treatment of chargeable events in relation to income received in the U.K. from convertible securities.*
[^c21569201]: *See also*—1990 ss.9(5)*and* 15—*certain balancing charges on lessors and others in respect of industrial buildings, machinery, etc.*1970(M) s.30—*recovery of overpayment of tax, etc.*1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefit in return.*1989 ss.68, 71—*charge on certain profits or gains of employee share ownership trusts.*1990(C) s.92(2)—*balancing charge in respect of dwelling houses let on assured tenancies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1956 No.1230](https://www.legislation.gov.uk/ukcm/1956/1230) (*in* Part III Vol. 5) regns. 4*and* 15—*additional liabilities in respect of purchased life annuities in certain contingencies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1989 No.469](https://www.legislation.gov.uk/ukcm/1989/469) (*in* Part III Vol. 5) regn.22(3)—*assessments to recover tax in respect of income under personal equity plans.*
[^c21569211]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I extended (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/a/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I restricted (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/b/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case 1 extended (with application in accordance with s. 219(4) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/a) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I modified (29.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/19) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II, VI extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/4) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II restricted (with application in accordance with s. 42(3) of the restricting Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 42(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/1/2) (with [s. 42(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/4/5)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, III, V modified (with effect in accordance with s. 117(4)(5) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 84](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/84) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, VI restricted (with application in accordance with s. 46(7) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 46(1)-(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/46/1)
[^c21792421]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases II-VI excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21569221]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (16.7.1992 with effect in relation to chargeable periods ending after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [Sch. 12 paras. 1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/1), [3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7). [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (27.7.1993 with effect as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 130(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/130/2/4), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI restricted (27.7.1993) by [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 paras. 19(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/19/2), [20(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/20/2) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with application in accordance with Sch. 20 para. 11(1)(2) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218), [Sch. 20 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/11/3) (with [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 117(4)(5) of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 52(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/52/4) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 579 of the extending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 256(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/256/2/b/4) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c21569241]: SOURCE-1970 ss. 108(3), 109(3)
[^c21792911]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D excluded (with effect in accordance with s. 39(4)(5) of the excluding Act) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 588(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24))
[^c21792731]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case I inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/2)
[^c21792851]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III extended (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 157(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/7) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III applied (with effect as mentioned in s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/4), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III modified (with effect as mentioned in s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/5), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases III, IV extended (with effect in accordance with s. 105(1) of the extending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/1/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21792961]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/1) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21792981]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case III para. (c) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/a) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793061]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case IV repealed (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/b), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c21794021]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case V extended (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/3) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21793001]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/c) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793081]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A) inserted (with effect as mentioned in [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21793021]: [S. 18(3B)-(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3B) inserted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793041]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/4) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23332821]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332831]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case V substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332841]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333121]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) inserted (with effect in accordance with [s. 97(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/97/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 105(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/105/4) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23334181]: [S. 18(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334201]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334221]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357441]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A): Sch. D Case III para. (c) repealed (with effect in accordance with Sch. 7 para. 12(9)(13) of the repealing Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 12(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/12/9), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21569491]: SOURCE-1970 s. 90(1); 1972 s. 81(3)
[^c21569501]: SOURCE-1970 s. 90(2)
[^c21569511]: SOURCE-1970 s. 90(2A), (2B); 1972 s. 81(4)
[^c21569521]: SOURCE-1970 s. 90(3)
[^c21569531]: SOURCE-1970 s. 71(2)
[^c21819701]: Words in [s. 24(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 Para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/1)
[^c21819721]: [S. 24(6)(c)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/6/c/7) and word preceding s. 24(6)(c) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21856561]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21856571]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21856601]: [S. 21A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/5) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/3), [Sch. 23 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/1)
[^c23348091]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348111]: Words in [S. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348131]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23351541]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/2)
[^c23351741]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (6.4.2008) by the [Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/2) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23348191]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23348351]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348171]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284](https://www.legislation.gov.uk/ukpga/2004/12/section/284), [Sch. 35 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23348371]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348391]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348411]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(a)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/a/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349101]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351561]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/102/3)
[^c23349121]: Word in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349141]: Words in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805301]: [S. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/7)
[^c21569731]: SOURCE-1970 s. 76
[^c21569741]: *See* 1979(C) s.34(4)(b)—*restriction, by reference to capital allowances, of capital losses for purpose of capital gains.*
[^c21805311]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/11) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349161]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349181]: Words in [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2/a) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349201]: [S. 30(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569961]: *See* 1976(D) s.34*and* Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part. X*with effect from* 19*March* 1985.
[^c21569971]: SOURCE-1970 s. 80(1), (2)
[^c21569981]: SOURCE-1970 s. 80(2); 1987 Sch. 15 para. 13
[^c21569991]: SOURCE-1970 s. 80(3), (4)
[^c21570001]: SOURCE-1970 s. 80(5)
[^c21570011]: SOURCE-1970 s. 80(6), (7); 1972 s. 81(1)
[^c21570021]: *See* 1979(C) s.106*and* Sch.3 paras.5*and* 7—*exclusion of amounts taxed under this section in computing capital gains.*
[^c21794731]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/9)
[^c21794711]: [S. 34(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/9) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 08(01)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/08/01), Note
[^c21794841]: Words in [s. 34(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/1) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/2)
[^c21794761]: Words in [s. 34(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/3), (with Sch. 5 para. 73)
[^c21794861]: Words in [s. 34(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/a)
[^c21794881]: Words in [s. 34(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/b)
[^c21794901]: Words in [s. 34(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/a)
[^c21794921]: Words in [s. 34(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/b)
[^c21794781]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/4), (with Sch. 5 para. 73)
[^c21794801]: [S. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/5), (with Sch. 5 para. 73)
[^c21794821]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/6), (with Sch. 5 para. 73)
[^c23349221]: Words in [s. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) (1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349331]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349351]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349371]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349391]: Word in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349411]: Word in [s. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349431]: Word in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349531]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349551]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570031]: *See* 1979(C) s.106*and* Sch.3 para.6(2)—1979(C) s.31 (*exclusion from capital gains computation of sums charged to income tax or corporation tax*)*not to apply to amounts on which tax paid under* s.35.
[^c21797731]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/1) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/1)
[^c21570041]: SOURCE-1970 s. 81(1)
[^c21797691]: [S. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/10)
[^c21570051]: SOURCE-1970 s. 81(2)
[^c21797771]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/3), (with Sch. 5 para. 73)
[^c21797791]: [S. 35(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/4), (with Sch. 5 para. 73)
[^c23349571]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349591]: Words in [s. 35(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349611]: Words in [s. 35(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805371]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24)
[^c21570061]: *See* 1976(D) Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21805381]: [S. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/11)
[^c21570071]: SOURCE-1970 s. 82(1), (2)
[^c21570081]: *See* 1979(C) s.106*and* Sch.3 para.6(3)—*effect of claim under* s.36(2)(b)*on computation of capital gains.*
[^c21570091]: SOURCE-1970 S. 82(3)
[^c21570101]: *See* 1979(C) s.106*and* Sch.3 para.5(3)—*deduction of amounts chargeable under* s.36*in computing capital gains.*
[^c21570111]: SOURCE-1970 s. 82(1), (3)
[^c21805411]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805431]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805451]: [S. 36(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/4B) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/4) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349631]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349661]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349681]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349701]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349721]: Words in [s. 36(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349741]: Words in [s. 36(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21799401]: [S. 37](https://www.legislation.gov.uk/ukpga/1988/1/section/37) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/12)
[^c21570121]: SOURCE-1970 s. 83(1); 1978 s. 32(2)
[^c21570161]: *See* 1979(C) s.106*and* Sch.3 para.6(1)—*allowance under this subsection to be deducted from any loss on disposal of lease.*
[^c21570171]: SOURCE-1970 s. 83(2)
[^c21570181]: SOURCE-1970 s. 83(3)
[^c21570191]: SOURCE-1970 s. 83(4)
[^c21570201]: SOURCE-1970 s. 83(5)
[^c21570211]: *See* 1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21570221]: SOURCE-1970 s. 83(7)
[^c21799441]: [S. 37(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/2), (with Sch. 5 para. 73)
[^c21570151]: 1990 s.89*and* Sch.14 para.2 (*correction of errors*)—*deemed always to have had effect. Previously* “subsection (2) below”, “this subsection” *and* “the amount of that tax” *respectively.*
[^c21799461]: Words in [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/a), (with Sch. 5 para. 73)
[^c21799481]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/b), (with Sch. 5 para. 73)
[^c21799501]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/a), (with Sch. 5 para. 73)
[^c21799521]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/b), (with Sch. 5 para. 73)
[^c21799541]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/5), (with Sch. 5 para. 73)
[^c23348441]: Word in [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349761]: [S. 37(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349781]: Words in [s. 37(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349801]: Word in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349821]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349841]: Word in [S. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349861]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349871]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349891]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349911]: [S. 37(7)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/7/b/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349931]: Words in [s. 37(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349951]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349971]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349991]: [S. 37(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570231]: SOURCE-1970 S. 84(1)(b)–(d); 1972 s. 81(2)(a), (b)
[^c21570241]: [S. 38(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1/a/4) excluded (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 5(4)(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/5/4/6), [6(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7).
[^c21570251]: SOURCE-1970 s. 84(2); 1972 s. 81(2)(c)
[^c21570271]: SOURCE-1970 s. 84(3A); 1972 s. 81(5)
[^c21570281]: SOURCE-1970 s. 84(3); 1972 s. 81(2)(d)
[^c21570291]: *See* 1990(C) s.11(4)—*rules applied in connection with leases for industrial buildings and structures.*
[^c21570301]: SOURCE-1970 s. 84(4)
[^c21799581]: [S. 38(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1)(6) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 291(3)](https://www.legislation.gov.uk/ukpga/2001/2/section/291/3)
[^c21799561]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (with effect as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/2)
[^c23350031]: Words in [s. 38(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350051]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570311]: SOURCE-1970 s. 85(1)
[^c21570321]: *Repealed by* 1988(F) ss.75, 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21570331]: SOURCE-1970 s. 86
[^c21805531]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/2), (with Sch. 5 para. 73)
[^c21805551]: Words in [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/3), (with Sch. 5 para. 73)
[^c21805571]: [S. 40(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/4A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/4), (with Sch. 5 para. 73)
[^c21805591]: [S. 40(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/5) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(f)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/f); and s. 40(5) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/5), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350071]: Word in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350091]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350111]: Word in [s. 40(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350131]: Word in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350151]: Words in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (3.11.2004 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Deductions for Expenditure etc.) Regulations 2004 (S.I. 2004/2664)](https://www.legislation.gov.uk/uksi/2004/2664), [reg. 4](https://www.legislation.gov.uk/uksi/2004/2664/regulation/4)
[^c21570361]: SOURCE- 1972 s. 82
[^c23351701]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (6.12.2007 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Income Tax) Regulations 2007 (S.I. 2007/3278)](https://www.legislation.gov.uk/uksi/2007/3278), [reg. 7](https://www.legislation.gov.uk/uksi/2007/3278/regulation/7)
[^c23350171]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) renumbered as s. 42(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350191]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350211]: [S. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570411]: *And see, as regards Ulster Savings Certificates,* Part III Vol.5.
[^c21570421]: SOURCE-1981 S. 34(1)
[^c21570431]: SOURCE-1970 s. 98
[^c21570441]: SOURCE-1981 s. 34(2)–(5); 1979 (C) s. 71(2)(a)
[^c21570451]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570461]: [1958 c.6](https://www.legislation.gov.uk/ukpga/1958/6).
[^c21570471]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c21570481]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c23353721]: Word in [s. 46(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353741]: Words in [s. 46(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353761]: Words in [s. 46(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353801]: [S. 46(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570681]: SOURCE-1970 s. 110(1), (2)
[^c21570691]: SOURCE-1970 s. 110(3)
[^c21570701]: 1988(F) Sch.6 para.6(7),*into force on* 6*April* 1988*subject to certain provisos. Previously* “(4) Subsection (3) above shall not affect the taxation of woodlands which are managed on a commercial basis and with a view to the realisation of profits”.
[^c21852211]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21852231]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357971]: Word in [s. 53(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357991]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358011]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358031]: Words in [s. 53(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852241]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358051]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/33) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570911]: *See* s.608—*exemption for certain superannuation funds.*
[^c21570951]: SOURCE-1973 s. 26(3); 1974 s. 30(2)
[^c21832991]: Word in [s. 56(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4) substituted (with effect in accordance with s. 164(5)(6) of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 164(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/4)
[^c23358091]: Words in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376721]: Words in [s. 56(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23359501]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358241]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359521]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571531]: SOURCE-1970 s. 129(1)
[^c21571541]: SOURCE-1970 s. 129(4)
[^c21571551]: SOURCE-1970 s. 129(5)
[^c21861051]: [S. 70](https://www.legislation.gov.uk/ukpga/1988/1/section/70) excluded (with application in accordance with s. 65(1)(3)(4) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 65(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/65/2/a)
[^c21833081]: Words in [s. 70(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21858921]: Words in [S. 70A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [580](https://www.legislation.gov.uk/ukpga/2001/2/section/580), [Sch. 2 para. 14](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/14), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21571571]: *See* S.I. [1987 No. 530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol. 5) regn. 16—*payments attributable to non-resident entertainers and sportsmen.*
[^c21571581]: SOURCE-1970 ss. 127(1), 129(2)
[^c21571591]: SOURCE-1970 s. 127(2), 527(4)
[^c21827611]: Word in [s. 72(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 121](https://www.legislation.gov.uk/ukpga/1995/4/section/121)
[^c23359661]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358451]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571611]: *See*—1979(C) s.122—*election to take capital gain or loss into account when asset appropriated to stock in trade.*1989 ss.67-74—*employee share ownership trusts.*[Banking Act 1987 (c.22)](https://www.legislation.gov.uk/ukpga/1987/22) s.66—*contributions to the Deposit Protection Fund.*
[^c21571621]: SOURCE-1970 s. 130(a)–(m); 1987 Sch. 15para. 2(9)
[^c21571631]: *See* 1989 ss.112-113—*expenditure on security on or after* 6*April* 1989.
[^c21571661]: SOURCE-1970 s. 130(n), (o)
[^c21826011]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/159/4) (with [Sch. 18 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/3), [2(3)(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/2/3/4), [3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/3/3))
[^c21826031]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) renumbered as s. 74(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/2)
[^c21826061]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) substituted (with effect in accordance with [s. 144(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/1)
[^c21826101]: [S. 74(1)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/o) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/1)
[^c21826051]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9) {s. 144(2)}
[^c21833101]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 105(1) of the excluding Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 82(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/82/7) (with [ss. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [99](https://www.legislation.gov.uk/ukpga/1996/8/section/99), [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21847301]: [S. 74(1)(q)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/q) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21861071]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 Para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/14/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21852371]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853971]: [S. 74(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/a) extended (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/3177/regulation/5)
[^c21861091]: [S. 74(1)(m)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m/p) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c21852381]: Words in [s. 74(1)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23356371]: [S. 74(1)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/n) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23359681]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359701]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359721]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358481]: [S. 74(1)(b)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/b/o) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(d)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/d/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369191]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369211]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21860671]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 27](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/27) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23356411]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) substituted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(1)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/1/5)
[^c23376271]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/3), [199(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/b), [200(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/b), [246(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/b/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23356431]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/5)
[^c23385501]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24A(4)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24A/4/b) (as inserted (1.1.2009 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [27](https://www.legislation.gov.uk/uksi/2008/3159/regulation/27))
[^c23384551]: [S. 75(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/2A) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/2)
[^c23384581]: [S. 75(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/5A) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/3)
[^c23384601]: [S. 75(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/11) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/4)
[^c23356491]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) substituted (with effect in accordance with ss. 42, 44 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 40](https://www.legislation.gov.uk/ukpga/2004/12/section/40)
[^c23369731]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2005/2014/regulation/5) (as amended: (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2007/2134/regulation/5); (12.8.2008 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2008/1937/regulation/3))
[^c23376461]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/4), [199(2)(c)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/c/5), [246(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23376531]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 200(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/c), [246(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23369711]: Word in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) repealed (with effect in accordance with Sch. 11 Pt. 2(10) Note 1 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10)
[^c23369571]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) inserted (with effect in accordance with [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/2)
[^c23376701]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [3](https://www.legislation.gov.uk/uksi/2006/3270/article/3)
[^c23384621]: Words in [s. 76(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/1/b) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/2) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377811]: Words in [s. 76(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/1) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/2), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377991]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7): entries in Step 3 repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23384731]: Words in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 5 substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/3/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23384761]: Words in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 5 substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23384641]: Word in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 8 substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/3/a) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377871]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Steps 9, 10 repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/3/b), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23377911]: [S. 76(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/10/11) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/4), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23384661]: Words in [s. 76(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/12/a) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/5/a) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23384681]: Words in [s. 76(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/12) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/5/b) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23384701]: [S. 76(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/13) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/6) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377831]: [S. 76(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/14) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377851]: [S. 76(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/15): definition of "capital redemption business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377941]: Words in [s. 76(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/15) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23358511]: [S.77](https://www.legislation.gov.uk/ukpga/1988/1/section/77) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/47), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21834651]: [S. 78](https://www.legislation.gov.uk/ukpga/1988/1/section/78) repealed with saving (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/10), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21572171]: SOURCE-1982 s. 48(1)–(4)
[^c21572181]: SOURCE-1982 s. 48(5)
[^c21572191]: SOURCE-1982 s. 48(6)–(9)
[^c21856471]: [S. 79](https://www.legislation.gov.uk/ukpga/1988/1/section/79): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21856481]: [S. 79(4)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/4/8): functions transferred (1.7.1999) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750)](https://www.legislation.gov.uk/uksi/1999/1750), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/1750/article/1/1), [2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1) (with [art. 7](https://www.legislation.gov.uk/uksi/1999/1750/article/7))
[^c21852411]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858671]: Words in [s. 79(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/11) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23356861]: Words in [s. 79(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23356901]: [S. 79(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23359841]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359861]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359891]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359911]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359931]: Words in [s. 79(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359951]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359971]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360001]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360021]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360041]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360071]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572211]: 1990 s.76.
[^c21826241]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826261]: Word in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826281]: [S. 79A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/4)
[^c21826321]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/5)
[^c21852421]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858701]: Words in [s. 79A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c21858691]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23359591]: Words in [s. 79A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 3(2)
[^c23359601]: [S. 79A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360091]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360111]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360141]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360161]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360181]: Words in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360221]: Words in [s. 79A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360241]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360271]: Words in [s. 79A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360291]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360311]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360341]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358531]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358551]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358561]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572251]: SOURCE-1970 s. 132
[^c21572261]: [Sch.7 para.36(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/2) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)—*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)*Previously* “the extension of the period of copyright in a design”.
[^c21827491]: [S. 83(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/a) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21827471]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) repealed (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 5](https://www.legislation.gov.uk/ukpga/1994/26/schedule/5); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21852461]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23360671]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/56) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572291]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/68/1/2)
[^c21856451]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21834661]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/2)
[^c21834681]: [S. 84(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A/3B) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/3)
[^c21859171]: Words in [s. 84(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/1/a)
[^c21859141]: [S. 84(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by Capital Allowances Act 2001 (c, 2), Sch. 2 para. 17(1)(b)(3), {Sch. 4}
[^c21859211]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/a)
[^c21859231]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/b)
[^c21859251]: Words in [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/4)
[^c23360931]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360951]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360971]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360991]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361011]: [S. 84(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A): by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/4) it is provided that "In subsection (3A) for "above is--" to the end substitute "the period of two years beginning at the end of the accounting period in which the gift is made."" (in force 6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/883/1) of the amending Act) (with Sch. 2)
[^c23358571]: [S. 84(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361031]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361051]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361081]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361101]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361131]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572311]: SOURCE-1978 s. 60
[^c21858731]: [S. 85](https://www.legislation.gov.uk/ukpga/1988/1/section/85) amended (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 50](https://www.legislation.gov.uk/ukpga/2000/17/section/50)
[^c21852481]: Words in [s. 85(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357011]: [S. 85(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/b/c) substituted for s. 85(1)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 5(2)
[^c21572331]: SOURCE-1983 s. 28; 1984 s. 33; 1987 s. 34
[^c21856741]: Words in [s. 86(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3) repealed (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(2)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/2/5), [Sch. 20 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/14), Note
[^c21856761]: [S. 86(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3/a) substituted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/3)
[^c21856781]: [S. 86(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/4) inserted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/4)
[^c23357131]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(2)
[^c23357151]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): definition of "deductible" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(3)
[^c23361171]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361191]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361211]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): words in definition of "deductible" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572371]: *See*—1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*from* 19*March* 1985.1990(C) s.111—*reduction of qualifying expenditure for premium relief.*
[^c21827511]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S. I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21572381]: SOURCE-1970 s. 134(1); 1978 s. 32
[^c21572391]: SOURCE-1970 s. 134(2), (3); 1978 s. 32
[^c21572401]: SOURCE-1970 s. 134(4)
[^c21572411]: SOURCE-1970 s. 134(4)(a)
[^c21572421]: SOURCE-1970 s. 134(4)(b)
[^c21572431]: SOURCE-1970 s. 134(5), (6); 1986 Sch. 13 para. 26
[^c21572451]: *Words repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21572461]: SOURCE-1970 s. 134(1)(i), (ii)
[^c21832891]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/2)
[^c21847131]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c21827711]: [S. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) modified (with effect in accordance with s. 39(4)(5) of the modifying act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/14/1)
[^c21853591]: [S. 87(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/a/b) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/34) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21852521]: Words in [s. 87(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853581]: [S. 87(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/10) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21859271]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 18](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/18)
[^c23361271]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358591]: Word at the end of s. 87(1)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361291]: [S. 87(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361311]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361331]: Words in [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361351]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361381]: Words in [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361401]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361421]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361441]: Word in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361461]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361481]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361501]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361531]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361571]: Word in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361591]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361611]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361631]: Word in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361651]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361691]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361721]: Words in [s. 87(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361741]: [S. 87(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361761]: [S. 87(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572471]: SOURCE-1972 s. 124(1)
[^c21572481]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21852541]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357191]: [S. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 9(2)
[^c23361801]: Words in [s. 88](https://www.legislation.gov.uk/ukpga/1988/1/section/88) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361821]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361841]: Words in [s. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416311]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834711]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416321]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834721]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416331]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834741]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23361861]: [S. 89](https://www.legislation.gov.uk/ukpga/1988/1/section/89) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/65) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369401]: Words in [s. 89(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/3) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/a)
[^c23369421]: [S. 89(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/4/5) added (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/b)
[^c23357211]: [S. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(2)
[^c23357241]: [S. 90(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(3)
[^c23361881]: Words in [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361901]: Words in [s. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361931]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358611]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572521]: SOURCE-1970 s. 141(1)
[^c21572531]: SOURCE-1970 s. 141(2)
[^c21572541]: SOURCE-1970 s. 141(3)–(8)
[^c21572551]: [1952 c. 33](https://www.legislation.gov.uk/ukpga/1952/33).
[^c21852581]: Words in [s. 91(1)(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/4/a/i) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859291]: [S. 91(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 19](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/19)
[^c23363401]: Words in [s. 91(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363421]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363731]: Words in [s. 91(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364111]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364131]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364151]: Words in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364171]: Word in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364191]: Words in [s. 91(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364211]: Words in [s. 91(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364231]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364251]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364271]: [S. 91(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572731]: [Ss. 91A](https://www.legislation.gov.uk/ukpga/1988/1/section/91A), [91B](https://www.legislation.gov.uk/ukpga/1988/1/section/91B) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 78](https://www.legislation.gov.uk/ukpga/1990/29/section/78).
[^c21572741]: Words in [s. 91A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/4/b) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(a)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/a); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572751]: [1974 c. 40](https://www.legislation.gov.uk/ukpga/1974/40).
[^c21572761]: [S.I. 1978/1049 (N.I.19)](https://www.legislation.gov.uk/nisi/1978/1049).
[^c21572771]: [S. 91A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/c) and the word “or” immediately preceding it inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/1/3)
[^c21572781]: [1960 c. 34](https://www.legislation.gov.uk/ukpga/1960/34).
[^c21572791]: [1993 c. 12](https://www.legislation.gov.uk/ukpga/1993/12).
[^c21572801]: [1965 c. 57](https://www.legislation.gov.uk/ukpga/1965/57).
[^c21572811]: [S. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(b)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/b); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572821]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c21572841]: [1991 c. 34](https://www.legislation.gov.uk/ukpga/1991/34).
[^c21847761]: Words in [s. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (S.) (27.5.1997) by [Planning (Consequential Provisions) (Scotland) Act 1997 (c. 11)](https://www.legislation.gov.uk/ukpga/1997/11), [s. 6(2)](https://www.legislation.gov.uk/ukpga/1997/11/section/6/2), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/1997/11/schedule/2/paragraph/41)
[^c21852601]: Words in [s. 91A(2)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858821]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (E.W.) (1.8.2000) by [The Pollution Prevention and Control (England and Wales) Regulations 2000 (S.I. 2000/1973)](https://www.legislation.gov.uk/uksi/2000/1973), [Sch. 10 para. 1](https://www.legislation.gov.uk/uksi/2000/1973/schedule/10/paragraph/1) (with [reg. 5](https://www.legislation.gov.uk/uksi/2000/1973/regulation/5))
[^c21858841]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (S.) (28.9.2000) by [The Pollution Prevention and Control (Scotland) Regulations 2000 (S.S.I. 2000/323)](https://www.legislation.gov.uk/ssi/2000/323), [Sch. 10 para. 2](https://www.legislation.gov.uk/ssi/2000/323/schedule/10/paragraph/2) (with [reg. 34](https://www.legislation.gov.uk/ssi/2000/323/regulation/34))
[^c21861161]: [S. 91A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/8) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23354891]: Words in [s. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (31.3.2003) by [The Pollution Prevention and Control Regulations (Northern Ireland) 2003 (S.R. 2003/46)](https://www.legislation.gov.uk/nisr/2003/46), [reg. 1](https://www.legislation.gov.uk/nisr/2003/46/regulation/1), [Sch. 11 para. 3](https://www.legislation.gov.uk/nisr/2003/46/schedule/11/paragraph/3)
[^c23364291]: Word in [s. 91A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358631]: Words in [s. 91A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572861]: [S. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/2/3)
[^c21852621]: Words in [s. 91B(2)(5)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2/5/a/6/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861191]: [S. 91B(11)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/11/e) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23364311]: Words in [s. 91B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358651]: Words in [s. 91B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364341]: Word in [s. 91B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364361]: Words in [s. 91B(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364381]: Words in [s. 91B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364401]: Words in [s. 91B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364421]: Words in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364451]: Word in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572301]: [S. 84A](https://www.legislation.gov.uk/ukpga/1988/1/section/84A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 42](https://www.legislation.gov.uk/ukpga/1991/31/section/42)
[^c21852471]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354591]: [S. 84A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354611]: Words in [s. 84A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23356941]: [S. 84A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/b/c) substituted for s. 84A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(2)
[^c23356961]: Words in [s. 84A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(3)
[^c23356981]: [S. 84A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3ZA) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(4)
[^c23361151]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/59) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572321]: [S. 85A](https://www.legislation.gov.uk/ukpga/1988/1/section/85A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 43](https://www.legislation.gov.uk/ukpga/1991/31/section/43)
[^c21852491]: Words in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/10)
[^c23357031]: Word in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(a)
[^c23357051]: [S. 85A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/b/c) substituted for s. 85A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(b)
[^c23357071]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(3)
[^c23357111]: [S. 85A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(4)
[^c21572361]: [S. 86A](https://www.legislation.gov.uk/ukpga/1988/1/section/86A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.69](https://www.legislation.gov.uk/ukpga/1993/34/section/69)
[^c21852511]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354651]: Words in [s. 86A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354671]: Words in [s. 86A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354691]: [S. 86A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23357171]: [S. 86A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 8(2)
[^c23361231]: Words in [s. 86A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361251]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852651]: Word in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859561]: Words in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 20](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/20)
[^c23364511]: Word in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364531]: Words in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861141]: [S. 83A](https://www.legislation.gov.uk/ukpga/1988/1/section/83A) modified (with effect in accordance with s. 58(4) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/a)
[^c21859081]: [S. 83A(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(1)(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/1/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859111]: Words in [s. 83A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/3)
[^c23360691]: Words in [s. 83A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360711]: Words in [s. 83A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360731]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360751]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360771]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360791]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360811]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360841]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360861]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360881]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360911]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357951]: [S. 82A](https://www.legislation.gov.uk/ukpga/1988/1/section/82A) modified (1.1.2005 with effect in accordance with art. 2 of the commencing S.I.) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 53(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/53/2); [S.I. 2004/3268](https://www.legislation.gov.uk/uksi/2004/3268), [art. 2](https://www.legislation.gov.uk/uksi/2004/3268/article/2)
[^c23360611]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360631]: Words in [s. 82A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360651]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23417381]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369591]: Words in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/2)
[^c23417391]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369611]: Words in [s. 82B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/3) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/3)
[^c23364471]: Words in [s. 91BA(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364491]: Word in [s. 91BA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860901]: [S. 76A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/3)
[^c21860921]: [S. 76A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/4)
[^c21860941]: [S. 76A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/5/6) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/5)
[^c23359821]: Words in [s. 76A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/46) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860961]: Words in [s. 76B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/7)
[^c21860981]: [S. 76B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/4) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/8)
[^c23356511]: Words in [s. 76B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/2)
[^c23356531]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) inserted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/a)
[^c23356551]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/b)
[^c23359621]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23359641]: [S. 79B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360361]: Word in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360381]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360411]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360431]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360451]: Words in [s.79B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/3) inserted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360471]: Words in [s. 79B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360491]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360521]: Words in [s. 79B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360541]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360561]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360591]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369301]: Words in [s. 75A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/a) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/a)
[^c23369321]: Words in [s. 75A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/b) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/b)
[^c21572871]: SOURCE-1984 s. 54(1), (4)
[^c21572881]: SOURCE-1984 s. 54(2), (3)
[^c21572891]: [1982 c. 52](https://www.legislation.gov.uk/ukpga/1982/52).
[^c21572901]: SOURCE-1980 s. 42(1)
[^c21572911]: SOURCE-1980 s. 42(2)
[^c21572921]: [1972 c. 63](https://www.legislation.gov.uk/ukpga/1972/63).
[^c21572931]: [1966 c. 36 (N.I.)](https://www.legislation.gov.uk/apni/1966/36).
[^c21572941]: [1971 c. 22 (N.I.)](https://www.legislation.gov.uk/apni/1971/22).
[^c21572951]: SOURCE-1980 s. 42(2); 1984 s. 55(1)
[^c21572961]: [S.I. 1982/1083 (N.I. 15)](https://www.legislation.gov.uk/nisi/1982/1083).
[^c21572971]: SOURCE-1980 s. 42(3); 1984 s. 55(2)
[^c23357261]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 11(2)
[^c23364551]: Word in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364571]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572981]: SOURCE-1970 s. 136
[^c21826351]: [S. 94](https://www.legislation.gov.uk/ukpga/1988/1/section/94) renumbered as s. 94(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/4)
[^c21826371]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/a)
[^c21852661]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364591]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364611]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369471]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/2)
[^c23369461]: [S. 94(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21847241]: [S. 95(1)(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1/1A/1B/2) substituted for s. 95(1)-(3) (with effect in accordance with [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/1)
[^c21849001]: [S. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/2)
[^c21849021]: Words in [s. 95(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/a)
[^c21849121]: [S. 95(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/b) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/b), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849041]: Words in [s. 95(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/c) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/c)
[^c21849131]: [S. 95(1A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/d) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/d), [Sch. 8 pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849061]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(e)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/e)
[^c21849141]: [S. 95(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1B) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/4), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849151]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/a), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849081]: Words in [s. 95(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2/a) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/b)
[^c21849101]: [S. 95(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2A) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/6)
[^c21849171]: [S. 95(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/4/5) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(7)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/7/8). {Sch. 8 Pt. 2(8)}
[^c23354741]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) repealed (with effect in accordance with Sch. 43 Pt. 3(6) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^c23356591]: [S. 95(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1C) inserted (2.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 137(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/137/2/6)
[^c23364651]: Words in [s. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358671]: [S. 95(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364671]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573031]: SOURCE-1970 s. 139
[^c21852681]: Words in [s. 97](https://www.legislation.gov.uk/ukpga/1988/1/section/97) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364691]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364711]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364731]: Words in [s. 98(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573061]: SOURCE-1970 s. 142(1)
[^c21573071]: SOURCE-1970 s. 142(2), (4)
[^c21573081]: SOURCE-1970 s. 142(2), (4)
[^c21852691]: Words in [s. 99(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364751]: Words in [s. 99(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364771]: Words in [s. 99(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364791]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364831]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364851]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23394171]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 2 para. 139(3)(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/139/3/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418131]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21573091]: *See*—1988(F) Sch.12 para.2—*building societies converting to companies.*[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(1)—*this provision not to apply to the discontinuance of an existing bank under the* TSB Act 1985.
[^c21573101]: Source—1970 s.137(1)
[^c21573111]: Source—1970 s.137(4)
[^c21829261]: Words in [s. 100(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/a) substituted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/1)
[^c21829301]: [S. 100(1A)-(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A) inserted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), by {s. 140(1)}
[^c21829321]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21852711]: Words in [s. 100(1)(1D)(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/1D/1E) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861421]: [S. 100](https://www.legislation.gov.uk/ukpga/1988/1/section/100) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/11/3); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21861211]: [S. 100(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1B/a) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 105(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/105/1), [Sch. 40 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/17)
[^c21861221]: [S. 100(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/3) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 106(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/1)
[^c23356611]: [S. 100(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1ZA) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/2/2)
[^c23364871]: Words in [s. 100(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364891]: Words in [s. 100(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364911]: Words in [s. 100(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364931]: Words in [s. 100(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1C/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364951]: Word in [s. 100(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1D) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364971]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364991]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358721]: Words in [s. 100(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/2/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573121]: Source—1970 s.138(1)
[^c21573131]: Source—1970 s.138(3)
[^c21573141]: Source—1970 s.138(5)
[^c21834931]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/2)
[^c21834951]: [S. 101(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/3)
[^c21852741]: Words in [s. 101(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365011]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358781]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358791]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365031]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358841]: [S. 101(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358811]: Words in [s. 101(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358861]: Words in [s. 101(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573151]: Source—1970 s.137(2), 138(2)
[^c21573161]: Source—1970 s.137(3), 138(4)
[^c21834971]: Words in [s. 102(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1/a) substituted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 22 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/11)
[^c21852761]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358901]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365051]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358921]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(a)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/a/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365071]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365091]: Word in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573171]: Source—1970 s.143; 1983 s.27(b)
[^c21573181]: [Sch.7 para.36(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/3) [Copyright Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced*).
[^c21826461]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/b)
[^c21826491]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/5)
[^c21852771]: Words in [s. 103(1)(2)(a)(b)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1/2/a/b/4/a/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365111]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358951]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365131]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365151]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365171]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365191]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358971]: [S. 103(3)(b)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/b/bb) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423281]: Words in [s. 103(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369491]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/2)
[^c23369271]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369511]: Words in [s. 103(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/5) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/5)
[^c21573191]: Source—1970 s.144(1)
[^c21573211]: Source—1970 s.144(3), (4)
[^c21852841]: Words in [s. 104(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853831]: [S. 104(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/4/5/7) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365231]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359011]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365251]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365271]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359031]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573221]: Source—1970 s.145
[^c21835011]: [S. 105](https://www.legislation.gov.uk/ukpga/1988/1/section/105) modified by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 15A](https://www.legislation.gov.uk/ukpga/1990/1/section/15A) (as inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 201](https://www.legislation.gov.uk/ukpga/1996/8/section/201), [Sch. 39 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/1/2))
[^c21852921]: Words in [s. 105(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1/a/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853881]: [S. 105(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/4) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365291]: Words in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365331]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365351]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365371]: Words in [s. 105(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376861]: Words in [s. 105(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/10), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21573231]: Source—1970 s.147
[^c21852931]: Word in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365411]: Words in [s. 106(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365431]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365451]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365471]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365491]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573271]: Source—1970 s.151(1)
[^c21573291]: Source—1970 s.151(2)-(5)
[^c21852991]: Words in [s. 110(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/3/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365571]: [S. 110(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1A) subsituted for s. 110(2) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 90](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/90) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23377191]: Words in [s. 110(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 12](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22730011]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) modified (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)
[^c22730031]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with application in accordance with s. 44 of the excluding act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/1/2), [Sch. 6 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6/6)
[^c22730041]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with effect in accordance with s. 64 and Sch. 22 paras. 16-18 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 13(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/13/6)
[^c23365591]: Words in [s. 111(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573401]: Source—1970 s.155(1); 1973 s.31(5); 1980 s.39(3)
[^c21573411]: Source—1970 s.155(2); 1972 s.107(2)
[^c21826551]: [S. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 172(4)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/172/4)
[^c21826581]: Words in [s. 114(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 215(4)(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/4/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/2) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21826661]: [S. 114(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/a), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21831731]: Words in [s. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/4)
[^c21831771]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/3) repealed (with effect in accordance with [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/218/1)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 1
[^c23385131]: [S. 115(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5C) inserted (retrospectively) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(1)(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/1/4)
[^c21827331]: [S. 115(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/1)(6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21832551]: [S. 115(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/5) substituted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/5)
[^c23354721]: Words in [s. 115(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23365611]: [S. 115(5)-(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) substituted for s. 115(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426381]: [S. 115(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) modified (with retrospective effect) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(5)(6)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/5/6/b)
[^c21573471]: Source—1973 s.31(1)-(5), (9), 32(6)
[^c21853931]: [S. 116(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/2/d) repealed (with effect in accordance with Sch. 3 para. 10(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 10(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/10/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21859591]: [S. 116(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4/b) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 21](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/21)
[^c23365631]: Word in [s. 116(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 96](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/96) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573601]: Source—1985 Sch.12 3(1)-(3)
[^c21573611]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/a)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21573631]: Source—1985 Sch.12 3(4), 1, 4
[^c21573641]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21853941]: Words in [s. 118(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/2) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/35)
[^c21853301]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21860031]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860111]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860071]: [S. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860121]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/a) {Sch. 4} (with Sch. 2 para. 23(3))
[^c21860131]: Words in [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860091]: [S. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c23377231]: [S. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2): definition of "limited partner" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/2) (with Sch.. 2)
[^c23376931]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376951]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377251]: [S. 118(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21860751]: [S. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)
[^c23365651]: Words in [s. 118ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365671]: Words in [s. 118ZA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23377281]: [S. 118ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 15](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/15) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23357671]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(3)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/3/5)
[^c23377301]: Words in [s. 118ZC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376971]: Words in [s. 118ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377321]: Word in [s. 118ZC(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377341]: Word in [s. 118ZC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377361]: Words in [s. 118ZC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377441]: Word in [s. 118ZC(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/3/d) substituted (with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377451]: Words in [s. 118ZC(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377481]: Words in [s. 118ZC(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377501]: Words in [s. 118ZC(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376991]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377521]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377011]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377541]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377571]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377591]: Words in [s. 118ZD(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377611]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377651]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377661]: Words in [s. 118ZD(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377701]: Words in [s. 118ZD(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377711]: Words in [s. 118ZD(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377751]: Words in [s. 118ZD(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21573671]: Source—1970 s.156
[^c21573681]: [S. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 201(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573691]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/4) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21832621]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) repealed (with effect in accordance with s. 145(3), Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/1), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21832661]: Words in [s. 119(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/2) repealed (with effect in accordance with Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21861441]: Word in [s. 119(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/3) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2), Sch. 12 para. 50(3), {Sch. 13 Pt. 1}; [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23365901]: Word in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/103) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573701]: Source—1970 s.157
[^c21847521]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/a)
[^c21847561]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/b), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847541]: [S. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/3)
[^c21847571]: [S. 120(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/2) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/4), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847611]: [S. 120(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/5/c) and preceding word repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by Finance Act 1997, (c. 16), s. 60(5), {Sch. 18 Pt. 6(2)}
[^c23365921]: Word in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365941]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365961]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573711]: Source—1970 s.158(1), (2)
[^c21832671]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) substituted for s. 121(1)(2) (with effect in accordance with [s.145(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/2)
[^c23359361]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/105), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573811]: Source—1970(F) s.29(1), (3); 1971 Sch.9 4
[^c21573821]: [S. 122(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1/b) and the word "and" immediately preceding it repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573841]: Source—1970(F) s.29(2)
[^c21573851]: [S. 122(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/3/8) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573881]: *For regulations see* Part III Vol.5.
[^c21573891]: [S. 122(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/5) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 203(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/203/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573911]: [1966 c. 4](https://www.legislation.gov.uk/ukpga/1966/4).
[^c21573931]: [1969 c. 35 (N.I.)](https://www.legislation.gov.uk/apni/1969/35).
[^c21573941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c21573951]: [1903 c. 37](https://www.legislation.gov.uk/ukpga/1903/37).
[^c21832691]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (1.5.1995 with effect in accordance with Note to Sch. 29 Pt. 8(22) of the amending act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c23365991]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359371]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(b)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/b/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366011]: Word in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359411]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366031]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359431]: [S. 122(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21574141]: Source—1977 s.48
[^c21574151]: *See* 1989 s.59—*rights of admission disregarded in the case of certain covenanted subscriptions.*
[^c23369551]: [S. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) substituted (with retrospective effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/7) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/2)
[^c23366051]: [S. 125(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/a) and word substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366071]: Words in [s. 125(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369651]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (with effect in accordance with s. 38(7)(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23377031]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377771]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377051]: Words in [s. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377791]: Word in [s. 125(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377091]: [S. 125(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/d) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21574281]: Source—1985 s.72(1), (2); 1987 (No.2) s.81(1)
[^c21574291]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/7) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21861281]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(1) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/1/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21861351]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(3) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21574451]: *See*—1988 s.338(6)—*definition applied for purposes of* s.338(3) (*charges*).1988 s.576(5)—*definition applied for purposes of* ss.573 to 576 (*losses on unquoted shares in trading companies*).[Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(6).
[^c23356841]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130) sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/4)
[^c21574741]: [S. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss.120](https://www.legislation.gov.uk/ukpga/1992/12/section/120), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21574751]: Source—1972 s.79(1), (4)
[^c21574761]: Source—[1972 c.79](https://www.legislation.gov.uk/ukpga/1972/79)(1), (7)
[^c21574771]: Source—1972 s.79(2)(b), (3)(b), (8)
[^c21574781]: Source—1973 Sch.8 1
[^c21574791]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574801]: Source—1972 s.79(2)(bb); 1984 s.40(1)
[^c21574811]: Source—1972 s.79(6)
[^c21574821]: Source—1973 Sch.8 1(b), 3; 1974 s.20(2)
[^c21574831]: Source—1973 Sch.8 2
[^c21574841]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574851]: Source—1972 s.79(2A); 1973 Sch.8 4(1)(b)
[^c21574861]: Source—1972 s.79(2B); 1984 s.40(2)
[^c21574871]: Source—1972 s.79(5), (6); 1973 Sch.8 4(1)(c); 1986 s.26(4)
[^c21574881]: Source—1972 s.79(5A), (5B); 1986 s.26(3), (6)
[^c21574891]: Source—1972 s.79(3)(a); 1974 s.20(1)(b)
[^c21574901]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 88, 148, Sch.14 Part VI in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441861]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c23391981]: Words in [s. 138(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392011]: Words in [s. 138(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21575111]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 88](https://www.legislation.gov.uk/ukpga/1988/39/section/88), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VI](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14) in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441911]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c21575011]: Source—1972 s.79(1A), (1B); 1984 s.41(1)
[^c21575021]: Source—1972 s.79(10), (11)
[^c21575031]: Source—1972 Sch.12 3; 1984 s.41(2)
[^c21575041]: Source—1972 Sch.12 3A; 1984 s.40(4)
[^c21575051]: Source—1973 Sch.8 5-7; 1982 s.41
[^c21575061]: Source—11982 s.41; 1986 s.23(4)
[^c21575071]: Source—1973 Sch.8 35; 1972 Sch.12 6, 8
[^c21575081]: Source—1972 s.79(6A); 1986 s.26(5)
[^c21575091]: Source—1972 s.79(4A); 1984 s.40(3)
[^c21575101]: Words in [s. 139(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/139/14) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21575731]: Source—1981 s.28; 1987 Sch.3 6
[^c22201601]: Words in [s. 152(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/1) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 13](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/13); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(b)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/b)
[^c22277021]: Words in [s. 152(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/7) substituted (27.6.2002) by [The Secretaries of State for Education and Skills and for Work and Pensions Order 2002 (S.I. 2002/1397)](https://www.legislation.gov.uk/uksi/2002/1397), [Sch. para. 6](https://www.legislation.gov.uk/uksi/2002/1397/schedule/paragraph/6)
[^c21580051]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21868021]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)
[^c22731381]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4A)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4A), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220) (as that s. 219(4A) is inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22731391]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(a)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/a)
[^c22732721]: [s. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by Finance Act1993 (c. 34), s. 171(4A) (as inserted by [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4)),
[^c23397881]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) modified (with retrospective effect) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/1/2)
[^c21581151]: Source—1970 s.239
[^c21868001]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 14(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/14/5)
[^c21868371]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 13(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/13/5) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7), [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21885271]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 18(2)(c)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2/c), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(4)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/4)
[^c21581251]: Source—1970 s.233(1); 1980 s.45(2)
[^c21581261]: Source—1970 s.233(2)(a), (b), (c); 1972 Sch.22 1, 2(1)
[^c21581271]: Source—1970 s.233(2)(d)(iii); 1972 Sch.22 3(2)
[^c21581281]: Source—1970 s.233(d), (e); 1970(F) Sch.4 6; 1972 Sch.22 3(1)
[^c21581291]: [S. 209(2)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/vii) and word "or" immediately preceding inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/1/4).
[^c21581301]: Source—1972 Sch.22 3(3)
[^c21581311]: Source—1970 s.233(3); 1972 Sch.22 4(3)
[^c21581321]: Source—1972 Sch.22 4(1), (2)
[^c21581331]: Source—1970 s.233(4)
[^c21581341]: Source—1972 Sch.22 2(2)
[^c21581351]: [S. 209(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/9) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(2)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/2/4).
[^c21868391]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/1)
[^c21868411]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/a)
[^c21868471]: [S. 209(2)(e)(iv)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/iv/v) repealed (with effect in accordance with s. 87(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b), [Sch. 29 Pt. 8(12)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/12), Note
[^c21868431]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b)
[^c21868451]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3)
[^c21891551]: Words in [s. 209(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/ii) substituted (with effect in accordance with [Sch. 38 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/b)
[^c21890701]: [S. 209(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/11) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22735861]: [S. 209(2)(da)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da/e/vii) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c22735751]: Words in [s. 209(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/9)
[^c22735771]: [S. 209(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3B) inserted (with application in accordance with [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1)
[^c22735881]: [S. 209(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3AA) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/1)
[^c23396201]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (12.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2006/3296/regulation/16)
[^c23394941]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/a), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395031]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2)
[^c23395051]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395071]: Words in [s. 209(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23394961]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/b), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581361]: Source—1970 s.234(1), (2)
[^c21581371]: Source—1972 Sch.22 5(2), (3)
[^c21581381]: Source—1970 s.234(3); 1973 s.54
[^c23396391]: Words in [s. 210(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/210/4) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/2)
[^c21581391]: Source—1970 s.235(1); 1972 Sch.22 6(1), (3)
[^c21581401]: Source—1972 Sch.22 6(2)
[^c21581411]: Source—1970 s.235 (2)-(5)
[^c23397511]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c23396221]: Words in [s. 209A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209A/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 22](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/22) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23394681]: Words in [s. 209B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209B/4) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/2)
[^c21581431]: Source—1982 s.60(1)-(4)
[^c21581441]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/3/4).
[^c23395091]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395141]: Words in [s. 212(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395131]: [S. 212(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581451]: Source—1980 s.117, Sch.18 1-8, 23
[^c21581461]: 1990 s.89*and* Sch.14 para.3 (*correction of errors*)—*deemed always to have had effect. Previously* “(3)(1)(a)”.
[^c23394721]: Words in [s. 213(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/213/11/a) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/3)
[^c21581471]: Source—1980 Sch.18 14
[^c21581491]: Source—1980 Sch.18 13
[^c22735921]: Words in [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/c) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/3)
[^c23394741]: Words in [s. 214(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/4)
[^c23395571]: Words in [s. 214(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/a) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395591]: [S. 214(1)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/ab) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395611]: [S. 214(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1A/1B) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396241]: [S. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 23](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/23), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21581501]: Source—1980 Sch.18 17
[^c21581511]: Source—1980 Sch.18 18
[^c23394761]: Words in [s. 215(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/215/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/5)
[^c21581521]: Source—1980 Sch.18 19
[^c21581531]: Source—1980 Sch.18 20
[^c21581561]: Source—1980 Sch.18 23
[^c21581541]: Source—1980 Sch.18 21
[^c21581551]: Source—1980 Sch.18 22
[^c21581571]: Source—1982 s.53(1)-(3); 1986 s.100
[^c21581591]: Source—1982 Sch.9 1, 2
[^c23396021]: Words in [s. 220(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [49](https://www.legislation.gov.uk/uksi/2005/3229/regulation/49)
[^c23396371]: [S. 220(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 8](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/8), [27(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21581611]: Words in [s. 220(2)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(14)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/14) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21581621]: Source—1982 Sch.9 3(1)
[^c21581631]: Source—1982 Sch.9 4
[^c21581641]: Source—1982 Sch.9 3(2)-(4)
[^c21581651]: Source—1982 Sch.9 3(5), (6)
[^c21581661]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21581671]: Source—1982 Sch.9 3(7)
[^c21581681]: Source—1982 Sch.9 5(1), (2)
[^c21581691]: Source—1982 Sch.9 6(1), (2)
[^c21581701]: Source—1982 Sch.9 6(3)
[^c21581711]: Source—1982 Sch.9 5(3)-(6)
[^c21581721]: Source—1982 Sch.9 5(7), 6(4)
[^c21581731]: Source—1982 Sch.9 5(8)-(10)
[^c21581741]: Source—1982 Sch.9 7
[^c21581751]: Source—1982 Sch.9 8
[^c21581761]: Source—1982 Sch.9 9
[^c21581771]: Source—1982 Sch.9 10
[^c21581781]: Source—1982 Sch.9 11
[^c21581791]: Source—1982 Sch.9 12
[^c21581801]: Source—1982 Sch.9 14
[^c23396061]: Words in [s. 227(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [50](https://www.legislation.gov.uk/uksi/2005/3229/regulation/50)
[^c23396081]: Words in [s. 227(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/5) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396121]: Words in [s. 227(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/8/a) substituted (6.4.2006) by Finance Act 2004 (c 12), s. 284(1), Sch. 35 para. 7 (with Sch. 36)
[^c23396101]: Words in [s. 227(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/9) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581811]: Source—1982 Sch.9 15
[^c21581821]: Source—1982 Sch.9 16
[^c23396141]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396161]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581831]: Source—1975 (No.2) Sch.8 6
[^c21581841]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) repealed (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17)
[^c23395631]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581871]: *See* 1989 s.107*and* Sch.12—*close companies.*
[^c21581881]: Source—1972 s.86; 1972 s.110(1)
[^c21581891]: *See*—s.94—*taxation of dealer's receipts on purchase by company of own shares.*[s.423](https://www.legislation.gov.uk/ukpga/1988/1/section/423)*et seq—close company income.*[s.448](https://www.legislation.gov.uk/ukpga/1988/1/section/448)—*overseas life assurance companies.*
[^c21581951]: *Repealed by* 1989 s.187*and* Sch.17 Part IV*but in accordance with* 1989 ss.110*and* 111.
[^c21893561]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/1))
[^c21893581]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(4B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/4B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22732761]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/2/b)
[^c21893641]: [S. 231(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1A) inserted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/3)
[^c22732921]: [S. 231(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/2) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/4), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9) (with savings in [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/90/1) and [S.I. 1998/1871](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 4(1)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/4/1))
[^c22732861]: [S. 231(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/7), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22735731]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(b)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/b)
[^c22734711]: [S. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/76/4)
[^c23396181]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 121(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/121/5), [Sch. 17 para. 18(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/18/2)
[^c23396771]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/694)](https://www.legislation.gov.uk/uksi/2006/694), [regs. 69Z18(5)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z18/5), [69Z19(2)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z19/2) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)
[^c23395651]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23472711]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/6)
[^c23395671]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395231]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395251]: [S. 231(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3/3AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395691]: Words in [s. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21885251]: [S. 234](https://www.legislation.gov.uk/ukpga/1988/1/section/234) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 21(2)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/21/2)
[^c21582181]: Source—1970 s.232(4); 1972 Sch.24 18
[^c21582191]: Words in [s. 234(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/1) substituted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/a/4).
[^c21582201]: [S. 234(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/3/4) repealed (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 32(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/b/4), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII).
[^c21582221]: Source—1972 Sch.21
[^c21582231]: 1989 s.107*and* Sch.12 para.11.*Previously* “paragraph 17 of Schedule 19 for the purposes of that Schedule”.
[^c23397291]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (with modifications) (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2006/964/regulation/70) (as amended (1.9.2009) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [2](https://www.legislation.gov.uk/uksi/2009/2036/regulation/2), [25](https://www.legislation.gov.uk/uksi/2009/2036/regulation/25))
[^c23397311]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (1.9.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034)](https://www.legislation.gov.uk/uksi/2009/2034), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2034/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2009/2034/regulation/21)
[^c23394591]: [S. 234A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) excluded (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 493(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/3) (with [s. 493(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/5), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486891]: [S. 234A(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 2 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21891531]: [S. 234A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/8A) inserted (with application in accordance with [Sch. 37 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/a)
[^c22732981]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) repealed (with effect in accordance with Sch. 4 para. 26(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para 26(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/26/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c23395801]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396351]: [S. 231B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/12): definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 26](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/26)
[^c23395171]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) inserted (with effect in accordance with [Sch. 24 para. 1(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/1)
[^c23396261]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 24(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/24/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396281]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/24/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23395191]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) inserted (with effect in accordance with [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/2)
[^c23396301]: Words in [s. 231AB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/25/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396321]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/25/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21583561]: *See* Sch.10 para.5—*profit sharing schemes.*
[^c21583571]: Source—1975 (No.2) s.34(1)-(6)
[^c21583581]: *Words repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c23395821]: Words in [s. 249(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/2)
[^c23395361]: [S. 249(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395841]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395421]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395861]: Words in [s. 249(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/9/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583661]: Source—1975 (No.2) Sch.8 7(1)
[^c21583671]: Source—1975 (No.2) Sch.8 7(2)
[^c21583681]: Source—1975 (No.2) Sch.8 7(3)-(6)
[^c21583691]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17) (in relation to accounting periods beginning after 31 March 1989).
[^c23395901]: Words in [s. 250(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/5/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395921]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583751]: Source—1975 (No.2) s.34(8)(a)-(d)
[^c21891881]: [S. 251(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/1/c) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/4/2)
[^c23395441]: [S. 251(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/121), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583831]: Source—1972 s.102; (No.2) s.88(5)-(7)
[^c21583821]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 80(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/80/8)
[^c21885211]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 15(4)(5)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/15/4/5)
[^c21885231]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 20](https://www.legislation.gov.uk/uksi/1995/1979/regulation/20)
[^c22733931]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/10)
[^c21583841]: [S. 252(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/4) power exercised: 30.9.1993 appointed for the purposes of s. 252(2)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21583861]: *See* 1989 s.157(1)*for reckonable date for interest charge under* 1970(M) s.86*where assessment made to recover corporation tax payable as the result of a claim under* s.240*made on or after* 14*March* 1989. (*Ceases to have effect for accounting periods ending after the day appointed for the purposes of* s.86).
[^c22735471]: [S. 252(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/1/a) repealed (with effect in accordance with Sch. 3 para. 21(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 21(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/21/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583871]: Source—1972 s.108
[^c22735491]: [S. 253(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1/b) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/a), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735511]: Words in [s. 253(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/b), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735551]: [S. 253(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/2) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735531]: Words in [s. 253(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/3/a) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583881]: Source—1970 s.237(1), (3), (5); 1972 Sch.22 10(4)
[^c21583911]: Source—1972 Sch.22 10(1)-(3)
[^c21583921]: Source—1970 s.237(1)
[^c21583931]: Source—1972 Sch.22 8
[^c21583941]: Source—1972 Sch.22 9
[^c21583951]: Source—1970 s.237 (2)
[^c21583961]: Source—1970 s.237(4)
[^c21583971]: Source—1970 s.237(6)
[^c21583981]: Source—1970 s.237(7)
[^c21891591]: Words in [s. 254(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/254/11) substituted (with effect in accordance with [Sch. 38 para. 6(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/d)
[^c21890661]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Airports Act 1986 (c. 31)](https://www.legislation.gov.uk/ukpga/1986/31), [s. 77(3)](https://www.legislation.gov.uk/ukpga/1986/31/section/77/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890681]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1986/44/section/60/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890911]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [British Steel Act 1988 (c. 35)](https://www.legislation.gov.uk/ukpga/1988/35), [s. 11(7)](https://www.legislation.gov.uk/ukpga/1988/35/section/11/7) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 55](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/55) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21584011]: Source-1970 s.5; 1971 Sch.4 3; 1975 (No.2) s.31(3); 1976 Sch.4 3(1), 18(1)
[^c21584021]: “287 and 288” *repealed by* 1988(F) Sch.14 Part. VIII*for* 1990-91*and subsequent years. And see* 1970(M) ss.42*and* 43—*procedure on claims and appeals.*
[^c21866331]: [S. 256](https://www.legislation.gov.uk/ukpga/1988/1/section/256) renumbered as s. 256(1) (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/1)
[^c21866351]: [S. 256(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/3) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2)
[^c23414651]: Words in [s. 256(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414671]: Words in [s. 256(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414691]: Words in [s. 256(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414311]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584101]: [Ss. 257-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257) substituted for s. 257 (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 33](https://www.legislation.gov.uk/ukpga/1988/39/section/33)
[^c21584131]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(3)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/3) (*in* Part III Vol.5)*for* 1990-91.
[^c21584171]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22732341]: [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(3)](https://www.legislation.gov.uk/uksi/1991/732/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(3)](https://www.legislation.gov.uk/uksi/1992/622/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/755/article/2/3)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/3)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(a)(d)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(b)(c)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/b/c)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/a)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/a)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1998/755/article/2/3) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (1999-00) by [S.I. 1998/2704](https://www.legislation.gov.uk/uksi/1998/2704), [art. 2](https://www.legislation.gov.uk/uksi/1998/2704/article/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(c)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/c) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1999-00) by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/1) (in place of [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(a)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/a/b)) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2000-01) by [S.I. 1999/3038](https://www.legislation.gov.uk/uksi/1999/3038), [art. 2](https://www.legislation.gov.uk/uksi/1999/3038/article/2) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/806/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/2) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(2)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/2) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/1) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/1) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/2) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2004-05) by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/1) (in place of [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/b/c)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2005-06) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/9/1) (in place of [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/b/c)) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(2)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/2) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(2)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (2008-09) by [2008 c. 9](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/1/b), [3(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/1) (in place of [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/a)) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(ii)-(iv)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/ii) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2009-10) by [2009 c. 10](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(1)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/1/b) (in place of [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(i)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/i))
[^c22222711]: Words in [s. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/13), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23411951]: [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23414711]: Words in [s. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414731]: Words in [s. 257(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414751]: Words in [s. 257(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414771]: Words in [s. 257(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414791]: Words in [s. 257(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414811]: Words in [s. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414831]: [S. 257(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/6) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584381]: [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1991-92) by [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/2) (in place of [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/a)) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/a)) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1993/755/article/2/4)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1994-95) by [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(a)-(c)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/a) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amount specified (1994-95) [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(d)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/d)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1995-96) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/9) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(4)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(4)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(4)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1998/755/article/2/4) [S. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) amended (1999-00) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/2) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(4)](https://www.legislation.gov.uk/uksi/1999/597/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(4)](https://www.legislation.gov.uk/uksi/2000/806/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(3)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(3)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(3)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(3)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/3) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(4)](https://www.legislation.gov.uk/uksi/2008/673/article/2/4) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(c)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/c)
[^c21584451]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22219311]: [Ss. 257A-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) restricted (with effect as mentioned in s. 77(7) of the restricting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c21866261]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/b)
[^c21866281]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/c)
[^c21584481]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(4)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/4) (*in* Part III Vol.5)*for* 1990-91.
[^c22226371]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (with effect in as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/14/3)
[^c22299371]: [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22293281]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/3/a)
[^c22299141]: Word in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/a)
[^c22299161]: [S. 257A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3/b) and preceding word inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/b)
[^c22299391]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/c), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22732351]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/a)
[^c22299291]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/b)
[^c22299501]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) repealed (with effect as mentioned in s. 31(11), Sch. 20 Pt. 3(3) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/6), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299311]: [S. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) inserted (with effect as mentioned in [s. 31(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/11) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/7) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299331]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/8)
[^c22299351]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) inserted (with effect as mentioned in [s. 31(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(9)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/9)
[^c23398291]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408631]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/a)
[^c23408651]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/b)
[^c23408671]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/a)
[^c23408691]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/b)
[^c23487281]: [S. 257A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3A) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/4)
[^c23411971]: [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23414851]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414881]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414901]: Words in [s. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by the [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414921]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414941]: [S. 257A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584551]: [S. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c21584561]: 1989 s.33(10).
[^c21584571]: 1989 s.57(4).
[^c21584581]: [S. 257B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/2/e) and ',or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21584591]: [S. 257B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/3) applied (with modifications) for the year of assessment 1990-91 by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219351]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22732541]: [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) applied (2000-01 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5)
[^c21584691]: [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1991-92) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1993-94) by Finance Act [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/10) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1995-96) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1997-98) by [Finance Act 1997 (c.16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1999-00) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2003-04) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 28(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/2), [29(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2004-05) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2005-06) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9](https://www.legislation.gov.uk/ukpga/2005/7/section/9) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2008-09) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/2/b), [3(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/2/b) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2009-10) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/2/b)
[^c21584701]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(3)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/a/8)
[^c21584721]: [S. 257C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(3)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21584731]: *See* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677)*in* Part III Vol.5*for* 1990-91.
[^c21584741]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22732551]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) inserted (1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/3/4)
[^c22732661]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) modified (2002-03) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/b)
[^c23398351]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23403961]: Words in [s. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 35](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/35) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23411181]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/a)
[^c23411201]: Words in [s. 257C(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/b)
[^c23411221]: Words in [s. 257C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/c)
[^c23415311]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 34(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/34/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585391]: 1988(F) s.35*and* Sch.3 para.8*for* 1990-91*and subsequent years. Previously* “Relief for blind persons.**265.**—(1) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and that one of them was, and the other was not, a registered blind person for the whole or part of the year; or (b) that, not being such a married man, he was a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £540 from his total income. (2) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and (b) that he was a registered blind person for the whole or part of the year and his wife was also a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £1,080 from his total income. (3)*Unless a claimant who is entitled to relief for the year of assessment under section* 264*in respect of the services of a son or daughter relinquishes his claim to that relief, he shall not be allowed relief under this section for that year* (*Repealed by* 1988(F) ss.25(3), 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*). (4) In this section “registered blind person” means a person registered as a blind person in a register compiled under section 29 of the National Assistance Act 1948 or, in the case of a person ordinarily resident in Scotland or in Northern Ireland, a person who is a blind person within the meaning of section 64(1) of that Act.”.*And see* Table E Vol.1*for previous years.*
[^c21585461]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1990-91) by [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1](https://www.legislation.gov.uk/uksi/1993/415/regulation/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219201]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2) [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21585471]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/8/4), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22225601]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by Finance Act 1996, Sch. 20 para. 19, Sch. 41 Pt. 5(10), Note
[^c22749141]: Words in [s. 265(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5/a) substituted (with effect as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/135/2) of the amending Act) by Finance Act 1996, Sch. 21 para. 6
[^c22749231]: [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(5)](https://www.legislation.gov.uk/uksi/1999/597/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(5)](https://www.legislation.gov.uk/uksi/2000/806/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/638/article/2/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/707/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(4)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(4)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(5)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(5)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 3](https://www.legislation.gov.uk/uksi/2008/673/article/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 3](https://www.legislation.gov.uk/uksi/2008/3024/article/3)
[^c22749151]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (with effect in accordance with [s. 56(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/1)
[^c22749171]: [S. 265(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/2)
[^c23411281]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/2)
[^c23411301]: Words in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/a)
[^c23411341]: [S. 265(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/4) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/4)
[^c23411381]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/6)
[^c23415341]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/2/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23414401]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415361]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415381]: [S. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/b) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415401]: Words in [s. 265(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/c) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415421]: [S. 265(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/4) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23414421]: [S. 265(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415441]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415461]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/b) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415481]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/c) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415501]: [S. 265(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/8) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/7) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c21585791]: Source-1978 Sch.3 12; 1981 s.33
[^c21585801]: [1974 c. 52](https://www.legislation.gov.uk/ukpga/1974/52).
[^c23415521]: Words in [s. 266(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415541]: Words in [s. 266(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/7/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415561]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415581]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585891]: Source-1975 s.7; 1976 Sch.4 19(1); 1984 s.72(5)
[^c23412061]: Words in [s. 268(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/268/7/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 11](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/11) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585901]: Source-1975 s.8; 1976 Sch.4 19(2); 1984 s.72(5)
[^c21585911]: Source-1975 s.9(1)-(4); 1976 Sch.4 19(3)
[^c21585921]: Source-1975 Sch.2 16(1), (3); 1976 s.35
[^c22749891]: Words in [s. 271(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/a), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749901]: Words in [s. 271(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/b) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/b), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749911]: Words in [s. 271(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/c) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/c), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749921]: [S. 271(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/2/b) and preceding word repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/2), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c23408131]: Words in [s. 271(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21585931]: Source-1975 Sch.1
[^c21585941]: 1988(F) s.35*and* Sch.3 para.10*for* 1990-91*and subsequent years. Previously* “Payments securing widows' and children's annuities.**273.** Subject to sections 274, 617(3) and 619(6), if the claimant is, under any Act of Parliament or under the terms or conditions of his employment, liable to the payment of any sum, or to the deduction from his salary or stipend of any sum, for the purpose of securing a deferred annuity to his widow or provision for his children after his death, he shall be entitled to a deduction from the amount of income tax with which he is chargeable equal to income tax at the basic rate on the amount of the sum paid by him or deducted from his salary or stipend.”.
[^c23408231]: [S. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) renumbered as s. 273(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408211]: [S. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [59](https://www.legislation.gov.uk/uksi/2005/3229/regulation/59)
[^c23412081]: Words in [s. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/12) (as amended by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 655](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/655), [Sch. 2 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/161) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))) (with Sch. 36)
[^c23415601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415621]: Words in [s. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415641]: [S. 273(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585971]: Source-1970 s.21(4); 1975 Sch.2 6; 1980 s.29; 1976 Sch.4 21; 1987 Sch.15 2(5)
[^c21585981]: 1988(F) s.29—*from* 6*April* 1989.*Previously* “15 per cent.”.
[^c22219331]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c23410241]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/a)
[^c23410261]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/b)
[^c23410281]: Words in [s. 257BA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/5) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/6)
[^c23410341]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(8)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/8)
[^c23415111]: [S. 257BA(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/2) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415141]: [S. 257BA(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/3) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23414331]: [S. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415151]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/5) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415171]: [S. 257BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/6) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c22219341]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22219501]: [S. 257BB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22181391]: [S. 257BB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/6) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/4), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c23410961]: Words in [s. 257BB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/3)
[^c23411141]: Words in [s. 257BB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/4) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/5)
[^c23415191]: [S. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/2) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415211]: [S. 257BB(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1A/1B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/3) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415231]: [S. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/4) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415251]: [S. 257BB(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3AA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/5) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23414351]: [S. 257BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415271]: [S. 257BB(5A)-(5E)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/7) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23411921]: [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(4)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/4) [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(4)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/4) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(5)](https://www.legislation.gov.uk/uksi/2008/673/article/2/5) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(d)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/d)
[^c23414961]: Words in [s. 257AB(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/1/d) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414991]: Words in [s. 257AB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415011]: Words in [s. 257AB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415031]: Words in [s. 257AB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415051]: Words in [s. 257AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415071]: [S. 257AB(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416691]: [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(2)](https://www.legislation.gov.uk/uksi/2008/673/article/2/2) [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(a)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/a)
[^c21586061]: *See* British Nationality Act 1981 ss.37*and* 51(1)*for definition.*
[^c21586091]: *Repealed by* 1988(F) ss.31, 148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586101]: Source-1976 Sch.4 18(3)
[^c21586121]: Source-1970 s.27(3)-(5)
[^c22225611]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/21), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22753081]: Words in [s. 278(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/a) substituted (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/1)
[^c22753091]: [S. 278(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/9) added (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/2)
[^c22753111]: [S. 278(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2A) repealed (with effect in accordance with Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21586081]: 1988(F) s.31*for* 1990-91*and subsequent years.*
[^c23414531]: [S. 278(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415661]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415681]: [S. 278(2)(za)(zb)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/za/zb) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414601]: [S. 278(2)(b)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415721]: [S. 278(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21590871]: Source-1986 s.29(1), (2)
[^c21590921]: 1990 s.26(4)*in relation to payments made on or after* 1*October* 1990.
[^c21590941]: *Repealed by* 1990 ss.27(2)*and* 132*and* Sch.19 Part IV*in relation to accounting periods ending on or after* 1*October* 1990.
[^c21590971]: 1990 s.26(5)*in relation to payments made on or after* 1*October* 1990.
[^c21590991]: *See* 1990 s.94*re production of books etc. in respect of repayment claims in respect of payments made on or after* 1*October* 1990.
[^c21591001]: Source-1981 s.49; 1983 s.46(3); 1986 s.29(6)
[^c21591011]: 1989 s.60(2)*in respect of payments due on or after* 14*March* 1989.*Previously* “the Trustees of the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission for England and, additionally, in subsections (1) to (5) above includes the Trustees of the British Museum, the Trustees of the British Museum (Natural History) and”.
[^c22736831]: [S. 337(7AA)-(7AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/7AA) inserted (with effect in accordance with [s. 64(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/1)
[^c22737041]: [S. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/2)
[^c22737061]: [S. 339(2)(3)(3A)(3F)(6)(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/2/3/3A/3F/6/7/8) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/3), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c22737161]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/4)
[^c22737181]: [S. 339(3DA)-(3DD)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA) inserted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/5)
[^c22737201]: [S. 339(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/7AA) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/7)
[^c22737141]: Words in [s. 339(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/9) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/8), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c23426651]: Words in [s. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/2)
[^c23426671]: [S. 339(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1A/1B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/3)
[^c23426691]: Words in [s. 339(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/2)
[^c23426711]: Words in [s. 339(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3E) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/3)
[^c23426731]: [S. 339(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 51(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/51/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426751]: [S. 339(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 51(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/51/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426831]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 60(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/2/a)
[^c23426861]: Words in [s. 339(3DA)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA/c) substituted (with effect in accordance with [s. 60(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/2/b)
[^c21591081]: Source-1970 s.245(1)
[^c21591091]: Source-1970 s.245(2), (3); 1974 s.37(1)
[^c21591101]: Source-1970 s.245(4)-(6)
[^c21591111]: Source-1970 s.245(7)-(9); 1974 s.37(1)
[^c22736651]: Words in [s. 342(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/5) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736671]: Words in [s. 342(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/6) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736901]: Words in [s. 342(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/2) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736921]: [S. 342(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/3A) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736691]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para 12(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/12/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22736071]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 20(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/8)
[^c21591341]: Source-1970 s.252(1)
[^c21591351]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (16.7.1992) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 152B(10)(e)](https://www.legislation.gov.uk/ukpga/1990/1/section/152B/10/e) (as inserted (16.7.1992) by [Finance Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 67](https://www.legislation.gov.uk/ukpga/1992/48/section/67)).
[^c21591361]: Source-1970 s.252(2), (2A); 1971 Sch.8 16(5); 1986 s.56(7), Sch.13 2; 1987 (No.2) s.64(2)
[^c22736091]: [S. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 15(1)(a)(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/a/7)
[^c21591371]: Source-1970 s.252(3)-(7)
[^c21591381]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591391]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 15 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591401]: Word in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) and omitted (27.7.1993) by virtue of s. 120, Sch. 14 para. 8(2)
[^c21591411]: Source-1970 s.252(3A); 1986 s.42(2), (3), Sch.10 1(2)
[^c21591421]: Source-1970 s.252(4)-(7)
[^c21591431]: [S. 343(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/6) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3)(-(5), 123, Sch. 15 para. 7(2), Sch. 19 Pt. V, Note 4
[^c21591441]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591451]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591461]: Source-1970 s.252(8); 1986 Sch.10 1(3)
[^c21591471]: Source-1970 s.252(9), (10)
[^c21591481]: Source-1986 s.42(2), (3)
[^c22737461]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 3 paras. 4(8)(a)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/4/8/a), [5](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/5); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c22736871]: [S. 343(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/4A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58) s. 39(7)
[^c23426441]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with modifications) (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 16](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16), [17](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/17) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426461]: [S. 343(3)(4A)(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3/4A/7)(11) applied (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 2(1)(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/2/1/3) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22737271]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (with effect in accordance with s. 579 of the excluding Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 561(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/561/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22755311]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 26](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/26) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23490771]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with effect in accordance with s. 43(2) of the 2007 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 227B](https://www.legislation.gov.uk/ukpga/1994/9/section/227B) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/43/1))
[^c23426791]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/1)
[^c21591491]: Source-1970 s.253; 1986 s.42, Sch.10 2
[^c23426631]: Words in [s. 344(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/344/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [66](https://www.legislation.gov.uk/uksi/2005/3229/regulation/66)
[^c23426561]: Words in [s. 337(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/1) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426571]: Words in [s. 337(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/2) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426481]: [S. 338](https://www.legislation.gov.uk/ukpga/1988/1/section/338) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2004/20/schedule/4/paragraph/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426581]: [S. 338A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/2/a) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/2), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23488671]: [S. 338A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/4) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21594971]: *See* S.I. [1988 No.1347](https://www.legislation.gov.uk/ukcm/1988/1347) (*in* Part III Vol.5)*in respect of housing associations.*
[^c21596041]: *See* S.I. [1983 No.368](https://www.legislation.gov.uk/ukcm/1983/368) (*in* Part III Vol.5)—*housing associations.*
[^c21597211]: *See* s.434A—*limitations on loss relief for life assurance company.*
[^c22750761]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 69(1) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 19](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/19) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22751941]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(2)-(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/2) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22751981]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(2)](https://www.legislation.gov.uk/uksi/2002/653/article/4/2)
[^c22766441]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/6), [16(5)(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/5/1/a), [19](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/19)
[^c23438671]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c21597321]: *See* 1990 s.99(2)*and* (4)*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597331]: *See* [Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(4)—*carry forward of losses where transfer to successor from existing bank under the* Trustee Savings Banks Act 1985.
[^c22743321]: [S. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15)
[^c21597341]: Source—1970 s.177(1)-(3)
[^c21597351]: Words in [s. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 8(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/a)
[^c21597361]: [S. 393(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/2) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19) Pt. v Note 4
[^c21597431]: *See* 1990 s.99(2)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597441]: Words in [s. 393(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/11) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 8(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 4
[^c21597551]: Source—1973 ss.30, 32(6)
[^c21597561]: Words in [s. 395(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/b) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/a)
[^c21597581]: Words in [s. 395(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1) and (4): repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213),Sch. 23 Pt.III(11), note; omitted (27.7.1993) by virtue of [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/b)
[^c22751281]: Words in [s. 395(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751301]: Words in [s. 395(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(1)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/1/4/5)
[^c22745491]: Word in [s. 393A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/a)
[^c22745511]: [S. 393A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/4/a) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/b)
[^c22750781]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/23) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22746491]: Words in [s. 393A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/2)
[^c22746511]: [S. 393A(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/3)
[^c22746531]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/39/8) of the amending Act) by Finance (No. 2) Act 1997, s. 39(4)(a)
[^c22746551]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/4/b)
[^c22746571]: [S. 393A(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/5)
[^c22746591]: [S. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/6)
[^c22766451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/5), [16(4)(a)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/4/a/b/5/b)
[^c23438691]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23442481]: [S. 393A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/4)
[^c23442501]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 35(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/35/2)
[^c22751151]: Words in [s. 393A(2C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2C/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751251]: [S. 393A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/5/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751171]: Words in [s. 393A(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751191]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751211]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751231]: Words in [s. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597601]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c22749041]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified (with application in accordance with Sch. 5 para. 72(2) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 72(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/72/1)
[^c23438451]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 7A](https://www.legislation.gov.uk/uksi/1995/1730/regulation/7A) (as inserted (28.10.2003 with effect in accordance with reg. 1(3) of the modifying S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003 (S.I. 2003/2573)](https://www.legislation.gov.uk/uksi/2003/2573), [reg. 8(1)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/8/1))
[^c21597611]: *See* 1990 ss.99(3)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10). [S. 396(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/1) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c21597621]: Source—1970 s.179
[^c23443221]: Words in [s. 396(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/2) inserted (with effect in accordance with [s. 57(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/1)
[^c22748951]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2), (with Sch. 6 para. 6)
[^c22752321]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23533041]: [Pt. 10 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23532151]: [S. 392A](https://www.legislation.gov.uk/ukpga/1988/1/section/392A) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/1) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23532761]: [S. 392A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(2)(4)
[^c23532851]: Words in [s. 392A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(3)(4)
[^c23533011]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/5), [Sch. 17 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2)
[^c23533021]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(5)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/5) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c22745531]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/a)
[^c22745551]: Words in [s. 397(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/a/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/b)
[^c22751321]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "basis year" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751361]: [S. 397(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751401]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23440781]: [S. 397(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a/b) substituted for words in s. 397(8) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440801]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441301]: Word at the end of s. 397(10)(a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441251]: [S. 397(10)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/ab) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441321]: [S. 397(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/c) and preceding word inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/b)
[^c23442631]: [S. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442751]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442771]: Words in [s. 397(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442791]: Words in [s. 397(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442651]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "chargeable period" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442811]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "prior five years" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442671]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "prior period of loss" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/c/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442831]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "prior period of loss" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442851]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definitions of "farming" and "market gardening" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442691]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442871]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442711]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442891]: Words in [s. 397(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442911]: Words in [s. 397(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/7/b)
[^c23442731]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/8/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442931]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21597791]: Source—1978 s.31
[^c21597801]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/11)
[^c21597811]: Source—1985 s.72(2); 1987 Sch.15 11(2); 1987 (No.2) s.81(1)
[^c21597821]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(19)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/19/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22746451]: [S. 399(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1A) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/4)
[^c22752101]: [S. 399(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/4/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23440921]: [S. 399(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23450241]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450251]: Words in [s. 399(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450261]: Words in [s. 399(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450271]: Words in [s. 399(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23545221]: Words in [s. 399(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22743341]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 16](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16)
[^c22744771]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/1)
[^c22744271]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(2)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/2), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598001]: Source—1981 s.48
[^c21598011]: Words in [s. 400(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/a); repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 14 para. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (11), note; omitted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 paras. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5)
[^c21598031]: Words in [s. 400(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/e) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21598041]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/12)
[^c22744791]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/2)
[^c22744251]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(3)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/3), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598071]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22745601]: [S. 400(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/8) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/7/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745621]: [S. 400(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/9A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/19) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22748451]: [S. 400(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/bb) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/36) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748441]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22749301]: Words in [s. 400(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/a) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(i)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/i) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749321]: Words in [s. 400(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/b) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(ii)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/ii) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749341]: Words in [s. 400(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/8/9) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(b)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/b) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22752001]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) excluded (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(3)](https://www.legislation.gov.uk/uksi/2002/653/article/4/3)
[^c22752021]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(4)](https://www.legislation.gov.uk/uksi/2002/653/article/4/4)
[^c22751421]: Words in [s. 400(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751441]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751461]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23450561]: [S. 400(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(2)(5)
[^c23450571]: [S. 499(2)(bb)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/499/2/bb/ii) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(3)(5)
[^c21598101]: Source—1980 s.39(1), (2), (4); 1982 s.50
[^c21598111]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109/4) of the amending Act) by virtue of s. 109(1)(4)
[^c22744561]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (with effect in accordance with [s. 120(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/a)
[^c22744601]: [S. 401(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/2) repealed (with effect in accordance with s. 120(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/b), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 2
[^c22766461]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) inserted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 109(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/2/4)
[^c22745641]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22745661]: [S. 401(1AA)-(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1AA) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22750821]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 69(1) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/1/3), [26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26)
[^c22752351]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 53(1) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 20(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20/1)
[^c22752371]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with Sch. 13 para. 28(1)(2) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/3)
[^c22766481]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 56 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/15/paragraph/2/2)
[^c22748471]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22766471]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/20)
[^c22748501]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c23440991]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441011]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441051]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441091]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441071]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598131]: *See*—1988 s.434A—*limitations on group relief for life assurance company.*1989 s.102—*surrender of company tax refund etc. within group* (*from a day to be appointed not earlier than* 31*March* 1992).
[^c21598141]: Source—1970 s.258(1)
[^c22742951]: Words in [s. 402(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/4) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/a/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c21598161]: Source—1970 s.258(3), (4)
[^c22751841]: [S. 402(1)(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1/2/5/6) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting Regulations) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22750001]: [S. 402(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A/3B) inserted (with effect in accordance with [Sch. 27 para. 6(1)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/1)
[^c23438371]: Words in [s. 402(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3B) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441211]: Words in [s. 402(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/6/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23441731]: Words in [s. 402(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/2)
[^c23441751]: [S. 402(2)-(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/2) substituted for s. 402(2) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/3)
[^c23441771]: Words in [s. 402(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/4)
[^c22749271]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/2/2) (as substituted (with effect in accordance with s. 38(2)(3) of the1998 amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch 5 para. 64(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/64/3) (with [Sch 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73)))
[^c22749281]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (with effect in accordance with s. 38(2)(3) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 paras. 75](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/75), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76)
[^c22751821]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) excluded (with effect in accordance with s. 579(1) of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 260(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/7), [261](https://www.legislation.gov.uk/ukpga/2001/2/section/261) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22749191]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23438711]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22752121]: Words in [s. 403(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/1/b) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/a)
[^c22752141]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/b)
[^c22752161]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/c)
[^c23441841]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/5)
[^c23441791]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/1)
[^c23441821]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/3)
[^c21598361]: Source—1987 (No.2) s.63
[^c21598371]: *Definition applied for purposes of*—1970 s.273A—*transfer of U.K. branch or agency.*1970 s.276(1A)—*replacement of business assets by members of a group.*1990(C) s.161(2)—*interpretation.*
[^c22745731]: [S 404(6)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/a/ia) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745831]: [S. 404(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/7) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751861]: [S. 404](https://www.legislation.gov.uk/ukpga/1988/1/section/404) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22748631]: [S. 404(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/a/aa) substituted for s. 404(2)(a) (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748691]: [S. 404(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/c) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/3), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23438651]: Word in [s. 404(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/c) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 16(3) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 16(2)
[^c21598381]: Source—1985 Sch.9 2
[^c21598391]: Source—1985 Sch.9 3
[^c22747371]: Words in [s. 405(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/405/4) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/4)
[^c21598401]: Source—1985 Sch.9 5(1), 6(1)
[^c21598411]: Source—1985 Sch.9 5(2)-(4)
[^c21598421]: Source—1985 Sch.9 6(2)-(5)
[^c22742971]: Words in [s. 406(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/2/5)
[^c22747391]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/a)
[^c22747421]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/b)
[^c22747451]: [S. 406(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/3) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/2)
[^c22747471]: [S. 406(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/7) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/3)
[^c22747491]: Words in [s. 406(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/8) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/4)
[^c21598591]: Source—1970 s.260(1)
[^c21598601]: Source—1970 s.260(1), (2)
[^c21598611]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/1)
[^c21598631]: Source—1970 s.260(3)(a), (d)
[^c21598641]: Words in [s. 407(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2)
[^c21598651]: Source—1970 s.260(3)(b)
[^c21598671]: Word in [s. 407(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2) inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598681]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) and words inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598691]: Source—1970 s.260(4)
[^c22745851]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745871]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) substituted for para. (c) and words following it (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751541]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751551]: Words in [s. 407(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22746161]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/1) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22744691]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24) s. 7(2)
[^c22744291]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22743191]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17)
[^c22744751]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/1)
[^c21598761]: Source—1973 s.29, 32(6); 1981 s.40(6)
[^c21598771]: *See* Trustee Savings Bank Act 1985 s.5*and* Sch.2 para.6(8)—s.410*not to apply to transfers effected by* s.3*of the* TSB Act 1985.
[^c21598781]: Source—1981 s.47
[^c22750861]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/5); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), [art. 2(1)](https://www.legislation.gov.uk/uksi/2000/2957/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2000/2957/schedule/1)
[^c22752041]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 5](https://www.legislation.gov.uk/uksi/2002/653/article/5) (with [art. 6](https://www.legislation.gov.uk/uksi/2002/653/article/6))
[^c22751881]: S.. 410(1)(4)(5)-(7) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22746471]: Words in [s. 410(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/5) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 68](https://www.legislation.gov.uk/ukpga/1997/16/section/68)
[^c21598791]: Source—1970 s.263(1),(2)
[^c22747561]: [S. 411(2)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/2) repealed (with effect in accordance with Sch. 7 para. 6, Sch. 8 Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22751901]: [S. 411(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/1) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22751731]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751741]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22748651]: [S. 412](https://www.legislation.gov.uk/ukpga/1988/1/section/412) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/46); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21598931]: Source—1970 s.258; 1985 Sch.9 1
[^c21598941]: Source—1970 s.258(5)-(7)
[^c21598951]: Source—1970 s.258(8); 1984 s.46(2); 1985 Sch.9 1(a)
[^c22743261]: [S. 413(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6/a) applied (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/7)
[^c21598961]: Source—1973 s.28(2)-(5); 1981 s.40(5)
[^c22743031]: [S. 413(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/8/9) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/b/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c22747511]: [S. 413(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/7)
[^c22748671]: Words in [s. 413(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 38](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/38) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22750111]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c22750131]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "non-resident company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c23441631]: [S. 413(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3) applied (with modifications) (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35)
[^c22767851]: Words in [s. 413(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5) repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22743021]: [S. 413(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5/c) and preceding word repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c23442601]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "EEA territory" inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/5/2)
[^c23443201]: [S. 413(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3/a) applied (6.4.2007) by [The Income Tax (Construction Industry Scheme) Regulations 2005 (S.I. 2005/2045)](https://www.legislation.gov.uk/uksi/2005/2045), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2045/regulation/1), [5(5)](https://www.legislation.gov.uk/uksi/2005/2045/regulation/5/5) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2005/2045/schedule/1)); Gazette issue 58269 dated 9.3.2007
[^c22746701]: [S. 403A](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750041]: Words in [s. 403A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/b) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/b) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c23441891]: [S. 403A(10)(a)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/a/ab) substituted for s. 403A(10)(a) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/2)
[^c23441921]: [S. 403A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/3)
[^c22746721]: [S. 403B](https://www.legislation.gov.uk/ukpga/1988/1/section/403B) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750071]: [S. 403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403C) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(1)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/1/5)
[^c22749751]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/1)
[^c22751481]: Words in [s. 403ZB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 36](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/36) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751501]: [S. 403ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/2) restricted (with effect in accordance with s. 579(1) of the restricting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 131(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/131/7) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22749241]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22752181]: [S. 403ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZC/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 45](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/45), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22752221]: [S. 403ZD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/6) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/2)
[^c23438571]: [S. 403ZD(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(2)(4)
[^c23438591]: [S. 403ZD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/5) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(3)
[^c23438611]: Words in [s. 403ZE(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/1/b/ii) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(2)(3)
[^c23438631]: [S. 403ZE(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/2) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(4)
[^c23550481]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35) to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
[^c23441971]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/a)
[^c23441991]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/b)
[^c23442011]: [S. 403D(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/3)
[^c23438381]: Words in [s. 403E(1)(a)(2)(4)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/1/a/2/4/5/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23546071]: [S. 403E(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/3) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23441691]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 136(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/136/1/2/c)
[^c23550461]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2006/3296/regulation/17)
[^c23550471]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23550451]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521](https://www.legislation.gov.uk/ukpga/2009/4/section/521) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c22752391]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/4) (as inserted (with effect in accordance with s. 104(5) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3))
[^c22752411]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/2/5) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 22(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/22/4))
[^c23481021]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 453](https://www.legislation.gov.uk/ukpga/2005/5/section/453), [456(7)](https://www.legislation.gov.uk/ukpga/2005/5/section/456/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598971]: *See* 1979(C) s.155(1)—*definition applied for purposes of capital gains.*
[^c21598981]: Source—1970 s.282(1)
[^c21598991]: 1989 s. 104(1) from 1 April 1989. Previously "(2) Subject to section 415 and subsection (5) below, a company resident in the United Kingdom (but not falling within subsection (1)(b) above) is a close company if-(a) on the assumtion that it is so, or (b) on the assumption that it and any other such company or companies are so, more than half of any any amount falling to be apportioned under section 423 in the case of the company (including any sum which has been apportioned to it, or could on either of those assumptions be apportioned to it, under that section) could be apportioned among five or fewer participators, or among participators who are directors.".
[^c21599001]: Source—1970 s.282(2); 1972 Sch.17 1
[^c21599011]: Repealed by 1989 ss. 104(2) and 187 and Sch. 17 Part V from 1 April 1989
[^c21599021]: Source—1970 s.282(3)
[^c21599031]: 1970 s.282(4), (5); 1972 Sch.17 1
[^c21599041]: 1989 s.104(3)*from* 1*April* 1989.*Previously* “paragraph (c) of section 416(2) and it would not be a close company if the reference in that paragraph”.
[^c21599051]: Source—1971 s.25(6)
[^c23481081]: Words in [s. 414(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/7) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 18](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/18) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23481211]: Words in [s. 414(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 77](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/77) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21599061]: Source—1970 s.283(1)-(3)
[^c21599071]: Source—1970 s.283(4)(a)
[^c21599081]: Source—1970 s.283(4)(bb); 1970(F) Sch.5 Part III 12(3)
[^c21599091]: Source—1970 s.283(4)(c)
[^c21599101]: Source—1970 s.283(5)-(8)
[^c22745911]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (with effect in accordance with [Sch. 38 para. 6(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(f)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/f)
[^c23481101]: Words in [s. 415(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/4/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 19](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/19) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23481231]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/4)
[^c21599161]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/89/1), [Sch. 16 para. 10(9)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/9) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(11)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/11/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599171]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 86(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/5), [288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [Sch. 5 paras. 2(8)(9)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/2/8/9), [8(8)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/8/8), [9(9)(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/9/9/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (1.10.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [art. 62(4)](https://www.legislation.gov.uk/nisi/1992/1725/article/62/4); [S.R. 1992/402](https://www.legislation.gov.uk/nisr/1992/402), [art. 2(a)](https://www.legislation.gov.uk/nisr/1992/402/article/2/a)
[^c22744231]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (17.12.1996) by [Housing Grants, Construction and Regeneration Act 1996 (c. 53)](https://www.legislation.gov.uk/ukpga/1996/53), [ss. 54(2)](https://www.legislation.gov.uk/ukpga/1996/53/section/54/2), [150(3)](https://www.legislation.gov.uk/ukpga/1996/53/section/150/3); [S.I. 1996/2842](https://www.legislation.gov.uk/uksi/1996/2842), [art. 3](https://www.legislation.gov.uk/uksi/1996/2842/article/3)
[^c23457351]: S, 416 applied (N.I.) (1.10.2003 for specified purposes and 1.12.2003 otherwise) by [The Housing (Northern Ireland) Order 2003 (S.I. 2003/412)](https://www.legislation.gov.uk/uksi/2003/412), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/412/article/1/3), [85(2)](https://www.legislation.gov.uk/uksi/2003/412/article/85/2); [S.R. 2003/270](https://www.legislation.gov.uk/nisr/2003/270), [art. 2(4)](https://www.legislation.gov.uk/nisr/2003/270/article/2/4), [Sch. 3](https://www.legislation.gov.uk/nisr/2003/270/schedule/3)
[^c21599181]: Source—1970 s.302(1); 1972 Sch.24 21
[^c21599191]: Words repealed by 1989 s. 187 and Sch. 17 Part v in relation to accounting periods beginning after 31 March 1989
[^c21599201]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22745921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 87(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/87/6) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11))
[^c22745941]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 9 para. 17(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8) Sch. 9 para. 17(9)
[^c22746271]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.3.1996) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 12(7)](https://www.legislation.gov.uk/ukpga/1995/45/section/12/7), [18(4)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/4) (with [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1)); [S.I. 1996/218](https://www.legislation.gov.uk/uksi/1996/218), [art. 3](https://www.legislation.gov.uk/uksi/1996/218/article/3)
[^c22746291]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (10.6.1996) by [The Gas (Northern Ireland) Order 1996 (S.I. 1996/275)](https://www.legislation.gov.uk/uksi/1996/275), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1996/275/article/1/2), [39(7)](https://www.legislation.gov.uk/uksi/1996/275/article/39/7) (with [art. 71](https://www.legislation.gov.uk/uksi/1996/275/article/71)); [S.R. 1996/216](https://www.legislation.gov.uk/nisr/1996/216), [art. 2](https://www.legislation.gov.uk/nisr/1996/216/article/2) (with [arts. 3](https://www.legislation.gov.uk/nisr/1996/216/article/3), [4](https://www.legislation.gov.uk/nisr/1996/216/article/4))
[^c22750701]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 19E(4)](https://www.legislation.gov.uk/ukpga/1986/44/section/19E/4) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 2 para. 1](https://www.legislation.gov.uk/uksi/2000/1937/schedule/2/paragraph/1))
[^c22750721]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 17E(7)](https://www.legislation.gov.uk/ukpga/1998/17/section/17E/7) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 4 para. 4](https://www.legislation.gov.uk/uksi/2000/1937/schedule/4/paragraph/4))
[^c22750881]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 8(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/8/2)
[^c22750901]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/20); and s. 416(2)-(6) applied by that para. 20 as amended by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 20 paras. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/15)
[^c22750921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 33(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/33/5)
[^c22752431]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch.15 para. 11(2D)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/11/2D/a) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 41(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/41/2))
[^c22752451]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 59(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/59/4)
[^c23457571]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 10(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/10/3) (as substituted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/3))
[^c23457581]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/11/paragraph/4/2); [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23481311]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 784(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/784/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21599211]: Source—1970 s.302(2)-(4); 1972 Sch.17 5
[^c21599221]: Source—1970 s.302(5), (6)
[^c21599351]: *Definition of* “participator”,*excluding* “loan creditor”,*applied for purposes of* 1979(C) s.149 (*capital gains tax relief on disposals to employee trusts*).*Definition of* “participator” *applied for purposes of*—1988 s.168(11)—*directors etc.*1988 s.187(3)—*share option and profit sharing schemes.*1988 s.360A—*loan to buy interest in close company.*1989 Sch.5—*employee share ownership trusts.*
[^c21599361]: In s. 417(1): definition of 'participator' applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89](https://www.legislation.gov.uk/ukpga/1991/31/section/89), [Sch. 16 paras. 4(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/4/10), [10(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/10), [11(11)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/11/11) and applied by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(12)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/12/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599371]: Source—1970 s.303(1), (2)
[^c21599381]: *See* s.360(4)(b)*ante with regard to loans made before* 14*November* 1986.
[^c21599391]: *Definition of* “associate” *applied for purposes of:*—1988 s.168 (Ch.II Part V) (*expenses of directors and others*).1988 s.312 (Ch.III Part VII) (*Business Expansion Scheme*).1989 Sch.5 para.16—*employee share ownership trusts.*
[^c21599411]: Source—1970 s.303(4)-(6)
[^c21599421]: *Definition applied for purposes of* 1988(F) s.131—*penalties; and* 1989 s.134—*non-payment of tax by non-residents.*
[^c21599431]: *Definition applied for purposes of* 1989 Sch.12 Pt.I—*close companies: administrative provisions.*
[^c21599441]: Source—1970 s.303(7)
[^c21599451]: Source—1970 s.303(8); 1972 Sch.17 7
[^c21599461]: Source—1970 s.303(7)
[^c21599401]: Source—1970 s.303(3); 1970(F) Sch.5 Part III 12(4); 1987 s.37(1)
[^c23481041]: Words in [s. 417(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [72](https://www.legislation.gov.uk/uksi/2005/3229/regulation/72)
[^c23481331]: [S. 417](https://www.legislation.gov.uk/ukpga/1988/1/section/417) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23481371]: [S. 417(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/1) applied (with modifications) (with effect in accordance with Sch 15 paras. 97, 98 of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 15 para. 82(5)(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/15/paragraph/82/5/6)
[^c23481161]: Words in [s. 417(3)(b)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b/c/i) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23481141]: Words in [s. 417(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21599471]: Source—1970 s.284(1)
[^c21599481]: Source—1970 s.284(2)
[^c21599491]: Source—1970 s.284(2)(a); 1976 Sch.9 15
[^c21599501]: 1989 s.53(2)(f).*Previously* “director's or higher-paid employment (within the meaning of section 167)”.
[^c21599511]: Source—1970 s.284(2)(aa); 1980 s.51(4)
[^c21599521]: Source—1970 s.284(2)(b); 1976 Sch.9 15; 1977 s.35(4)
[^c21599531]: Source—1970 s.284(3); 1976 Sch.9 16
[^c21599541]: Source—1970 s.284(4)-(7)
[^c23457471]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457491]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457511]: Words in [s. 418(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457531]: Words in [s. 418(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481061]: Words in [s. 418(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [73](https://www.legislation.gov.uk/uksi/2005/3229/regulation/73)
[^c21599551]: *See* 1989 s.107*and* Sch.12—*close companies: administrative provisions.*
[^c21599561]: *See* 1970(M) s.109—*application of* s.419*to corporation tax enactments generally.*
[^c21599571]: [S. 419(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1/3): 30.9.1993 appointed for the purposes of s. 419(1)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21599581]: Source—1970 s.286(1); 1972 Sch.17 3(2); 1987 (No.2) s.90(3)
[^c21599591]: Source—1970 s.286(2)
[^c21599621]: Source—1970 s.286(5); 1972 Sch.17 3(4); 1986 s.43(2); 1976 s.44
[^c21599631]: Source—1970 s.286(7)-(9)
[^c22746021]: [S. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/2)
[^c22746081]: [S. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/3)
[^c22767981]: Words in [s. 419(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/6) repealed (with effect in accordance with s. 173(6) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/4), [Sch. 41 Pt. 5(29)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/29), Note
[^c22748711]: Words in [s. 419(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1) substituted (with effect in accordance with [Sch. 3 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/2)
[^c22748911]: Words in [s. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748731]: Word in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) renumbered as s. 419(4)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/a)
[^c22748771]: [S. 419(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/b)
[^c22748871]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 47(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/3), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748761]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/c)
[^c22748801]: Word in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) renumbered as s. 419(4A)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/a)
[^c22748821]: [S. 419(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/b)
[^c22748841]: Words in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/c)
[^c22748891]: [S. 419(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4B) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21599641]: Source—1970 s.286(2)
[^c21599651]: Source—1970 s.286(3), (9); 1971 s.25(5); 1972 Sch.17 3(3)
[^c21599661]: Words omitted where the loan first mentioned in s. 420(2) is made on or after 6 April 1990-see 1988(F) s. 35 and Sch. 3 para. 16.
[^c21599701]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/4/a/5)
[^c22747651]: Words in [s. 421(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a/b) substituted (with effect in accordance with [Sch. 4 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/1/a)
[^c23480921]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480941]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480961]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480981]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481001]: Words in [s. 421(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480861]: [S. 421(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/c/d) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480891]: [S. 421(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481181]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/13), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21599751]: Source—1970 s.287A 1976 s.44(2)
[^c22770741]: Source—1970 s.323(1); 1973 s.40(7); 1982 s.58(7)
[^c22770761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (31.7.1992 with effect as mentioned in reg. 1 of the modifying S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [5](https://www.legislation.gov.uk/uksi/1992/1655/regulation/5) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [6](https://www.legislation.gov.uk/uksi/1993/3111/regulation/6); and as further amended (19.3.1997) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1997 (S.I. 1997/471)](https://www.legislation.gov.uk/uksi/1997/471), [regs. 1](https://www.legislation.gov.uk/uksi/1997/471/regulation/1), [6](https://www.legislation.gov.uk/uksi/1997/471/regulation/6))
[^c22770771]: Source—1970 s.323(2); 1970(F) Sch.5 Pt.III 11(4)
[^c22770791]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770811]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/4)
[^c22770831]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770851]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770861]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770871]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in the definition of "overseas life insurance company" substituted (27.7.1993 as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/1/3/4)
[^c22770881]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" inserted (27.7.1993 with effect in relation to accounting periods beginning after 31.12.1992) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 99(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/99/2/3)
[^c22770901]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770911]: [S. 431(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(3)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/3)
[^c22855041]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "general annuity business" and "pension business" repealed (with effect in accordance with Sch. 8 para. 57, Sch. 29 Pt. 8(5) Notes 2, 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22855071]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855011]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22854971]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance company" substituted (with effect in accordance with [s. 52(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/1)
[^c22854991]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855031]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "linked assets" substituted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/1)
[^c22855091]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "offshore income gain" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life asurance business" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance business" inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855111]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word following the definition of "overseas life assurance company" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22854981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "pension business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855131]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "policy holders' fraction" and "shareholders' fraction" inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch.8 para.1](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/1) and repealed (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 6
[^c22855021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855121]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855141]: [S. 431(2A)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855431]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (20.3.1997 with effect as mentioned in reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/1997/473/regulation/6) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3629/regulation/1), [156](https://www.legislation.gov.uk/uksi/2001/3629/regulation/156), [165(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/regulation/165/2/b); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [4](https://www.legislation.gov.uk/uksi/2003/23/regulation/4); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [6](https://www.legislation.gov.uk/uksi/2004/822/regulation/6); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/2005/regulation/5))
[^c22855441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (20.3.1997 with effect as mentioned in reg. 7(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/1997/473/regulation/7)
[^c22855401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "industrial assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "ordinary long term business" and "ordinary life assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" repealed (with effect in accordance with Sch. 6 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/5/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22855471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [7](https://www.legislation.gov.uk/uksi/1998/1871/regulation/7)
[^c22855481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [5](https://www.legislation.gov.uk/uksi/1999/498/regulation/5)
[^c22855491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/a), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22855501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "contract of insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/2)
[^c22855521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "insurance business transfer scheme" and "insurance company" substituted for definition of "insurance company" (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/3)
[^c22855541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term business" substituted for definition of "long term business" (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/5)
[^c22855581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/b)
[^c22855591]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/a)
[^c22855551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" inserted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/6)
[^c22855561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "periodical return" substituted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/7)
[^c22855571]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Prudential Sourcebook (Insurers)" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/8)
[^c23572411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "brought into account" inserted (with effect in accordance with [Sch. 33 para. 20(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/2)
[^c23572451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" inserted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 25](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/25)
[^c23572471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "period of account" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 29](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/29)
[^c23572431]: [S. 431(2ZA)-(2ZE)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZA) inserted (with effect in accordance with [Sch. 33 para. 22(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 22(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/1)
[^c23572551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [5](https://www.legislation.gov.uk/uksi/2004/2680/regulation/5); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23573041]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2005/2014/regulation/6) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2134/regulation/6); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(2)(3)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/2/3), [4](https://www.legislation.gov.uk/uksi/2008/1937/regulation/4))
[^c23572961]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" inserted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/2)
[^c23572981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "liabilities" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/3)
[^c23573021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" repealed (with effect in accordance with Sch. 9 para. 2(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/4), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10), Note 1
[^c23573001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "value" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/5)
[^c23573061]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "free assets amount" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/a)
[^c23573101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/b)
[^c23573081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "shareholders' excess assets" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/c)
[^c23573121]: Word at the end of s. 431(2ZB)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/a)
[^c23573201]: Words in [s. 431(2ZB)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/b)
[^c23573161]: [S. 431(2ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/c)
[^c23573221]: Words in [s. 431(2ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/d)
[^c23573141]: Word at the end of s. 431(2ZC)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/a)
[^c23573241]: Words in [s. 431(2ZC)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/b)
[^c23573181]: [S. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/c)
[^c23573261]: Words in [s. 431(2ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/d)
[^c23573281]: Word in [s. 431(ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/ZB/d) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [art. 2](https://www.legislation.gov.uk/uksi/2006/1358/article/2)
[^c23573311]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "General Prudential Sourcebook" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/a)
[^c23573351]: [2000 c. 8](https://www.legislation.gov.uk/ukpga/2000/8)
[^c23573361]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "insurance company" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/b)
[^c23573331]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "the Insurance Prudential Sourcebook" and "insurance special purpose vehicle" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/c)
[^c23573381]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(d)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/d)
[^c23573401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (a) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(i)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/i)
[^c23573421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (b) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/ii)
[^c23573441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "value" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(f)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/f)
[^c23582841]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/a)
[^c23582861]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/b)
[^c23593801]: [S. 431(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/1) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/11/2)
[^c23573581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "annuity business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/3/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23573461]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "child trust fund business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593781]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "fair value" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/1)
[^c23573481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign currency assets" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "gross roll-up business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593621]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the I minus E basis" inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/3) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23573521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "immediate needs annuities business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "individual savings account business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593641]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance business transfer scheme" substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/1)
[^c23593741]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "internal linked fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/1)
[^c23573621]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life assurance business" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593821]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the life assurance provisions of the Corporation Tax Acts" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/11/3)
[^c23593761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "net value" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/1)
[^c23593681]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "non-profit company" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23593701]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "non-profit fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23573601]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance fund" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/3/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23573561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "PHI business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573641]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance" substituted for definition of "reinsurance business" (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593721]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "with-profits fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23574401]: [S. 431(2ZF)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZF) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593661]: [S. 431(2ZG)(2ZH)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZG/2ZH) inserted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/3)
[^c23594271]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/3)
[^c23595711]: [S. 431A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/5) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/1/2/a), [Sch. 26 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/14)
[^c23595731]: Words in [s. 431A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/1) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 12(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/12/2)
[^c23595771]: Words in [s. 431A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/3/a) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/7), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23595751]: [S. 431A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/7) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 12(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/12/3), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21600341]: See 1989 ss.82-92 for changes made by Finance Act 1989 and 1990 ss.41-48 for changes made by Finance Act 1990.
[^c23596011]: [S. 431B](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 20](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/20) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(2)-(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/2)(7)) ( with Sch. 36)
[^c22783381]: [S. 431C](https://www.legislation.gov.uk/ukpga/1988/1/section/431C) modified (with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 11](https://www.legislation.gov.uk/uksi/1995/1730/regulation/11) (as amended by: [S.I. 1996/1621](https://www.legislation.gov.uk/uksi/1996/1621), [regs. 1](https://www.legislation.gov.uk/uksi/1996/1621/regulation/1), [5](https://www.legislation.gov.uk/uksi/1996/1621/regulation/5); [S.I. 2003/2573](https://www.legislation.gov.uk/uksi/2003/2573), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2003/2573/regulation/10); [S.I. 2007/2087](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2087/regulation/6))
[^c22804931]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c23596121]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22806141]: [S. 431D(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2) substituted for s. 431D(2)-(8) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/2) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c23596131]: Words in [s. 431D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 176](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/176) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23596191]: [S. 431D(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1/1A) substituted for s. 431D(1) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23596211]: Words in [s. 431D(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23596241]: Words in [s. 431D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/4) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22804971]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [9](https://www.legislation.gov.uk/uksi/1998/1871/regulation/9)
[^c23599481]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [7](https://www.legislation.gov.uk/uksi/2004/2680/regulation/7); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23599491]: Words in [s. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/11) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22786001]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432): word in sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771521]: Source—1970 s.307
[^c22857411]: Words in [s. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794391]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (20.3.1997 with effect in accordance with reg. 8(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [8(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/8/2)
[^c23602111]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2005/2014/regulation/8) (and that modifying reg. 8 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2007/2134/regulation/8))
[^c22789521]: [S. 432(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432/2) repealed (with effect in accordance with s. 167(10), Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/1), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22807851]: Words in [s. 432ZA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/1)
[^c22807871]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/2)
[^c22811311]: Words in [s. 432ZA(2)(a)(b)(3)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/2/a/b/3/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/b)
[^c23607281]: Words in [s. 432ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/1) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 4(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/4/2)
[^c23611131]: Words in [s. 432ZA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/5) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 15(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/15/1)
[^c23611111]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6): definition of "internal linked fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23611081]: Words in [s. 432ZA(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/12) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22771551]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (3.5.1994) by Finance Act 1994, (c. 9), s. 169, Sch. 18 para 1(4)
[^c22771561]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 6-8](https://www.legislation.gov.uk/uksi/1992/1655/regulation/6) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [7](https://www.legislation.gov.uk/uksi/1993/3111/regulation/7); and as further amended (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/1916/regulation/5))
[^c22857421]: [S. 432A(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/2)
[^c22857431]: Words in [s. 432A(5)(6)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5/6/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857451]: [S. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771691]: [S. 432A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/10) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/a), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (8), Note
[^c22789591]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793961]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para 19](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/19)
[^c22794411]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1997/473/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/473/regulation/13) (as amended by: [S.I. 2000/2710](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2710/regulation/4); [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1](https://www.legislation.gov.uk/uksi/2001/3629/article/1), [157](https://www.legislation.gov.uk/uksi/2001/3629/article/157), [165](https://www.legislation.gov.uk/uksi/2001/3629/article/165); [S.I. 2001/3975](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [4](https://www.legislation.gov.uk/uksi/2001/3975/regulation/4); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [5](https://www.legislation.gov.uk/uksi/2003/23/regulation/5), [6](https://www.legislation.gov.uk/uksi/2003/23/regulation/6); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [8](https://www.legislation.gov.uk/uksi/2004/822/regulation/8), [9](https://www.legislation.gov.uk/uksi/2004/822/regulation/9); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/2005/regulation/6))
[^c22794451]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [10-12](https://www.legislation.gov.uk/uksi/1997/473/regulation/10)
[^c22804991]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [10](https://www.legislation.gov.uk/uksi/1998/1871/regulation/10)
[^c22806261]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3A/5) (as inserted (with effect in accordance with s. 109(10) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/8))
[^c22811141]: Words in [s. 432A(1)(a)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1/a/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/c)
[^c22806231]: [S. 432A(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A/9B) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/6)
[^c22813061]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 138(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/138/2/3)
[^c23603821]: [S. 432A(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9B) repealed (with effect in accordance with Sch. 43 Pt. 3(12), Note 1 of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23603841]: Words in [s. 432A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/2)
[^c23603861]: [S. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/3)
[^c23603901]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [8](https://www.legislation.gov.uk/uksi/2004/2680/regulation/8); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23603881]: Words in [s. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/4)
[^c23603931]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [9](https://www.legislation.gov.uk/uksi/2007/2134/regulation/9); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2008/1937/regulation/6))
[^c23605881]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/a)
[^c23605901]: Word at the end of s. 432A(7)(a) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/b)
[^c23605921]: [S. 432A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/c)
[^c23605951]: [S. 432A(8)-(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted for s. 432A(8) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(5)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/5)
[^c23606011]: Words in [s. 432A(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8B) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [5](https://www.legislation.gov.uk/uksi/2006/3270/article/5)
[^c23606131]: Words in [s. 432A(8)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8/a/i) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(5)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/5/a)
[^c23606151]: Words in [s. 432A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(5)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/5/b)
[^c23606171]: [S. 432A(8ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8ZA) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(6)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/6)
[^c23606531]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) excluded by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(14)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/14) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c23606191]: Word in [s. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606211]: [S. 432A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/a) substituted for s. 432A(2)(a)-(f) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606231]: Word in [s. 432A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606431]: [S. 432A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606251]: [S. 432A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/4A) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606271]: Word in [s. 432A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(7)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/7/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606451]: Words in [s. 432A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(7)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/7/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606291]: [S. 432A(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6) substituted for s. 432A(6)-(6AA) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606311]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606331]: Words in [s. 432A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606351]: Words in [s. 432A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/b) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606471]: Words in [s. 432A(7)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/i) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/d), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606411]: Words in [s. 432A(7)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/ii) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/5) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23606371]: Words in [s. 432A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606391]: Words in [s. 432A(8ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8ZA) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(11)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/11) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606491]: [S. 432A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(12)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/12), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606511]: [S. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23606561]: Words in [s. 432A(7)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/i) omitted (13.8.2007 with effect in accordance with reg. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2007 (S.I. 2007/2086)](https://www.legislation.gov.uk/uksi/2007/2086), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/6/1)
[^c22771711]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 9](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [8](https://www.legislation.gov.uk/uksi/1993/3111/regulation/8))
[^c22771721]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [10](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10)
[^c22771731]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [9(1)](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9/1)
[^c22786291]: Words in [s. 432B(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1/2) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786071]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786091]: [S. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786361]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23613921]: [S. 432B(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 6(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/6/2)
[^c23613941]: [S. 432B(8)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8) substituted for s. 432B(8) (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(2)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/2)
[^c23614001]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/i)
[^c23614021]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/ii)
[^c23614041]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (a) of definition of "shareholders' excess income" inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(d)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/d)
[^c23614061]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/i)
[^c23614081]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/ii)
[^c23614101]: Words in [s. 432B(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/i)
[^c23614121]: [S. 432B(11)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/ii)
[^c23614141]: [S. 432B(11)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iii)
[^c23614161]: Words in [s. 432B(11)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iv)
[^c23614181]: Words in [s. 432B(11)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/iii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(v)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/v)
[^c23614201]: Words in [s. 432B(11)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/i)
[^c23614221]: [S. 432B(11)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/ii)
[^c23614241]: Words in [s. 432B(11)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iii)
[^c23614261]: Words in [s. 432B(11)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/iii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iv)
[^c23614281]: Words in [s. 432B(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/i)
[^c23614301]: [S. 432B(11)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/ii)
[^c23614321]: Words in [s. 432B(11)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/iii)
[^c23614341]: [S. 432B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/12) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/5)
[^c23614821]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 9A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2007/2134/regulation/10) (and that modifying reg. 10 is omitted (12.8.2008 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2008/1937/regulation/7)))
[^c23614421]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/2/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614441]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/2/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614461]: Words in [s. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614481]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/4/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614501]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/4/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614521]: Words in [s. 432B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614541]: Word in [s. 432B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614651]: [S. 432B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/b) and preceding word repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/c), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614561]: Words in [s. 432B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/6/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614671]: Words in [s. 432B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/6/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614581]: Words in [s. 432B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/6) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614691]: Words in [s. 432B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/7) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/8), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614721]: Words in [s. 432B(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/9), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614761]: Words in [s. 432B(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8C) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/10), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614781]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): definition of "the relevant fraction" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(11)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/11/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614801]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): definition of "the section 83 net amount" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(11)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/11/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614601]: Words in [s. 432B(10)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/10/a/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(12)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/12/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614631]: [S. 432B(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/10/c) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(12)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/12/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615141]: [S. 432C](https://www.legislation.gov.uk/ukpga/1988/1/section/432C) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 17](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/17) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22771841]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22786701]: Words in [s. 432E(3)(a)(b)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a/b/6/a) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771851]: *For orders see* Part III Vol.5 (*under* “*Life assurance apportionment of participating funds: applicable percentage*”).
[^c22866001]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/1997/473/regulation/14) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [10](https://www.legislation.gov.uk/uksi/2004/822/regulation/10))
[^c23615431]: [S. 432E(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/a) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615451]: Words in [s. 432E(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/b) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615551]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2005/2014/regulation/12) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [12](https://www.legislation.gov.uk/uksi/2007/2134/regulation/12))
[^c23615491]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/a)
[^c23615511]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inerted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/b)
[^c23615531]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/3)
[^c23615561]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/2)
[^c23615581]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/3)
[^c23615601]: Words in [s. 432E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(2)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/2)
[^c23615621]: Words in [s. 432E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/3)
[^c23615641]: [S. 432E(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(4)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/4)
[^c23615661]: [S. 432E(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1/1A) substituted for s. 432E(1) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615701]: Words in [s. 432E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615881]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/3), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23615791]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/2/a); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615911]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/8/2); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615811]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/2/b); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615931]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/8/2); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615711]: Words in [s. 432E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615831]: Words in [s. 432E(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/b) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/b/i), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23615731]: Words in [s. 432E(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/b) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/b/ii) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615751]: Words in [s. 432E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615771]: Words in [s. 432E(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4A) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615851]: [S. 432E(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/5/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/7), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22794531]: [S. 432F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/1997/473/regulation/15); and that modifying reg. 15 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 11](https://www.legislation.gov.uk/uksi/2004/822/regulation/11)
[^c23633031]: [Ss. 432B-432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) applied (1.4.2010 with effect in accordance with s. 381(1) of the affecting Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/102/3) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23631891]: Words in [s. 432F(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 20(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/20/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23631911]: Words in [s. 432F(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 20(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/20/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22805921]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13A](https://www.legislation.gov.uk/uksi/1997/473/regulation/13A) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c22805011]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [11](https://www.legislation.gov.uk/uksi/1998/1871/regulation/11)
[^c23613561]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/2014/regulation/10) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2007/2134/regulation/11); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2008/1937/regulation/8))
[^c22811251]: Words in [s. 432AA(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/2/3/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/d)
[^c23613551]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [9](https://www.legislation.gov.uk/uksi/2004/2680/regulation/9); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23613591]: [S. 432AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/3) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/2), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23613571]: [S. 432AA(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4/a) substituted for s. 432AA(4)(a)-(d) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23613631]: Words in [s. 432AA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22805941]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13B](https://www.legislation.gov.uk/uksi/1997/473/regulation/13B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c23613711]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2005/2014/regulation/11)
[^c23613691]: [S. 432AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 17(2)
[^c23613721]: [S. 432AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 15](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/15), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23631991]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 21](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/21) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23633041]: [Ss. 432B-432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) applied (1.4.2010 with effect in accordance with s. 381(1) of the affecting Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/102/3) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23611171]: Words in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/a)
[^c23611191]: Word in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/b)
[^c23611211]: Words in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(c)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/c)
[^c23611231]: [S. 432YA(2)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/2) substituted for s. 432YA(2) (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/3)
[^c23611271]: [S. 432YA(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/3/4) omitted (17.4.2007 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(4)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/4)
[^c23611251]: [S. 432YA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/6) added (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/5)
[^c23611311]: Words in [s. 432YA(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/2A) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/3/a)
[^c23611331]: [S. 432YA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/5): definitions of "non-profit company" and "non-profit fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23601861]: [S. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 12](https://www.legislation.gov.uk/uksi/1995/1730/regulation/12) (as amended (13.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment) Regulations 2007 (S.I. 2007/2087)](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2007/2087/regulation/8))
[^c23602081]: [S. 431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2007/2134/regulation/7); and as amended by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [5](https://www.legislation.gov.uk/uksi/2008/1937/regulation/5))
[^c22771881]: [S. 434](https://www.legislation.gov.uk/ukpga/1988/1/section/434) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22787961]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/19/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788001]: [S. 434(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/2/7) repealed (with effect in accordance with Sch. 29 Pt. 8(5) Note 2 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22771941]: [S. 434(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/3A) substituted for s. 434(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/3/1)
[^c22772001]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/4)
[^c22772011]: Source—1970 s.310(6)
[^c22772021]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772031]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772061]: 1990 s.45(7).
[^c22772071]: Word at the end of s. 434(6A)(a) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5), [Sch. 26 pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22772081]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5)
[^c22795751]: [S. 434(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1) (with effect in accordance with [Sch. 3 para. 3(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 3(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/2)
[^c22795841]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) repealed (with effect in accordance with Sch. 6 para. 3(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22795881]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) repealed (with effect in accordance with Sch. 6 para. 6(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801461]: [S. 434(3)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/6/8) repealed (with effect in accordance with Sch. 3 para. 25(5)(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 25(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/25/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23635561]: Words in [s. 434(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3A) substituted (with effect in accordance with [Sch. 33 para. 12(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/2)
[^c23635621]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1)(1B) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 22(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/22/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23635641]: [S. 434(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/b) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 22(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/22/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22788031]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 20(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/20/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874051]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/a/2)
[^c22874131]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874121]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/3)
[^c22870371]: [S. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874071]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/b)
[^c22871451]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22796071]: [S. 434A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/1) repealed (with effect in accordance with Sch. 3 para. 4(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/4/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22874141]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/a)
[^c23635731]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/b)
[^c23635771]: [S. 434A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/i) repealed (with effect in accordance with s. 38(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/4), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23635791]: Words in [s. 434A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/2/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23635811]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/2/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23635831]: Words in [s. 434A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23635851]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 15(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/15/2)
[^c22783461]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 10A](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10A) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772351]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772361]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772371]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772381]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22788141]: [S. 437(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/6) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22794651]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/1997/473/regulation/21) ( as amended (31.12.1997) with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment No. 2) Regulations 1997 (S.I. 1997/2877)](https://www.legislation.gov.uk/uksi/1997/2877), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/2877/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/1997/2877/regulation/4))
[^c22874681]: [S. 437(1A)-(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1) (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/5), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22794021]: [S. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1A)(1B) (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/1)
[^c22794041]: Words in [s. 437(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c22794061]: [S. 437(1CA)-(1CD)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1CA) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c23648521]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/9)
[^c23648541]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 18
[^c23648621]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2005/2014/regulation/14)
[^c23648561]: Words in [s. 437(1C)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648601]: Word at the end of s. 437(1C)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648581]: [S. 437(1C)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/d) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23650411]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/6) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c22772391]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/5)
[^c22772401]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22772411]: Source—1970 s.314(1); 1970(F) Sch.5 Part III 11(3), (6)(c)
[^c22772441]: [S. 438(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3AA) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/2)
[^c22772501]: 1990 s.45(9).
[^c22772511]: [S. 438(6B)-(6E)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/6B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/4)
[^c22788391]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22805151]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [14](https://www.legislation.gov.uk/uksi/1998/1871/regulation/14) (and as substituted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2075/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2075/regulation/4))
[^c22800601]: [S. 438(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3/3AA) repealed (with effect in accordance with Sch. 3 para. 6(7) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800631]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)-(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note (with Sch. 3 para. 13(17))
[^c22800771]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)(8), Sch. 8 Pt. 2(6) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22800781]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) repealed (with effect in accordance with Sch. 3 para. 6(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/6), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23653041]: [S. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [12](https://www.legislation.gov.uk/uksi/2004/2680/regulation/12); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23652971]: [S. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note
[^c23652991]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 26(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/26/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653011]: [S. 438(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/2/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 26(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/26/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772631]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22789381]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg 10C](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10C) (as inserted (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772641]: [S. 440(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1) excluded (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/6/4)
[^c22772661]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 4](https://www.legislation.gov.uk/uksi/1995/171/regulation/4), [5](https://www.legislation.gov.uk/uksi/1995/171/regulation/5) (as amended (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [3](https://www.legislation.gov.uk/uksi/1997/472/regulation/3))
[^c22772681]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788831]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/5/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788861]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/57/1) of the amending Act) by Finance Act 1995, Sch. 8 para. 5(3), s. 55(2)
[^c22788881]: [S. 440(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/6) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794671]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/1997/473/regulation/22) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/1), [165(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/d); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [18](https://www.legislation.gov.uk/uksi/2004/822/regulation/18))
[^c22794691]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/1997/473/regulation/23) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/2)); and that modifying reg. 23 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 19](https://www.legislation.gov.uk/uksi/2004/822/regulation/19)
[^c22794871]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 4A(3) of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A(1)(2)(a)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A/1/2/a) (as inserted (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c22790111]: [S. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/25) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22794711]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending Regulations) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/1997/473/regulation/24), [25](https://www.legislation.gov.uk/uksi/1997/473/regulation/25); and that modifying reg. 25 is omitted (8.4.2004 with effect in accordance with regs. 1, 20(2) of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 20(1)](https://www.legislation.gov.uk/uksi/2004/822/regulation/20/1)
[^c22805171]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [15](https://www.legislation.gov.uk/uksi/1998/1871/regulation/15)
[^c22812611]: [S. 440(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2/a) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 28(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 28(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/28/1)
[^c22811381]: Words in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/g)
[^c22813141]: [S. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/5) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23653211]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2005/2014/regulation/16) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [16](https://www.legislation.gov.uk/uksi/2007/2134/regulation/16))
[^c23653291]: Words in [s. 440(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1/2) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/2/a)
[^c23653331]: [S. 440(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A/2B) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23653231]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653251]: [S. 440(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/a) substituted for s. 440(4)(a)-(c) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653271]: Word in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653361]: [S. 440(4)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/f) modified by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(12)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/12) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c23653311]: [S. 440(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22794751]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [26](https://www.legislation.gov.uk/uksi/1997/473/regulation/26), [27](https://www.legislation.gov.uk/uksi/1997/473/regulation/27); and that modifying reg. 27 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 21](https://www.legislation.gov.uk/uksi/2004/822/regulation/21)
[^c22788901]: [S. 440A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a) substituted for s. 440A(2)(a)(b) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772811]: *See* 1990 s.41*and* Sch.6 para.12(2)—subs.(d)*omitted for period* 1*January* 1990*to* 19*March* 1990*inclusive.*
[^c22772821]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772851]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772861]: Words in [s. 440A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22772871]: [S. 440A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788931]: [S. 440A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/7) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874781]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [14](https://www.legislation.gov.uk/uksi/1992/1655/regulation/14), [15](https://www.legislation.gov.uk/uksi/1992/1655/regulation/15) (as amended (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5))
[^c22874791]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [16](https://www.legislation.gov.uk/uksi/1992/1655/regulation/16) (as substituted (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/1993/3111/regulation/10))
[^c22802301]: Words in [s. 440A(3)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/3/4/6) substituted (with effect in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/a)
[^c23653411]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2005/2014/regulation/17) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [17](https://www.legislation.gov.uk/uksi/2007/2134/regulation/17))
[^c22811391]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/h)
[^c23653431]: [S. 440A(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i/ii) substituted for s. 440A(2)(a)(i)-(iii) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653491]: [S. 440A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/c) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23653451]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(c)(i)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/c/i) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653471]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/c/ii) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653511]: [S. 440A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/e) modified by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(13)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/13) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c22790131]: [S. 440B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A) inserted (with effect in accordance with [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/1)
[^c22799901]: [S. 440B(1A)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A/2) repealed (with effect in accordance with Sch. 3 para. 8(4)(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 8(2)(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/8/2/3), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811401]: Words in [s. 440B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/i)
[^c23653581]: Words in [s. 440B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/2) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653601]: Words in [s. 440B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/3) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653541]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 33(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/33/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653561]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 33(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/33/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653621]: [S. 440B(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4A/4B) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653641]: [S. 440B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/5) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/5), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c22773031]: Source—1977 s.45(1)—(4); 1979(C) Sch.7
[^c22773051]: [S. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) excluded by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(8)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/8) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22773071]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(24)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/24) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22790191]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) repealed (with effect in accordance with [s. 164(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c23653981]: Words in [s. 442(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/1) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23653991]: [S. 442(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/4) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22789421]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) restricted (28.7.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [regs. 9](https://www.legislation.gov.uk/uksi/1995/1730/regulation/9), [10](https://www.legislation.gov.uk/uksi/1995/1730/regulation/10)
[^c22794811]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [29](https://www.legislation.gov.uk/uksi/1997/473/regulation/29)
[^c23654091]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2005/2014/regulation/19)
[^c23654031]: Words in [s. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) substituted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/2)
[^c23654051]: [S. 442A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/3A) inserted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/3)
[^c23654071]: Words in [s. 442A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/4) repealed (with effect in accordance with Sch. 33 para. 23(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/4), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 4
[^c22794831]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [30](https://www.legislation.gov.uk/uksi/1997/473/regulation/30) (as amended (1.12.2001) by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [159](https://www.legislation.gov.uk/uksi/2001/3629/article/159)); and that modifying reg. 30 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 23](https://www.legislation.gov.uk/uksi/2004/822/regulation/23)
[^c22786591]: [S. 444A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3A) inserted (with effect in accordance with [Sch. 8 para. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786611]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22811621]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 29(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 29(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/29/1)
[^c22811421]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/h)
[^c23654131]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/2)
[^c23654151]: [S. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/3)
[^c23654171]: Words in [s. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/1)
[^c23654191]: [S. 444A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/2) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(2)
[^c23654211]: Words in [s. 444A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/4) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(3)
[^c23654321]: Words in [s. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/2/2), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23654251]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23654291]: [S. 444A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/b) and preceding word repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23654271]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23654341]: [S. 444A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/7/8) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/2/3), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23662081]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/1)
[^c23680301]: [S. 444AB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/5/a) substituted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/2)
[^c23680961]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) inserted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/3)
[^c23680981]: Words in [s. 444AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/4)
[^c23683271]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23683251]: [S. 444AB(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/11) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/b), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23694111]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/b)
[^c23694141]: Words in [s. 444AC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(3)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/3)
[^c23694241]: [S. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) heading substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/5)
[^c23694161]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/a)
[^c23694181]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/b)
[^c23694201]: [S. 444AC(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2A) inserted (with effect in accordance with [Sch. 9 para. 7(6)(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/3)
[^c23694221]: [S. 444AC(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/4) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/4)
[^c23694261]: Words in [s. 444AC(2B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/a) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/a)
[^c23694281]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) inserted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/b)
[^c23694301]: Words in [s. 444AC(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2C) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/3)
[^c23694331]: Words in [s. 444AC(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5/a) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/4)
[^c23694351]: [S. 444AC(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5A) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/5)
[^c23694371]: Words in [s. 444AC(2)(2A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/2A/5) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/a)
[^c23694411]: [S. 444AC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/3) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/b)
[^c23694431]: Words in [s. 444AC(2B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694451]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694471]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694491]: Words in [s. 444AC(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2D) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694511]: Words in [s. 444AC(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/10) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694551]: [S. 444AC(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/11): opening words and definition of "fair value" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23694531]: [S. 444AC(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/11): definition of "insurance business transfer scheme" repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/c), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23694791]: [S. 444AD(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/a) substituted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/1)
[^c23694831]: [S. 444AD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/6) inserted (with effect in accordance with [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/2)
[^c23694851]: Words in [s. 444AD(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/b) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [7](https://www.legislation.gov.uk/uksi/2006/3270/article/7)
[^c23694871]: [S. 444AD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23690391]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23642001]: [S. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 13A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2007/2134/regulation/14))
[^c23642011]: [S. 436A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/436A/3): "83ZA" substituted for "83AB" (with effect in accordance with [Sch. 9 para. 17(2)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/12); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635411]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9)
[^c22875571]: [S. 444BA](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) modified (23.12.1996 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)](https://www.legislation.gov.uk/uksi/1996/2991), [regs. 4-12](https://www.legislation.gov.uk/uksi/1996/2991/regulation/4)
[^c22811681]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c22811641]: Words in [s. 444BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/10) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/3)
[^c22811661]: [S. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/4)
[^c23710921]: Words in [s. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (with effect in accordance with [Sch. 9 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/2)
[^c22811781]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c23711001]: Words in [s. 444BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BB/3/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22798721]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22811831]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811791]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811851]: [S. 444BD(2)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/2/a/i) substituted for s. 444BD(2)(a)(i)(ii) (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/7)
[^c22811871]: Words in [s. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/a)
[^c22811891]: [S. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7): definition of "EC company" and preceding word repealed (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/b)
[^c23710381]: Words in [s. 444AF(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 37(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/37/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710401]: Words in [s. 444AF(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 37(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/37/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710421]: [S. 444AK(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/1/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710441]: Words in [s. 444AK(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710461]: Words in [s. 444AK(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21604431]: Source—1970 s.331
[^c21604441]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23711241]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 79](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/79), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23712981]: Words in [s. 460(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3/b) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(5)(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/5/6)
[^c23715871]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) inserted (retrospectively for specified purposes, and otherwise with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/2), [6(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1/3)
[^c23715891]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21604881]: Source—1970 s.332(1). 1974 s.27(1)(a)
[^c21604891]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604901]: Source—1970 s.333(1)
[^c21604911]: Words in [s. 460(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/a); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604921]: [S. 460(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/aa) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/b); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604931]: Source—1970 s.332(2)(aa); 1987 (No.2) Sch.2 2(1)
[^c21604941]: Source—1970 s.332(2)(a); 1984 s.73(2); 1987 s.30(2)
[^c21604951]: [S. 460(2)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ai) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/3)
[^c21604961]: Words in [s. 460(2)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/i) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/4)
[^c21604971]: 1990 s.49(1)(a) Previously £100
[^c21604981]: 1990 s.49(1)(b).
[^c21604991]: Words in [s. 460(2)(c)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ia) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/5)
[^c21605001]: [S. 460(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ca) and word "and" substituted for word "and" by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(6)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/6)
[^c21605011]: Source—1970 s.332(2)(b)
[^c21605021]: Source—1970 s.332(3); 1987 s.30(3)
[^c21605041]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/a)
[^c21605051]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/b)
[^c21605061]: [S. 460(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(8)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/8)
[^c21605071]: Source—1970 s.332(4); 1975 (No.2) s.52(1); 1980 s.57(1)
[^c21605081]: Words in [s. 460(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/5) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605091]: Source—1970 s.332(5); 1975 (No.2) s.52(1); 1984 s.73(3)
[^c21605111]: Source—1970 s.332(6)—(9); 1975 (No.2) s.52(1)
[^c21605181]: 1990 s. 48 and Sch. 9 para. 6 in relation to transfers of business on or after 1 January 1990
[^c21605201]: Source—1970 s.332(10); 1976 s.48(1)
[^c21605211]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22805211]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(5)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/5))
[^c22765081]: [S. 460(2)(c)(zai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/zai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/2)
[^c22765101]: Words in [s. 460(2)(c)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/3)
[^c22765121]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/4)
[^c22765151]: Words in [s. 460(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/5)
[^c22765171]: Words in [s. 460(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/6)
[^c22808971]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/1)
[^c23712991]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20); and that modifying reg. 20 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [18(b)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/b)
[^c22812121]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/2)
[^c22812141]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) inserted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/3)
[^c22812191]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/a)
[^c22812201]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/b)
[^c23715851]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 80](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/80), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23715971]: Words in [s. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23715991]: Word at the end of s. 460(2)(ca) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23716011]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/c), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23715951]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/d), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23715911]: [S. 460(12)-(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/12) substituted for s. 460(12) (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 1(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/4)
[^c23715931]: [S. 460(15)(16)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/15/16) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 1(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/5)
[^c21605651]: Source—1970 s.332(1); 1974 s.27(1)(a)
[^c21605661]: Source—1974 s.27(2)
[^c21605671]: Source—1974 s.27(1)(b)
[^c21605681]: Source—1970 s.332(11), (12)(b); 1976 s.48(1)
[^c21605701]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605711]: Source—1974 s.27(3)—(7); 1985 s.41(10); 1987 Sch.15 6
[^c22808991]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch 25 para. 8(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/2)
[^c22812241]: Words in [s. 461(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/a)
[^c22812281]: Word in [s. 461(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/b)
[^c22812321]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/a)
[^c22886541]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/b)
[^c22812351]: Words in [s. 461(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2110/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/a)
[^c22812381]: Words in [s. 461(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/b)
[^c22812401]: [S. 461(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/5)
[^c22812421]: [S. 461(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/11) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/6)
[^c23717541]: Words in [s. 461(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 81(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/81/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717561]: Words in [s. 461(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 81(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/81/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717601]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 41](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/41), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23717621]: [S. 461(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4A/4B) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/2)
[^c23717641]: Words in [s. 461(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/5) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/3)
[^c23717661]: [S. 461(12)(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/12/13) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/4)
[^c21605881]: Source—1970 s.336; 1985 Sch.10 Part II
[^c21605891]: Words in [s. 462(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9) par. 8(2) [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717861]: [S. 462(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/1/1A) substituted for s. 462(1) (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(2)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/2/6)
[^c23717881]: Words in [s. 462(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(3)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/3/6)
[^c23717901]: Words in [s. 462(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/3) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(4)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/4/6)
[^c21605981]: *See* 1990 s.50(1)—s.463*was renumbered as* s.463(1).
[^c21605991]: *For regulations see* Part III Vol.5 (*under* “*Friendly Societies*”).
[^c21606001]: Source—1970 s.335(1)
[^c21606011]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/10); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606021]: 1990 s.50(2).
[^c22790281]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) inserted (with effect in accordance with [s. 171(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/5)
[^c22811431]: Words in [s. 463(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/i)
[^c21606281]: [S. 464](https://www.legislation.gov.uk/ukpga/1988/1/section/464): power to amend conferred (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 162](https://www.legislation.gov.uk/ukpga/1993/48/section/162), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S. I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606331]: [S. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/2)
[^c21606341]: Words in [s. 464(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/a) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/3)
[^c21606361]: [S. 464(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/4)
[^c21606381]: [1969 c. 19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21606391]: Words in [s. 464(5)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/d/ii) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606401]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/4); [S. I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22765201]: [S. 464(3)(zza)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/zza) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/2)
[^c22765221]: Words in [s. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/3)
[^c22765241]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/4)
[^c22765261]: Words in [s. 464(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/5)
[^c23718001]: [S. 464(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/21) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23718021]: [S. 464(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/1): first sentence substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/2)
[^c23718041]: Words in [s. 464(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/3)
[^c21606351]: 1990 s.49(3), (4) Previously "Kingdom) contracts under which the total premiums payable in any period of 12 months exceed £100 unless all those contracts were entered into before 1st September 1987" and "limit" respectively
[^c23718061]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/4)
[^c23718081]: Words in [s. 464(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/6) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/5)
[^c23718101]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/a)
[^c23718121]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/b)
[^c23718151]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/c)
[^c21606451]: Source—1985 Sch.10 Part III
[^c21606461]: Words in [s. 465(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/3) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c21606471]: [S. 465(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/6) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.12](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12) ; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23718191]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "tax exempt life or endowment business" substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21606641]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606651]: Definition in s. 466(2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606661]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606671]: Definition of “registrar” in s. 466(2) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) APPENDIX
[^c21606681]: Words in [s. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606691]: Source—1970 s.337(4); 1985 s.41(7)(e)
[^c21606701]: Words in [s. 466(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14)(8; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2))
[^c21606711]: [S. 466(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/5) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(9)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22790301]: [S. 466(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted for s. 466(1) (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/1)
[^c22805251]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [17](https://www.legislation.gov.uk/uksi/1998/1871/regulation/17)
[^c22790321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "insurance company" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/a)
[^c22790341]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "long term business" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/b)
[^c23718211]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [15](https://www.legislation.gov.uk/uksi/2004/2680/regulation/15); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811461]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "long term business" substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/j)
[^c23718241]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "pension business" repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/2), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23718221]: [S. 466(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2A/2B) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/3) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/5)) (with Sch. 36)
[^c23718261]: [S. 466(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 83](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/83) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718281]: [S. 466(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23718301]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "gross roll-up business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23718321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "life assurance business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/3/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23718341]: [S. 466(2ZA)(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2ZA/2A/2B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c21605931]: [S. 462A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/9) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717941]: Word in [s. 462A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/8/b) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/5/6)
[^c22812441]: Word in [s. 461A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/2)
[^c22812461]: [S. 461A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/4) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/3)
[^c22809011]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) inserted (6.4.2001) by Finance Act 2001 (s. 9), s. 76, Sch. 25 para. 8(3)
[^c22812481]: Word in [s. 461B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/4/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 35](https://www.legislation.gov.uk/uksi/2001/3629/article/35)
[^c23717701]: Words in [s. 461B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 82(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/82/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717721]: Words in [s. 461B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 82(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/82/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717741]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 42](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/42), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23717761]: [S. 461B(6)-(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/6) substituted for s. 461B(6) (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/2)
[^c23717781]: Words in [s. 461B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/7) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/3)
[^c23717801]: [S. 461B(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/8/9) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/4)
[^c22811521]: Words in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/a)
[^c22811541]: Word in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/b)
[^c22811561]: Words in [s. 461C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/a)
[^c22811581]: Word in [s. 461C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/b)
[^c22811471]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/a)
[^c22811501]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 36(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/b)
[^c22811601]: [S. 461C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/4/5) substituted for s. 461C(4)-(7) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/5)
[^c21607151]: Source—1970 s.338(1)—(3); 1982 s.36(1); 1974 s.28(1)(b); 1987 s.31
[^c21607161]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/a),(6)
[^c21607171]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/b),(6)
[^c21607181]: *See* 1970 s.338*for amounts applicable in earlier years.*
[^c21607191]: 1988(F) s.35*and* Sch.3 para.17*for chargeable period beginning on or after* 6*April* 1990.*Previously* “wife”.
[^c21607211]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(3)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/3/6)
[^c21607221]: [S. 467(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/4)
[^c21607231]: *See* [Employment Protection Act 1975 (c.71)](https://www.legislation.gov.uk/ukpga/1975/71) ss.7, 125(1)*and* Sch.16 Part III para.1—*list now maintained by the Certification Officer.*
[^c21607241]: Source—1974 s.28(1)(a)
[^c21607251]: Words in [s. 467(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a/b) substituted (*retrospectively*) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(5)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/5/a),(7)
[^c21607261]: Words in [s. 467(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(a)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/a)
[^c21607291]: Words in [s. 467(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/b) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(b)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/b)
[^c21607301]: [S. 467(4)(ba)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/ba/bb) substituted (1.7.1992) for s. 467(4)(ba) by [S.I. 1992/808](https://www.legislation.gov.uk/uksi/1992/808), [art. 2](https://www.legislation.gov.uk/uksi/1992/808/article/2); [S.R. 1992/212](https://www.legislation.gov.uk/nisr/1992/212), [art. 2(2)(a)](https://www.legislation.gov.uk/nisr/1992/212/article/2/2/a)
[^c21607311]: Source—1977 s.47
[^c23718681]: Words in [s. 467(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [74](https://www.legislation.gov.uk/uksi/2005/3229/regulation/74)
[^c23718701]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 23](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/23) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23718721]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718741]: Words in [s. 467(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718761]: Words in [s. 467(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21607361]: Source—1970 ss.354, 358; 1980 s.60; 1987 s.38, 40(1); 1987 (No.2) s.40(1)
[^c21607371]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/3/4)
[^c21607391]: *Definition employed for the purposes of* s.46(7)—*insurance companies: annual deemed disposal of holdings of unit trusts etc.*
[^c22753271]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/2)
[^c22753241]: [S. 468(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/2) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/3), [Sch. 25 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/part/5/13), Note
[^c22753291]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/4)
[^c22753311]: Words in [s. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6) inserted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/1)
[^c22753251]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "distribution period" repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/5), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c22753331]: [S. 468(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/7) added (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/2)
[^c22795581]: [S. 468](https://www.legislation.gov.uk/ukpga/1988/1/section/468) modified (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (S.I 1997/1154), regs. 1, 9, 10 (as amended (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 166](https://www.legislation.gov.uk/uksi/2001/3629/article/166))
[^c22790421]: [S. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with Sch. 6 paras. 10(2), 28 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/10/1)
[^c22812931]: Words in [s. 468(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6/8) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/3); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23718901]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c23718921]: [S. 468(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/4) repealed (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 20
[^c23718941]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) substituted (1.4.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [88(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/88/2)
[^c23718961]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/4)
[^c23718981]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23719001]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "unit trust scheme" and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 85(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/85/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23719081]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/5)
[^c23719101]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/86) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21607811]: Source—1977 s.46; 1979(C) Sch.7
[^c21607821]: Words in 473(2)(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607861]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607891]: Words in [s. 473(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22791881]: [S. 473(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/5) repealed (with effect in accordance with s. 164(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c22801601]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22813241]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 67(4)(a) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/a), [Sch. 40 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/8), Note
[^c22813261]: Words in [s. 473(2)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/a/7) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/b)
[^c22813291]: Word in [s. 473(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/b) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/c)
[^c22813311]: [S. 473(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2A/2B) inserted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/2)
[^c22813331]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/8/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/4)
[^c23722001]: Words in [s. 473(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/1/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22765351]: Words in [s. 475(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/a) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/1/b), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22792021]: [S. 475(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/1) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/1)
[^c22792071]: [S. 475(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792041]: Words in [s. 475(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/3/8) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/2)
[^c22792091]: Words in [s. 475(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/4) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22791951]: Words in [s. 475(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/5) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22791971]: [S. 475(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/6/7) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22792001]: Words in [s. 475(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/8) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23721961]: Word in [s. 472A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721981]: Word in [s. 472A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791661]: [S. 469](https://www.legislation.gov.uk/ukpga/1988/1/section/469) extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(1)(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/1/2)
[^c22794141]: Source—1970 s.354A; 1987 s.39; 1987 (No.2) s.40(1)
[^c22794151]: Words in [s. 469(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/a) substituted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/a)
[^c22794161]: [S. 469(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/b) and preceding word repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794201]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 71](https://www.legislation.gov.uk/ukpga/1988/39/section/71)
[^c22794211]: Words in [s. 469(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/5)
[^c22794221]: [S. 469(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6A) inserted (with effect in accordance with s. [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/b)
[^c22801241]: [S. 469(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A/2B) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/3)
[^c23721421]: [S. 469(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721501]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721571]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721591]: [S. 469(2A)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721521]: [S. 469(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/4A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721541]: Words in [s. 469(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721641]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A)(7)-(10) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22803991]: [1982 c.53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c23721321]: Words in [s. 469A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1/c) substituted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/2)
[^c23721341]: [S. 469A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1A) inserted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/3)
[^c23721361]: Words in [s. 469A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/2) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c23721381]: [S. 469A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/3) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c21608301]: [S. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/2)
[^c21608341]: [S. 477A(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/2/3)
[^c21608361]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/3)
[^c21608371]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "qualifying deposit right" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22792121]: [S. 477A(3)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a/aa) substituted for s. 477A(3)(a) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21608331]: *See* 1990 Sch.5 para.16(1), (4), (5)—*for the year* 1991-92,*the words from* “actual” *to the end of the paragraph are replaced by* “appropriate amount”;*and the following subs. is inserted after* subs.(3):— “(3A) In subsection (3)(a) above the reference to the appropriate amount is to the actual amount paid or credited in the accounting period of any such dividends or interest together with—(a) in the case of dividends or interest paid or credited in the year 1990-91, any amount accounted for and paid by the society in respect thereof as representing income tax, and (b) in the case of dividends or interest paid or credited in the year 1991-92, any amount of income tax accounted for and paid by the society in respect thereof.”
[^c22792141]: [S. 477(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/3A) repealed with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22804151]: [S. 477(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/8) repealed (with effect in accordance with s. 38(3)(4) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 4
[^c22807981]: [S. 477A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/2A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/4)
[^c22813351]: Words in [s. 477A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/2)
[^c22813371]: Words in [s. 477A(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/3)
[^c23722331]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2) para,. 5
[^c23722221]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722241]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722281]: [S. 477A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/5/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722261]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "certified SAYE savings arrangement" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722381]: [S. 477A(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722431]: Words in [s. 477A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722451]: Words in [s. 477A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722471]: [S. 477A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722341]: [S. 477A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722491]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definitions of "qualifying certificate of deposit", "qualifying deposit right" and "security" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609341]: Source—1970 s.340, 345; CUA 1979 s.25(2)
[^c21609351]: *See* 1988(F) Sch.8 para.1—*re-basing to* 1982.
[^c22789441]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded (with effect in accordance with s. 131(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1/2/b)
[^c21609361]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609371]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792221]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792241]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792261]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 117A(7)(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117A/7/8/b), [117B(5)(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117B/5/6/b) (as inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/62) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c22802471]: Words in [s. 486(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/10) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22813041]: Words in [s. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12) substituted (27.3.2002) by [The Ministry of Agriculture, Fisheries and Food (Dissolution) Order 2002 (S.I. 2002/794)](https://www.legislation.gov.uk/uksi/2002/794), [art. 1(2)](https://www.legislation.gov.uk/uksi/2002/794/article/1/2), [Sch. 1 para. 31](https://www.legislation.gov.uk/uksi/2002/794/schedule/1/paragraph/31)
[^c23723951]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723971]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723991]: Words in [s. 486(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724011]: [S. 486(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724051]: [S. 486(2)(3)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/2/3/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 90(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/90/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724031]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 90(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/90/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609381]: Source—1970 s.340A; CUA 1979 s.25(1)
[^c21609391]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609401]: [S.I. 1985/1205](https://www.legislation.gov.uk/uksi/1985/1205) (N.I. 12.).
[^c22792281]: [S. 487(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/1/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792301]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792321]: Word in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792341]: [S. 487(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22808631]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/40)
[^c23724211]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23724231]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 22
[^c23724251]: Words in [s. 487(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/91) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609491]: Source—1970 s.341; 1972 Sch.11 6
[^c21609511]: *See reference to approved housing associations in* 1988(F) s.43(3)*and* 44.
[^c21609521]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609531]: [1969 c.24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c21609541]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609551]: Words in [s. 488(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6) substituted (15.9.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1992/1725/article/1/2), [107](https://www.legislation.gov.uk/nisi/1992/1725/article/107), [Sch. 8 para. 5](https://www.legislation.gov.uk/nisi/1992/1725/schedule/8/paragraph/5)
[^c21609561]: [S.I. 1979/1573](https://www.legislation.gov.uk/uksi/1979/1573) (N.I.12.).
[^c22792821]: [S. 488(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/2)
[^c22792831]: Words in [s. 488(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/10) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/3)
[^c22792851]: [S. 488(11)(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11/11A) substituted for s. 488(11) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/4)
[^c22793891]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/2); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22805841]: [S. 488](https://www.legislation.gov.uk/ukpga/1988/1/section/488): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c22801651]: [S. 488(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/3) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22802521]: Words in [s. 488(11A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/uksi/1998/3173/section/117/4/5) of the amending Act) by Finance Act 1998 (c, 36), Sch. 19 para. 48(2)(a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802541]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/48/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22803931]: [S. 488(7A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 56](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/56), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22804761]: Words in [s. 488(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/b) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/a)
[^c22804171]: [S. 488(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/c) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804201]: [S. 488(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/2/b) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804221]: Words in [s. 488(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/4) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by Finance Act 1999 (c, 16), Sch. 4 para. 15(4), Sch. 20 Pt. 3(7), Note 2
[^c22804781]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/5)
[^c22804241]: [S. 488(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/12) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c23724271]: Words in [s. 488(6)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6/iii) substituted (29.7.2004) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 2004 (S.I. 2004/2030)](https://www.legislation.gov.uk/uksi/2004/2030), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2004/2030/article/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2030/article/5)
[^c23724291]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c21609571]: See 1976(D)—*exemption of certain housing associations from development land tax.* 1976(D)*repealed from* 19*March* 1985.
[^c21609581]: Source—1970 s.341A
[^c21609591]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609601]: *See reference to approved self-build societies in* 1988(F) s.43(3)*and* s.44.
[^c21609611]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609621]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21609631]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609641]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792891]: [S. 489(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/2)
[^c22792901]: Words in [s. 489(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/3)
[^c22792921]: [S. 489(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9/9A) substituted for s. 489(9) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/4)
[^c22793871]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/3); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22802631]: Words in [s. 489(9A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802611]: Word in [s. 489(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22805861]: [S. 489](https://www.legislation.gov.uk/ukpga/1988/1/section/489): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c23724301]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c22803961]: [S. 489(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 57](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/57), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c21609651]: [S. 490](https://www.legislation.gov.uk/ukpga/1988/1/section/490) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21609661]: Source—1970 s.346
[^c22794281]: Words in [s. 490(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/2) repealed (with effect in accordance with Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22800441]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800481]: Words in [s. 490(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/4) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800501]: [S. 490(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/5) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801671]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 3 para. 28(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 28(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/28/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21609671]: Source—1970 s.347
[^c21609681]: *See* 1988(F) Sch.14 Part V—*repeal of* (b)*from* 6*April* 1993.
[^c22802651]: Words in [s. 491(3)(4)(5)(6)(8)(b)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/4/5/6/8/b/11) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23724371]: Words in [s. 491(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724391]: Words in [s. 491(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724411]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724451]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724491]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724511]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724531]: Words in [s. 491(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724551]: [S. 491(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724571]: Words in [s. 491(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/10/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21608401]: Words in [s. 477B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(28)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/28) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22813391]: [S. 477B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 48](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/48)
[^c21609721]: [S. 492(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1/a/b) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 198(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/198/5/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609741]: Words in [s. 492(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17)
[^c22808671]: Words in [s. 492(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/1)
[^c22808691]: Words in [s. 492(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/2)
[^c22808711]: Words in [s. 492(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/3)
[^c23726061]: Words in [s. 492(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726181]: [S. 492(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/92/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23726161]: [S. 492(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/92/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22802721]: [S. 493(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/6) inserted (with effect in accordance with [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3)
[^c23726241]: Words in [s. 493(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 191](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/191) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726281]: [S. 493(A1)-(A3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/A1) inserted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/2)
[^c23726341]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/a)
[^c23726301]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/b)
[^c23726261]: [S. 493(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1A) inserted (with effect in accordance with [s. 151(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 151(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/1)
[^c23726361]: Words in [s. 493(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/4)
[^c23726381]: Words in [s. 493(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/3) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/5)
[^c23726401]: Words in [s. 493(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/4/b) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/6)
[^c23726321]: [S. 493(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/5) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/7)
[^c22792941]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792961]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792981]: [S. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793021]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) substituted for s. 494(4) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch 14 para. 32(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22801691]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22813411]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813431]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) renumbered as s. 494(2)(c)(i) (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813451]: [S. 494(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c/ii) and words inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/c) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813521]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/5) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813541]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813561]: [S. 494(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2ZA) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/7) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813581]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813601]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813621]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813641]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813661]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813681]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/9) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c23726731]: Word at the end of s. 494(2)(b) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/a)
[^c23726751]: [S. 494(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/d) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726771]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/c), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726791]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/3), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726831]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23726851]: [S. 494(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21609771]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39)
[^c22808851]: Words in [s. 495(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/1)
[^c22808871]: Words in [s. 495(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/2)
[^c22808891]: Words in [s. 495(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/3)
[^c23727621]: Words in [s. 495(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609801]: [1983 c. 56](https://www.legislation.gov.uk/ukpga/1983/56).
[^c23728561]: Words in [s. 496(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/a) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/2)
[^c23728581]: Words in [s. 496(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/2) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/3)
[^c23728601]: Words in [s. 496(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/a)
[^c23728621]: Words in [s. 496(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3/b) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/b)
[^c23728661]: Words in [s. 496(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 193](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/193) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891131]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(a)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/a)
[^c22891151]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) substituted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(b)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/b)
[^c22891171]: [S. 500(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/5) substituted for s. 500(5) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/2)
[^c22891211]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): definition of "ring fence trade" added by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/3)
[^c21609931]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c21609941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28)
[^c21609951]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" repealed (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 55(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/a/2), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21609961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 55(1)(b)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/b/2)
[^c21609971]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence profits" substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609981]: [S. 502(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1A) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [300(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/300/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609991]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22805961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil" substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/25), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/161/article/2/1)
[^c22808081]: [S. 502(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/3A) substituted for words in s. 502(3) (with effect in accordance with [Sch. 27 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/9)
[^c23728921]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23728941]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23727051]: [S. 494A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/2/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23727081]: [S. 494A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/3/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22804821]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22813711]: Words in [s. 494AA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22813741]: [S. 494AA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/b) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23727121]: Word at the end of s. 494AA(2)(a) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/2)
[^c23727141]: [S. 494AA(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/c) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/3)
[^c23727161]: [S. 494AA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/6): definition of "long funding operating lease" inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/4)
[^c22813771]: Words in [s. 501A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/a) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/2) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813791]: [S. 501A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/b) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813811]: [S. 501A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/c) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/8) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23728721]: [S. 501A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/10/b) substituted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 23](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/23)
[^c23728781]: Words in [s. 501A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/1) substituted (with effect in accordance with [s. 152(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 152(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/1)
[^c23728741]: [S. 501A(5)(dd)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/dd) substituted for word at the end of s. 501A(5)(d) (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/2)
[^c23728761]: [S. 501A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/11) inserted (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/3)
[^c22808911]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 249(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/249/2) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22813931]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 32(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/32/4)
[^c23729751]: Words in [s. 503(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729871]: Words in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729771]: Word in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729791]: Words in [s. 503(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729891]: [S. 503(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729811]: Words in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729831]: Word in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610111]: [S. 504](https://www.legislation.gov.uk/ukpga/1988/1/section/504) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 241(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/241/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610121]: Source—1984 s.50(2)-(9)
[^c22793081]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/2)
[^c22793111]: [S. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/3)
[^c23730081]: [S. 504(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730101]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729961]: Word in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730121]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729981]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730001]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730021]: Words in [s. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730171]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730191]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730221]: Words in [s. 504(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730041]: Words in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730061]: Word in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22754471]: [S. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 171](https://www.legislation.gov.uk/ukpga/1994/9/section/171)
[^c21610191]: Source—1970 s.360(1)
[^c21610201]: *Repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21610221]: Source—1986 s.30(1)
[^c22789231]: [S. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (with effect in accordance with [s. 138(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 138(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/1)
[^c22789271]: [1976 c. 32](https://www.legislation.gov.uk/ukpga/1976/32).
[^c22789281]: [S.I. 1985/1204 (N.I.11)](https://www.legislation.gov.uk/nisi/1985/1204).
[^c22793141]: [S. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) substituted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/2)
[^c22793191]: [S. 505(1)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/i) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/1), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793161]: [S. 505(1)(c)(ii)-(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) substituted for s. 505(1)(c)(ii) (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/3)
[^c22793231]: [S. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793271]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/4)
[^c22793281]: [S. 505(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para 19(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22813951]: [S. 505(1)(c)(iic)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iic) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/3)
[^c23730441]: Words in [s. 505(1)(c)(iia)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iia) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730281]: [S. 505(1)(c)(iiaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730301]: Words in [s. 505(1)(c)(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iib) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730401]: [S. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730421]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730481]: [S. 505(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B) inserted (with effect in accordance with [s. 56(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/1)
[^c23730461]: [S. 505(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/3) substituted for s. 505(3)-(8) (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/1)
[^c23730881]: Words in [s. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730901]: Words in [s. 505(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730921]: [S. 505(1)(c)(iiaa)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa/iii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730501]: Words in [s. 505(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730951]: Words in [s. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730971]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(d)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/d/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730521]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/d/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730991]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730571]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730591]: Words in [s. 505(1)(f)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f/ii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730611]: Words in [s. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730631]: Words in [s. 505(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730651]: Words in [s. 505(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730671]: Words in [s. 505(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731011]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730691]: Words in [s. 505(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730711]: Words in [s. 505(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730731]: Words in [s. 505(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730751]: Words in [s. 505(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730771]: Words in [s. 505(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730801]: Words in [s. 505(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730821]: Words in [s. 505(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731031]: [S. 505(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/aa) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/52/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 17 para. 17](https://www.legislation.gov.uk/ukpga/2007/11/schedule/17/paragraph/17)
[^c21610281]: *Definition employed for purposes of*:1990 s.25—*donation to charity by individuals.*1990 s.56*and* Sch.10 para.21—*exemption for convertible securities held by charities.*1990 s.94(1)—*inspection powers* (*definition extended to cover bodies mentioned in* sections 507*and* 508).
[^c21610291]: Source—1970 s.360(3); 1986 s.31(1)(a), (c), Sch.7 1(1)
[^c21610301]: Source—1986 Sch.7 1(2), (3)
[^c21610311]: Source—1986 s.31(4)-(6)
[^c23731331]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable expenditure" substituted for definitions of "qualifying expenditure" and "non-qualifying expenditure" (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/a)
[^c23731431]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/b), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731351]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/c)
[^c23731371]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/d)
[^c23731391]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/e)
[^c23731451]: [S. 506(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/6) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/f), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731471]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable company" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731491]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731521]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731541]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731561]: Word in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731581]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731611]: Word in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731631]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610431]: *See*1989 s.59—*these bodies treated as established for charitable purposes for purposes of* s.59 (*covenanted subscriptions*).1990 s.25—*donations to charity by individuals.*
[^c21610441]: Source—1980 s.118(1); 1983 s.46(1)
[^c21610451]: 1989 s.60(1)*in relation to accounting periods ending on or after* 14*March* 1989.
[^c21610461]: Words in [s. 507(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/d) substituted (1.9.1992) by [Museums and Galleries Act 1992 (c. 44)](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 para. 1(8)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/paragraph/1/8); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art. 2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c21610471]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) inserted (1.11.1992) by [S.I. 1992/2383](https://www.legislation.gov.uk/uksi/1992/2383), [reg. 2(2)](https://www.legislation.gov.uk/uksi/1992/2383/regulation/2/2), [Sch. para.11](https://www.legislation.gov.uk/uksi/1992/2383/schedule/paragraph/11)
[^c21610491]: *Repealed by* 1989 ss.60(1)*and* 187*and* Sch.17 Part IV*in relation to accounting periods ending on or after* 14*March* 1989.
[^c22802761]: [S. 507(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/f) inserted (2.7.1998) by [National Lottery Act 1998 (c. 22)](https://www.legislation.gov.uk/ukpga/1998/22), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1998/22/section/24/1), [27(4)(b)](https://www.legislation.gov.uk/ukpga/1998/22/section/27/4/b)
[^c22804261]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) omitted (19.4.1999) by virtue of The United Kingdom Ecolabelling Board (Abolition) Regulations 1999 (S.I 1999/931), regs. 1, 9
[^c23732291]: Words in [s. 507(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 99](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/99) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610501]: Source—1970 s.362
[^c23732311]: [S. 508(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1/a) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/2)
[^c23732331]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/3)
[^c23732351]: [S. 508(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1A/1B) inserted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/4)
[^c23732371]: [S. 508(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/3/4) substituted for s. 508(3) (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/5)
[^c23732391]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/100) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610511]: [S. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) extended (with modifications) (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 23](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/23)
[^c21610521]: Source—1970 s.348; 1971 s.28(1)
[^c22802781]: Words in [s. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21610531]: Source—1970 s.361
[^c21610551]: Source—O.J. No. L199/1.
[^c22789291]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22789311]: [S. 510A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/7/8) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22813991]: Words in [s. 510A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/3)
[^c22814011]: [S. 510A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/4)
[^c23732411]: Words in [s. 510A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732451]: [S. 510A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732431]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610681]: *See* ss.89*and* 90*and* Sch.11 Electricity Act 1989*in connection with electricity industry privatisation; and see* s.112*and* Sch.18 Electricity Act 1989*for changes to* s.511*from a day to be appointed.*
[^c21610691]: Source—1970 s.350(3)
[^c21610701]: [1948 c. 67](https://www.legislation.gov.uk/ukpga/1948/67).
[^c21610771]: Source—1973 s.36(1)
[^c21610781]: [1980 c.60](https://www.legislation.gov.uk/ukpga/1980/60).
[^c21610791]: [1980 c.34](https://www.legislation.gov.uk/ukpga/1980/34).
[^c21610801]: Source—1980 s.119(1)-(3)
[^c21610811]: Words in [s. 513(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/513/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(32)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/32) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610871]: Source—1970 s.371
[^c21610881]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c23732591]: Word in [s. 517](https://www.legislation.gov.uk/ukpga/1988/1/section/517) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 104](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/104) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610931]: Source—1970 s.352(1)-(6); 1971 Sch.8 16; 1986 s.56(7)(a), Sch.13 2(5)(a)
[^c21610941]: Words in [s. 518(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/1)
[^c21610951]: [S. 518(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/6) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21610961]: Source—1970 s.352(8), (9)
[^c21610971]: Source—1970 s.352(11)
[^c21610981]: [1964 c. 40](https://www.legislation.gov.uk/ukpga/1964/40).
[^c22808931]: Words in [s. 518(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/43)
[^c22807771]: [S. 519](https://www.legislation.gov.uk/ukpga/1988/1/section/519) extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1/2/a), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2) (with [s. 157(4)](https://www.legislation.gov.uk/ukpga/1999/29/section/157/4)); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c21611001]: Definition applied for purposes of—1979(C) s.149B(3)—*miscellaneous exemptions.*1988 s.832(1)—*interpretation of Tax Acts.*
[^c21611021]: Subs.(4)*repealed by* 1990 s.127*and* Sch.18 para.5(2)*and* 132*and* Sch.19 Part IV*on and after* 1*April* 1990.
[^c23732631]: [S. 519(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/519/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/105) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611051]: Word in [s. 519A(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/g) repealed by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c21611061]: [S. 519A(2)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/i) (j) (k) added by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c22789341]: [S. 519A(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a/aa) substituted for s. 519A(2)(a) (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(a)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22789361]: [S. 519A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/c) repealed (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(b)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/1995/17/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22809081]: [S. 519A(2)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/ab) inserted (1.4.2000 for E.W. and 11.5.2001 otherwise) by [Health Act 1999 (c. 8)](https://www.legislation.gov.uk/ukpga/1999/8), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1999/8/section/67/1), [Sch. 4 para. 73](https://www.legislation.gov.uk/ukpga/1999/8/schedule/4/paragraph/73); [S.I. 1999/2342](https://www.legislation.gov.uk/uksi/1999/2342), [art. 2(4)(b)(i)](https://www.legislation.gov.uk/uksi/1999/2342/article/2/4/b/i); [S.I. 2001/1985](https://www.legislation.gov.uk/uksi/2001/1985), [art. 2(4)](https://www.legislation.gov.uk/uksi/2001/1985/article/2/4)
[^c22892951]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.10.2002) by [The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002 (S.I. 2002/2469)](https://www.legislation.gov.uk/uksi/2002/2469), [reg. 1](https://www.legislation.gov.uk/uksi/2002/2469/regulation/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/2002/2469/schedule/1/paragraph/14)
[^c22814041]: [S. 519A(2)(aba)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aba) inserted (10.10.2002 for W., otherwise prosp.) by [National Health Service Reform and Health Care Professions Act 2002 (c. 17)](https://www.legislation.gov.uk/ukpga/2002/17), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2002/17/section/42/3), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/2002/17/schedule/5/paragraph/27); [S.I. 2005/2352](https://www.legislation.gov.uk/uksi/2005/2352), [art. 2](https://www.legislation.gov.uk/uksi/2005/2352/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/2352/schedule)
[^c23732651]: [S. 519A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/bb) inserted (1.4.2004) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 33(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/33/1), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1); [S.I. 2004/759](https://www.legislation.gov.uk/uksi/2004/759), [art. 2](https://www.legislation.gov.uk/uksi/2004/759/article/2)
[^c23732671]: [S. 519A(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 148](https://www.legislation.gov.uk/ukpga/2004/12/section/148)
[^c23732691]: [S. 519A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/h) repealed (1.4.2005) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 190(2)](https://www.legislation.gov.uk/ukpga/2003/43/section/190/2), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2003/43/schedule/13/paragraph/5), [Sch. 14 Pt. 7](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/7); [S.I. 2005/457](https://www.legislation.gov.uk/uksi/2005/457), [art. 2(1)(a)(b)](https://www.legislation.gov.uk/uksi/2005/457/article/2/1/a/b)
[^c23732731]: [S. 519A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/e) repealed (S.) (27.9.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Modification of Enactments) Order 2005 (S.S.I. 2005/465)](https://www.legislation.gov.uk/ssi/2005/465), [art. 1](https://www.legislation.gov.uk/ssi/2005/465/article/1), [Sch. 2](https://www.legislation.gov.uk/ssi/2005/465/schedule/2); and s. 519A(2)(e) repealed (E.W.N.I.) (5.10.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Consequential Provisions) Order 2005 (S.I. 2005/2078)](https://www.legislation.gov.uk/uksi/2005/2078), [art. 1(1)](https://www.legislation.gov.uk/uksi/2005/2078/article/1/1), [Sch. 3](https://www.legislation.gov.uk/uksi/2005/2078/schedule/3)
[^c23732751]: [S. 519A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/f) repealed (1.4.2006) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [s. 199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/4); [S.I. 2005/2925](https://www.legislation.gov.uk/uksi/2005/2925), [art. 11](https://www.legislation.gov.uk/uksi/2005/2925/article/11)
[^c23732771]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(a)(i)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/a/i)
[^c23732851]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) omitted (1.3.2007) by virtue of [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/a/ii)
[^c23732791]: Words in [s. 519A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aa) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(b)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/b)
[^c23732811]: Words in [s. 519A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/b) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(c)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/c)
[^c23732831]: Words in [s. 519A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/8) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 101](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/101)
[^c23732871]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) omitted (1.4.2007) by virtue of The References to [Health Authorities Order 2007 (S.I. 2007/961)](https://www.legislation.gov.uk/uksi/2007/961), [art. 1(1)](https://www.legislation.gov.uk/uksi/2007/961/article/1/1), [Sch. para. 19](https://www.legislation.gov.uk/uksi/2007/961/schedule/paragraph/19)
[^c23732891]: [S. 519A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 106(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/106/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732911]: Words in [s. 519A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 106(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/106/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731651]: Words in [s. 506A](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731831]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731861]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731891]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731931]: Words in [s. 506B(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/1)(7)(9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732021]: Words in [s. 506B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732041]: Words in [s. 506B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732061]: Words in [s. 506B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732191]: [S. 506C(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/1/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732211]: Word at the end of s. 506C(1)(h) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732151]: Word at the end of s. 506C(1)(i) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732171]: [S. 506C(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/1/j) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732081]: Words in [s. 506C(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/2/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732111]: Words in [s. 506C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732131]: Words in [s. 506C(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23729261]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/2)
[^c23729281]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/5)
[^c23729271]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/8)
[^c23729291]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/7)
[^c23729481]: [S. 502H](https://www.legislation.gov.uk/ukpga/1988/1/section/502H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 20A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2007/2134/regulation/19)); and that modifying reg. 20A is omitted (12.8.2008 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2008/1937/regulation/9)
[^c23729381]: Words in [s. 502H(2)(a)(ii)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/2/a/ii/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 44](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/44) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23729411]: [S. 502H(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/2/b) and preceding word repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/4/4/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23729441]: [S. 502H(8)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/8) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/4/4/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21611181]: Source - 1970 s.380(1)
[^c21611191]: Source - 1970 s.380(2)
[^c21611221]: Source - 1970 s.380(4)
[^c21611231]: Source - 1970 s.380(5)
[^c22776211]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/a)
[^c22776231]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/b)
[^c22776251]: [S. 524(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/3)
[^c23733541]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733581]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733601]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733631]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733651]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733681]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733851]: [S. 524(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733871]: Words in [s. 524(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733701]: Words in [s. 524(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733721]: Words in [s. 524(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733891]: [S. 524(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733741]: [S. 524(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733911]: Words in [s. 524(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733761]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733781]: Words in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733811]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733831]: Word in [s. 524(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733951]: [S. 524(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/b/c) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/107/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733931]: [S. 524(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/9/9A) substituted for s. 524(9) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611251]: Source - 1970 s.381(2)
[^c22771321]: [S. 525(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/5) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 4 of the repealing Act) by Finance Act [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c22781431]: Words in [s. 525(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/45)
[^c23733991]: [S. 525(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734051]: [S. 525(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734011]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734071]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734031]: Word in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734091]: [S. 525(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611291]: Source - 1970 s.382
[^c22795671]: Word in [s. 526(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23734141]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734161]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734181]: Words in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734201]: Word in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734221]: [S. 526(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611321]: Source-1970 s.385; 1985 s.64(2)(d)-(f)
[^c22781201]: [S. 528(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/1/4) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(1)(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/1/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781451]: Words in [s. 528(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/2)
[^c22781481]: [S. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/3)
[^c23734301]: [S. 528(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734321]: Words in [s. 528(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734341]: Words in [s. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611411]: Source-1970 s.386(2); 1985 s.65(3)(a)
[^c22795691]: [S. 531(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2/7) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/19/2)
[^c21611431]: Source-1970 s.386(4); 1985 s.65(3)(b)
[^c21611441]: Source-1970 s.386(4)-(6)
[^c21611451]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781501]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/1)
[^c22781271]: Words in [s. 531(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781521]: Words in [s. 531(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/3)
[^c22781291]: Words in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734371]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734391]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734421]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734451]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734471]: [S. 531(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734491]: Words in [s. 531(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734511]: [S. 531(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734531]: Word in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734571]: Words in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734551]: Words in [s. 531(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734601]: Word in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734621]: Words in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734661]: [S. 531(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734641]: Word in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781551]: [S. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/49)
[^c23734681]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 208](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/208) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734701]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/109) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611551]: Source-1970 s.388; 1985 s.64(2)(g)
[^c22771361]: Words in [s. 533(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/4) inserted (with retrospective effect) by Finance Act 1988, Sch. 13 Pt. 1 paras. 5, 1
[^c21611571]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781591]: Words in [ss. 533(1)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/1)
[^c22781331]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 4)](https://www.legislation.gov.uk/ukpga/2001/4), [Sch. 2 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2001/4/schedule/2/paragraph/50/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/4/schedule/4)
[^c22781651]: Words in [s. 533(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/3)
[^c23734721]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734741]: [S. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1): definition of "income from patents" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734761]: Words in [s. 533(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774361]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) repealed (with effect in accordance with Sch. 17 Pt. 5 Note 6 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5)
[^c21611751]: [S. 539(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/9) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/2)
[^c21611761]: Source-1970 s.393(1); 1971 Sch.6 41; 1972 Sch.24 23
[^c21611781]: Source-1970 s.393(2)(a), (c); 1971 Sch.3 11
[^c21611801]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21611811]: Source-1970 s.393(3); 1985 s.41(8) 56, Sch. 9 para. 15
[^c21611821]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "friendly society" inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.15](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/15); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21611831]: Source-1975 Sch.2 15
[^c21611841]: Source-1970 s.393(4), (5)
[^c22776391]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): word in definition of "capital redemption policy" substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/4)
[^c22781951]: [S. 539(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/2)
[^c23745031]: [S. 539(2)(e)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/e/f) and preceding word added (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/2)
[^c23745111]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745051]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "credit union" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745071]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "excepted group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745091]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745131]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "non-charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745171]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745191]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "life annuity" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745211]: [S. 539(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745231]: [S. 539(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/b) substituted for s. 539(2)(b)-(d) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 25](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/25) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23745251]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): words in definition of "capital redemption policy" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 45](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/45) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21611861]: Source-1970 s.394(1), (2); 1975 Sch.2 9(1), (2)
[^c21611881]: Source-1970 s.394(4); 1983 s.18(1) 1975 Sch.2 10
[^c21611891]: Source-1970 s.394(5), (6); 1975 Sch.2 10
[^c22774401]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/2)
[^c22774421]: [S. 540(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/5A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/3)
[^c21611921]: Source-1982 s.34
[^c22781971]: Words in [s. 540(1)(a)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/a/v) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/2)
[^c22781991]: Words in [s. 540(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/b/ii) inserted (with effect in accordance with s, 83(2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/3)
[^c23745291]: [S. 540(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/2) repealed (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/14/1), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 2 (with Sch. 34 para. 15)
[^c23745311]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [75](https://www.legislation.gov.uk/uksi/2005/3229/regulation/75)
[^c22778611]: [S. 541](https://www.legislation.gov.uk/ukpga/1988/1/section/541) extended (retrospectively and with effect in accordance with s. 79(7)(8) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3/b)
[^c21611931]: Source-1970 s.395(1); 1975 Sch.2 11(1)
[^c21611941]: Source-1970 s.395 (2), (3)
[^c21611961]: [S. 541(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/2)
[^c21611971]: Source-1970 s.395(4); 1982 s.34; 1975 Sch.2 10
[^c21611981]: [S. 541(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/5/c) and word inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/3)
[^c21611991]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782011]: Words in [s. 541(1)(a)(ii)(b)(ii)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/a/ii/b/ii/c/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/2)
[^c22782051]: Words in [s. 541(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/3)
[^c22781811]: [S. 541(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4) repealed (with effect in accordance with s. 83(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/4), [Sch. 33 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/9), Note
[^c22782851]: Words in [s. 541(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/c) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/3)
[^c22782871]: [S. 541(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/3A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/4)
[^c21612001]: Source-1970 s.396(1); 396(1); 1975 Sch.2 9(3), 12
[^c21612011]: Source-1970 s.396(2), (3); 1983 s.18(2); 1975 Sch.2 12
[^c22782071]: Words in [s. 542(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/2)
[^c22782091]: Words in [s. 542(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/3)
[^c21612021]: Source-1970 s.397; 1975 Sch.2 13
[^c22782111]: Words in [s. 543(1)(a)(ii)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/ii/b/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/2)
[^c22782141]: Words in [s. 543(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/3)
[^c22782891]: Words in [s. 543(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/b) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/6)
[^c22782911]: [S. 543(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/2A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/7)
[^c23745331]: Words in [s. 543(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 212](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/212) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612031]: Source-1983 Sch.4 1
[^c21612041]: Source-1983 s.18(3), Sch.4 2(1)
[^c21612051]: Source-1983 Sch.4 2(2)
[^c21612061]: Source-1983 Sch.4 2(3)
[^c21612071]: Source-1983 Sch.4 2(4)
[^c23745351]: Words in [s. 544(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/213) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745371]: Words in [s. 544(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [76](https://www.legislation.gov.uk/uksi/2005/3229/regulation/76)
[^c21612081]: Source-1970 s.398; 1975 Sch.2 14, 9(4)
[^c22782161]: Words in [s. 545(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 7](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/7)
[^c23745411]: [S. 545(1)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/a/i) substituted for words in s. 545(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612091]: Source-1975 Sch.2 9(5), (8)
[^c21612101]: Source-1975 Sch.2 9(6), (7)
[^c21612111]: Source-1975 Sch.2 9(9)
[^c21612121]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782181]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) renumbered as s. 546(1)(a)(i) (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 8(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/a)
[^c22782201]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/b)
[^c22782221]: [S. 546(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a/ii) and preceding word inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/c)
[^c22782241]: [S. 546(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/6) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/3)
[^c21612171]: [S. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/8) of the amending Act) by Finance Act 1989 (c. 26 ), Sch. 9 para. 5(3)
[^c21612221]: [S. 547(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/8) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/5/3)
[^c21612361]: Source-1970 s.399(1); 1972 Sch.24 24
[^c21612441]: [S. 547(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/1)
[^c21612491]: [S. 547(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/3)
[^c22775871]: [S. 547](https://www.legislation.gov.uk/ukpga/1988/1/section/547): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22775061]: [S. 547(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/1)
[^c22775101]: [S. 547(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/2/b)
[^c22778951]: [S. 547(1)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/d/e) inserted (with effect in accordance with [Sch. 14 para. 7(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/1/2/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/3)
[^c22778741]: [S. 547(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/3) repealed (with effect in accordance with Sch. 14 para. 7(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/4), [Sch. 27 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/19), Note
[^c22779011]: [S. 547(5AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5AA) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/7)
[^c22779031]: [S. 547(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/8)
[^c22779091]: [S. 547(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/14) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/10)
[^c22782301]: Words in [s. 547(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/2)
[^c22782321]: [S. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/3)
[^c22782341]: [S. 547(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/4)
[^c23745551]: Word in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/3)
[^c23745571]: [S. 547(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/4)
[^c23745651]: [S. 547(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/8)
[^c23745751]: [S. 547(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/11)
[^c23745891]: [S. 547(1)(a)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/a/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745831]: Words in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745851]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745871]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745951]: [S. 547(4A)-(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A)(9)-(14) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612501]: Source-1975 Sch.2 16; 1976 s.35
[^c22774461]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/b)
[^c22774481]: Words in [s. 548(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/c)
[^c22774501]: [S. 548(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/3)
[^c22780711]: [S. 548(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3/a) substituted (with effect in accordance with [Sch. 4 para. 18(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/16)
[^c23746361]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 9(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/9/3)
[^c23746381]: [S. 548(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/218) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747201]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747241]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747261]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747281]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747301]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747381]: Words in [s. 552(5)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f/i) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612761]: Source-1984 Sch.15 Part III; 1984 s.76(5); 1985 s.51
[^c22775181]: [S. 553](https://www.legislation.gov.uk/ukpga/1988/1/section/553): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22797631]: Words in [s. 553(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(8)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/8/a) (with saving)
[^c22774921]: [S. 553(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/2)
[^c22775161]: [S. 553(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/3)
[^c22776431]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/5)
[^c22779501]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/2)
[^c22779521]: [S. 553(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/5A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/3)
[^c22779541]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): definition of "foreign institution" inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/4)
[^c22782561]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/2) of the amending Act) by Finance Act 2001, (c. 9), Sch. 28 para. 17(2)
[^c22782601]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/17/4)
[^c23748361]: [S. 553(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748401]: [S. 553(6)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748381]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): words in definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782401]: [S. 547A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/2) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 12](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/12)
[^c23746121]: Word in [s. 547A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/2)
[^c23746141]: Word in [s. 547A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/3)
[^c23746161]: [S. 547A(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/4)
[^c23746181]: Words in [s. 547A(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/5)
[^c23746201]: [S. 547A(3)(d)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d/ia) substituted for word at the end of s. 547A(3)(d)(i) (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/6)
[^c23746221]: Word in [s. 547A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/6) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/7)
[^c23746241]: Word in [s. 547A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/a)
[^c23746261]: Word in [s. 547A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/b)
[^c23746281]: [S. 547A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746321]: [S. 547A(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/15): definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746301]: [S. 547A(16)(17)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/16/17) substituted for s. 547A(16) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782481]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/16)
[^c23746501]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 11](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/11)
[^c23748471]: [S. 553A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748491]: [S. 553A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/4): words in definition of "new non-resident policy" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748511]: [S. 553B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553B/2): words in definition of "overseas policy" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 46(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/46/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23748531]: Words in [s. 553B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553B/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 46(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/46/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23748551]: Words in [s. 553C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748571]: Words in [s. 553C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748601]: Words in [s. 553C(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748621]: Words in [s. 553C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748661]: Word at the end of s. 553C(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748641]: Word in [s. 553C(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748701]: [S. 553C(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/d) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748681]: [S. 553C(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782931]: Words in [s. 546B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(9)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/9)
[^c22782951]: [S. 546B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1A) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(10)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/10)
[^c23745431]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745451]: Word in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745491]: [S. 546C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/a) and word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745471]: Words in [s. 546C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745511]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/e), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745271]: [S. 539A(8)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/539A/8/ii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 111](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/111) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612901]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612911]: Source-1986 Sch.11 6(4) 7(6)
[^c21612921]: Source-1986 Sch.11 6(2), 7(5)
[^c23749111]: [S. 556(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749071]: [S. 556(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749131]: [S. 556(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749091]: Words in [s. 556(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749151]: [S. 556(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/4A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 114(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/114/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23749171]: Words in [s. 556(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 114(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/114/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612971]: Source-1986 Sch.11 10, 11(2)
[^c21612981]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612991]: Source-1986 Sch.11 11(1), (3)
[^c23749581]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749661]: Words in [s. 570(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749701]: Words in [s. 571(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614411]: Source-1970 s.411(1)-(8); 1985 s.43; 1971 s.50(8)
[^c22774241]: [S. 577(2)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/2/4/6) repealed (with effect in accordance with s. 72(1) of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4)
[^c21614461]: Source-1980 s.54, 118(3); 1983 s.46(3)(b)
[^c21614471]: Source-1970 s.411(9)
[^c22780041]: Words in [s. 577(1)(a)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/9) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778801]: Words in [s. 577(1)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/9) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22781671]: Word at the end of s. 577(1)(a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/a)
[^c22781381]: Words in [s. 577(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/a) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781411]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/3), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22782731]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/2/b)
[^c22782751]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) inserted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/3)
[^c23754921]: [S. 577(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781351]: [S. 577(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/c) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23754941]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23754991]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) re-numbered as s. 577(1)(a)(i) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(a)
[^c23754961]: [S. 577(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/ii) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(b)
[^c23755011]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755031]: Words in [s. 577(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755051]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755071]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755101]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755121]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755141]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755161]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755181]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755201]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755221]: Words in [s. 577(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755241]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755261]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755281]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755311]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755341]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755421]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755361]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755381]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755401]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614491]: Source-1970 s.376
[^c23755531]: Words in [s. 578(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775891]: [S. 579](https://www.legislation.gov.uk/ukpga/1988/1/section/579) modified (with effect in accordance with s. 39(3)-(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/23)
[^c21614501]: Source-1970 s.412(1)-(6)
[^c22776841]: [S. 579(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/a) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22776861]: Word in [s. 579(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777001]: Words in [s. 579(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/a)
[^c22776911]: Words in [s. 579(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777051]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/b)
[^c22777781]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22780081]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778861]: [S. 579(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/4) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c22780091]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23755611]: [S. 579(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 63](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/63), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23755631]: [S. 579(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3/3A) substituted for s. 579(3) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 26(2)
[^c23755651]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755671]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755721]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755741]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755761]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755781]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755801]: Words in [s. 579(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614531]: Source-1970 s.412(7), (8)
[^c22777661]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/a)
[^c22777681]: Words in [s. 580(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/b) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/b)
[^c22777721]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/c)
[^c22776951]: [S. 580(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/2) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777801]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22777821]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c23755831]: [S. 580(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 64](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/64), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614601]: Source-1970 s.417; 1971 Sch.6 47
[^c22783181]: [S. 582(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/3A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 50](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/50)
[^c23755971]: [S. 582](https://www.legislation.gov.uk/ukpga/1988/1/section/582) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/7)
[^c23755871]: Words in [s. 582(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755891]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756001]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 134(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/134/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23755981]: [S. 582(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/2A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 134(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/134/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614631]: *See* 1979(C) s.13—*delayed remittances of capital gains.*
[^c21614641]: [S. 584(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/10) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21614651]: Source-1970 s.418(1), (2), (2A), (2B); 1987 (No.2) Sch.6 6
[^c21614681]: Source-1972 s.124(2)(a)
[^c21614691]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21614761]: Source-1987 (No.2) Sch.6 6(5)
[^c22776641]: [S. 584(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/2A) substituted for s. 584(2)(3) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/2)
[^c22776661]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/3)
[^c22776681]: Words in [s. 584(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/5) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/4)
[^c22776701]: [S. 584(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/5)
[^c22776741]: Words in [s. 584(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/7)
[^c23756041]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756061]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756081]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756121]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756141]: Word in [s. 584(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756161]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756181]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756201]: [S. 584(6)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6/a/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614791]: Source-1970 s.420
[^c23756281]: Words in [s. 586(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/586/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 247](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/247) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614801]: Source-1970 s.421
[^c23756341]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756301]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756321]: Words in [s. 587(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775921]: [S. 588](https://www.legislation.gov.uk/ukpga/1988/1/section/588) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24) (the modification consisting of the insertion of a s. 588(4A) for limited purposes, and that s. 588(4A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c21614821]: Source-1987 s.35(1)-(7)
[^c22780121]: Word in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22780811]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) inserted (with effect in accordance with [s. 93(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/93/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/2)
[^c23761531]: [S. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted for s. 588(1)(2) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761551]: [S. 588(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761611]: [S. 588(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/a) and word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761571]: Words in [s. 588(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761591]: Words in [s. 588(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762051]: [S. 588(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(2)
[^c23762071]: [S. 588(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(3)
[^c23762091]: Word in [s. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762111]: Words in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762131]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762161]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762181]: Word in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762241]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762201]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762221]: Word in [s. 588(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774861]: [S. 577A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1A) inserted (with application in accordance with [s. 141(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/2)
[^c22774881]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (with application in accordance with s. 141(4)) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/3)
[^c22780061]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778831]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22783101]: Words in [s. 577A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1) renumbered as s. 577A(1)(a) (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/a)
[^c22783121]: [S. 577A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/b) and preceding word inserted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/b)
[^c23755461]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) re-numbered as s. 577A(2)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(a)
[^c23755441]: [S. 577A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2/b) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(b)
[^c23755481]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755511]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775941]: [S. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 25](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/25) (the modification consisting of the insertion of a s. 589A(9A) for limited purposes, and that s. 589A(9A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c22780131]: Word in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23762311]: [S. 589A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/1/1A) substituted for s. 589A(1) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762331]: [S. 589A(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762391]: [S. 589A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/10) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762411]: [S. 589A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/9) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 29(2)
[^c23762431]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762451]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762471]: Words in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762551]: Words in [s. 589B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781131]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (with effect in accordance with reg. 30AA(3) of the modifying reg.) by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30AA(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/30AA/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [5](https://www.legislation.gov.uk/uksi/2000/2710/regulation/5))
[^c22783261]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "qualifying investment" repealed (with effect in accordance with s. 97(6) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1), [Sch. 40 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/15), Note
[^c22783281]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): in definition of "qualifying investment", para. (e) and preceding word inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1)
[^c22783301]: [S. 587B(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9A) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/2)
[^c22783321]: [S. 587B(9E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9E/a) modified (temp.) (with effect in accordance with s. 97(6) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(7)(8)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/7/8)
[^c22783341]: [S. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/3)
[^c23756541]: [S. 587B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/4) substituted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/2)
[^c23756561]: [S. 587B(8A)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/3)
[^c23756601]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "obligation" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756661]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "offshore fund" substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 10](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/10) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23756621]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "related liabilities" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756641]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "value of the net benefit to the charity" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756581]: [S. 587B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/10A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/5)
[^c23756751]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2005/2014/regulation/21); and that modifying reg. 21 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2007/2134/regulation/20)
[^c23756711]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756761]: Words in [s. 587B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756781]: Words in [s. 587B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757151]: [S. 587B(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/a/i) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757171]: Words in [s. 587B(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/a/ii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757191]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757211]: Words in [s. 587B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757231]: [S. 587B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756801]: Words in [s. 587B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756821]: Word in [s. 587B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756841]: Word in [s. 587B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756861]: Word in [s. 587B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/7/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756901]: Words in [s. 587B(8B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756921]: Word in [s. 587B(8B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757061]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "authorised unit trust" substituted for definition of "authorised unit trust" and "open-ended investment company" (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757081]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): words in definition of "charity" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757111]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "the incidental costs of making the disposal to the person making it" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757131]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "open-ended investment company" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756941]: Words in [s. 587B(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9B) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(11)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/11/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756971]: Words in [s. 587B(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9B) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(11)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/11/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757001]: Words in [s. 587B(9C)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9C) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757021]: Words in [s. 587B(9C)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9C) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757041]: Words in [s. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(13)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/13) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757311]: [S. 587B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(f)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/f), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23757291]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "life assurance business" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by virtue of [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23757251]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): words in definition of "qualifying investment" substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/6/a)
[^c23757271]: [S. 587B(9ZA)(9ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9ZA/9ZB) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/6/b)
[^c22782771]: Word at the end of s. 578A(1)(a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/a)
[^c22781871]: [S. 578A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1/c) and preceding word repealed (with effect in accordance with s. 57(4), Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/b), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22783161]: [S. 578A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/3) modified (with effect in accordance with s. 80(2) of the 2002 amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 93A(4)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/93A/4/a/6/a) (as inserted by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 24 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/24/paragraph/4))
[^c22783141]: [S. 578A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2A/2B) inserted (with effect in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 60(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/1)
[^c23755551]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(2)
[^c23755571]: [S. 578A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/bb) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(3)
[^c23755591]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23761461]: [S. 587C(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/2/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761341]: Word in [s. 587C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761361]: Word in [s. 587C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761381]: Word in [s. 587C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761421]: [S. 587C(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/6/a/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761401]: Words in [s. 587C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761441]: [S. 587C(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/8A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761491]: [S. 587C(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/10/a) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/7/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761511]: Words in [s. 587C(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/10/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/7/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761291]: [S. 587BA(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA/12) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23761311]: [S. 587BA(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA/13/b) and preceding word repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21614081]: Source-1981 s.36(1)-(5)
[^c21614091]: Source-1981 s.36(6); 1980 s.37(3)
[^c22781111]: [S. 573(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/2) restricted (with effect in accordance with s. 63(4) of the affecting Act) by Finance Act 2000, Sch. 15 para. 70(2)
[^c22780901]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/i)
[^c22780961]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iv)
[^c22780981]: [S. 573(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/b)
[^c23753471]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22774841]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614221]: Source-1980 s.37(6)-(8); 1981 s.36(6)
[^c21614231]: Words in [s. 575(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/c) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(34)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614241]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614261]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22781001]: [S. 575(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/ba) inserted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/3)
[^c23753771]: Words in [s. 575(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753791]: Word in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753811]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753891]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753931]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753851]: [S. 575(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/4) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22774851]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c22779921]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/1)
[^c22779941]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/2)
[^c22779961]: [S. 576(4)-(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) substituted for s. 576(4) (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/3)
[^c22781041]: [S. 576(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1C) inserted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/b)
[^c23754031]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754051]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754071]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754091]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754181]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/2/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754201]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754161]: [S. 576(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754231]: [S. 576(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754601]: [S. 576B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/576B/9) inserted (6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/3), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23754621]: [S. 576D(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/576D/3A) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/2)
[^c23754641]: Words in [s. 576H(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/576H/2/a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/5)
[^c23754681]: [S. 576K(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576K/4) inserted (6.4.2007) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 16 paras. 11(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/11/4), [13](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/13)
[^c21616431]: [1939 c. 49](https://www.legislation.gov.uk/ukpga/1939/49).
[^c23484131]: [S. 613(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/1/2) (which were repealed by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)) restored (retrospectively) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 para. 63](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/63)
[^c21617661]: Source-1970 s.219(3)
[^c21617671]: Words in [s. 617(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/a) substituted (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/6/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 2 para. 93(4)](https://www.legislation.gov.uk/ukpga/1992/6/schedule/2/paragraph/93/4)
[^c21617681]: Words in [s. 617(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/b) substituted (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/9/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 2 para. 33(4)](https://www.legislation.gov.uk/ukpga/1992/9/schedule/2/paragraph/33/4)
[^c22889541]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) repealed (with effect in accordance with s. 147(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 147(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/147/1), [Sch. 41 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/15), Note
[^c22890381]: [S. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 65(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 65(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/3)
[^c22893901]: Words in [s. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 61(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/1)
[^c22899941]: [S. 617(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/6) repealed (24.4.2000 for specified purposes and 9.4.2001 otherwise) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/1), [Sch. 8 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/30/schedule/8/paragraph/1/3), [Sch. 13 Pt. 5](https://www.legislation.gov.uk/ukpga/1999/30/schedule/13/part/5); [S.I. 2000/1047](https://www.legislation.gov.uk/uksi/2000/1047), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2000/1047/article/2/2/a), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2000/1047/schedule/part/1)
[^c23481861]: [S. 617(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482271]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483111]: Words in [s. 617(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Sch. para. 31(2)
[^c23483341]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483361]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483381]: Word at the end of s. 617(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483221]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483401]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619331]: Source-1970 s.230(1)
[^c21619341]: Source-1970 s.230(2A); 1970(F) Sch.4 8
[^c21619351]: Source-1970 s.230(2)(a)-(c)
[^c21619361]: Source-1970 s.230(2)(d), (2A); 1970(F) Sch.4 8
[^c21619371]: Source-1970 s.230(3)-(5)
[^c21619381]: [S. 656(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/7) inserted (retrospectively) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/76/1)
[^c23484021]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484041]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484061]: Words in [s. 656(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619391]: Source-1970 s.230(6), (7); 1978 s.26(4); 1987 (No.2), s.41(3)
[^c23484111]: Words in [s. 657(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 269](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/269) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486281]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486301]: [S. 657(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/d/e) substituted for s. 657(2)(d)-(f) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486451]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21619401]: Source-1970 s.231
[^c21619411]: *For regulations see* Part III Vol.5 (*under* “*Life annuities, purchased*”).
[^c21619421]: 1989 s.170(4)(c)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c23483441]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483271]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483461]: [S. 658(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486471]: Words in [s. 658(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/142), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21620031]: 1989 s.109(1).
[^c23766771]: Words in [s. 687A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 18](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/18), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23766791]: [S. 687A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766811]: Words in [s. 687A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766831]: Words in [s. 687A(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/3/a/iii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766851]: Words in [s. 687A(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/3/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23313881]: Words in [s. 689B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/a) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/a)
[^c23313901]: Words in [s. 689B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/b) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/b)
[^c23313921]: [S. 689B(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/c) and preceding word added (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/c)
[^c23313981]: [S. 689B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/4)
[^c23767651]: [S. 689B(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2/a) substituted for s. 689(2)(za)-(c) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767671]: [S. 689B(2A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A/a/b) substituted for words in s. 689(2A) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767691]: [S. 689B(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767731]: Words in [s. 689B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 20](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/20), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23767751]: Words in [s. 689B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767791]: [S. 689B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767771]: [S. 689B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/5) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21621881]: Source-1970 s.426; 1971 Sch.6 52
[^c21621891]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621901]: *See* 1974 s.44(4) and Sch.7 para.9(1)(2)—*development gains to be excluded from aggregate income and United Kingdom tax thereon to be left out of account.*
[^c22901391]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) repealed (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901371]: [S. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1)
[^c23768011]: Words in [s. 695(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768031]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768051]: Word in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768071]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768101]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768121]: Word in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768141]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768161]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768181]: Word in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768201]: Words in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768221]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768391]: Words in [s. 695(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768241]: Word in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768261]: Words in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768281]: Words in [s. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768311]: Words in [s. 695(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768331]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768351]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768411]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768371]: [S. 695(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621921]: Source-1970 s.427; 1971 Sch.6 53
[^c22901411]: [S. 696(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted for s. 696(3) (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/1)
[^c21621941]: Words in [s. 696(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22901431]: [S. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/2)
[^c23768431]: Words in [s. 696(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768451]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768491]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) added (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768511]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768531]: Word in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768551]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768571]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768601]: Words in [s. 696(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768621]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768641]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768671]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768701]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768721]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768741]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768771]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768811]: Words in [s. 696(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768831]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768861]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768881]: Word in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768901]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769031]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768921]: Word in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768941]: Words in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768981]: Words in [s. 696(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768961]: Words in [s. 696(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769051]: Words in [s. 696(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(11)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769011]: [S. 696(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(12)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621951]: Source-1970 s.428; 1971 Sch.6 54
[^c22901451]: [S. 697(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/1A) inserted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/1)
[^c22901471]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/2)
[^c23769091]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769121]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769071]: Words in [s. 697(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769151]: [S. 697(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621971]: Source-1970 s.429; 1971 Sch.6 55
[^c22901491]: [S. 698(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1A/1B/2) substituted for s. 698(2) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/1)
[^c23769171]: Words in [s. 698(1B)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1B/c/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769191]: Words in [s. 698(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769211]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769231]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769251]: [S. 698(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622061]: Source-1970 s.431; 1971 Sch.6 57
[^c22901511]: [S. 700(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/6) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/6)
[^c22901671]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/20)
[^c23769681]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769701]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769721]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769761]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769801]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769821]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769841]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769871]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769891]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769951]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769991]: Words in [s. 700(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770011]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770031]: Words in [s. 700(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770051]: Words in [s. 700(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770171]: Word at the end of s. 700(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770071]: [S. 700(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770091]: Words in [s. 700(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770111]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770131]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770151]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622141]: Source-1970 s.432; 1972 Sch.24 25; 1975 (No.2) s.34(5)
[^c21622151]: [S. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21622161]: *Definition applied for purposes of* 1979(C)—*see* 1979(C) s.155(1).
[^c21622171]: [1925 c. 23](https://www.legislation.gov.uk/ukpga/1925/23).
[^c21622191]: Source-1970 s.426(1)
[^c22901571]: [S. 701(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/5)
[^c22901591]: [S. 701(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/14) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/7), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901901]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/8)
[^c22901951]: Words in [s. 701(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b) renumbered as s. 701(3A)(b)(i) (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by virtue of [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/a)
[^c22901961]: Words in [s. 701(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/i) inserted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/b)
[^c22901931]: [S. 701(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/ii) added (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/c)
[^c23770381]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770511]: Word at the end of s. 701(8)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770451]: [S. 701(8)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770531]: Words in [s. 701(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770471]: Words in [s. 701(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770491]: Words in [s. 701(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770551]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622221]: Source-1970 s.433; 1987 Sch.15 2(15)
[^c23770681]: Words in [s. 702(a)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/702/a/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [96](https://www.legislation.gov.uk/uksi/2005/3229/regulation/96)
[^c22901691]: Words in [s. 699A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/2)
[^c22901711]: [S. 699A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/1B) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/3)
[^c22901741]: [S. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) and preceding word inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/4)
[^c22901761]: Words in [s. 699A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A) inserted (with effect in accordance with [s. 33(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/10) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/3)
[^c22901781]: Word in [s. 699A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/2/b) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/4)
[^c22901821]: Words in [s. 699A(4)(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a/c) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/5)
[^c23769451]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/4)
[^c23769471]: Words in [s. 699A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769511]: Words in [s. 699A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769591]: [S. 699A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769531]: Words in [s. 699A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769551]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769571]: Word in [s. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769621]: [S. 699A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769641]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 151](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/151) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622281]: Source—1970 s.460(1)-(3)
[^c21622311]: Source—1970 s.460(5)-(9)
[^c21622321]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21622331]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c23211461]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) inserted (with effect in accordance with [Sch. 3 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/2)
[^c23211481]: [S. 703(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/4) repealed (with effect in accordance with Sch. 3 para. 32(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23770941]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770961]: Words in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770991]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771011]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771031]: Words in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771051]: Word in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771071]: Word in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771121]: Word in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771091]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771141]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771391]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771171]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771411]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771191]: Words in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771221]: Words in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771261]: Word in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771281]: Word in [s. 703(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771431]: [S. 703(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/11) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771301]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771331]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771351]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622341]: Source—1970 s.461; 1973 s.54, Sch.11 2(a), (b)
[^c22904151]: Words in [s.704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (with effect in accordance with [s.175(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 175(1)-(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/1)
[^c23160831]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(e) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c23288361]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) modified (9.3.1999) by [The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (S.I. 1999/358)](https://www.legislation.gov.uk/uksi/1999/358), [regs. 1](https://www.legislation.gov.uk/uksi/1999/358/regulation/1), [23](https://www.legislation.gov.uk/uksi/1999/358/regulation/23)
[^c23211521]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(d) repealed (with effect in accordance with Sch. 3 para. 33(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 33(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/33/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23771491]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771511]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771531]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771851]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(f)(g) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771551]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771571]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771611]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771631]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771661]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1)(b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771681]: Word in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771701]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771721]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771741]: Word in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771761]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771791]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771811]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771831]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771881]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/7)
[^c21622351]: Source—1970 s.462
[^c23314111]: [S. 705(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/4) repealed (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 23](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/23), [Sch. 2 Pt. 1](https://www.legislation.gov.uk/uksi/1994/1813/schedule/2/part/1)
[^c23211541]: [S. 705(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/6) repealed (with effect in accordance with Sch. 3 para. 34(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 34(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/34/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23771951]: Words in [s. 705(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771971]: Word in [s. 705(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771991]: Words in [s. 705(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772011]: Words in [s. 705(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622391]: *See*—1970(M) s.6(1)—*declaration to be made by member of tribunal on appointment.*1989 s.182—*disclosure of information* (*in* Part II Vol.5).
[^c21622401]: [S. 706](https://www.legislation.gov.uk/ukpga/1988/1/section/706) renumbered as s. 706(1) (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622411]: Source—1970 s.463; 1982 Sch.21 3(1)
[^c21622421]: [S. 706(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/706/2) added (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622431]: Source—1970 s.464
[^c23772341]: Words in [s. 707(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772381]: Words in [s. 707(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772421]: Word in [s. 707(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622441]: Source—1970 s.465
[^c23772441]: Words in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772471]: Word in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772491]: Words in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772531]: Word in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622451]: *Definition applied for purposes of* 1990 Sch.10—*convertible securities.*
[^c21622461]: Source—1970 s.466(1); 1973 Sch.11 4
[^c21622471]: Source—1970 s.467; 1973 Sch.11 5
[^c23116391]: [S. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) inserted (with effect in accordance with [s. 73(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/1)
[^c23160851]: Words in [s. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) repealed (with effect in accordance with Sch. 4 para. 19(2), Sch. 8 Pt. 2(9) Note 2 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 19(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/19/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23772601]: Words in [s. 709(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772611]: Words in [s. 709(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772641]: Words in [s. 709(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772671]: Words in [s. 709(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772181]: Words in [s. 705A(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/1/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772211]: Words in [s. 705A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772231]: Words in [s. 705A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772261]: Words in [s. 705A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772281]: Words in [s. 705A(10)(11)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/10/11/a/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772321]: Words in [s. 705B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 158](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/158) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625091]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625101]: Source—1985 Sch.23 44(1)-(5A); 1986 Sch.17 6
[^c23314541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314551]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23312501]: Words in [s. 728(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/7/a) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8). s. 431(2), Sch. 20 para. 4(5); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23773831]: Words in [s. 728(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773891]: Words in [s. 728(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773851]: Words in [s. 728(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773871]: [S. 728(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/9) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625181]: Source—1970 s.470; 1971 Sch.6 71
[^c23312721]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/51)
[^c23773951]: Words in [s. 730(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773971]: Words in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) and s. 730(4A)(4B) substituted for words in s. 730(4) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773991]: Word in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774011]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774031]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774251]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/b)
[^c23774091]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/a)
[^c23774361]: Words in [s. 730(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/a) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/a)
[^c23774381]: Words in [s. 730(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/b) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/b)
[^c23774541]: [S. 730(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/c) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/c), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774401]: [S. 730(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/4)
[^c23774571]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/5), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774421]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/6)
[^c23774441]: Word in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/7)
[^c23774461]: Word in [s. 730(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4A) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/8)
[^c23774481]: Word in [s. 730(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4B) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/9)
[^c23006221]: Words in [s. 730(2)(4)(b)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2/4/b/6/8) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/23) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23774501]: [S. 730(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/7) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/10)
[^c23774591]: Words in [s. 730(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/8) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(11)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/11), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774611]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) repealed (with effect in accordance with Sch. 6 para. 2(3) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/2/2), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21625261]: Source—1970 s.471(1)-(5)
[^c21625271]: [S. 731(4A)(4B)(4C)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4A/4B/4C) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 55(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/55/1/2)
[^c21625281]: Words in [s. 731(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4B) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(40)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/40) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625291]: *See* s.343—*company reconstruction without change of ownership.*
[^c21625301]: Source—1970 s.471(6); 1973 sch.11 6; 1986 Sch.18 2(1)
[^c22902481]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "interest" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/2), [Sch. 26 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22902501]: [S. 731(9A)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/3)
[^c22903411]: Words in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c23314571]: Word in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c22903391]: [S. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/2)
[^c22903431]: Word in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/b)
[^c23006291]: Words in [s. 731(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/a)
[^c22992721]: Words in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23128461]: [S. 731(2B)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2B) inserted (with application in accordance with [s. 77(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/1)
[^c23160891]: Words in [s. 731(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23160911]: [S. 731(9B)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9B) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23775221]: Words in [s. 731(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2D) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/6)
[^c23775241]: Words in [s. 731(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775261]: [S. 731(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775281]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 167(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/167/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23775301]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "securities" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 167(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/167/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23775361]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/2/a), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23775321]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/2/b)
[^c23775341]: [S. 731(2F)(2G)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2F/2G) substituted for s. 731(2F) (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/3)
[^c21625331]: Source—1970 s.472; 1982 s.57; 1986 Sch.18 1, 3
[^c21625341]: [S. 732(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/1)
[^c21625351]: [S. 732(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5A) inserted (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.53(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/53/1)
[^c21625361]: [S. 732(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/7) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/2)
[^c22992741]: [S. 732(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/3) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23160951]: [S. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) inserted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/2)
[^c23160971]: [S. 732(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2/2A) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161001]: Words in [s. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161021]: [S. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4): definition of "overseas securities" substituted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/5)
[^c23161041]: [S. 732(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(6)(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/6/7), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23775381]: Words in [s. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 303](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/303) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625371]: Source—1970 s.473
[^c23775421]: [S. 733(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/733/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 168](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/168), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625391]: Source—1970 s.474; 1973 Sch.11 7; 1979(C) Sch.7; 1978 s.30(7)
[^c21625401]: Words in [s. 734(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(41)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/41) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23775401]: Words in [s. 734(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 169](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/169) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625411]: Source—1970 s.475; 1973 Sch.21 7
[^c23006311]: Words in [s. 735(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3) inserted (with effect in accordance with [Sch. 38 para 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/a)
[^c23006331]: Words in [s. 735(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/a) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/b)
[^c23006351]: Words in [s. 735(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/b) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/c)
[^c23006371]: Words in [s. 735(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/4) substituted (with effect in accordance with Sch. 38 para, 9(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/2)
[^c23006391]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/a)
[^c23006411]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) inserted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/b)
[^c21625421]: Source—1970 s.476
[^c21625431]: *See* s.237—*disallowance of reliefs in respect of bonus issues etc.*
[^c23776361]: Words in [s. 736(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 170](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/170) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23312521]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/2)
[^c23312541]: [S. 736B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/3)
[^c23776481]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/3)
[^c23776461]: [S. 736B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/4) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/1)
[^c23776491]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776511]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776531]: Words in [s. 736B(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776551]: Words in [s. 736B(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776661]: [S. 736C(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/14) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/2)
[^c23776681]: Words in [s. 736C(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/2/a/3/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776741]: [S. 736C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776721]: [S. 736C(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/11): words in definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625771]: Source—1986 Sch.18 4
[^c21625781]: [S. 738(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/2) repealed (with effect as mentioned in s. 58(3) of the repealing Act) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 58(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/2), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 9; [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [reg. 5](https://www.legislation.gov.uk/uksi/1992/1346/regulation/5)
[^c21625831]: Source—1986 Sch.18 10(2)
[^c23151451]: [S. 738(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/3/4) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23161091]: [S. 738(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/1/a/b) repealed (with effect in accordance with s. 26 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note 2
[^c23312561]: Words in [s. 738(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 43](https://www.legislation.gov.uk/uksi/2001/3629/article/43)
[^c23217671]: Words in [s. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/3), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23781361]: [S. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/6)
[^c23781371]: Word in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 175(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/175/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781391]: Words in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 175(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/175/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626141]: [Pt. XVII Ch. IV](https://www.legislation.gov.uk/ukpga/1988/1/part/XVII/chapter/IV) (ss. 747-756) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/3)
[^c21626151]: Source—1984 s.82
[^c22903671]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/3)
[^c23226861]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228081]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23227981]: Words in [s. 747(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23288481]: [S. 747A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747A/4/a) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [2(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/2/2); [S.I. 2003/1282](https://www.legislation.gov.uk/uksi/2003/1282), [art. 2](https://www.legislation.gov.uk/uksi/2003/1282/article/2)
[^c23228001]: Words in [s. 747(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228021]: Words in [s. 747(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228041]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228061]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23300801]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/1)
[^c23298411]: [S. 747(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 paras. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3), [9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/1)
[^c23312831]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) modified (with effect in accordance with Sch. 29 Pt. 14 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116)
[^c23312811]: [S. 747(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1B) inserted (1.4.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 90(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/1/2/a) (with [s. 90(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/2/b))
[^c23783141]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783171]: [S. 747(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 178](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/178), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783201]: [S. 747(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/6) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783211]: [S. 747(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/1/2)
[^c23783231]: [S. 747(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/1/3)
[^c21626161]: Source—1984 s.83
[^c22903731]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/4)
[^c23071561]: Words in [s. 748(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3/a) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/2)
[^c23228181]: Words in [s. 748(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1) substituted (with effect in accordance with [Sch. 17 para 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228201]: Words in [s. 748(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228221]: [S. 748(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/e) and preceding word inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228241]: [S. 748(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228261]: [S. 748(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/2) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/27); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228281]: Word in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228301]: Words in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312891]: [S. 748(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/6) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/1)
[^c23783361]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783411]: [S. 748(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/c) and word repealed (with effect in accordance with Sch. 15 para. 10 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/8/1), [Sch. 27 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/15), Note
[^c23783611]: [S. 749(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/749/10) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/2)
[^c21626201]: Source—1984 s.85
[^c21626211]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (27.7.1993 with application in relation to accounting periods beginning on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/1/2)
[^c22903781]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/5)
[^c23228341]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228361]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228381]: [S. 750(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23307091]: Words in [s. 750(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/b) repealed (with effect in accordance with Sch. 30 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c23783811]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783861]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/2)
[^c23783881]: [S. 750(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1A/1B) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/3)
[^c23783901]: [S. 750(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/ab) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/4)
[^c21626221]: Source—1984 s.86
[^c21626231]: 1990 s.89*and* Sch.14 para.9 (*correction of errors*)—*deemed always to have had effect. Previously* “the persons”.
[^c21626241]: 1990 s.67(2), (4)*on and after* 20*March* 1990.
[^c22902641]: [S. 751(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/2/bb) repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/4), [Sch. 26 Pt. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8), Note
[^c23784011]: [S. 751(1)-(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23228401]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228421]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228441]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228461]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228481]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with Sch. 17 para. 37 of amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228501]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228531]: [S. 751(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228551]: Words in [s. 751(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626271]: *See* 1970(M) s.55(1)(g)*and* (6A).
[^c21626281]: Source—1984 s.89(1)-(4), (7)-(11)
[^c23228631]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228841]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228861]: [S. 754(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228651]: [S. 754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228881]: [S. 754(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228671]: [S. 754(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/3) substituted for s. 754(3) (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228981]: [S. 754(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/4) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/7), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228691]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228771]: Words in [s. 754(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228901]: Words in [s. 754(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228921]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(d)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/d); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228941]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228791]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228961]: Words in [s. 754(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/b) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228821]: Word in [s. 754(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/8) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626301]: Source—1984 s.91
[^c23229231]: [S. 756(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1): definition of "company tax return" inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/16); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312381]: [S. 756(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3/a) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/a), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23312401]: Words in [s. 756(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23787401]: [S. 756(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1A/1B) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 6](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/6)
[^c23316391]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (10.6.1999) by The Non-resident [Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)](https://www.legislation.gov.uk/uksi/1999/1408), [regs. 3-6](https://www.legislation.gov.uk/uksi/1999/1408/regulation/3)
[^c23783671]: [S. 749A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/749A/9) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/3)
[^c23229181]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23314601]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [18](https://www.legislation.gov.uk/uksi/1998/1871/regulation/18)
[^c23288531]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30B](https://www.legislation.gov.uk/uksi/1997/473/regulation/30B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [4](https://www.legislation.gov.uk/uksi/1999/2636/regulation/4); and as that reg. 30B is amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [24](https://www.legislation.gov.uk/uksi/2004/822/regulation/24))
[^c23312581]: Words in [s. 755A(1)(c)(5)(7)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/1/c/5/7/12) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/j)
[^c23785881]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [16](https://www.legislation.gov.uk/uksi/2004/2680/regulation/16); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23785891]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/2005/2014/regulation/22) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [21](https://www.legislation.gov.uk/uksi/2007/2134/regulation/21))
[^c23785811]: Words in [s. 755A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/3) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/8)
[^c23785851]: [S. 755A(11)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/11) substituted for s. 755A(11) (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/9)
[^c23785931]: [S. 755A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4A) inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/a)
[^c23785951]: Words in [s. 755A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/8) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/b)
[^c23785971]: [S. 755A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/9) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/c)
[^c23786071]: Words in [s. 755A(2)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/2/6/a) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/10) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23785991]: Words in [s. 755A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23786031]: Words in [s. 755A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/6/c) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23786921]: [S. 755A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/12): definition of "long-term insurance fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/d), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23786051]: [S. 755A(13)(a)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/13/a/ba) substituted for s. 755A(13)(a)-(d) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23229201]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23229211]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23312621]: [S. 755B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/755B/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 44](https://www.legislation.gov.uk/uksi/2001/3629/article/44)
[^c23783031]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/45/5/6)
[^c23783571]: Words in [s. 748A(1)(c)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748A/1/c/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23783591]: [S. 748ZA(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA/5/a) omitted (with effect in accordance with Sch. 5 paras. 6(3), 7(3)(4) of the repealing Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 5 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7/2/a)
[^c21626341]: Source—1984 s.92(1), (7)
[^c21626351]: Words in [s. 757(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(43)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/43) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626361]: Source—1984 s.92(2)-(6), (8)
[^c21626441]: 1990 s.89*and* Sch.14 para.10 (*correction of errors*)—*deemed always to have had effect.*
[^c23788311]: [S. 757](https://www.legislation.gov.uk/ukpga/1988/1/section/757) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 7](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/7) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c23312931]: [S. 757(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^c23789391]: Words in [s. 757(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/2)
[^c23789431]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/a)
[^c23789451]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/b)
[^c23789471]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/a)
[^c23789491]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/b)
[^c21626481]: Source—1984 s.93
[^c21626491]: Words in [s. 758(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/5/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(44)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/44) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23312951]: Words in [s. 758(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/6)
[^c23789551]: [S. 758](https://www.legislation.gov.uk/ukpga/1988/1/section/758) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2004/2572/regulation/3)
[^c23789531]: [S. 758(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/7/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/5)
[^c21626561]: Source—1984 s.94
[^c21626571]: Words in [s. 759(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(45)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/45) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22903881]: [S. 759(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1A) inserted (with application in accordance with [s. 134(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/3)
[^c23789561]: [S. 759(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1/1A) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789591]: Words in [s. 759(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/2) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789611]: Words in [s. 759(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/3) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/4) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789631]: Words in [s. 759(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/5) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789651]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789681]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626601]: Source—1984 s.95
[^c23789871]: [S. 760](https://www.legislation.gov.uk/ukpga/1988/1/section/760) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)
[^c23789771]: [S. 760(3)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/3/b) and preceding word repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789821]: [S. 760(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/3), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789711]: Words in [s. 760(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789731]: Words in [s. 760(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789751]: [S. 760(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626641]: Source—1984 s.96; 1987 Sch.15 16(1)
[^c21626651]: 1990 s.89*and* Sch.14 para.11 (*correction of errors)*—*deemed always to have had effect. Previously* “and Schedule.”
[^c21626661]: Words in [s. 761(2)(3)(5)(6)(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2/3/5/6/7/a/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(47)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/47) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626691]: [S. 761(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/4) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23789881]: Words in [s. 761(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789901]: [S. 761(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789921]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/i)
[^c23789941]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/ii)
[^c23789961]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/i)
[^c23789981]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/ii)
[^c23790001]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/iii)
[^c23790021]: [S. 761(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/7/b) substituted (with effect in accordance with [Sch. 12 para. 47(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 47(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/1)
[^c23790041]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790061]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790101]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790081]: [S. 761(6A)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626751]: Source—1984 s.97
[^c21626761]: Words in [s. 762(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(48)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/48) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790231]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23790251]: Words in [s. 762(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/5/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790271]: Words in [s. 762(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/5/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790291]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626851]: Source—1984 s.98
[^c21626861]: Words in [s. 763(1)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(49)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/49) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790431]: Words in [s. 763(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6) substituted (with retrospective effect in accordance with [Sch. 26 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790411]: [S. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790451]: [S. 763(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 181](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/181) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23788281]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788261]: [S. 756A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/756A/3/4) substituted for s. 756A(3) (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/2)
[^c23788291]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788301]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21627011]: *Provisions of this section employed in* 1988(F) ss.105, 130*and* Sch.7.
[^c21627021]: Source—1970 s.482(1)-(4)
[^c21627031]: 1990 s.68(1), (4)*in relation to transactions carried out on or after* 1*July* 1990.
[^c21627041]: *Repealed by* 1988(F) ss.105(6), 148*and* Sch.14 Part IV*from* 15*March* 1988.*And see* 1988(F) ss.61, 130-132*and* Sch.7*for new requirements for companies from* 15*March* 1988.
[^c21627051]: 1988(F) s.105(6)*from* 15*March* 1988.*Previously* “so resident”.
[^c21627071]: O.J. No. L178/5
[^c21627081]: Source—1970 s.482(5)
[^c21627091]: Source—1970 s.482(6)
[^c21627101]: Source—1970 s.482(11)
[^c21627111]: Source—1970 s.482(7)
[^c21627121]: Source—1970 s.482(8)-(10)
[^c21627131]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627141]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21627151]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627161]: Source—1970 s.482(12)
[^c21627171]: Source—1970 s.483(1)-(7)
[^c21627191]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c23791281]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791371]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791451]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23312661]: Words in [s. 768(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/55)
[^c21627271]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c21627281]: Source—1970 s.484
[^c21627341]: [S. 769(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6) substituted (*in relation to change of ownership occurring on or after* 14*March* 1989) by [Finance Act 1989 (c. 26, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/100/2).
[^c21627351]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c21627361]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c22902721]: [S. 769(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/4)
[^c22902741]: [S. 769(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/9) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/5)
[^c22903911]: Words in [s. 769(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903991]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903951]: [S. 769(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3A) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/3)
[^c22903971]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/4)
[^c22904001]: Words in [s. 769(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/5) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c23082371]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/a)
[^c22992841]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23229421]: Word in [s. 769(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/5) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/a)
[^c23229491]: Words in [s. 769(1)(2)(d)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/2/d/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23314631]: Word in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/b)
[^c23229461]: Words in [s. 769(2A)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A/9) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/c)
[^c23229531]: Words in [s. 769(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23229551]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/c) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23791381]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791331]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791351]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229371]: [S. 767B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/1A) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/1)
[^c23229381]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/a)
[^c23229391]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/b)
[^c23229401]: Words in [s. 767B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/4) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/3)
[^c23229411]: Words in [s. 767B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/10) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/4)
[^c23076701]: [S. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) substituted for s. 768B(10)(11) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23077761]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312681]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 56](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/56)
[^c23312971]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313001]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23791251]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23790871]: Words in [s. 768B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/2)
[^c23790891]: Words in [s. 768B(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/a)
[^c23790911]: Words in [s. 768B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/b)
[^c23790931]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/4)
[^c23790951]: Words in [s. 768B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/9/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/5)
[^c23790971]: Words in [s. 768B(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/14) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/6)
[^c23791391]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791471]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791291]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/1)
[^c23082351]: [S. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) substituted for s. 768C(9)(10) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/40) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313021]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/10) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313041]: [S. 768C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/13) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/2)
[^c23791261]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23791011]: Words in [s. 768C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/2)
[^c23791031]: Words in [s. 768C(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/7/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/3)
[^c23791051]: [S. 768C(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/12): definition substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/4)
[^c23791401]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791481]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791311]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/2)
[^c23791341]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791361]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229631]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c23791271]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791411]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791491]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791071]: Words in [s. 768D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/a)
[^c23791091]: Words in [s. 768D(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/b)
[^c23791111]: Words in [s. 768D(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/a)
[^c23791131]: Words in [s. 768D(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/b)
[^c23791151]: Words in [s. 768D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/4)
[^c23791191]: [S. 768D(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/8/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/5)
[^c23791421]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791501]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791211]: Words in [s. 768E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/2)
[^c23791231]: Words in [s. 768E(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/7) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/3)
[^c21627451]: Source—1970 s.486
[^c23793501]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23793521]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627481]: Source—1970 s.488; 1979(C) Sch.7
[^c23261011]: Words in [s. 776(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a/b) substituted (31.7.1998) by [Finance Act 1998 (c. 6)](https://www.legislation.gov.uk/ukpga/1998/6), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/6/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/6/schedule/7/paragraph/1)
[^c23795051]: Word in [s. 776(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6) substituted (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(4)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/4); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23795151]: Words in [s. 776(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795071]: [S. 776(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795111]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795171]: Word in [s. 776(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795191]: Words in [s. 776(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795211]: Words in [s. 776(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796031]: [S. 776(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796051]: [S. 776(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796071]: Words in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795231]: Word in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796091]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796111]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/7/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795251]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795271]: Words in [s. 776(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795291]: Words in [s. 776(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796161]: [S. 776(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/9) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(9)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/9), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795651]: Words in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795961]: Word in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795981]: Words in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796011]: Word in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627521]: Source—1970 s.489; 1979(C) Sch.7
[^c21627531]: Words in [s. 777(11)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11/12) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(51)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/51) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23796301]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796321]: Words in [s. 777(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796341]: Words in [s. 777(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796361]: Words in [s. 777(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796381]: Words in [s. 777(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796401]: Words in [s. 777(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796421]: Words in [s. 777(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/6/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796441]: Words in [s. 777(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796461]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796481]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796501]: Words in [s. 777(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796531]: Words in [s. 777(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796681]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796701]: [S. 777(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/9) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796561]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(9)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796581]: Word in [s. 777(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796601]: [S. 777(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(11)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/11) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796621]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796741]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [2(3)(a)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/3/a)
[^c23796641]: [S. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13): definition of "capital" substituted for definition of "capital amount" (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796761]: [S. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13): words in definition of "capital" substituted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [2(3)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/3/b)
[^c23796721]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627551]: Source—1970 s.490
[^c21627561]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c23796781]: Words in [s. 778(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796801]: Words in [s. 778(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796821]: Words in [s. 778(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902761]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 23](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/23)
[^c21627571]: Source—1970 s.491
[^c22902821]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(8)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/8) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c23082471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/22) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22904051]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/10)
[^c22904011]: Words in [s. 779(13)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/a) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/27), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c23312471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23264461]: Words in [s. 779(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23796881]: Words in [s. 779(13)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 101](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/101) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23796901]: Words in [s. 779(13)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 32(2)
[^c23796921]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) renumbered as s. 779(10)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796941]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796961]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796981]: [S. 779(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797001]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797021]: [S. 779(13)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797061]: Words in [s. 779(13)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797041]: [S. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797081]: Words in [s. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 187(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/187/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797101]: Words in [s. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 187(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/187/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23082491]: [S. 780](https://www.legislation.gov.uk/ukpga/1988/1/section/780) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/23) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627581]: Source—1972 s.80
[^c23269121]: Words in [s. 780(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797221]: Words in [s. 780(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797241]: [S. 780(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797261]: [S. 780(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 188](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/188) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902841]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1)
[^c22902861]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(6)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/6)
[^c22902921]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904071]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/1)
[^c21627591]: Source—1970 s.492 (1)-(5), (7)-(9); 1971 Sch.8 16(7)
[^c21627601]: *See* 1979(C) s.106*and* Sch.3 para.9—*amounts charged under* s.781*to be excluded in computing capital gains.*
[^c23082531]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/1) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c23082391]: Words in [s. 781(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/2)
[^c23082411]: [S. 781(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/3)
[^c23312441]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23271011]: Words in [s. 781(4)(a)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/a/5/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23312701]: Words in [s. 781(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 57](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/57)
[^c23797301]: Words in [s. 781(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 102](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/102) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23797321]: Words in [s. 781(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 33(2)
[^c23797401]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8), [20](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797341]: Words in [s. 781(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797361]: [S. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797381]: Words in [s. 781(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797471]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16), [25](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25)
[^c23797451]: [S. 781(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797411]: Words in [s. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797431]: Words in [s. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902941]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/5)
[^c22902961]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904091]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/2)
[^c23082551]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627621]: Source—1970 s.493; 1971 Sch.8 16(8)
[^c23312481]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23276161]: Words in [s. 782(1)(a)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1/a/2/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797581]: Words in [s. 782(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797601]: [S. 782(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1A) inserted (with effect in accordance with [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/2)
[^c21627631]: Source—1970 s.494
[^c22902981]: [S. 783(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/2) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/2)
[^c22903001]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1/a/3)
[^c21627641]: *See*—s.756—s.783(11)*applied for purposes of* Part XVII Ch.IV (*controlled foreign companies*),s.798(10)—s.783(11)*applied for purposes of* s.798 (*interest on certain overseas loans*).
[^c23797661]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8/2), [20(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797641]: Words in [s. 783(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797711]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16/2), [25(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25/2)
[^c23797671]: Words in [s. 783(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [98](https://www.legislation.gov.uk/uksi/2005/3229/regulation/98)
[^c21627651]: Source—1970 s.495
[^c21627661]: Source—Consumer Credit Act 1974 Sch.4 29
[^c23279891]: Words in [s. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797791]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 319](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/319) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797811]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 190](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/190) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627681]: Source—1970 s.496
[^c22992861]: [S. 786(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/4) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 1; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23798221]: Words in [s. 786(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798261]: [S. 786(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798241]: Words in [s. 786(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798281]: [S. 786(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798301]: [S. 786(5ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5ZA) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/8/2)
[^c21627691]: Source—1976 s.38
[^c23798441]: [S. 787](https://www.legislation.gov.uk/ukpga/1988/1/section/787) extended (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/8)
[^c23313081]: [S. 787(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/2)
[^c23313101]: [S. 787(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/3) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/3)
[^c23797851]: [S. 785A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/785A/5A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/7/2)
[^c23794991]: Words in [s. 775A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/775A/4/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23793711]: [S. 774B(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/1) substituted for s. 774B(1) (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/2)
[^c23793731]: Words in [s. 774B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/4/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/3)
[^c23793751]: Words in [s. 774B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/5) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/4)
[^c23793811]: [S. 774D(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/774D/2A) inserted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/4)
[^c23794611]: [S. 774E(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/4/b) substituted (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/9)
[^c23794591]: Words in [s. 774E(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/5/b) substituted (with effect in accordance with [Sch. 5 para. 17(5)-(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/17/5) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/17/4)
[^c23794631]: Words in [s. 774E(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/7/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/5)
[^c23794771]: Words in [s. 774G(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/2/a)
[^c23794791]: [S. 774G(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/a/ii) and preceding word inserted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/2/b)
[^c23794811]: Words in [s. 774G(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/c) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/3)
[^c23794831]: [S. 774G(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/5A) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/4), [7(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/6)
[^c21627721]: *See*—1970 ss.267, 273, 273A*and* 276(groups)—*disapplication of those provisions in the case of companies treated as resident outside the U.K. by virtue of* s.788.1989 s.115—*calculation of tax credit for non-resident on gross amount of distribution.*1990 s.32(8)—*application of* s.788*to assets held by employee share ownership trusts.* [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/1)
[^c21627741]: Source—1970 s.497(1)-(8); 1972 ss.98(2), 100(1); 1976 s.50(2); 1987 s.70(1)
[^c22810261]: [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810241]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) repealed (1.4.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22810221]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) inserted (with effect in accordance with [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/1)
[^c22810271]: Words in [s. 788(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/1)
[^c22810291]: Words in [s. 788(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7/a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799001]: Words in [s. 788(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799021]: Words in [s. 788(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799061]: [S. 788(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/2) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23799041]: [S. 788(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/10) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 176](https://www.legislation.gov.uk/ukpga/2006/25/section/176)
[^c21627751]: Source—1970 s.497(9), (10); 1971 sch.6 74; 1972 s.100(1)
[^c21627761]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21627771]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c22810331]: Words in [s. 789(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/21)
[^c23799101]: [S. 789(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 191(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/191/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23799121]: Words in [s. 789(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 191(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/191/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627781]: Source—1970 s.498(1); 1972 s.100(1)
[^c21627791]: Source—1970 s.498(2)
[^c21627801]: Source—1970 s.498(3); 1972 s.100(1)
[^c21627811]: Source—1970 s.498(4); 1971 s.26(3); 1972 s.83(1)-(5)
[^c21627821]: Source—1970 s.498(5), (6); 1972 s.100(1)
[^c22810431]: [S. 790](https://www.legislation.gov.uk/ukpga/1988/1/section/790) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810351]: Words in [s. 790(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3) substituted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/2)
[^c22810391]: Words in [s. 790(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/2)
[^c22810411]: [S. 790(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/3)
[^c22810371]: [S. 790(10A)-(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/10A) inserted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/3)
[^c22894231]: Words in [s. 790(3)(5)(b)(10A)(d)(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3/5/b/10A/d/10C) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799161]: Words in [s. 790(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23799171]: Words in [s. 790(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/11) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627831]: *For regulations see* Part III Vol.5
[^c21627841]: Source—1970 s.517
[^c21627871]: Source—1970 s.500
[^c22894301]: Words in [s. 792(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802251]: [S. 792](https://www.legislation.gov.uk/ukpga/1988/1/section/792) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802231]: [S. 792(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1): words in definition of "foreign tax" inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 115(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/1)
[^c23802281]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627881]: Source—1970 s.501; 1972 s.100 (1).
[^c23802261]: [S. 793(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627891]: Source—1970 s.502; 1982 s.67; 1972 s.100(1).
[^c22894511]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/5)
[^c22894531]: [S. 794(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/c) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/6), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13)
[^c23802331]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802301]: Words in [s. 794(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 103](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/103) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23802321]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21627901]: Source—1970 s.503; 1972 s.100(1); 1987 Sch.15 2(18)
[^c22894551]: [S. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/41) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894601]: Words in [s. 795(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b) renumbered as s. 795(2)(b)(i) (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894571]: [S. 795(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894631]: [S. 795(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/3)
[^c22894671]: Words in [s. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) renumbered as s. 795(4)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c22894651]: [S. 795(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c23802431]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802341]: Words in [s. 795(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1) renumbered as s. 795(1)(a) (22.7.2004) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802361]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) and preceding word inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802421]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 277(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1A) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/6))
[^c23802381]: Words in [s. 795(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/a) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/3)
[^c23802401]: [S. 795(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/5) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/4)
[^c21627911]: Source—1970 s.504
[^c22894701]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (with effect in accordance with [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/12)
[^c23802541]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/2) (with [Sch. 1 para. 193(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/5) (as inserted by [S.I. 2007/3506](https://www.legislation.gov.uk/uksi/2007/3506), [arts. 1](https://www.legislation.gov.uk/uksi/2007/3506/article/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/3506/article/3/5) and as amended by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [4(6)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/b)), Sch. 2)
[^c23802561]: [S. 796(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/3) (with [Sch. 1 para. 193(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/5) (as inserted by [S.I. 2007/3506](https://www.legislation.gov.uk/uksi/2007/3506), [arts. 1](https://www.legislation.gov.uk/uksi/2007/3506/article/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/3506/article/3/5) and as amended by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [4(6)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/b)), Sch. 2)
[^c23802581]: Words in [s. 796(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/3) substituted (6.4.2007 with effect in accordance with [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/1/2)) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/4) (as substituted by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [art. 4(6)(a)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/a)) (with Sch. 2)
[^c21627921]: Source—1970 s.505; 1972 s.100(1), (3); 1984 s.53(1)
[^c21627931]: Source—1972 s.100(4)-(6A); 1984 s.53(1); 1986 s.49; 1987 (No.2) s.77
[^c22894721]: [S. 797(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3A/3B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894771]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/a/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894741]: [S. 797(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894781]: [S. 797(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/4/5) repealed (with effect in accordance with Sch. 3 para. 35(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/35/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22894801]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 54](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/54)
[^c23802601]: Words in [s. 797(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/1) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/2)
[^c23802621]: Words in [s. 797(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/3)
[^c23802641]: [S. 797(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2A) inserted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/4)
[^c23802681]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802661]: Words in [s. 797(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 34(2)
[^c23803041]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803121]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894841]: Word at the end of s. 797A(5)(a) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4)
[^c22894821]: [S. 797A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/c) and preceding word repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894861]: Words at the end of s. 797A(5) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/c/4)
[^c22894901]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/d/4)
[^c22894881]: Words at the end of s. 797A(7) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/e/4)
[^c22894931]: Word in [s. 797A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/a) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/a)
[^c22894951]: Words in [s. 797A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/b) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/b)
[^c23802771]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894991]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/i)
[^c22895011]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/ii)
[^c22895071]: [S. 797A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/b)
[^c22895031]: Word in [s. 797A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/c)
[^c22895101]: Words in [s. 797A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22895051]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/3)
[^c22895141]: Words in [s. 797A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/7) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23803061]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803131]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803081]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803141]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802291]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894471]: Words in [s. 793A(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793A/1/a/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802531]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894501]: Words in [s. 795A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795A/1/b) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802961]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803151]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803281]: [S. 798C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/798C/2) substituted for s. 798C(2) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 194](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/194) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627961]: Source—1970 s.506; 1976 s.50(3)
[^c22895281]: Words in [s. 799(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1) renumbered as s. 799(1)(a) (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895261]: [S. 799(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1/b) and preceding word inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895291]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/3)
[^c22895311]: Word at the end of s. 799(3)(a) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/a)
[^c22895331]: [S. 799(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/b) repealed (with effect in accordance with Sch. 30 para. 8(5)(6) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/b), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895351]: Words in [s. 799(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/c) substituted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/c)
[^c22895371]: [S. 799(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/5) added (with effect in accordance with [Sch. 30 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/2)
[^c22895391]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) substituted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/2)
[^c22895411]: [S. 799(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1B) inserted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/3)
[^c23803451]: [S. 799(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/2A) inserted (with effect in accordance with [s. 85(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/2) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/1)
[^c23803471]: Words in [s. 799(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/6/b) inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/7)
[^c21627981]: Source—1970 s.508; 1971 s.26(2)
[^c22895871]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/a)
[^c22895891]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/b)
[^c22895911]: [S. 801(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/9)
[^c22895931]: [S. 801(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A) inserted (with effect in accordance with [Sch. 30 para. 11(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 11(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/2)
[^c22895971]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) inserted (with effect in accordance with [Sch. 27 para. 3(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/3)
[^c23803591]: Words in [s. 801(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23803671]: Words in [s. 801(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2) substituted (with effect in accordance with [s. 91(8)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/8) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/5)
[^c23803601]: [S. 801(2A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A/aa) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/2)
[^c23803641]: [S. 801(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2B) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/3)
[^c23803691]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) repealed (with effect in accordance with s. 91(8) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/6), [Sch. 11 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/9), Note
[^c23803651]: [S. 801(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/6/7) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/4)
[^c23803741]: [S. 801(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/5A) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 43(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/2)
[^c21628011]: Source—1982 s.66; 1987 (No.2) s.68
[^c22896271]: Words in [s. 803(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/b) inserted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/a)
[^c22896291]: Words in [s. 803(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/c) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/b)
[^c22896311]: [S. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/c)
[^c22896331]: Words in [s. 803(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/3) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/3)
[^c22896591]: [S. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted for s. 803(10)(11) (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/10)
[^c23803891]: Words in [s. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 86(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/a)
[^c23803911]: [S. 803(4)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/4) repealed (with effect in accordance with s. 86(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/b), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/8), Note
[^c23803981]: Words in [s. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 196](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/196) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22896071]: Words in [s. 801A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/1/a) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/11)
[^c22896091]: Words in [s. 801A(2)(7)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/2/7/11) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/12)
[^c23803871]: [S. 801A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 195](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/195) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23804001]: [S. 803A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/803A/1A) inserted (with effect in accordance with [s. 90(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/2)
[^c21628021]: Source—1970 s.510; 1971 Sch.6 75
[^c22897241]: Words in [s. 804(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/1) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897261]: [S. 804(5)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5) substituted for s. 804(5) (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/2) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definition of "overlap profit" inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/a) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897301]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definitions of "non-basis period" and "years of commencement" repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897331]: Words in [s. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8) repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897351]: Words in [s. 804(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/7) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/22)
[^c23804191]: Words in [s. 804(5)(b)(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5/b/5A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804241]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804261]: Words in [s. 804(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5C) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): words in definition of "overlap profit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804301]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 197(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/197/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23804321]: [S. 804(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 197(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/197/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22897371]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c22897391]: [S. 804A(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted for s. 804A(1) (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/2)
[^c22897411]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/3)
[^c22897431]: Words in [s. 804A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/5) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/4)
[^c23804341]: Words in [s. 804A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23804351]: Words in [s. 804A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 48](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/48) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21628041]: *See* s.732(4)—*dealers in securities.*
[^c23805031]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21628051]: Source—1970 s.511; 1972 s.100(1)
[^c21628061]: *See* s.448—*overseas life assurance companies.*
[^c22897581]: [S. 806(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/3) inserted (17.3.1998 with effect in accordance with [s. 107(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 107(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/1)
[^c22897601]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22897611]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23805041]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22897621]: [S. 806(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/1) substituted (with effect in accordance with [Sch. 30 para. 20(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/2)
[^c22897471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30C](https://www.legislation.gov.uk/uksi/1997/473/regulation/30C) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [25](https://www.legislation.gov.uk/uksi/2004/822/regulation/25))
[^c22897211]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23804411]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/a)
[^c23804431]: Words in [s. 804B(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/b) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/b)
[^c23804471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2005/2014/regulation/23) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [22](https://www.legislation.gov.uk/uksi/2007/2134/regulation/22); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2008/1937/regulation/10))
[^c23804451]: [S. 804B(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/7)
[^c23804481]: Words in [s. 804B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/1/a) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804651]: Words in [s. 804B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804501]: [S. 804B(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/3/3A) substituted for s. 804B(3) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804521]: Words in [s. 804B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/5/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804671]: Words in [s. 804B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/5/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804541]: Words in [s. 804B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804691]: Words in [s. 804B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(7)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/7/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804561]: Words in [s. 804B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/6) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(7)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/7/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804591]: Words in [s. 804B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(8)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/8/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804611]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(8)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/8/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804631]: [S. 804B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/9) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/9) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804741]: Words in [s. 804C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/4/5) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/3)
[^c23804771]: [S. 804C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/13) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/4)
[^c23804831]: [S. 804C](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) modified by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(6)-(9)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/6) (as substituted (1.1.2009 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2008/3159/regulation/16))
[^c23804791]: Words in [s. 804C(14)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/14/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 50(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/50/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804811]: Words in [s. 804C(14)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/14/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 50(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/50/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22897551]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30D](https://www.legislation.gov.uk/uksi/1997/473/regulation/30D) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [26](https://www.legislation.gov.uk/uksi/2004/822/regulation/26))
[^c23804881]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2005/2014/regulation/24)
[^c22897221]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23804891]: Words in [s. 804D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804D/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 51(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/51/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804911]: Words in [s. 804D(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804D/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 51(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/51/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22897231]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23804931]: Words in [s. 804E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804E/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 52](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/52) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804951]: [S. 804E(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/804E/3/d) repealed (with effect in accordance with Sch. 11 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/11), Note
[^c23805011]: Words in [s. 804ZA(8)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA/8/c) repealed (with effect in accordance with s. 35(4)-(7) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/2), [Sch. 27 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/6), Note
[^c23804991]: [S. 804ZA(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA/11A) inserted (with effect in accordance with [s. 35(4)-(7)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 35(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/3)
[^c22898011]: Words in [s. 806A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806A/5) added (with effect in accordance with [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/2)
[^c22898031]: [S. 806B(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/3) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/2)
[^c22898051]: Words in [s. 806B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/9) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/3)
[^c23805811]: [S. 806K(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23805821]: [S. 806K(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/2/bb) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23805901]: Words in [s. 806L(1)(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/1/2/4/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23805881]: [S. 806L(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/7) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/3)
[^c23805961]: [S. 806L(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 53](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/53) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23806021]: Words in [s. 806M(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806M/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628081]: Source—1985 Sch.23 37
[^c21628091]: Source—1988 Sch.23 38(1)-(3)
[^c22898151]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 45](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/45) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23806331]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 325](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/325) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23806351]: Words in [s. 807(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806371]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806391]: Words in [s. 807(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806491]: Words in [s. 807(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806421]: Words in [s. 807(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806451]: Words in [s. 807(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806471]: [S. 807(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806511]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628111]: Source—1976 s.50(1)
[^c21628121]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.21](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21)
[^c22899541]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/a)
[^c22899561]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/b)
[^c22899581]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) repealed (with effect in accordance with s. 140(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/c), [Sch. 26 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/18), Note
[^c23806761]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 54](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/54) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21628141]: Source—1973 s.18
[^c23806841]: Words in [s. 809(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 24(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/24/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23806871]: Words in [s. 809(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 199](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/199) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628191]: Source—1970 s.516; 1973 s.40(1); 1987 Sch.15 2(19)
[^c21628212]: [S. 811(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/c) and preceding word repealed (with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(g)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/g/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22899621]: [S. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 47](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/47) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899641]: [S. 811(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/4) inserted (with effect in accordance with [Sch. 30 para. 27(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 27(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/2)
[^c22899661]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22899671]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22899681]: Word preceding s. 811(2)(b) repealed (with effect in accordance with Sch. 27 para. 6(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/a), [Sch. 33 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/8), Note
[^c22899721]: [S. 811(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/d) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/c)
[^c22899761]: Words in [s. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) renumbered as s. 811(3)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c22899741]: [S. 811(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c23806891]: Words in [s. 811(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [s. 115(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/2)
[^c23806911]: Word at the end of s. 811(2)(a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 200(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/200/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806951]: [S. 811(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/b) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 200(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/200/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628221]: Source—1985 s.54(1),(3)
[^c21628231]: Source—1985 s.54(6) Sch.13 5
[^c21628241]: Source—1985 s.54(4),(5)
[^c21628251]: Source—1985 s.54(6) Sch.13 5.
[^c21628261]: Source—1985 s.54(7)(b), Sch.13 5(1)
[^c21628271]: Source—1985 s.54(7)(a)
[^c21628281]: Source—1985 s.54(8)
[^c22899771]: [S. 812(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/4/a) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/2), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22899791]: Words in [s. 812(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/3)
[^c22899821]: Words in [s. 812(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807201]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807221]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807241]: [S. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 201](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/201) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23807301]: Words in [s. 812(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1/b) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/30) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23807261]: Words in [s. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c23807281]: [S. 812(5)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/d) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c21628291]: Source—1985 Sch.13 1
[^c21628301]: *Reproduced in* Part III Vol.5.
[^c21628311]: [S.I. 1973/317](https://www.legislation.gov.uk/uksi/1973/317).
[^c22899851]: [S. 813(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/813/6/b) repealed (with effect in accordance with Sch. 3 para. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/37/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21628321]: Source-1985 Sch. 13 3
[^c23807321]: [S. 814(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23807331]: Words in [s. 814(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1/a) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/31) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c21628331]: Source—1985 Sch.13 4(1)
[^c21628391]: *See* 1979(C) s.10(4)—*application to capital gains tax.* [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/5)
[^c21628401]: Source—1970 s.518; 1972 s.100(1)
[^c21628411]: [S. 816(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/2)
[^c22900281]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) inserted (with effect in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/d)
[^c22900311]: [S. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900331]: Word in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/c)
[^c23807421]: Words in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(a)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/a); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807481]: [S. 816(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/5) added (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(c)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/c); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23808361]: [S. 816(2)(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23807471]: Words in [s. 816(2)(2ZA)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA/2A) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(b)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/b); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23810221]: Words in [s. 816(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 202(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/202/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23810731]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 202(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/202/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806781]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806791]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628351]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)) [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(5)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22900201]: [S. 815A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/2) substituted for s. 815A(2)-(4) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/39)
[^c23807351]: Words in [s. 815A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23807381]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140F(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/4) (as substituted (29.11.2007 with effect in accordance with reg. 3 of the affecting S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2))
[^c23807361]: Words in [s. 815A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/1) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/1)
[^c22898181]: Words in [s. 807A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/2)
[^c22898201]: [S. 807A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2A) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/3)
[^c22898221]: Words in [s. 807A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/3/b) inserted (with effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/4)
[^c22898241]: [S. 807A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/5)
[^c22898291]: Words in [s. 807A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b) renumbered as s. 807A(2)(b)(i) (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898271]: [S. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898301]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/3)
[^c22898331]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898351]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898371]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant payment" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898391]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c23806531]: [S. 807A(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2B) inserted (with effect in accordance with [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/2)
[^c23806571]: [S. 807A(4)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/4/5/b) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(g)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/g), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23806601]: Words in [s. 807A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6/a) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(g)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/g), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23806551]: [S. 807A(6A)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) substituted for s. 807A(6A) (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 4](https://www.legislation.gov.uk/uksi/2007/2483/article/4)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/10)
[^c23806801]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806811]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900221]: Words in [s. 815AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c21628421]: Source—1970 s.519.
[^c21628431]: *See* s.125—*annual payments for non-taxable consideration.*
[^c22800371]: [S. 817(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/b) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c23812231]: Word in [s. 817(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812251]: Words in [s. 817(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812271]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812291]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812331]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812311]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628891]: Source—1975 (No.2) s.47(3)(a)
[^c22801891]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 146, Sch.13 para.7(c)
[^c22801921]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) repealed (on and after 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch.17 Part 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801901]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch.13 para.7(c)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/c)
[^c23813091]: Words in [s. 824(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629221]: *Repealed by* 1989 s.178(7)*and* 187*and* Sch.17 Part X*from* 18*August* 1989 (*see* S.I. [1989 No.1298](https://www.legislation.gov.uk/ukcm/1989/1298)).
[^c21629261]: *See* Table I*in* Vol.1*and see* 1989 s.178*for further regulation making powers and* Part III Vol.5*for regulations.*
[^c21629281]: *And see* Sch.30 para.1(9).
[^c22802181]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802941]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(a) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/a)
[^c22802951]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(b) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/b)
[^c22802961]: Words in [s. 826(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5/b) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/3)
[^c22803451]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/a)
[^c21629551]: Source—1986 s.53.
[^c22803521]: [S. 827(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 7 para. 31](https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/31)
[^c22803541]: Words in [s. 827(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/a)
[^c22803561]: Words in [s. 827(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/a) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/b)
[^c22803581]: Words in [s. 827(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/b/c) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/c)
[^c22803611]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/d)
[^c22803631]: [S. 827(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1A) inserted (1.11.1994 for specified purposes and 1.1.1995 otherwise) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 18(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/18/7), [19(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/1) (with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/3)); [S.I. 1994/2679](https://www.legislation.gov.uk/uksi/1994/2679), [arts. 2](https://www.legislation.gov.uk/uksi/1994/2679/article/2), [3](https://www.legislation.gov.uk/uksi/1994/2679/article/3) (with [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/2679/article/4/3))
[^c22803651]: [S. 827(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 5 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/40)
[^c22803671]: [S. 827(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/4)
[^c22803691]: [S. 827(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1E) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/49/3)
[^c23814871]: [S. 827(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1G) inserted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/6)
[^c23814891]: [S. 827(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1F) inserted (27.11.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 24(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/24/7), [40](https://www.legislation.gov.uk/ukpga/2003/14/section/40); [S.I. 2003/2985](https://www.legislation.gov.uk/uksi/2003/2985), [art. 2](https://www.legislation.gov.uk/uksi/2003/2985/article/2)
[^c23814911]: Words in [s. 827](https://www.legislation.gov.uk/ukpga/1988/1/section/827) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815001]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815021]: [S. 827(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629671]: 1989 s.178(6).
[^c22803721]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/24)
[^c23815061]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815081]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815161]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815181]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815141]: Words in [s. 828(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815261]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815331]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815281]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815301]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815421]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815321]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815431]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815441]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/8)
[^c21629771]: Source—1973 s.38(1), (2)-(4), (6)
[^c21629781]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22803791]: Word in [s. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23816181]: [S. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23816191]: Words in [s. 830(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 335](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/335), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816211]: Words in [s. 830(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 210](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/210), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21630391]: 1970 s.526(5), 527(1); 1971 s.32(1), (1D), Sch.8 16(3); 1976 Sch.4 11; 1972 s.93(6); 1979(C), Sch.7; 1981 s.34(5); 1987 Sch.15 2(20)
[^c21630421]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21630441]: Word in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(54)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/54) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21630491]: 1990 s.127*and* Sch.18 para.5(3)*on and after* 1*April* 1990.*Previously* “ “local authority” and “local authority association” have the meanings given by section 519;”.
[^c21630501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(9)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/9/10/11)
[^c21630511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of “the rate applicable to trusts” inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.15](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/15), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21630531]: Source—1970 s.526(6)
[^c21630541]: Source—1970 s.526(3), (4)
[^c22804321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "recognised clearing system" repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/25), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c22804331]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Schedule A business" inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/28)
[^c22804351]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "additional rate" repealed (with effect in accordance with Sch. 18 Pt. 6(1) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/1)
[^c22804371]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "open-ended investment company", "authorised corporate director", "owner of shares" and "scheme property" inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 14](https://www.legislation.gov.uk/uksi/1997/1154/regulation/14)
[^c22804391]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the Schedule F ordinary rate", "the Schedule F trust rate", and "the Schedule F upper rate" inserted (with effect in accordance with [Sch. 4 para. 22(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/1)
[^c22804431]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked investment income" substituted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/2)
[^c22804491]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked payment" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "group income" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804471]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 118(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/118/10)
[^c22804511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate of advance corporation tax" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/5), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804521]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "surplus of franked investment income" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/6), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804451]: [S. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) inserted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/7)
[^c22804581]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" inserted after the definition of "Schedule A business" (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/b)
[^c22804601]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "capital allowance" substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/a)
[^c22804621]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the Capital Allowances Act" substituted for definition of "the Capital Allowances Acts" (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/b)
[^c22804641]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/2)
[^c22804701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "for accounting purposes" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "generally accepted accounting practice" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "period of account" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c23816661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "permanent establishment" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 148(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/6)
[^c23816741]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "generally accepted accounting practice" substituted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/a)
[^c23816701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "international accounting standards" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "offshore installation" inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/2)
[^c23816721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK generally accepted accounting practice" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816761]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "estate in land" inserted (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2)(c); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23816781]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "overseas property business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816871]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816821]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "Schedule A business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816801]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "tax credit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816891]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816911]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Ulster Savings Certificates" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/g), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816941]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [99](https://www.legislation.gov.uk/uksi/2005/3229/regulation/99)
[^c23816961]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "registered pension scheme" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816981]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "scheme administrator" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23817001]: Words in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817121]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "basic rate" and "basic rate limit" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817141]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "higher rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817161]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "industrial assurance business" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817181]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "interest" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817201]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/f), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817221]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(g)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/g), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817241]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(h)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/h), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817261]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "overseas property business", para. (a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817281]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "overseas property business", words in para. (b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817301]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "preference dividend" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(j)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/j), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817081]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "property investment LLP" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(k)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/k) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate applicable to trusts" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(l)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/l), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817341]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(m)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/m), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817361]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(n)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/n), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817441]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the dividend ordinary rate", "the dividend trust rate" and "the dividend upper rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(q)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/q), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817381]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(o)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/o), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817401]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "tax credit", words in para. (a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(p)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/p), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817421]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "tax credit", para. (b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(p)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/p), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817481]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(r)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/r), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817061]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "unit trust scheme" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(s)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/s) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817101]: [S. 832(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817021]: Words in [s. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817501]: [S. 832(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21630741]: Source—1970 s.527.
[^c22805331]: Words in [s. 834(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/6)
[^c22805371]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "allowable loss" excluded (with effect in accordance with s. 63(4) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 94(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/94/4)
[^c22805351]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definitions of "loan relationship" and "non-trading deficit" inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/49) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22805381]: Words in [s. 834(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/61), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22805421]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "accounting date" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805411]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "charges on income" substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/4)
[^c22805391]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "derivative contract" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/13)
[^c23817821]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "chargeable profits" inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/5)
[^c23817841]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "statutory insolvency arrangement" inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/8)
[^c23817861]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" inserted (with effect in accordance with [s. 69(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 69(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/4)
[^c23817881]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "venture capital trust" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817901]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" substituted (with effect in accordance with [s. 27(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(5)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/5)
[^c21630981]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/a), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 189(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/189/6)
[^c22805691]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21630991]: Source—1970 s.532.
[^c21631011]: Definition in s. 838 modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/2/c), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22805681]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (30.3.1995) by [The Electricity (Class Exemptions from the Requirement for a Licence) (No. 2) Order 1995 (S.I. 1995/909)](https://www.legislation.gov.uk/uksi/1995/909), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/1995/909/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.10.2001) by [The Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 (S.I. 2001/3270)](https://www.legislation.gov.uk/uksi/2001/3270), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/2001/3270/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21631021]: [S. 838(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [Pt. I para. 31(11)](https://www.legislation.gov.uk/ukpga/1993/37/part/I/paragraph/31/11)
[^c23818591]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (1.1.2008 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Scientific Research Organisations Regulations 2007 (S.I. 2007/3426)](https://www.legislation.gov.uk/uksi/2007/3426), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/2/3)
[^c23818611]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (with effect in accordance with s. 93(2) of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 46 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/46/paragraph/18/3/4)
[^c23818581]: Words in [s. 838(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 222](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/222) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818601]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 768(9)](https://www.legislation.gov.uk/ukpga/2009/4/section/768/9) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21631141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 104(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/104/3), [112(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/112/7/b) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [1983 c. 55](https://www.legislation.gov.uk/ukpga/1983/55), [Sch. 4A para. 1(5)](https://www.legislation.gov.uk/ukpga/1983/55/schedule/4A/paragraph/1/5) (as inserted (1.12.1992 for specified purposes and 1.1.1993 otherwise) by Finance No. 2 Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 62; [S.I. 1992/2979](https://www.legislation.gov.uk/uksi/1992/2979), [art. 4](https://www.legislation.gov.uk/uksi/1992/2979/article/4), [Sch. Pt. II](https://www.legislation.gov.uk/uksi/1992/2979/schedule/part/II); [S.I. 1992/3261](https://www.legislation.gov.uk/uksi/1992/3261), [art. 3](https://www.legislation.gov.uk/uksi/1992/3261/article/3),Sch.) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 193(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/193/6)
[^c21631151]: Source—1970 s.533.
[^c21631161]: [S. 839(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (E.W.S.) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 8(9)(b)](https://www.legislation.gov.uk/uksi/1992/58/article/8/9/b), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1992/58/schedule/1/paragraph/3)
[^c21631231]: [1958 c. 45](https://www.legislation.gov.uk/ukpga/1958/45).
[^c21631241]: [1940 c. 9 (N.I.)](https://www.legislation.gov.uk/apni/1940/9)
[^c22805721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 127(19) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 127(17)](https://www.legislation.gov.uk/ukpga/1995/4/section/127/17)
[^c22805731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 15(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/15/7) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 105(1), Sch. 13 para. 8(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/8/3) (with [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6))
[^c22805741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 80B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/80B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 97(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/97/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 88B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/88B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 102(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/102/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2)
[^c22805751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 6A para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/6A/paragraph/1/2) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 22(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/22/3), [24](https://www.legislation.gov.uk/ukpga/1997/16/section/24), [Sch. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/4))
[^c22805761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 9](https://www.legislation.gov.uk/ukpga/1994/23/schedule/9) Group 2 Note (6) (as substituted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 38](https://www.legislation.gov.uk/ukpga/1997/16/section/38)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 10 para. 3A(14)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/10/paragraph/3A/14) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 37(3)-(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/37/3))
[^c22805771]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/25/2)
[^c22805701]: [S. 839(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/3A) substituted for s. 839(3) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/20)
[^c22806611]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 48(11) of the affecting Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 48(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/48/10)
[^c22806621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/10) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/11/paragraph/3/4)
[^c22806631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 97(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/97/2/a)
[^c22806641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (28.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 119(9)(13)](https://www.legislation.gov.uk/ukpga/2000/17/section/119/9/13) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 62 of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 71(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/71/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 102(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/102/3) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/25/2) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22806651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 575(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/1) (with [s. 575(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/2))
[^c22806661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 70(1) of the affecting Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 31(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/31/4) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22806671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2002) by [The Aggregates Levy (General) Regulations 2002 (S.I. 2002/761)](https://www.legislation.gov.uk/uksi/2002/761), [reg. 12(2)](https://www.legislation.gov.uk/uksi/2002/761/regulation/12/2)
[^c22806681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.6.2002) by [The Beer Regulations 1993 (S.I. 1993/1228)](https://www.legislation.gov.uk/uksi/1993/1228), [Sch. 1](https://www.legislation.gov.uk/uksi/1993/1228/schedule/1) (as amended by [The Beer and Excise Warehousing (Amendment) Regulations 2002 (S.I. 2002/1265)](https://www.legislation.gov.uk/uksi/2002/1265), [reg. 2(5)(b)](https://www.legislation.gov.uk/uksi/2002/1265/regulation/2/5/b))
[^c22806721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 55(7) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 55(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/5) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/5) (as inserted (with effect in accordance with [s. 104(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Alcoholic Liquor Duties Act 1979 (c. 4)](https://www.legislation.gov.uk/ukpga/1979/4), [s. 36B(8)](https://www.legislation.gov.uk/ukpga/1979/4/section/36B/8) (as inserted (1.6.2002) [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 4(1)(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/4/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/1/paragraph/2)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 53(1) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 19(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/19/2) (with [Sch. 12 para. 20](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 13 para. 28 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/27/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 37 para. 2(5) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 37 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/37/paragraph/2/4/b)
[^c22806731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 4 para. 4A(3)](https://www.legislation.gov.uk/uksi/2001/1004/schedule/4/paragraph/4A/3) (as inserted (28.11.2002) by The Social Security (Contributions)(Amendment No. 5) Regulations 2002 ([S.I. 2002/2929](https://www.legislation.gov.uk/uksi/2002/2929)), reg. 5)
[^c23818621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 51(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/51/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23818631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 718](https://www.legislation.gov.uk/ukpga/2003/1/section/718) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23818641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003 with effect in accordance with Sch. 19 of the affecting Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 45(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/45/6), [53(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/53/2), [58(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/58/5), [108(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/108/1), [Sch. 4 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1/2), [10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/10/4), [12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/12/2); [S.I. 2003/2899](https://www.legislation.gov.uk/uksi/2003/2899), [art. 2](https://www.legislation.gov.uk/uksi/2003/2899/article/2)
[^c23818651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/26/paragraph/7/3)
[^c23818661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (1.12.2003) by [The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816)](https://www.legislation.gov.uk/uksi/2003/2816), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2816/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2816/schedule/paragraph/3/2) (replacing [S.I. 2003/2760](https://www.legislation.gov.uk/uksi/2003/2760), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2760/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2760/schedule/paragraph/3/2)); and [S.I. 2003/2816](https://www.legislation.gov.uk/uksi/2003/2816) is revoked and replaced by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 paras. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/14), [17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2), [26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26)
[^c23818671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Value Added Tax Regulations 1995 (S.I. 1995/2518)](https://www.legislation.gov.uk/uksi/1995/2518), [reg. 171(7)(8)](https://www.legislation.gov.uk/uksi/1995/2518/regulation/171/7/8) (as inserted (11.12.2003) by [The Value Added Tax (Amendment) (No. 6) Regulations 2003 (S.I. 2003/3220)](https://www.legislation.gov.uk/uksi/2003/3220), [regs. 1(1)(b)](https://www.legislation.gov.uk/uksi/2003/3220/regulation/1/1/b), [23](https://www.legislation.gov.uk/uksi/2003/3220/regulation/23))
[^c23818681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818691]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (with effect in accordance with s. 84(2) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/15/paragraph/2)
[^c23818701]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 45A(10)](https://www.legislation.gov.uk/ukpga/2003/14/section/45A/10) (as inserted (with effect in accordance with [Sch. 39 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/13/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/5/5))
[^c23818711]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 44(11)](https://www.legislation.gov.uk/ukpga/2003/14/section/44/11) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 15(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/15/4))
[^c23818721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2))
[^c23818731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 15 para. 39](https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/39) (as substituted (with effect in accordance with [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 41 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/1))
[^c23818741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (S.I. 2004/1863)](https://www.legislation.gov.uk/uksi/2004/1863), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1863/regulation/1/1/3)
[^c23818751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 (S.I. 2004/1865)](https://www.legislation.gov.uk/uksi/2004/1865), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1865/regulation/1/1/3)
[^c23818761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(5)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/5), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c22806591]: Words in [s. 839(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/8) inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 15](https://www.legislation.gov.uk/uksi/1997/1154/regulation/15)
[^c23818791]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 83(9)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/9)
[^c23818801]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(4)(n)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/4/n), [31(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/31/3), [Sch. 3 para. 12](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/12)
[^c23818811]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91D(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/91D/12) (as inserted (with effect in accordance with [Sch. 7 para. 10(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/4))
[^c23818821]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 17A para. 18A(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/18A/6) (as inserted (with effect in accordance with [Sch. 10 para. 16(5)-(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/16/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/14))
[^c23818831]: Words in [s. 839(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [100](https://www.legislation.gov.uk/uksi/2005/3229/regulation/100)
[^c23819041]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 161(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/161/8), [273(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/273/11), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818941]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 266A(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/266A/7) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818951]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 162(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/162/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/6/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818961]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 172A(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/172A/11), [172B(9)](https://www.legislation.gov.uk/ukpga/2004/12/section/172B/9), [172C(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/172C/7), [172D(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/172D/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 38](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/38), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818971]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 11D(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/11D/5) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 161(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/161/2), [Sch. 23 para. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/23/paragraph/38))
[^c23818981]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Pension Schemes (Reduction in Pension Rates) Regulations 2006 (S.I. 2006/138)](https://www.legislation.gov.uk/uksi/2006/138), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/138/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2006/138/regulation/2/3)
[^c23818991]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Registered Pension Schemes (Provision of Information) Regulations 2006 (S.I. 2006/567)](https://www.legislation.gov.uk/uksi/2006/567), [regs. 1](https://www.legislation.gov.uk/uksi/2006/567/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/567/regulation/2/2)
[^c23819021]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(7)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/7) (as inserted (7.12.2006) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2006 (S.I. 2006/3239)](https://www.legislation.gov.uk/uksi/2006/3239), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3239/regulation/1), [2](https://www.legislation.gov.uk/uksi/2006/3239/regulation/2))
[^c23819031]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (14.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Oil Taxation (Market Value of Oil) Regulations 2006 (S.I. 2006/3313)](https://www.legislation.gov.uk/uksi/2006/3313), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/1/1), [8(4)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/8/4)
[^c23819011]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 34(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/34/4), [53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c23819001]: [S. 839(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (6.4.2006) by [The Registered Pension Schemes (Authorised Surplus Payments) Regulations 2006 (S.I. 2006/574)](https://www.legislation.gov.uk/uksi/2006/574), [regs. 1](https://www.legislation.gov.uk/uksi/2006/574/regulation/1), [2(5)](https://www.legislation.gov.uk/uksi/2006/574/regulation/2/5)
[^c23818921]: Word at the end of s. 839(3)(b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23818881]: [S. 839(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/d/e) substituted for words in s. 839(3) (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23818901]: [S. 839(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/c), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23819091]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (28.12.2007 with effect in accordance with reg. 1 of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [reg. 2(2)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/2/2)
[^c23819101]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2008 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Scientific Research Organisations Regulations 2007 (S.I. 2007/3426)](https://www.legislation.gov.uk/uksi/2007/3426), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/14/4)
[^c23819111]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69J(10)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69J/10/b) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23819121]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22), [Sch. 5 para. 2B(2)](https://www.legislation.gov.uk/ukpga/1975/22/schedule/5/paragraph/2B/2) (as substituted (with effect in accordance with [s. 103(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/103/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/103/1))
[^c23819131]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2E)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2E) (as inserted (with effect in accordance with [Sch. 22 para. 5(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 5(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/1))
[^c23819141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3ZC)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3ZC) (as inserted (with effect in accordance with [Sch. 22 para. 5(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 5(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/2))
[^c23819151]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 91H(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/91H/5), [91I(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/91I/6) (as inserted (with effect in accordance with [Sch. 22 para. 17(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/17/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/17/1))
[^c23819161]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 94B(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/94B/10) (as inserted (with effect in accordance with [Sch. 22 para. 18(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/18/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 18(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/18/1))
[^c23819171]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 34(7)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/34/7)
[^c23819181]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14C(10)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14C/10/b) (as inserted (1.1.2009 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11))
[^c23819191]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1316(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1316/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23819201]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Betting and Gaming Duties Act 1981 (c. 63)](https://www.legislation.gov.uk/ukpga/1981/63), [s. 21(7)](https://www.legislation.gov.uk/ukpga/1981/63/section/21/7) (as inserted (1.6.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 22(6)(12)](https://www.legislation.gov.uk/ukpga/2009/10/section/22/6/12))
[^c23819211]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 9 paras. 5(2B)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/5/2B), [7(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/7/9) (as inserted (with effect in accordance with [s. 81(8)](https://www.legislation.gov.uk/ukpga/2009/10/section/81/8) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 81(6)(b)(7)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/81/6/b/7/b))
[^c23819221]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 3 para. 11 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/3/paragraph/8)
[^c23819231]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [76(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/76/3/b), [82(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/82/3/b) (with [regs. 119](https://www.legislation.gov.uk/uksi/2009/3001/regulation/119), [122](https://www.legislation.gov.uk/uksi/2009/3001/regulation/122), [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1))
[^c23819051]: Words in [s. 839(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 223(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/223/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819071]: [S. 839(3B)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B/b/i/ii) substituted for words in s. 839(3B)(b) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 223(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/223/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806791]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/87/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/67/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s.77(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/77/6) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 22 para. 17(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/17/6/a/ii) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/8/9) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.2.2001) by [Trustee Act 2000 (c. 29)](https://www.legislation.gov.uk/ukpga/2000/29), [ss. 19(3)](https://www.legislation.gov.uk/ukpga/2000/29/section/19/3), [42(2)](https://www.legislation.gov.uk/ukpga/2000/29/section/42/2); [S.I. 2001/49](https://www.legislation.gov.uk/uksi/2001/49), [art. 2](https://www.legislation.gov.uk/uksi/2001/49/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.7.2002) by [Trustee Act (Northern Ireland) 2001 (c. 14)](https://www.legislation.gov.uk/nia/2001/14), [ss. 19(3)](https://www.legislation.gov.uk/nia/2001/14/section/19/3), [45(1)](https://www.legislation.gov.uk/nia/2001/14/section/45/1); [S.R. 2002/253](https://www.legislation.gov.uk/nisr/2002/253), [art. 2](https://www.legislation.gov.uk/nisr/2002/253/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5AA para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/4/3) (as inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3))
[^c23819241]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/14/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23819251]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied and extended (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 69](https://www.legislation.gov.uk/ukpga/2003/1/section/69), [719](https://www.legislation.gov.uk/ukpga/2003/1/section/719) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23819261]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 65(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/65/3)
[^c23819271]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(6)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/6), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c21631261]: Source—1970 s.534
[^c23819301]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 73AB(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/73AB/4) (as inserted (with effect in accordance with [s. 155(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/155/4) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 155(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/155/3))
[^c23819311]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1316(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/1316/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23819281]: Words in [s. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 224](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/224) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819441]: [S. 841](https://www.legislation.gov.uk/ukpga/1988/1/section/841) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/2)
[^c21631371]: Source—1970 s.359; 1973 s.54; 1979(C) Sch.7.
[^c21631381]: 1988(F) s.117(1)(a)*for accounting periods ending after* 5*th April* 1988.
[^c21631391]: 1988(F) s.117(1)(b)*for accounting periods ending after* 5*th April* 1988.*Previously* “that the shares or securities of the company are quoted on the Stock Exchange and”.
[^c21631401]: 1988(F) s.117(1)(c)*for accounting periods ending after* 5*th April* 1988.
[^c21631411]: 1990 s.55*in relation to accounting periods ending on or after* 26*July* 1990.
[^c21631421]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(55)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/55) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22806941]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c22806991]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/3)
[^c22807021]: [S. 842(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1A/a) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 2 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/2/paragraph/12/2)
[^c22807031]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/a)
[^c22807051]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/b)
[^c22807071]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/a)
[^c22807091]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/b)
[^c22807111]: [S. 842(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AB) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/4)
[^c22807141]: Words in [s. 842(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3/c) repealed (with effect in accordance with Sch. 9 paras. 7, 8 of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2), Note
[^c22807131]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) added (with effect in accordance with Sch. 9 paras. 7, 8(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^c23819461]: [S. 842(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AC) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/4)
[^c23819481]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819501]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819521]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/c), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819541]: Words in [s. 842(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 228](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/228) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819581]: Words in [s. 842(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/c) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/9)
[^c23819561]: [S. 842(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3A) inserted (with effect in accordance with [s. 57(7)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/3)
[^c21631491]: [S. 842A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/a) substituted (1.4.1993) by [Local Government Finance Act 1992 (c. 14)](https://www.legislation.gov.uk/ukpga/1992/14), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1992/14/section/117/1), [Sch. 13 para. 57](https://www.legislation.gov.uk/ukpga/1992/14/schedule/13/paragraph/57) (with [s. 118(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1992/14/section/118/1/2/4)); [S.I. 1992/2454](https://www.legislation.gov.uk/uksi/1992/2454), [art. 3(1)(a)](https://www.legislation.gov.uk/uksi/1992/2454/article/3/1/a)
[^c21631501]: [1988 c. 41](https://www.legislation.gov.uk/ukpga/1988/41).
[^c21631531]: [1973 c. 65](https://www.legislation.gov.uk/ukpga/1973/65).
[^c22807361]: [S. 842A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/h) inserted (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 144](https://www.legislation.gov.uk/ukpga/1995/4/section/144)
[^c22807381]: [1992 c. 19](https://www.legislation.gov.uk/ukpga/1992/19).
[^c22807391]: [S. 842A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/e) repealed (1.4.1995) by [Police and Magistrates' Courts Act 1994 (c. 29)](https://www.legislation.gov.uk/ukpga/1994/29), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1994/29/section/94/1), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/29/schedule/9/part/1); [S.I. 1994/3262](https://www.legislation.gov.uk/uksi/1994/3262), [art. 4](https://www.legislation.gov.uk/uksi/1994/3262/article/4), [Sch.](https://www.legislation.gov.uk/uksi/1994/3262/schedule)
[^c22807401]: [S. 842A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/a) substituted (1.4.1996) for s. 842A(3)(a)-(c) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(a)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/a); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807421]: Words in [s. 842A(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/e) substituted (1.4.1996) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(b)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/b); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807441]: Words in [s. 842A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(a)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/a); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807461]: Words in [s. 842A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/b) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(b)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/b); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807481]: Words in [s. 842A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/c) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(c)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/c); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807501]: Words in [s. 842A(1)(a)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a/b/c) repealed (1.4.2002) by [Criminal Justice and Police Act 2001 (c. 16)](https://www.legislation.gov.uk/ukpga/2001/16), [s. 138(2)](https://www.legislation.gov.uk/ukpga/2001/16/section/138/2), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2001/16/schedule/6/paragraph/71), [Sch. 7 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2001/16/schedule/7/part/5/1); [S.I. 2002/344](https://www.legislation.gov.uk/uksi/2002/344), [art. 3(k)(m)](https://www.legislation.gov.uk/uksi/2002/344/article/3/k/m)
[^c23819681]: [S. 842A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/f) substituted (E.W.) (1.10.2004 for E. and 10.11.2004 for W.) by [Fire and Rescue Services Act 2004 (c. 21)](https://www.legislation.gov.uk/ukpga/2004/21), [s. 61](https://www.legislation.gov.uk/ukpga/2004/21/section/61), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2004/21/schedule/1/paragraph/64); [S.I. 2004/2304](https://www.legislation.gov.uk/uksi/2004/2304), [art. 2](https://www.legislation.gov.uk/uksi/2004/2304/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2304/article/3)); [S.I. 2004/2917](https://www.legislation.gov.uk/uksi/2004/2917), [art. 2](https://www.legislation.gov.uk/uksi/2004/2917/article/2)
[^c23819701]: Words in [s. 842A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 230](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/230) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806801]: [S. 840A(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/c) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/2)
[^c22806851]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c22806861]: [S.I. 1985/1205 (N.I. 12)](https://www.legislation.gov.uk/nisi/1985/1205).
[^c22806821]: [S. 840A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/3)
[^c22806871]: [S. 840A(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/ii) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/2)
[^c22806891]: [1974 c. 46](https://www.legislation.gov.uk/ukpga/1974/46).
[^c22806901]: [1992 c. 40](https://www.legislation.gov.uk/ukpga/1992/40).
[^c23819321]: Words in [s. 840A(1)(b)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/iv) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/36) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23819341]: Words in [s. 840A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 226(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/226/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819361]: [S. 840A(1)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/ca) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 226(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/226/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805651]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22805661]: [S. 837A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/5) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23818481]: Words in [s. 837A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818501]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818521]: [S. 837A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2A/2B) substituted for s. 837A(3)(4) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805601]: [1998 c. 17](https://www.legislation.gov.uk/ukpga/1998/17).
[^c23818541]: Words in [s. 837B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/837B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/220) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22807511]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23819791]: Words in [s. 842B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819811]: [S. 842B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/1/a) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819831]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818561]: Words in [s. 837C(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837C/1/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/221) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21631581]: Source—1970 Sch.2
[^c21631591]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21631621]: Source—1970 Sch.5 1; 1971 Sch.6 80
[^c21631631]: *See* s.656 *ante—purchased life annuities.*
[^c22720871]: Word in [Sch. 3 para. 1(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/1/c) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/a)
[^c21631641]: Source—1970 Sch.5 2-5
[^c21631651]: [1870 c. 71](https://www.legislation.gov.uk/ukpga/1870/71).
[^c21631661]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631671]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631721]: Source—1970 Sch.5 6(a)(b)
[^c21631731]: [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6/2) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631851]: [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/7) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631881]: [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/8) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631901]: [Sch. 3 para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/9) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631921]: [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/10) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631941]: Source—1970 Sch.5 11-13.
[^c21631951]: Words in [Sch. 3 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/11) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631961]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(5)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/a), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631971]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(5)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/b), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631981]: Source—1970 Sch.5 6(c), 14
[^c21631691]: [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21631751]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631761]: Words in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/1), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631771]: [Sch. 3 para. 6A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/2A) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/2), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631781]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/3), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21853201]: Word in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/i)
[^c21853221]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) ceases to have effect (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/ii)
[^c21631791]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631801]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631811]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631821]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21853541]: [Sch. 3 para. 6E(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6E/1/3) repealed (with effect in accordance with [s. 103(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/103/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/11), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21631831]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631991]: [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21632011]: Source—1970 Sch.12 Pt.III 6; 1987 Sch.15 2(23)
[^c21632021]: [Sch. 3 para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/15/2) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21846671]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846691]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846701]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846721]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847081]: [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/19/2)
[^c21846741]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846751]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846771]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846781]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846801]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846821]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846841]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632641]: 1989 s. 93*and* Sch. 10 para. 5.
[^c21846851]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846891]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846911]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846931]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632731]: 1989 s.93*and* Sch.10 para.7.
[^c21846951]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846971]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846991]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847011]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847031]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847051]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632821]: 1990 s.56*and* Sch.10 paras.26(3), 29(4)*on and after* 9*June* 1989.
[^c21847071]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632651]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 4 paras.3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/5)
[^c21632661]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c21846871]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632831]: Source—1970 Sch.6; 1973 s.35; 1984 s.48(6)-(9)
[^c21853311]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389811]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389831]: Word in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827391]: Words in [Sch. 5 para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/1)
[^c21827411]: [Sch. 5 para. 2(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/4/a) substituted for para. 2(4)(a)(b) (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/2)
[^c21827431]: [Sch. 5 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/5/6) inserted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/3)
[^c21861361]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23389851]: Words in [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389871]: [Sch. 5 para. 2(3)(a)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3/a/4/a/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389911]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definitions of "commencement year" and "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853331]: Words in [Sch. 5 para. 3(1)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1/4/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389941]: Words in [Sch. 5 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389961]: Words in [Sch. 5 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389981]: Words in [Sch. 5 para. 3(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/9/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390001]: Words in [Sch. 5 para. 3(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390021]: Words in [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(5)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/5/a/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853351]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390041]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827451]: [Sch. 5 para. 6(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/4)
[^c21861381]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23390061]: Word in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390081]: Words in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390101]: [Sch. 5 para. 6(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2/a/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390131]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853361]: Words in [Sch. 5 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853381]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390151]: Words in [Sch. 5 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390261]: Word in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390221]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21858781]: Words in [Sch. 5 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/9/4) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 76(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/76/2/3)
[^c23390311]: Words in [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/11) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21633101]: [Sch. 6 Pt. I](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/part/I) substituted (27.7.1993 with effect for the year 1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 70(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/70/1/2)
[^c21632971]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21632981]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777951]: Words in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/6) substituted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/3)
[^c21632991]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633001]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633011]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633021]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633031]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21873101]: [Sch. 6 para. 9(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/9/c) restricted (6.4.1994 with effect in accordance with reg. 4(2) of the 1994 affecting S.R.) by [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 10(6)(a)](https://www.legislation.gov.uk/ukpga/1992/7/section/10/6/a) (as substituted by [The Social Security (Contributions) (Miscellaneous Amendments) Regulations (Northern Ireland) 1994 (S.R. 1994/94)](https://www.legislation.gov.uk/nisr/1994/94), [reg. 4(1)](https://www.legislation.gov.uk/nisr/1994/94/regulation/4/1))
[^c21633041]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633051]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777971]: Words in [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/10) inserted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/4)
[^c22777921]: [1988 c. 52](https://www.legislation.gov.uk/ukpga/1988/52).
[^c22777931]: [S.I. 1981/154 (N.I. 1)](https://www.legislation.gov.uk/nisi/1981/154).
[^c21633471]: Source—1976 Sch.8 1(1)
[^c21633481]: Source—1976 Sch.8 2
[^c21633491]: Source—1976 Sch.8 3
[^c21633501]: Source—1976 Sch.8 1(2)
[^c21873541]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) substituted (with effect in accordance with [s. 88(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a)
[^c21873531]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with [s. 88(5)(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/5/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22194401]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/41), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c21633511]: Source—1976 Sch.8 4
[^c21633531]: Source—1976 Sch.8 5, 6, 7
[^c21633541]: Words in [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/1) added (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/1)
[^c21633551]: [Sch. 7 paras. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/2/3) repealed (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21881821]: [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4) renumbered as para. 4(1) (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c21881841]: [Sch. 7 para. 4(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4/2) inserted (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c22172431]: Words in [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/a) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/a)
[^c22172451]: Words in [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/b) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/b)
[^c22172471]: [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/2) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3)
[^c21633581]: [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/6) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21633591]: Source—1976 Sch.8 9, 10, 11
[^c21633611]: Source—1976 Sch.8 12-14; 1983 (No.2) s.4
[^c21633621]: Words in [Sch. 7 para. 10(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/10/1/2) repealed (27.7.1993 with effect as mentioned in [s. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/1)
[^c21633641]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873561]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633661]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633671]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633681]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/4), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633691]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by Finance Act [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), SIF 63:1), s. 27(6), Sch. 6 para.5
[^c21633701]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873571]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633751]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633761]: Words in [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/19/1) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21633771]: Words in definition of “excess liability” in Sch. 7 para. 19(1) substituted (with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21873581]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22777991]: Words in [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/1) repealed (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/2), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c22778051]: Words in [Sch. 8 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/2) substituted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/2)
[^c22778011]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/3)
[^c22778091]: Word in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) repealed (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5), Note 6
[^c22778071]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3)
[^c22778031]: [Sch. 8 para. 7(4)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/4) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/4)
[^c22778111]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 5 para. 16(6)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/16/6)
[^c22778121]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 35(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/35/4)
[^c22778131]: [Sch. 8 para. 8(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/8/a) repealed (with effect in accordance with s. 137(6) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/1), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21633901]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(2)(a)*and* 17 Part IV.
[^c21633911]: 1989 s.61*and* Sch.4 para.10(2)(b)(i).
[^c21633921]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(1), (2)(a)*and* 17 Part IV.
[^c21633941]: 1989 s.61*and* Sch.4 para.10(2)(b)(ii).*Previously* “the base year referred to in sub-paragraph (3) above”.
[^c21633951]: 1989 s.61*and* Sch.4 para.10(2)(b)(iii).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit”.
[^c21633961]: 1989 s.61*and* Sch.4 para.10(2)(b)(iv).*Previously* “(6) The references in this paragraph to the standard pay of the employment unit are references to the amount which the scheme employer, at the time when he applies for registration of the scheme, reasonably estimates will be the annual equivalent of the pay, at the beginning of the profit period or first profit period, of the employees to whom the scheme will then relate; and for this purpose an estimate shall (in the absence of evidence to the contrary) be taken to be a reasonable one if it is based on the most recent information available to the employer as to the monthly or annual pay of the relevant employees.”.
[^c21633971]: 1989 s.61*and* Sch.4 para.11.
[^c21633981]: *Repealed by* 1989 ss.61*and* 187, Schs.4 para.10(1)*and* 17 Part IV.
[^c21633991]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634001]: 1989 s.61*and* Sch.4 para.10(2)(c).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit.”.
[^c21634011]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634021]: 1989 s.61*and* Sch.4 para.13.
[^c21634031]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634041]: 1989 s.61*and* Sch.4 para.14(2).
[^c21634051]: 1989 s.61*and* Sch.4 para.14(3).*Previously* “(f) profit-related pay payable under the scheme;”.
[^c21634061]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634071]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21882051]: [Sch. 8 para. 19(6)(g)-(k)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/g) repealed (with effect in accordance with s. 136(5)-(11) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/2), [Sch. 29 Pt. 8(19)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/19), Note
[^c21882091]: [Sch. 8 para. 19(6)(l)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/l) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/3)
[^c21882111]: [Sch. 8 para. 19(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6A) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/4)
[^c22778141]: Words in [Sch. 8 para. 19(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/5/b) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/a)
[^c22778161]: [Sch. 8 para. 19(6)(fg)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/fg) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/b)
[^c21634081]: 1989 s.61*and* Sch.4 para.15.
[^c21634401]: Source—1980 Sch.10 5(b)
[^c21634411]: Source—1980 Sch.10 24
[^c21634421]: Source—1980 Sch.10 6
[^c21634431]: Source—1980 Sch.10 7
[^c21634461]: Source—1980 Sch.10 8; 1986 s.23(3)
[^c21634481]: Words in [Sch. 9 para. 19(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c22194801]: Words in [Sch. 9 para. 19(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/a)
[^c21634501]: Source—1980 Sch.10 9
[^c21634511]: Words in [Sch. 9 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/20) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c21634521]: Source—1980 Sch.10 10; 1986 s.25(4), (8), (9)
[^c21634531]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21634541]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c22172601]: Word in [Sch. 9 para. 21(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 2
[^c22172611]: [Sch. 9 para. 21(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1/f) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1)
[^c22172631]: [Sch. 9 para. 21(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/2)
[^c21634551]: Source—1980 Sch.10 11
[^c21634561]: Source—1980 Sch.10 12; 1986 s.25(5)
[^c21634641]: Source—1980 Sch.10 13(1)
[^c21634651]: Source—1980 Sch.10 13(2), (3); 1984 s.39(5)
[^c21634661]: Figure in Sch. 9 para. 24(2)(a) substituted (01.09.1991) by virtue of [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/40/1); [S.I. 1991/1741](https://www.legislation.gov.uk/uksi/1991/1741), [art.2](https://www.legislation.gov.uk/uksi/1991/1741/article/2).
[^c21634671]: Source—1980 Sch.10 14
[^c21634681]: 1989 s.62(3).*Previously* “90 per cent.”.
[^c21634691]: Source—1980 Sch.10 20; 1984 s.39(6); 1986 s.25(7)
[^c21634701]: Source—1980 Sch.10 21; 1986 s.25(6)
[^c21884141]: Words in [Sch. 9 para. 26(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/1/a) substituted (with effect in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/2)
[^c22172651]: Words in [Sch. 9 para. 26(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/3) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/3)
[^c21634711]: Source—1984 Sch.10 4(1)(a), (2)
[^c21634721]: Source—1984 Sch.10, 12
[^c21634731]: Source—1984 Sch. 10 15(1)
[^c21884161]: Words in [Sch. 9 para. 27(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/27/4) repealed (with effect in accordance with s. 137(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/3), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21634741]: Source—1984 Sch. 10 5
[^c22172671]: Words in [Sch. 9 para. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/a)
[^c22180711]: [Sch. 9 para. 28(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/2/4) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/b), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22181421]: [Sch. 9 para. 28(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/3) applied (with effect in accordance with Sch. 16 para. 1 of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/2/2)
[^c21634761]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) substituted (1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 39(1)(7)](https://www.legislation.gov.uk/ukpga/1991/31/section/39/1/7)
[^c22180741]: [Sch. 9 para. 29(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/1) substituted for para. 29(1)-(6) (with effect in accordance with [s. 114(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/3)
[^c22194581]: [Sch. 9 para. 29(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/8) repealed (with effect in accordance with s. 114(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22210601]: Words in [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21635981]: Source—1977 Sch.7 4(1), (2), (5)
[^c21635991]: 1989 s.42(5)*for* 1989-90*and subsequent years of assessment. Previously* “emoluments from the relevant employment in respect of which such a deduction is allowed for the year of assessment”.
[^c22194411]: Words in [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 42](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/42), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22210611]: Words in [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21636021]: Source—1977 Sch.7 1(2), (3), (4)
[^c22210621]: Words in [Sch. 12 para. 3(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/1/3) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210671]: Words in [Sch. 12 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/a) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/i)
[^c22210681]: Words in [Sch. 12 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/ii)
[^c22217711]: [Sch. 12 para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2A) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21636061]: Source—1977 Sch.7 6-8
[^c21636071]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22210651]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210701]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/i)
[^c22210721]: Words in [Sch. 12 para. 5(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5/a/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/ii)
[^c22210661]: Words in [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/6) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22217791]: [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/7) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21635961]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c21635971]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c22210591]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22245981]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 15](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/15)
[^c21636121]: *See* s.250—*returns in connection with stock dividends.*
[^c21892291]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21868081]: [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/2)
[^c21868101]: [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/3)
[^c22733991]: [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/b) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734011]: Words in [Sch. 13 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/c) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22733971]: Words in [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/c), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734031]: Words in [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734071]: [Sch. 13 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4/b) and preceding word repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21636141]: *For rates of corporation tax see* Tables K*and* L*in* Vol.1.
[^c21868121]: [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/4)
[^c21868141]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/5)
[^c21892311]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21890981]: Words in [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2) renumbered as para. 2(2)(a) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c21891001]: [Sch. 13 para. 2(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2/b/c) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c22734211]: Words in [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 6 para. 16(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/13) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/i)
[^c22734231]: [Sch. 13 para. 2(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1/d) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734251]: Words in [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/2)
[^c22734271]: [Sch. 13 para. 2(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4A) inserted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/3)
[^c22734301]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868161]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/a)
[^c21868181]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/b)
[^c21892321]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891021]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/a)
[^c21891041]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/b)
[^c22734321]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734341]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/b), [Sch 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868221]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/8)
[^c22734381]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734401]: [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/3) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/4)
[^c21891121]: Words in [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/5) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/5)
[^c21868301]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(11)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/11)
[^c21891161]: [Sch. 13 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/2)
[^c21891181]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/3)
[^c21891201]: [Sch. 13 para. 7(3A)(4)(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3A/4/4A/4B) substituted for para. 7(4) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/4)
[^c22734461]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para 16(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/10), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892331]: [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891241]: Words in [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/9)
[^c21892341]: [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636151]: 1989 s.149(3)(c)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 39”.
[^c22778541]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22778551]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734421]: [Sch. 14 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/4A) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/8), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734441]: [Sch. 13 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/6A) repealed (with effect in accordance with Sch. 6 para 16(13) of the repealing Act) by [Finance Act (No. 2) 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/9), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734521]: [Sch 13 para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/9A) repealed (with effect in accordance with Sch. 6 para. 16(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/11), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892361]: [Sch. 13 para. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7A) applied (with modifications) (1.7.1997 with effect in accordance with reg. 6(2) of the amending instrument the appointed day being 1.7.1997 ([S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173) art. 2)) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636161]: Source—1976 Sch.4 8, 9, 10
[^c23403061]: Words in [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/a)
[^c23403041]: [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/b)
[^c23403171]: Words in [Sch. 14 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21636791]: Source—1970 s.337(1)(b); 1985 s.41(7)(a)
[^c21636951]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343)(N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is a member of a recognised body.*
[^c22783731]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) restricted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(1)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/1/9) (with [s. 55(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2/3)) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1))
[^c21637061]: Source—1975 Sch.2 1; 1987 Sch.15 7
[^c21637071]: Source—1970 Sch.1 11(1); 1975 Sch.2 2(1); 1976 s.33(1); 1978 Sch.3 13(1)(a), (b)
[^c21637081]: Source—1970 Sch.1 11(2); 1975 Sch.2 2(2); 1976 s.33(2); 1978 Sch.3 13(1)(b)
[^c21637091]: Source—1970 Sch.1 11(3)
[^c23820761]: [Sch. 15 para. 22(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22/3/c) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(3)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/3/4/6)
[^c23821161]: Words in [Sch. 15 para. 25(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637181]: [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/2/2/a) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1)
[^c22737481]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(a)
[^c22737521]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(b)
[^c22737621]: Words in [Sch. 16 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/1) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/a), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c22737641]: [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/3) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/b), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c21637211]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/4/1/2)
[^c22737541]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(1)(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/1/7) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21637221]: *See* s.341—*payments of interest between related companies.*
[^c22737701]: Words in [Sch. 16 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/6/5) substituted (S.) (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp17), s. 64(2), sch. 3 para. 19
[^c22737581]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/13)
[^c22737661]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/a)
[^c22737681]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/b)
[^c21637231]: 1989 s.149(3)(d)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 37”.
[^c21637241]: Source—1987 (No.2) Sch.4
[^c22742631]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637391]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to (9)” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637401]: 1989 s.101(2)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities;”.
[^c22744671]: [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5) applied (with modifications) (1.5.1995) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4))
[^c21637411]: 1989 s.101(3)*from* 27*July* 1989;*from* 14*March* *for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(a) which does not carry any right either to conversion into shares or securities of any other description or to the acquisition of additional shares or securities;”.
[^c21637421]: 1989 s.101(4)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.
[^c21637431]: [Sch. 18 para. 1(5E)-(5I)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E) inserted (1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 77(1)-(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/77/1)
[^c21637471]: *See* s.291(6)—para.1*applied for purposes of business expansion scheme.*
[^c22746131]: Word in [Sch. 18 para 1(5C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5C/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(k)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/k)
[^c22750151]: Words in [Sch. 18 para. 1(3)(d)(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/3/d/5/c) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/2) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750181]: Words in [Sch. 18 para. 1(5E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/a) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/a)
[^c22750201]: Words in [Sch. 18 para. 1(5E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/b) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) (by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/b)
[^c22750221]: Words in [Sch. 18 para 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/68/2) of the amending Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 6](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/6)
[^c22751751]: Words in [Sch. 18 para. 1(6)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/i/ii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751781]: Words in [Sch. 18 para. 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22742651]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637481]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750241]: [Sch. 18 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1A) inserted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/3) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22742661]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637491]: *See* 1990 s.32(13)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637501]: *See* s.291(6)—para.3*applied for purposes of business expansion scheme.*
[^c22742671]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637511]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637521]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750261]: [Sch. 18 para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/5) inserted (with effect in accordance with [Sch. 27 para 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/4) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637531]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742771]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637601]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750681]: Words in [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/6) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637621]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22742781]: Words in [Sch. 18 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/b)
[^c21637631]: *See* 1990 s.32(12)(d). Para 7(1)(b)*omitted where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c23821911]: Words in [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/3)
[^c23821931]: [Sch. 18 para. 7(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1A) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/4)
[^c21637281]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (E.W.S) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 35(5)](https://www.legislation.gov.uk/uksi/1992/58/article/35/5) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/8), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 228(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21637291]: Source—1973 Sch. 12 Pt. I; 1973 s. 32(6); 1987 Sch. 15 5
[^c21637301]: *See*—s.240(13)—*application of* Sch.18*for purposes of* s.240—*set-off of surplus ACT.*[s.247(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/9A)—*application of* Sch.18*for purposes of.*[s.247(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/8A), (9)(c)—*dividends etc. paid by one member of a group to another.*[s.769(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6C)—*application of* Sch.18*for purposes of.*[s.769(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6B)—*rules for ascertaining change in ownership of company.*1990 s.32(12)—*application of* Sch.18*for relief for disposal of shares to employee share ownership trusts.*
[^c21637541]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742691]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22743281]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/2)
[^c22742841]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22744711]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(2)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/2)
[^c22744731]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/2)
[^c22746171]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21637551]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c23821851]: Words in [Sch. 18 para. 5B(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821871]: [Sch. 18 para. 5B(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21637561]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742711]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637571]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742731]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637581]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742751]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22750941]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied by [Finance Act 1930 (c. 28)](https://www.legislation.gov.uk/ukpga/1930/28), [s. 42(5)](https://www.legislation.gov.uk/ukpga/1930/28/section/42/5) (as added (with effect in accordance with s. 123(7) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 123(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/123/6))
[^c22750971]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 98(2) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 28 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/28/paragraph/5/4)
[^c22752471]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 7AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8/2) (as inserted (with application in accordance with s. 44(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1))
[^c22752491]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 53](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/53)
[^c23821811]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 31 of the affecting Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 3 para. 10(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/10/5)
[^c23821821]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 15(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/15/5/6)
[^c23821831]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23821841]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 772](https://www.legislation.gov.uk/ukpga/2009/4/section/772) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23821891]: Words in [Sch. 18 para. 5F(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5F/1/b) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/2)
[^c21637641]: Source—1972 Sch. 16 8(1); 1980 Sch. 9 1
[^c21637651]: *See*—1976(D) s.34 and Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.1988 s.127—*enterprise allowance.*
[^c21637661]: Source—1972 Sch. 16 8(2)
[^c21637671]: Source—1972 Sch.16 8(3)-(5); 1978 Sch.5 1
[^c21637681]: Source—1972 Sch.16 9(1)
[^c21637691]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637701]: Source—1972 Sch.16 9(2); 1980 Sch.9 2
[^c21637721]: Source—1972 Sch.16 9(3); 1978 s.35(1)]
[^c21637731]: Source—1972 Sch.16 9(4); 1978 s.35(2)]
[^c21637741]: Source—1972 Sch.16 9(5), (6)
[^c21637751]: Source—1972 Sch.16 10(1); 1975 (No.2) Sch.8 4
[^c21637761]: Source—1982 s.56(1)
[^c21637771]: Source—1972 Sch.16 10(1)
[^c21637781]: Source—1972 Sch.16 10A; 1973 Sch.9 3
[^c21637791]: Source—1972 Sch.16 10(2); 1980 Sch.9 3
[^c21637801]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637811]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637821]: Source—1972 Sch.16 10(3); 1978 s.35(3); 1980 s.44(2)
[^c21637831]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637841]: Source—1972 Sch.16 10(4), (4A); 1980 Sch.9 4
[^c21637851]: Source—1972 Sch.16 10(5); 1980 Sch.9 5
[^c21637861]: Source—1972 Sch.16 10(6)
[^c21637871]: Source—1972 Sch.16 10(7)
[^c21637881]: Source—[1972 Sch.16 10(8)(a)]
[^c21637891]: Source—[1972 Sch.16 10(8)(b), (c); 1985 Sch.25 9]
[^c21637901]: Source—[1972 Sch.16 10(9); 1980 Sch.9 6; 1987 Sch.15 4]
[^c21637911]: Source—[1972 Sch.16 11]
[^c21637921]: *See* 1974 s.44(4)*and* Sch.7 para.4(2)—*development gains.*
[^c21637931]: *See*—s.623(2)—*definition of “investment income” applied for purposes of retirement annuities.*[s.745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4)—*definition of “trading company” applied for purpose of* Ch.III Part XVIII (*transfer of assets abroad*).
[^c21637941]: Source—[1972 Sch.16 12(1); 1973 Sch.9 4(2), (4)]
[^c21637951]: Source—[1972 Sch.16 12(2)]
[^c21637961]: Source—[1972 Sch.16 12(2A); 1973 Sch.9 4(3)]
[^c21637971]: Source—[1972 Sch.16 12(2B); 1982 s.56(2)]
[^c21637981]: Source—[1972 Sch.16 12(3)]
[^c21637991]: Source—[1972 Sch.16 12A; 1978 Sch.5 2]
[^c21638001]: Source—[1972 Sch.16 13(1); 1980 Sch.9 7]
[^c21638011]: *See* 1976(D) s.34*and* Sch.6 para.9(8)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21638021]: Source—[1972 Sch.16 13(2)]
[^c21638031]: Source—[1972 Sch.16 13(3)]
[^c21638041]: [Sch.7 para.36(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/8) Copyright, Designs and Patents Act 1988*from* 1*August* 1989—*commencement order* S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816) (*not reproduced*).*Previously* “*tangible property or of copyright in a literary, dramatic, musical or artistic work within the meaning of the Copyright Act* 1956 (*or any corresponding right under the law of a country to which that Act does not extend*)”.
[^c21638051]: Source—[1956 c. 74](https://www.legislation.gov.uk/ukpga/1956/74).
[^c21638061]: [1956 c.74](https://www.legislation.gov.uk/ukpga/1956/74)
[^c21638071]: Source—[1972 Sch.16 13(4), (5)]
[^c21638081]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21638091]: Source—[1972 Sch.16 14; 1975 (No.2) Sch.8 3(3)]
[^c21638101]: Source—[1975 (No.2) Sch.8 3(4).]
[^c21638111]: *Repealed by* 1989 s.187*and* Sch.17 Part V*but* Part I*continues to have effect where the subsequent distribution referred to in* 1988 s.427(4)*is made before* 1*April* 1992.
[^c21638121]: Source—[1972 Sch.16 15-20; 1976 s.44(3); 1987 (No.2) s.61(5), (6)]
[^c21638131]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c21638141]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c22765661]: Words in [Sch. 19AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/1/2) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 33](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/33)
[^c21638161]: See 1990 s. 42 and Sch.7 para.10(2) regarding treatment of assets in relation to the first period of account of an insurance company
[^c22754751]: Words in [Sch. 19AA para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/c) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 3](https://www.legislation.gov.uk/uksi/1994/3278/article/3)
[^c22768981]: Words in [Sch. 19AA para. 2(1)(b)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/1/b/2/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/i)
[^c22769061]: Words in [Sch. 19AA para. 2(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/d) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/i)
[^c22769081]: Words in [Sch. 19AA para. 3(1)(a)(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/3/1/a/2/a/3/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/ii)
[^c22754771]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(1)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/1)
[^c22754811]: [Sch. 19AA para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/3/4) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/3)
[^c22768791]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1): definition of "B" substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(2)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/2)
[^c22768811]: [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/3)
[^c22768831]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/4)
[^c22768851]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22769111]: Words in [Sch. 19AA para 4(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1/2/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/iii)
[^c22769141]: Words in [Sch. 19AA para 4(2)(a)(b)(4)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2/a/b/4/b/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/ii)
[^c23822381]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/2)
[^c23822401]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/3)
[^c23822451]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5): definition of "free assets amount" omitted (9.6.2006 with effect in accordance with art. 1(2)(3) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [4](https://www.legislation.gov.uk/uksi/2006/1358/article/4)
[^c23822471]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/2)
[^c23822491]: [Sch. 19AA para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/3)
[^c23822511]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(4)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/4/a)
[^c23822531]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(4)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/4/b)
[^c23822551]: [Sch. 19AA para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(5)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/5)
[^c22754831]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 5(a)](https://www.legislation.gov.uk/uksi/1994/3278/article/5/a)
[^c22765681]: Words in [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/8)
[^c22767831]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31)
[^c22769591]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [19](https://www.legislation.gov.uk/uksi/1998/1871/regulation/19)
[^c22768861]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/a)
[^c22768881]: [Sch. 19AA para. 5(5)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted for para. 5(5)(c)-(g) (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/b)
[^c22768901]: [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/3)
[^c22768921]: [Sch. 19AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/7) omitted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by virtue of [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/4)
[^c23822221]: Words in [Sch. 19AA para. 5(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23822341]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [25](https://www.legislation.gov.uk/uksi/2005/2014/regulation/25); and that modifying reg. 25 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2007/2134/regulation/23)
[^c23822331]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [17](https://www.legislation.gov.uk/uksi/2004/2680/regulation/17); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23822241]: [Sch. 19AA para. 5(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/2)
[^c23822371]: [S.I. 1995/3237](https://www.legislation.gov.uk/uksi/1995/3237)
[^c23822261]: Words in [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(3)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/3)
[^c21638621]: [Sch. 19A para. 1(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/1/1/3): s. 451(1) (with s. 451(1A) and Sch. 19A para. 1(1)(3)) power exercised by [S.I.1991/851](https://www.legislation.gov.uk/uksi/1991/851).
[^c21638631]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(a)*coming into force* 2*January* 1991 for 1988-89*and subsequent years.*
[^c21638641]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(b)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638661]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(3)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638671]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 4*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638681]: [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) amended for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 5(2)](https://www.legislation.gov.uk/uksi/1991/851/regulation/5/2). [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) modified (28.3.1992 with effect for the year of assessment 1989-1990 only) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1992/511/regulation/1/1), [5(2)](https://www.legislation.gov.uk/uksi/1992/511/regulation/5/2)
[^c21638691]: [Sch. 19A paras. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) inserted by [S.I. 1990/2524](https://www.legislation.gov.uk/uksi/1990/2524)
[^c21638701]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 5*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638711]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638731]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638751]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638761]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638781]: 1989 s.149(6)(4)(a)(iii)—*not to affect assessments before* 1983-84 or*accounting periods before* 1*April* 1983.*Previously* “37, 40 and 41” *and* “fraud, wilful default or neglect”.
[^c21638801]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638811]: *Repealed by* 1989 s.187*and* Sch.17 Part VIII.
[^c21638821]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(5)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638831]: 1988(F) s.58*for* 1988-89*and subsequent years.*
[^c21638841]: Source—[1986 c. 60](https://www.legislation.gov.uk/ukpga/1986/60) Sch. 7 Pts. II—IV.
[^c21638851]: [1961 c. 62](https://www.legislation.gov.uk/ukpga/1961/62).
[^c21638881]: [1960 c. 58](https://www.legislation.gov.uk/ukpga/1960/58).
[^c21638891]: Words in [Sch. 20 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(a)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/a)
[^c21638901]: [1964 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1964/33).
[^c22767671]: Word in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) substituted (with effect in accordance with [Sch. 38 para. 6(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(l)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/l)
[^c23824111]: Words in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/10), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^c22769511]: Words in [Sch. 20 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/6) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 50](https://www.legislation.gov.uk/uksi/2001/3629/article/50)
[^c22767681]: Words in [Sch. 20 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/1) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5))
[^c22767701]: [Sch. 20 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/3) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/3)
[^c23824001]: Words in [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824021]: Words in [Sch. 20 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/9/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21638921]: [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.9.1992) by [Charities Act 1992 (c. 41)](https://www.legislation.gov.uk/ukpga/1992/41), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1992/41/section/78/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/1992/41/schedule/6/paragraph/17); [S.I. 1992/1900](https://www.legislation.gov.uk/uksi/1992/1900), [art. 2(1)](https://www.legislation.gov.uk/uksi/1992/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/1992/1900/schedule/1)
[^c21638931]: Words in [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(b)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/b)
[^c22767731]: [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) renumbered as para. 10(1) (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c22767721]: Words in [Sch. 20 para 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5)
[^c22767751]: [Sch. 20 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/2) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c23824051]: Words in [Sch. 20 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824081]: Words in [Sch. 20 para. 10(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/1/d) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21638961]: Words in [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/12/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(59)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/59) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23823961]: [Sch. 20 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/part/3) (paras. 11-14) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/3), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23823981]: Words in [Sch. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20) heading substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639001]: *For regulations see* Part III Vol.5 (*under “Pension scheme surpluses: valuation”*).
[^c21639031]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c21639041]: [Sch. 22 para. 7(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/d) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 271(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/271/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639051]: Words in [Sch. 22 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(60)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/60) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639061]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c23824151]: Words in [Sch. 22 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21639081]: 1988(F) s.56.*Previously* “(2) The Board may by regulations provide that this Schedule, or any provision of it, shall not apply in relation to a scheme or to an employee—(a) in circumstances prescribed in the regulations; (b) in any case where in the opinion of the Board the facts are such that it would be appropriate for this Schedule, or the provision in question, not to apply.” *For regulations see* Part III Vol.5*under “Retirement Benefit Schemes: transitional provisions”*.
[^c21639091]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied and when* para.2*modified.*
[^c21639101]: *For regulations see* Part III Vol.5 (*under “Retirement benefit schemes: maximum lump sum”*).
[^c21639111]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639121]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639131]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639141]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639161]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639171]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639181]: *Repealed by* 1989 ss.75*and* 187*and* Sch.6 paras.17*and* 18(10)*and* Sch.17 Part IV.
[^c23317471]: Words in [Sch. 24 para. 2(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/3A/b/ii) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317691]: Words in [Sch. 24 para. 4(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317711]: [Sch. 24 para. 4(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322061]: Words in [Sch. 25 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/26); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639531]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639541]: 1990 s.67(3)(b)*in relation to dividends paid on or after* 20*March* 1990.
[^c23319631]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/i)
[^c23319591]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(ii)(v)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/ii/v), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319651]: Words in [Sch. 25 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/b) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iii)
[^c23319671]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iv)
[^c23319621]: [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/2) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/b), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319701]: [Sch. 25 para. 2(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/3/3A) substituted for para. 2(3) (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/c)
[^c23319781]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/a)
[^c23319811]: Words in [Sch. 25 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/6) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/b)
[^c23322811]: [Sch. 25 para. 2(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1B) inserted (with application in accordance with [s. 88(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/1)
[^c23323251]: Words in [Sch. 25 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A) added (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/2)
[^c23827161]: Words in [Sch. 25 para. 2(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 56](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/56) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23319741]: [Sch. 25 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/a)
[^c23319761]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/b)
[^c23319991]: [Sch. 25 para. 3(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23320051]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/b), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322241]: Words in [Sch. 25 para. 3(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/28); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639551]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639561]: 1990 s.67(3)(c)*in relation to dividends paid on or after* 20*March* 1990.
[^c23323321]: Words in [Sch. 25 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/4)
[^c23323341]: Words in [Sch. 25 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1A) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/5)
[^c23323361]: Words in [Sch. 25 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/2) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/6)
[^c23319831]: Words in [Sch. 25 para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23319971]: Words in [Sch. 25 para. 2A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/5/c) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/b)
[^c23319951]: [Sch. 25 para. 2A(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/6/7) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/c), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322141]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322161]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322181]: Words in [Sch. 25 para. 2A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322201]: [Sch. 25 para. 2A(8)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/aa) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322221]: Words in [Sch. 25 para. 2A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322481]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322501]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para 30(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322561]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322931]: Words in [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/2)
[^c23322971]: [Sch. 25 para. 6(4A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/c) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/4)
[^c23323041]: [Sch. 25 para. 6(4B)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4B/b/iii) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/6)
[^c23323171]: Word in [Sch. 15 para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/6) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/11)
[^c23826921]: Words in [Sch. 25 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/1/c) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/2)
[^c23322031]: Word in [Sch. 25 para. 13(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/13/2/c) substituted (with effect in accordance with [Sch. 38 para. 6(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(m)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/m)
[^c23319321]: Words in [Sch. 26 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/a) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/46) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23828701]: [Sch. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2572/regulation/4)
[^c21639631]: Source—[1984 Sch.19; 1986 s.50; 1987 (No.2) s.66]
[^c23319121]: [Sch. 27 para. 1(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/2/a/b) substituted (with effect in accordance with [s. 134(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/4)
[^c23828791]: [Sch. 27 para. 1(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/1/d) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/2)
[^c23828351]: Words in [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828811]: [Sch. 27 para. 3(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/a/aa) substituted for para. 3(1)(a) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/3)
[^c23828831]: Words in [Sch. 27 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/b) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/4)
[^c21639641]: 1988(F) s.146*and* Sch.13 para.12 (*deemed always to have had effect*).
[^c21639651]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.6](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/6)
[^c23319161]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)) (and as that para. 3 is substituted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 39](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/39))
[^c23319141]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) substituted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 176(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/176/2)
[^c23317361]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23319181]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 83(3) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 35](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/35) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23319171]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note, Sch. 40 Pt. 3(13) Note of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13)
[^c23828311]: [Sch. 27 para. 5(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/d) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 1(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828331]: [Sch. 27 para. 5(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/e) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 2(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/2/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828751]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 350(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/350/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23828451]: Words in [Sch. 27 para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828471]: Words in [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828491]: Words in [Sch. 27 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/3/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828851]: Words in [Sch. 27 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/c) repealed (with effect in accordance with s. 57(8) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/4), [Sch. 27 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/18), Note
[^c23828511]: Words in [Sch. 27 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/7) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828581]: [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/10) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/4), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828601]: Words in [Sch. 27 para. 11(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/a), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828541]: Words in [Sch. 27 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828371]: Words in [Sch. 27 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828391]: Words in [Sch. 27 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828411]: Words in [Sch. 27 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/c) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828631]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828651]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639661]: [1987 c. 51](https://www.legislation.gov.uk/ukpga/1987/51).
[^c23828561]: Words in [Sch. 27 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/7) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828671]: Words in [Sch. 27 para. 16(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/16/1) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/8), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639671]: Source—[1984 Sch.20.]
[^c21639681]: Words in [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639751]: Words in [Sch. 28 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23327731]: [Sch. 28 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c21639811]: Words in [Sch. 28 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/4/3/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639821]: Words in [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639841]: [Sch. 28 para. 8(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/4/5) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23830671]: [Sch. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2572/regulation/5)
[^c21642521]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642531]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642551]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21642561]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642571]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642591]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IX*from* 3*April* 1989—*commencement order* S.I. [1989 No.473](https://www.legislation.gov.uk/ukcm/1989/473) (*in* Part III Vol.5).
[^c21642631]: *Repealed by* 1988(F) Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642671]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642681]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642771]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642801]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642851]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642921]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642931]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642981]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643011]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643091]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643101]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643141]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21643171]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for accounting periods ending after* 5*April* 1988.
[^c21643201]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643271]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for disposals made on or after* 6*April* 1988.
[^c23835961]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entry relating to 178(1) of the Inheritance Tax Act 1984 repealed (with effect in accordance with Sch. 43 Pt. 4(1) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/4/1)
[^c23836051]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries relating to ss. 12(2), 151, 152 of the [Inheritance Tax Act 1984 (c. 51)](https://www.legislation.gov.uk/ukpga/1984/51) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21799391]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818061]: 1991 s.73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c21818071]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818081]: 1991 s. 73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c23836211]: [Sch. 30 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/6/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836241]: Words in [Sch. 30 para. 5(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836261]: Words in [Sch. 30 para. 5(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/11) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836191]: [Sch. 30 para. 5(13)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/13) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638221]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638241]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638261]: [Sch. 19AB para. 1(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/9) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(2)(h)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/h/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22765701]: Word in [Sch. 19AB para. 1(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/b) (with [s. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2))
[^c22767071]: Words in [Sch. 19AB para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/1) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/2)
[^c22767091]: [Sch. 19AB para. 1(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/3)
[^c22767111]: Word in [Sch. 19AB para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767151]: [Sch. 19AB para. 1(5)(b)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/ii/iii) substituted for Sch. 19AB para. 1(5)(b)(ii) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/4)
[^c22767171]: [Sch. 19AB para. 1(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6/6A) substituted for Sch. 19AB para. 1(6) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/5)
[^c22767191]: [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/6)
[^c22767131]: [Sch. 19AB para. 1(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/8) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/7), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767211]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted for Sch. 19AB para. 1(10) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/8)
[^c22798971]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1) amended (otherwise than as it has effect as mentioned in [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/1) of the amending Act, and with effect in accordance with Sch. 3 para. 10(6)(7), Sch. 8 Pt. 2(6) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 10(1)-(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/10/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22798931]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798951]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1): word preceding para. 1(7)(b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798941]: [Sch. 19AB para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798961]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799091]: Words in [Sch. 19AB para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/4) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799141]: [Sch. 19AB para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799161]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799181]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799591]: Words in [Sch. 19AB para. 1(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/a/b) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/3)
[^c21638271]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638281]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767251]: [Sch. 19AB para. 2(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/2) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/2)
[^c22767271]: [Sch. 19AB para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/3): words in definition of "total entitlement" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/3)
[^c22799201]: Words in [Sch. 19AB para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/c) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638291]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638301]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767291]: [Sch. 19AB para. 3(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1/a/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/2)
[^c22767311]: [Sch. 19AB para. 3(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/3)
[^c22767341]: Words in [Sch. 19AB para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/4)
[^c22767361]: Word in [Sch. 19AB para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/5)
[^c22767381]: [Sch. 19AB para. 3(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/9) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/6)
[^c22798981]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799001]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799021]: [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799011]: [Sch. 19AB para. 3(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799051]: Words in [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799031]: [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799071]: [Sch. 19AB para. 3(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799061]: Words in [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799041]: [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799081]: [Sch. 19AB para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799221]: Words in [Sch. 19AB para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799351]: [Sch. 19AB para. 3(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1ZA) inserted (with effect in accordance with [s. 91(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/1)
[^c22799241]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799331]: [Sch. 19AB para. 3(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C): word at the end of para. (a) inserted (with effect in accordance with [s. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/a); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799341]: [Sch. 19AB para. 3(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C/c) and preceding word repealed (with effect in accordance with s. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/b), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799261]: [Sch. 19AB para. 3(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1D) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799281]: Words in [Sch. 19AB para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799301]: Words in [Sch. 19AB para. 3(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799321]: Words in [Sch. 19AB para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/9) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(12)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/12); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638311]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638321]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638331]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638341]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638351]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638361]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767401]: [Sch. 19AB para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/1): definition of "provisional fraction" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/2)
[^c22767441]: [Sch. 19AB para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/3), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767421]: [Sch. 19AB para. 6(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/4)
[^c22767461]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22799371]: Words in [Sch. 19AB para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4/b) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639211]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890611]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definitions of "approved stock lending arrangement", "market maker", "recognised clearing house", "recognised investment exchange", "unapproved manufactured payment" and "unapproved stock lending arrangement" repealed (with effect in accordance with Sch. 18 Pt. 6(10), Notes 1, 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22890721]: [Sch. 23A para 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891391]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "foreign income dividend" repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22899501]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): in the definition of "overseas securities", para. (b) and preceding word repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c22899511]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "UK securities" repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824821]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "interest manufacturer" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824841]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "manufactured dividend", "manufactured interest" and "manufactured overseas dividend" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824801]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "manufactured interest" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639261]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs. 2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890991]: [Sch. 23A paras 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c22891411]: Words in [Sch. 23A para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23824791]: [Sch. 23A para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 134](https://www.legislation.gov.uk/ukpga/2006/25/section/134), [139(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/2), [Sch. 17 para. 30](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/30) (as that affecting s. 139 is amended by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/1034/1), [Sch. 1 para. 621](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/621), [Sch. 3 Pt.1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/2)) and [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [3](https://www.legislation.gov.uk/uksi/2009/2859/article/3))
[^c22892581]: [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) substituted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/5)
[^c22892621]: [Sch. 23A para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/a) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/6), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901351]: [Sch. 23A para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/4/5) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901361]: [Sch. 23A para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/b) and preceding word repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23824871]: Word in [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825971]: [Sch. 23A para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2/b) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24C(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24C/3) (as inserted (1.1.2009 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [27](https://www.legislation.gov.uk/uksi/2008/3159/regulation/27))
[^c23824891]: Word in [Sch. 23A para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824951]: [Sch. 23A para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/c) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824981]: Words in [Sch. 23A para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824911]: [Sch. 23A para. 2(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/aa) and preceding word inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824931]: Words in [Sch. 23A para. 2(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/7/c) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891011]: [Sch. 23A paras. 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c21639321]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639331]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639341]: [Sch. 23A para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1) applied (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.2](https://www.legislation.gov.uk/uksi/1993/2004/regulation/2)
[^c22887831]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 124](https://www.legislation.gov.uk/ukpga/1994/9/section/124)
[^c22889751]: [Sch. 23A para 4(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3A/3B) inserted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/5)
[^c22889851]: [Sch. 23A para. 4(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889791]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 2
[^c22889831]: [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899521]: [Sch. 23A para. 4(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/8) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824251]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23824601]: [Sch. 23A para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(3)
[^c23824691]: [Sch. 23A para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(5)
[^c23825061]: [Sch. 23A para. 4(2)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825211]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825231]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825251]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825121]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825271]: Words in [Sch. 23A para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(v)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/v) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825311]: Words in [Sch. 23A para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(vi)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/vi) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825141]: [Sch. 23A para. 4(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/5/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825161]: [Sch. 23A para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825181]: [Sch. 23A para. 4(7)(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7/7AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825341]: Word in [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639371]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); 30.6.1992 specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); 21.4.1993 specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b),4)
[^c21639381]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891071]: [Sch. 23A para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5) repealed (with effect in accordance with Sch. 10 para. 16, Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 12](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/12), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639391]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639401]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891091]: [Sch. 23A para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/6) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/a), [Sch 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639411]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639421]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889971]: [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22891111]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4(e) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891191]: [Sch. 23A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3(b) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891231]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(i)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/i), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891251]: [Sch. 23A para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/b) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/ii), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891271]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (with effect in accordance with [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(iii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/iii); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23824711]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(7)
[^c23825421]: Words in [Sch. 23A para. 7(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b/i) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825441]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825461]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825481]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825501]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(v)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/v), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825361]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(vi)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/vi) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825381]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(vii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/vii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825521]: Words in [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825401]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825541]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825561]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825581]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825601]: Words in [Sch. 23A para. 7(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639431]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639441]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889991]: [Sch. 23A para. 8(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/aa) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/7/a)
[^c22890031]: [Sch. 23A para. 8(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/8)
[^c22891291]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891311]: Words in [Sch 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891331]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) inserted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23825731]: Words in [Sch. 23A para. 8(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/a/aa) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825761]: Words in [Sch. 23A para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825651]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825671]: Word in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825691]: Word in [Sch. 23A para. 8(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825781]: Words in [Sch. 23A para. 8(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/b/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825801]: [Sch. 23A para. 8(2)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2/c/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825831]: Words in [Sch. 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825851]: Words in [Sch. 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825871]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825711]: Words in [Sch. 23A para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/3/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/e/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825891]: [Sch. 23A para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/3/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/e/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891351]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/3)
[^c23825001]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891471]: [Sch. 23A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2B) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23825021]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825041]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825631]: [Sch. 23A para. 7A(10)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7A/10): definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825911]: [Sch. 23A para. 7A(10)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7A/10): in definition of "manufactured payment", para. (d) inserted (with effect in accordance with [Sch. 5 para. 9(2)-(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/9/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/9/1)
[^c21633191]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633201]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633211]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633221]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633231]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633241]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633251]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633261]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633271]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633281]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633291]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633301]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633311]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633321]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633331]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633341]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633351]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633361]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633371]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c21633381]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633391]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633401]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633411]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633421]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633431]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633441]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633451]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633461]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21635381]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635391]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635401]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635411]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635421]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635431]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635441]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635451]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635461]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635471]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635481]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635491]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635501]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635511]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635521]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635531]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635541]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635551]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635561]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635571]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635581]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635591]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635601]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635611]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635621]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635631]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635641]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635651]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635661]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635671]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635681]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635691]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635701]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635711]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635721]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635731]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635741]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635751]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635761]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635771]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635781]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635791]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635801]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635811]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635821]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635831]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635841]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635851]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635861]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635871]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635881]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635891]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635901]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635911]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635921]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635931]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635941]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635951]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21638381]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638391]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22768271]: [Sch. 19AC para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638401]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765791]: [Sch. 19AC para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769161]: Words in [Sch. 19AC para. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/i)
[^c21638411]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765811]: [Sch. 19AC para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769181]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/a)
[^c22769201]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/b)
[^c22769221]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/c)
[^c21638431]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769571]: [Sch. 19AC para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [8](https://www.legislation.gov.uk/uksi/1999/498/regulation/8)
[^c23822921]: [Sch. 19AC paras. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5), [5ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5ZA) substituted for para. 5 (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 36(2)
[^c21638441]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765851]: [Sch. 19AC para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/3/4) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/37), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766141]: [Sch. 19AC para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 35(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/35/3)
[^c22776901]: [Sch. 19AC para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769291]: Words in [Sch. 19AC para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/ii)
[^c22769301]: Words in [Sch. 19AC para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/i)
[^c21638451]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766961]: [Sch. 19AC para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 39](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/39)
[^c22768591]: Words in [Sch. 19AC para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(i)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/i)
[^c22768611]: [Sch. 19AC para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/c) repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/ii), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22769311]: Words in [Sch.19AC para. 7(2)(a)(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/2/a/3/a/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/ii)
[^c21638461]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766161]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/a)
[^c22766181]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/b)
[^c22766201]: Words in [Sch. 19AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/3)
[^c22766221]: [Sch. 19AC para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/4)
[^c22765911]: [Sch. 19AC para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638471]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765931]: [Sch. 19AC para. 9(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/2/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768371]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) substituted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/6)
[^c22768751]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) modified by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 21A](https://www.legislation.gov.uk/uksi/1998/1871/regulation/21A) (as inserted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [reg. 5](https://www.legislation.gov.uk/uksi/2000/2075/regulation/5))
[^c22801301]: [Sch. 19AC para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9) modified (31.7.1997) by 1992 (c. xx), s. 65(2)(ab) (as inserted) by Finance Act [1997 No. 2](https://www.legislation.gov.uk/ukcm/1997/2) (c. 58), Sch. 3 para. 15
[^c22768391]: Words in [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/2), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22777081]: [Sch. 19AC para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10) repealed (with effect in accordance with Sch. 3 para. 13(14)(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(8)(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/8/9), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21638491]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766611]: [Sch. 19AC para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/2)
[^c22765981]: [Sch. 19AC para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/2) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 Para. 45(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/3), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766631]: Words in [Sch. 19AC para. 11(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/4)
[^c22777091]: [Sch. 19AC para. 11(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638501]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766011]: [Sch. 19AC para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768531]: [Sch. 19AC para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/1) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(12)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/12), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638511]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766031]: [Sch. 19AC para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768671]: [Sch. 19AC para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/1) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/a), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768631]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/b)
[^c22768691]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/c), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768651]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/d)
[^c21638521]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766051]: [Sch. 19AC para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638531]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769491]: [Sch. 19AC para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/15) repealed (with effect in accordance with s. 87 of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note
[^c22769241]: Words in [Sch. 19AC para. 4A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/a)
[^c22769531]: Words in [Sch. 19AC para. 4A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/2) substituted 1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/b)
[^c22769541]: [Sch. 19AC para. 4A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/c)
[^c22769561]: O.J. No. L360, 9.12.1992, pp. 1-27.
[^c22768311]: [Sch. 19AC para. 5A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5A/3) inserted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/4)
[^c22768331]: [Sch. 19AC para. 5B(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5B/1) repealed (with effect in accordance with Sch. 3 para. 13(14)(16) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767591]: [Sch. 19AC para. 5C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5C/2) substituted for Sch. 19AC para. 5C(2) (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/5)
[^c22768411]: [Sch. 19AC para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9A) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/7), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767811]: Words in [Sch. 19AC para. 9B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9B) substituted (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/5)
[^c22769401]: [Sch. 19AC para. 9C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9C) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/1), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22768451]: [Sch. 19AC para. 10A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10A) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/10), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22769441]: Words in [Sch. 19AC para. 10AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10AA) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768731]: [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) inserted (with effect in accordance with [s. 75(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/6/a) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/4)
[^c22769471]: Words in [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22769341]: Words in [Sch. 19AC para. 10C(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iii)
[^c22769351]: Words in [Sch. 19AC para. 10C(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iii)
[^c22768491]: [Sch. 19AC para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/1) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para 13(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/11), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22768501]: [Sch. 19AC para. 11A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/2) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/3), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22769461]: Words in [Sch. 19AC para. 11C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11C) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768941]: Word in [Sch.19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) repealed (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/a)
[^c22768961]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/b)
[^c22769361]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iv)
[^c22769381]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iv)
[^c23822961]: This section was inserted by section 149 of the Finance Act 2003.
[^c23821231]: Word in [Sch. 15A para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821251]: [Sch. 15A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22783901]: Words in [Sch. 15A para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 48](https://www.legislation.gov.uk/uksi/2001/3629/article/48)
[^c15675031]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22783921]: [Sch. 15B para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/7) repealed (with effect in accordance with Sch. 16 para. 3(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 3(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/3/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 4
[^c23821431]: [Sch. 15B para. 1(6)(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/6/da) inserted (23.1.2003) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23821451]: [Sch. 15B para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/10/11) inserted (with effect in accordance with [s. 195(12)](https://www.legislation.gov.uk/ukpga/2003/14/section/195/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 40 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/40/paragraph/1); [S.I. 2003/3077](https://www.legislation.gov.uk/uksi/2003/3077), [art. 2](https://www.legislation.gov.uk/uksi/2003/3077/article/2)
[^c23821471]: Words in [Sch. 15B para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/3) substituted (with effect in accordance with [Sch. 19 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/1)
[^c23821491]: [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/1)
[^c23821501]: Words in [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) substituted (with effect in accordance with [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/1)
[^c22783941]: Words in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/2)
[^c23821581]: Word in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/2)
[^c22784001]: [Sch. 15B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3): power to exclude conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/8), [9(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/9/1/b), [10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/10)
[^c22783961]: Words in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/3)
[^c23821521]: [Sch. 15B para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/4) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/2)
[^c23821531]: [Sch. 15B para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/9) modified (17.9.2004 with effect in accordance with reg. 1(2)(a) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2199/regulation/4)
[^c23821541]: Words in [Sch. 15B para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/a)
[^c23821561]: Words in [Sch. 15B para. 3(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/b)
[^c23821601]: Word in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/3)
[^c23821641]: Words in [Sch. 15B para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/4/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22783931]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/b), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c23821621]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/4)
[^c22734821]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23316661]: [Sch. 28A para. 6(da)-(dd)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316981]: Words in [Sch. 28A para. 6(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/a/4)
[^c23317041]: Words in [Sch. 28A para. 6(db)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/db) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317021]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/c/4)
[^c23317221]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/1)
[^c23317861]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/2)
[^c23317831]: [Sch. 28A para. 6(de)(df)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/de/df) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/4)
[^c23830791]: Words in [Sch. 28A para. 6(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(2)
[^c23830811]: Words in [Sch. 28A para. 6(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(3)
[^c23830831]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(4)
[^c23316701]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317081]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/d/4)
[^c23316741]: Words in [Sch. 28A para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316761]: [Sch. 28A para. 7(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318201]: Word preceding Sch. 28A para. 7(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318161]: [Sch. 28A para. 7(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3)
[^c23318221]: Word preceding Sch. 28A para. 7(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/4), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23317921]: [Sch. 28A para. 7(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/5)
[^c23318241]: [Sch. 28A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/5), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830701]: Words in [Sch. 28A para. 7(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830851]: [Sch. 28A para. 7(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/a/aa) substituted for para. 7(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(5)
[^c23830871]: [Sch. 28A para. 7(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/e/iii) and preceding word substituted for para. 7(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(6)
[^c23831031]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/4)
[^c23316801]: [Sch. 28A para. 13(1)(ea)-(ed)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317121]: Words in [Sch. 28A para. 13(1)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(f)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/f/4)
[^c23317161]: Words in [Sch. 28A para. 13(1)(eb)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/eb) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(g)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/g/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317141]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(h)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/h/4)
[^c23317261]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/2)
[^c23318511]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/7)
[^c23317951]: [Sch. 28A para. 13(1)(ee)(ef)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ee/ef) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/6)
[^c23830911]: Words in [Sch. 28A para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(a)
[^c23830931]: Words in [Sch. 28A para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(b)
[^c23830951]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(c)
[^c23316881]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317201]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(i)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/i/4)
[^c23316901]: Words in [Sch. 28A para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316921]: [Sch. 28A para. 16(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318661]: Word preceding Sch. 28A para. 16(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318621]: [Sch. 28A para. 16(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8)
[^c23318681]: Word preceding Sch. 28A para. 16(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/9), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318001]: [Sch. 28A para. 16(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/7)
[^c23318701]: [Sch. 28A para. 16(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/10), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830761]: Words in [Sch. 28A para. 16(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830971]: [Sch. 28A para. 16(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/a/aa) substituted for para. 16(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(9)
[^c23830991]: [Sch. 28A para. 16(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/e/iii) and preceding word substituted for para. 16(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(10)
[^c23831091]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/7)
[^c23830781]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23317101]: [Sch. 28A para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/2/a) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/e/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23318601]: Words in [Sch. 28A para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/c) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/6/b)
[^c23830731]: Words in [Sch. 28A para. 11(1)(a)(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/a/3/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830891]: [Sch. 28A para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/b) substituted for para. 11(1)(b)(bb) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(7)
[^c23831111]: [Sch. 28A Pt. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/part/4) title substituted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/8)
[^c22807531]: [Sch. 28B para. 3(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/2/aa) and preceding word substituted for para. 2(2)(b)(c) (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/1)
[^c22807551]: [Sch. 28B para. 3(6)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/6) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/2)
[^c22807591]: Words in [Sch. 28B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/3)
[^c22807611]: Words in [Sch. 28B para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/a) substituted (with effect in accordance with [Sch. 16 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/1)
[^c23835721]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/i)
[^c23835731]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/a)
[^c23835741]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/b)
[^c23835751]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835761]: Words in [Sch. 28B para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/a) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/i)
[^c23835771]: Words in [Sch. 28B para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/ii)
[^c23835781]: [Sch. 28B para. 3(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/5A/5B) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/c)
[^c23835791]: Words in [Sch. 28B para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/b) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/2) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22807631]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/3)
[^c22807641]: [Sch. 28B para. 4(2)(ea)-(ee)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/ea) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/1)
[^c22807661]: Words in [Sch. 28B para. 4(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/f) substituted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/2)
[^c22807681]: [Sch. 28B para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/3A) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/3)
[^c22807701]: [Sch. 28B para. 4(5)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/5) substituted for para. 4(5)(6) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/1)
[^c22807721]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22807731]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23835441]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/3) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22808151]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "nursing home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/1)
[^c22808171]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "property development" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/2)
[^c22808191]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "residential care home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/3)
[^c22808231]: [Sch. 28B para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/5): definition of "interest in land" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/4)
[^c22808251]: [Sch. 28B para. 5(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/6/7) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/5)
[^c22808271]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "research and development" substituted (with effect in accordance with [Sch. 18 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/1) (with [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/3))
[^c23835461]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 5(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 2 (with Sch. 27 para. 5(6))
[^c22808291]: [Sch. 28B para. 6(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2A) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/4)
[^c22808351]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/4)
[^c22808391]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808371]: [Sch. 28B para. 6(1)(2)(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/2/2AA) substituted for para. 6(1)(2) (with effect in accordance with [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/1)
[^c23835181]: Words in [Sch. 28B para. 6(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/a/ii) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/a)
[^c23835201]: Words in [Sch. 28B para. 6(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AA/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/b)
[^c23835221]: [Sch. 28B para. 6(2AB)-(2AH)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AB) substituted for para. 6(2A)-(2C)(with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/c)
[^c23835501]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/d), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c22808401]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808441]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c23835801]: Words in [Sch. 28B para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/a) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/a)
[^c23835821]: Words in [Sch. 28B para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/b) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/b)
[^c22808471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808451]: Words in [Sch. 28B para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/1) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/a), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22808461]: [Sch. 28B para. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/2) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/b), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22809491]: Words in [Sch. 28B para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/1) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/1)
[^c22809511]: [Sch. 28B para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/2) repealed (with effect in accordance with Sch. 9 para. 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/2), [Sch. 18 Pt. 6(9)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/9), Note
[^c22809531]: Words in [Sch. 28B para. 10(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/5) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/3)
[^c22809561]: Words in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/4)
[^c23835521]: [Sch. 28B para. 10(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835241]: [Sch. 28B para. 10(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/ca) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/b)
[^c23835261]: Words in [Sch. 28B para. 10(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/e) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/c)
[^c23835281]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/i)
[^c23835541]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/ii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835561]: Word in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835581]: Word in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iv), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835301]: Words in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/v)
[^c23835321]: [Sch. 28B para. 10(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4A) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/e)
[^c23835601]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835341]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/ii)
[^c23835621]: [Sch. 28B para. 10(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/6) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(g)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/g), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835641]: Words in [Sch. 28B para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835661]: Word in [Sch. 28B para. 11(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/b), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835681]: Word in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/c), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835381]: Words in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/d)
[^c22809591]: Words in [Sch. 28B para. 12(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/12/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/3)
[^c15675021]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22809611]: [Sch. 28B para. 13(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/2) substituted for para. 13(2)(3) (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/3)
[^c22809651]: [Sch. 28B para. 13(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/5/b) and preceding word repealed (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(3)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/3/8), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 3
[^c22809631]: [Sch. 28B para. 13(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/6) inserted (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(4)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/4/8)
[^c22809671]: Words in [Sch. 28B para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/1) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/3/5/b)
[^c22809481]: [Sch. 28B para. 10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/72/5)
[^c22809471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22809451]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22809461]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c23835001]: [Sch. 28B para. 11A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/2/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(a)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/a) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835021]: Words in [Sch. 28B para. 11A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/3/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(b)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/b) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835401]: Word in [Sch. 28B para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/1) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/15)
[^c22779561]: Words in [Sch. 13A para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779581]: [Sch. 13A para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/2) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779601]: Words in [Sch. 13A para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/1) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/4), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779641]: Words in [Sch. 13A para. 14(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779621]: Words in [Sch. 13A para. 14(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/8) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/6), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22777321]: [Sch. 5AA para. 1(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6/7) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/7)
[^c22777411]: [Sch. 5AA para. 1(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/2/b/c) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777481]: [Sch. 5AA para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777451]: Words in [Sch. 5AA para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/5) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/c), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777461]: Words in [Sch. 5AA para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/d), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777471]: [Sch. 5AA para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/7) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/e), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777491]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/2)
[^c22777571]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/3), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777351]: Words in [Sch. 5AA para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/6) inserted (with effect in accordance with [s. 99(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 99(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/4)
[^c22777511]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/3)
[^c22777581]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777551]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/5)
[^c22777611]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777621]: [Sch. 5AA para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/9) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/7), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777531]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/4)
[^c22777591]: Words in [Sch. 5AA para. 4A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/5/b) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777601]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22747131]: Words in [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11/paragraph/6/2) substituted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [ss. 19(1)](https://www.legislation.gov.uk/ukpga/2002/1/section/19/1), [20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/10) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c22747111]: [1974 c.30](https://www.legislation.gov.uk/ukpga/1974/30).
[^c22747121]: [1977 c.36](https://www.legislation.gov.uk/ukpga/1977/36).
[^c22778281]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778291]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778301]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778311]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778321]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778331]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778341]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778351]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778361]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778371]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778381]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778391]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778401]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778411]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c23316401]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/58/1) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/12)) (with Sch. 22 para. 58(3))
[^c23316411]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (with modifications) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 59(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/59/1/2) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/13)) (with Sch. 22 para. 59(4))
[^c23316421]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 100](https://www.legislation.gov.uk/ukpga/1996/8/section/100) (as substituted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23316431]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A/1) (as inserted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23833991]: Words in [Sch. 28AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/1/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/2)
[^c23834871]: [Sch. 28AA para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/3) applied (with effect in accordance with Sch. 17 para. 13 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 17 para. 12(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/12/5)
[^c23834201]: Words in [Sch. 28AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/2) substituted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/2)
[^c23834321]: Words in [Sch. 28AA para. 4(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [103](https://www.legislation.gov.uk/uksi/2005/3229/regulation/103)
[^c23834361]: [Sch. 28AA para. 4(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/12): definition of "settlement" and "settlor" substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 26](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/26), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23834001]: Words in [Sch. 28AA para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/1) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/a), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834011]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834021]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834031]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834041]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834051]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834061]: [Sch. 28AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/c)
[^c23834401]: [Sch. 28AA para. 5(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7/a/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 239](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/239) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23316441]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316461]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", para. (a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/a)
[^c23316481]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", words in para. (e) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/b)
[^c23316501]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "voluntary amendment", paras. (a)(b) substituted for words (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/4)
[^c23834071]: [Sch. 28AA para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/1) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/4)
[^c23834081]: Word in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/i)
[^c23834091]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/2)
[^c23834101]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/ii)
[^c23834111]: Words in [Sch. 28AA para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/a) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/b)
[^c23834261]: [Sch. 28AA para. 6(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/5)
[^c23316451]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316521]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316581]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316541]: [Sch. 28AA para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/a) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316601]: [Sch. 28AA para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/b) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316561]: [Sch. 28AA para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/3) substituted for para. 8(2) (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316621]: [Sch. 28AA para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/4) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23833971]: Words in [Sch. 28AA para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834121]: [Sch. 28AA para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834131]: Word at the end of Sch. 28AA para. 11(3)(c) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/a)
[^c23834141]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834151]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834161]: Words in [Sch. 28AA para. 11(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834171]: Words in [Sch. 28AA para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/12/3/b) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/8)
[^c23316641]: Words in [Sch. 28AA para. 13(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/68)
[^c23834181]: [Sch. 28AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13) renumbered as para. 13(1) (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c23834191]: [Sch. 28AA para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/2) added (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c22747221]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23833861]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): words in definition of "losses" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 40(2)
[^c23833881]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "medium-sized enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833891]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "non-qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833901]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "paragraph 6C claim" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/5)
[^c23833911]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833921]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "small enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23834421]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "insurance company" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(f)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/f), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23833701]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2ZA)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2ZA) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/7/2))
[^c23833711]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/16) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/8))
[^c23833721]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/2))
[^c23833731]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 31A](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/31A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/3))
[^c23833741]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 55(1A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/55/1A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/16/2))
[^c23834381]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834481]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23834391]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834491]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23833931]: Words in [Sch. 28AA para. 6A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23833951]: Words in [Sch. 28AA para. 6E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834281]: Words in [Sch. 28AA para. 7A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7A/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834301]: Words in [Sch. 28AA para. 7C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7C/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834811]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 340(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/340/7), [625(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/625/7), [694(8)-(10)](https://www.legislation.gov.uk/ukpga/2009/4/section/694/8), [775(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/775/3) (with [ss. 628](https://www.legislation.gov.uk/ukpga/2009/4/section/628), [629](https://www.legislation.gov.uk/ukpga/2009/4/section/629), [636](https://www.legislation.gov.uk/ukpga/2009/4/section/636), [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834821]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 445-447](https://www.legislation.gov.uk/ukpga/2009/4/section/445) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834881]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [19(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/6), [22(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/6) (with [regs. 19(7)(10)(11)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/7/10/11), [22(7)(9)(10)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/7/9/10))
[^c23834891]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.1.2010) by The Northern Rock plc (Tax Consequences) Regulations 2009 ([S.I. 2009/3227](https://www.legislation.gov.uk/uksi/2009/3227)), regs. 1, 4(3), 6(2)
[^c22780291]: [Sch. 13B para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/3/2A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/2)
[^c22780261]: Words in [Sch. 13B para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/4/1/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/9)
[^c22780281]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22780311]: [Sch. 13B para. 5(4)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/5/4/ca) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/3)
[^c22780331]: [Sch. 13B para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/4A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/2)
[^c22780351]: [Sch. 13B para. 6(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/7A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/3)
[^c22780371]: [Sch. 13B para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/7/3) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/5)
[^c22780391]: Words in [Sch. 13B para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/4) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/2)
[^c22780411]: [Sch. 13B para. 8(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/5A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/3)
[^c22747291]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747301]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c22747311]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747321]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c23389441]: Words in [Sch. 4AA para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/1/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(2)
[^c23389461]: Words in [Sch. 4AA para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/7/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(3)
[^c23389481]: [Sch. 4AA para. 13(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13/1/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(4)
[^c23389501]: [Sch. 4AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(5)
[^c23822131]: [Sch. 18A Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18A/part/2) modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2)
[^c23387701]: O.J. L374, 31.12.1991, p.7.
[^c23380011]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23380081]: O.J. L374, 31.12.1991, p.7.
#### Foreign pensions.
#### Section 209(3AA): link to shares of company or associated company
#### Further interpretation of sections 135 to 139.
#### Further interpretation of sections 135 to 139.
#### Cash vouchers taxable under P.A.Y.E.
#### Further interpretation of sections 135 to 139.
#### Credit-tokens.
#### Supplementary provisions.
#### Relief for contributions in respect of share option gains.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### Provisions supplementary to section 138.
#### Application of lower rate to company distributions.
#### Provisions supplementary to section 138.
#### Provisions supplementary to section 138.
#### Application of sections 251B and 251C
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Further interpretation of sections 135 to 139.
#### Conditional acquisition of shares.
#### Further interpretation of sections 135 to 139.
#### Interpretation.
#### Relief for necessary expenses.
#### Application of lower rate to company distributions.
#### Stock dividends: distributions.
#### Interpretation of Part VI.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Children’s tax credit.
#### Life assurance premiums paid by employer
#### Meaning of “the minimum amount”
#### Children’s tax credit.
#### Married couple’s allowance(pre-5th December 2005 marriages).
#### Tax on companies in administration
#### Company reconstructions without a change of ownership.
#### Company reconstructions: supplemental.
#### Company reconstructions: supplemental.
#### Relief where borrower deceased.
#### Minimum and maximum subscriptions.
#### Losses from UK property business.
#### Losses from UK property business.
#### Transactions in deposits with and without certificates or in debts.
#### Dealings in commodity futures etc: withdrawal of loss relief.
#### Computation of gross profits.
#### Close companies.
#### Certain quoted companies not to be close companies.
#### Schedule A business or overseas property business.
#### Section 432B apportionment: value of non-participating funds.
#### Section 432B apportionment: business transfers-in
#### Relief where borrower deceased.
#### Determination of policy holders’ share for purposes of s.438B
#### Income or gains arising from property investment LLP
#### Modifications where tax charged under Case I of Schedule D.
#### Retained assets
#### Transfer schemes transferring part of business: reduction in income of transferee
#### Transfers of business: election for transferee to pay tax of transferor
#### Taxation in respect of other business.
#### Election as to tax exempt business.
#### Old societies.
#### Transactions in deposits with and without certificates or in debts.
#### Dividends paid to investment trusts.
#### Interpretation.
#### Determination of reduced rate for building societies and composite rate for banks etc.
#### Treatment of oil extraction activities etc. for tax purposes.
#### Charitable and non-charitable expenditure
#### Charitable companies: general.
#### Introductory.
#### Section 548A: further definitions
#### Charge on profits.
#### Retained assets
#### Taxation in respect of other business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exploration expenditure supplement
#### Revocable settlements allowing release of obligation.
#### Conditions to be satisfied by individuals.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Change in company ownership: corporation tax.
#### Transactions associated with loans or credit.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Income treated as arising under section 761(1): remittance basis
#### Provision not at arm’s length.
#### Form of relief.
#### Substitution of security: supplemental.
#### Interpretation of Chapter III.
#### Certain quoted companies not to be close companies.
#### Transfers of life assurance business: Case I losses of the transferor
#### Certified unit trusts: distributions.
#### Loan relationships etc.
#### Transactions with substantial donors
#### Introductory.
#### Provisions supplementary to sections 573 and 575.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Lessee under long funding finance lease: limit on deductions
#### General powers to make regulations under Chapter IV.
#### Change in ownership of company carrying on property business.
#### Change in ownership of company carrying on property business.
#### Change in company ownership: postponed corporation tax.
#### Supplementary provisions.
#### Provisions supplementary to section 138.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Meaning of “distribution”.
#### Election by company paying dividend.
#### Returns.
#### Further interpretation of sections 135 to 139.
#### Relief for contributions in respect of share option gains.
#### Further interpretation of sections 135 to 139.
#### Section 209(3AA): link to shares of company or associated company
## [SCHEDULE 19A
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Relief by agreement with other territories.
#### Exceptions from the general charge.
#### Provisions supplementary to section 138.
#### Interpretation of sections 251A to 251C
#### Interpretation of sections 251A to 251C
#### Relief for contributions in respect of share option gains.
#### Application of lower rate to company distributions.
#### Aggregation of wife’s income with husband’s.
#### Losses from overseas property business.
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### “Distribution” to include certain expenses of close companies.
#### Exceptions from section 419.
#### Interpretative provisions relating to insurance companies.
#### Company carrying on life assurance business
#### Exemption from tax.
#### Cases where ss. 502B to 502G do not apply: plant or machinery held as trading stock
#### Interest paid on deposits with banks etc.
#### Calculation of certain amounts for purposes of sections 540, 542 and 545.
#### Introductory.
#### Ceasing to meet the trading requirement because of administration or receivership
#### Non-resident policies and off-shore capital redemption policies.
#### The qualifying subsidiaries requirement
#### Tax representatives.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schedule 4 directions.
#### Supplementary provisions as to absolute interests in residue.
#### Reduction in chargeable profits following an exempt period
#### Provision not at arm’s length.
#### Apportionment of chargeable profits and creditable tax
#### Section 751A: supplementary
#### Relief by agreement with other territories.
#### Qualifying vehicles
#### Introduction
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period ending on or after 1st January 2004 but before 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying capital expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, determined by reference to allowances under Part 6 of the Capital Allowances Act (expenditure on research and development) in respect of qualifying capital expenditure, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) To qualify, the capital expenditure in question must be incurred on or after 1st January 2004 but before 1st January 2006 in respect of oil and gas exploration and appraisal (as well as satisfying other conditions).
- (3) Part 2 makes provision about the application and interpretation of this Schedule.
- (4) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (5) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (6) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (7) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts by virtue of section 555 of the Capital Allowances Act (disposal of oil licence with exploitation value),
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
#### Company vehicles
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in oil and gas exploration and appraisal (see section 837B of this Act and section 1003 of ITA 2007) with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period ending on or after 1st January 2004 but before 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period ending—on or after 1st January 2004 but before 1st January 2006, andbefore the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs qualifying E&A expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the research and development on which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) Special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 16, 18A and 22).
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period ending on or after 1st January 2004 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) for such accounting periods as may be specified in the order.
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
##### 6
- (1) For the purposes of this Schedule “*qualifying E&A expenditure*”is any expenditure as respects which the following conditions are satisfied.
- (2) Condition 1 is that the expenditure is incurred on or after 1st January 2004 but before 1st January 2006.
- (3) Condition 2 is that, for the purposes of Part 6 of the Capital Allowances Act, the expenditure is qualifying expenditure incurred on research and development consisting of oil and gas exploration and appraisal (see section 437(2)(b) of that Act).
- (4) Condition 3 is that an allowance under section 441 of that Act is claimed in respect of the expenditure.
- (5) Condition 4 is that the expenditure is incurred in the course of oil extraction activities.
- (6) Condition 5 is that—
- (a) those oil extraction activities are comprised in a ring fence trade, or
- (b) after incurring the expenditure, the person incurring it sets up and commences a ring fence trade connected with the research and development.
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) in any case where—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) Where an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X’s taxable ring fence profits for its accounting period.
- (4) Where an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X’s taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Loans to participators etc.
#### Exceptions from section 419.
#### Sale and lease-back.
#### “Deposit-taker”, “deposit” and “relevant deposit”.
#### Lessee under long funding finance lease: limit on deductions
#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested
#### Relief for individuals.
#### Expenditure on car hire: supplementary
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation.
#### Payments to unmarried minor children of settlor.
#### Application to Scotland.
#### Reduction in chargeable profits following an exempt period
#### Leased assets subject to hire-purchase agreements.
#### Tax year
##### 9
- (1) Where—
- (a) a qualifying company claims an allowance under section 441 of the Capital Allowances Act (research and development allowances) for the commencement period, and
- (b) the claim is for an allowance in respect of qualifying E&A expenditure incurred before that period,
the company may also claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period shall be treated as an allowance under Part 6 of the Capital Allowances Act for the commencement period in respect of qualifying E&A expenditure incurred by the company.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company shall be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of qualifying E&A expenditure and pre-commencement supplement.
- (2) The pool shall be taken to have consisted of—
- (a) the company’s qualifying E&A expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (b) the company’s pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying E&A expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying E&A expenditure mentioned in paragraph 9(1)(b) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions shall be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement shall be taken to have been added to the pool in that period.
##### 11
- (1) This paragraph applies in any case where—
- (a) the qualifying company disposes of an interest in an oil licence in a pre-commencement period,
- (b) part of the value of the interest (the “*deductible amount*”) is attributable to qualifying E&A expenditure incurred by the company, and
- (c) section 555 of the Capital Allowances Act (disposal of oil licence with exploitation value) has effect in relation to the disposal.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for each pre-commencement period—
- (a) find the total of the deductible amounts in the case of all such disposals made by the company (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
- (3) In this paragraph “*oil licence*” has the same meaning as in section 555 of the Capital Allowances Act (see section 552 (1) of that Act).
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying E&A expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made at the same time as, and as if it were part of, the claim under section 441 of the Capital Allowances Act mentioned in paragraph 9(1)(a).
- (2) Subsection (3) of that section (claim for reduced amount) applies in relation to any such claim.
## Part 4 — Post-commencement supplement
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
- (1) A qualifying company which incurs a qualifying E&A loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period shall be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19C) as if it were a loss—
- (a) incurred in carrying on the ring fence trade in that period,
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) shall apply in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (2A) But, if the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006, sub-paragraph (2) has no effect in relation to the amount of the supplement for that period.
- (3) Paragraphs 19 to 24 have effect for the purpose of determining the reference amount for a post-commencement period.
##### 17
- (1) Where—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), it shall be assumed that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (3) So much of a ring fence loss as is attributable to qualifying E&A allowances for the period of the loss is a “qualifying E&A loss”.
- (4) A ring fence loss is attributable to qualifying E&A allowances to the extent that the amount of the ring fence loss does not exceed the amount of the qualifying E&A allowances for the period of the loss.
- (5) But a claim for post-commencement supplement may include an election for a ring fence loss to be treated—
- (a) as attributable to qualifying E&A allowances for the period of the loss to such lesser extent as may be specified in the election, or
- (b) as not attributable to such allowances.
- (6) “*Qualifying E&A allowances*”, in the case of an accounting period, means allowances for that period under Part 6 of the Capital Allowances Act in respect of qualifying E&A expenditure incurred by the company (including any pre-commencement supplement treated under paragraph 9(2) as such an allowance).
- (7) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18
- (1) So much of a ring fence loss as is not a qualifying E&A loss is a non-qualifying loss.
- (2) Where—
- (a) a loss was incurred by a qualifying company in its ring fence trade in an accounting period ending on or before 31st December 2003, and
- (b) some or all of that loss falls to be set off under section 393 against profits of that trade in accounting periods ending on or after that date,
so much of the loss as falls to be so set off is a ring fence loss and that loss is a non-qualifying loss.
- (3) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18A
- (1) This paragraph applies in any case where the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) ending before 1st January 2006.
- (2) The following assumption shall be made for the purpose of calculating the amount of the qualifying E&A loss and the amount of the non-qualifying loss.
- (3) The assumption is that the loss made in the trade is taken to be the loss incurred in the accounting period beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
- (4) The amount of the non-qualifying loss (found in accordance with that assumption) is then reduced (but not below nil) by the following amount.
- (5) The amount is the amount of the ring fence loss in the deemed accounting period beginning on 1st January 2006 determined under paragraph 18 of Schedule 19C for the purposes of Part 4 of that Schedule.
#### Change in company ownership: corporation tax.
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company shall be taken at all times in its post-commencement periods to have—
- (a) a continuing pool of the company’s non-qualifying losses (the “non-qualifying pool”), and
- (b) a continuing mixed pool of the company’s qualifying E&A losses and post-commencement supplement (the “qualifying pool”).
- (2) A pool continues even if the amount in it is nil.
##### 20
- (1) The non-qualifying pool consists of the company’s non-qualifying losses, allocated to the pool in accordance with sub-paragraph (2).
- (2) A non-qualifying loss is allocated to the pool by adding the amount of the non-qualifying loss to the pool in the period of the loss.
- (3) In the case of a non-qualifying loss incurred in an accounting period ending on or before 31st December 2003, the period of the loss shall be taken for the purposes of sub-paragraph (2) to be the first accounting period of the company that ends on or after 1st January 2004.
- (4) The amount in the non-qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (5) Where a reduction in the amount in the non-qualifying pool falls to be made in any accounting period—
- (a) the reduction is to be made after the addition to the pool of any non-qualifying loss allocated to the pool in that period in accordance with sub-paragraph (2), and
- (b) references to the amount in the non-qualifying pool shall be construed accordingly.
##### 21
- (1) The qualifying pool consists of—
- (a) the company’s qualifying E&A losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (b) the company’s post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of qualifying E&A losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a qualifying E&A loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) Where a reduction in the amount in the qualifying pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any qualifying E&A losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool shall be construed accordingly.
##### 22
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) The amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If any of that sum remains after being so set against the amount in the non-qualifying pool, the amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
##### 23
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) In the following provisions of this paragraph, references to the remaining amount in a pool are references to so much (if any) of the amount in the pool as remains after making any reductions that fall to be made in accordance with paragraph 22.
- (3) The remaining amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the remaining amount in the non-qualifying pool, the remaining amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 24
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the qualifying pool as remains after making any reductions required by paragraph 22 or 23.
## SCHEDULE 19C
## Part 1 — Introductory
### About this Schedule
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period beginning on or after 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying pre-commencement expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) Part 2 makes provision about the application and interpretation of this Schedule.
- (3) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (4) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (5) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (6) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts in respect of any asset representing qualifying pre-commencement expenditure,
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
### Qualifying companies
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in any activities with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
### Accounting periods
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period beginning on or after 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period—beginning on or after 1st January 2006, andending before the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs any expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the activities in the course of which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) But special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 5, 18 and 21(4) to (6)).
### The relevant percentage
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period beginning on or after 1st January 2006 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) above for such accounting periods as may be specified in the order.
### Limit on number of accounting periods for which supplement may be claimed
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
- (3) A claim for supplement by the company under Schedule 19B (exploration expenditure supplement) in respect of an accounting period is to count for the purposes of this paragraph as a claim for supplement under this Schedule in respect of that accounting period.
- (4) But, if the company makes a claim for supplement under this Schedule in respect of the deemed accounting period, any claim for supplement by the company under Schedule 19B in respect of the Schedule 19B deemed accounting period is to be ignored for the purposes of this paragraph.
- (5) For this purpose—
- “*the deemed accounting period*” means the deemed accounting period under paragraph 3(3) beginning on 1st January 2006, and
- “*the Schedule 19B deemed accounting period*” means the deemed accounting period under paragraph 3(3) of Schedule 19B ending before 1st January 2006.
### Qualifying pre-commencement expenditure
##### 6
- (1) For the purposes of this Schedule, expenditure is “qualifying pre-commencement expenditure” if it meets conditions A to D.
- (2) Condition A is that the expenditure is incurred on or after 1st January 2006.
- (3) Condition B is that the expenditure is incurred in the course of oil extraction activities.
- (4) Condition C is that the expenditure is incurred by a person with a view to carrying on a ring fence trade but before the person sets up and commences the ring fence trade.
- (5) Condition D is that the expenditure—
- (a) is subsequently allowable as a deduction in calculating the profits of the ring fence trade for the commencement period (whether or not any part of it is so allowable for any post-commencement period), or
- (b) is relevant R&D expenditure incurred by an SME.
- (6) For the purposes of this paragraph, expenditure incurred by a company is “relevant R&D expenditure incurred by an SME” if—
- (a) the company makes an election under paragraph 14 of Schedule 20 to the Finance Act 2000 (R&D tax relief for SMEs: alternative treatment of pre-trading expenditure) in respect of that expenditure, but
- (b) the company does not make a claim for an R&D tax credit under that Schedule in respect of that expenditure.
- (7) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by an SME, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 150% of its actual amount.
- (8) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by a large company, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 125% of its actual amount.
- (9) For this purpose “*relevant R&D expenditure incurred by a large company*” means qualifying expenditure within the meaning given by paragraph 11(3) of Schedule 12 to the Finance Act 2002 (R&D tax relief for large companies).
### Unrelieved group ring fence profits for accounting periods
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) If an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X's taxable ring fence profits for its accounting period.
- (4) If an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X's taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
### Taxable ring fence profits of an accounting period
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
### Supplement in respect of a pre-commencement accounting period
##### 9
- (1) If—
- (a) a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and
- (b) the expenditure is incurred before the commencement period,
the company may claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period is to be treated as expenditure—
- (a) which is incurred by the company in the commencement period, and
- (b) which is allowable as a deduction in calculating the profits of the ring fence trade for that period.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
### The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is to be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) qualifying pre-commencement expenditure, and
- (c) pre-commencement supplement.
- (2) The pool is to be taken to have consisted of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) the company's qualifying pre-commencement expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (c) the company's pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying pre-commencement expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying pre-commencement expenditure mentioned in paragraph 9(1) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions is to be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement is to be taken to have been added to the pool in that period.
- (5) In this paragraph references to the relevant amount (if any) which the company carries forward under Schedule 19B are to the amount in its mixed pool for the purposes of Part 3 of Schedule 19B immediately before 1st January 2006.
### Reduction in respect of disposal receipts under the Capital Allowances Act
##### 11
- (1) This paragraph applies in the case of the qualifying company if—
- (a) it incurs qualifying pre-commencement expenditure in respect of a ring fence trade in any pre-commencement period,
- (b) it would, on the relevant assumption, be entitled to an allowance under any provision of the Capital Allowances Act in respect of that expenditure,
- (c) an event occurs in relation to any asset representing the expenditure in any pre-commencement period, and
- (d) the event would, on the relevant assumption, require a disposal value (the “deductible amount”) to be brought into account under any provision of the Capital Allowances Act for any pre-commencement period.
- (2) The relevant assumption is that the company was carrying on the ring fence trade—
- (a) when the expenditure was incurred, and
- (b) when the event giving rise to the disposal value occurred.
- (3) For the purpose of allocating qualifying pre-commencement expenditure to the pool for each pre-commencement period—
- (a) find the total amount of the disposal values in the case of all such events (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
### Reduction in respect of unrelieved group ring fence profits
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
### The reference amount for a pre-commencement period
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
### Claims for pre-commencement supplement
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period.
- (2) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for pre-commencement supplement as it applies in relation to a claim for group relief.
## Part 4 — Post-commencement supplement
### Supplement in respect of a post-commencement period
##### 15
- (1) A qualifying company which incurs a ring fence loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period is to be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19B) as if it were a loss—
- (a) which is incurred in carrying on the ring fence trade in that period, and
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
### Amount of post-commencement supplement for a post-commencement period
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.
### Ring fence losses
##### 17
- (1) If—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), the following assumption is to be made.
- (3) The assumption is that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (4) This paragraph is subject to paragraph 18 (special rule for straddling periods).
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### Special rule for straddling periods
##### 18
- (1) This paragraph applies if the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”).
- (2) The amount of the ring fence loss in the deemed accounting period is determined as follows.
- *Step 1*
- Calculate so much of the ring fence loss in the straddling period as, for the purposes of Part 4 of Schedule 19B, is attributable to qualifying E&A allowances for the straddling period.
- The amount given by this step is “the qualifying Schedule 19B amount”.
- *Step 2*
- Calculate so much of the ring fence loss in the straddling period as is attributable to allowances for the straddling period under Part 6 of the Capital Allowances Act in respect of relevant expenditure.
- For the purposes of this step “*relevant expenditure*” means expenditure incurred by the company on or after 1st January 2006 which, but for that fact, would be qualifying E&A expenditure for the purposes of Schedule 19B.
- For the purposes of this step a ring fence loss is attributable to those allowances to the extent that the amount of the loss (less the qualifying Schedule 19B amount) does not exceed the amount of those allowances for that period.
- The amount given by this step is “the amount of the post-1st January 2006 E&A allowances”.
- *Step 3*
- Deduct the qualifying Schedule 19B amount and the amount of the post-1st January 2006 E&A allowances from the amount of the ring fence loss in the straddling period.
- *Step 4*
- Apportion the remaining amount of that loss (if any) to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- The amount given by this step is “the amount of the apportioned loss”.
- *Step 5*
- The amount of the ring fence loss in the deemed accounting period is the amount of the apportioned loss plus the amount of the post-1st January 2006 E&A allowances.
- (3) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
- (4) In this paragraph references to the ring fence loss in the straddling period are to that loss determined on the assumption that the straddling period is the period of the loss for the purposes of paragraph 17.
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, and
- (c) post-commencement supplement.
- (2) The ring fence pool continues even if the amount in it is nil.
- (3) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.
- (4) But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.
- (5) In this paragraph—
- “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006, and
- “*the carried forward non-qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### The ring fence pool
##### 20
- (1) The ring fence pool consists of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (c) the company's post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of ring fence losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a ring fence loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the ring fence pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) If a reduction in the amount in the ring fence pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any ring fence losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool are to be read accordingly.
- (5) In this paragraph “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### Reductions in respect of utilised ring fence losses
##### 21
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If the company has a non-qualifying pool, the amount in the non-qualifying pool is to be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If—
- (a) any of that sum remains after being so set against the amount in the non-qualifying pool, or
- (b) the company does not have a non-qualifying pool,
the amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains or (as the case may be) a sum equal to the total amount set off as mentioned in sub-paragraph (1).
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
### Reductions in respect of unrelieved group ring fence profits
##### 22
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If, after making any reductions that fall to be made in accordance with paragraph 21, the company does not have a non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (3) If, after making any reductions that fall to be made in accordance with paragraph 21, the company has an amount in a non-qualifying pool, the amount in that pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the amount in the non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (5) For the purposes of this paragraph references to the remaining amount in the ring fence pool are references to so much (if any) of the amount in the ring fence pool as remains after making any reductions that fall to be made in accordance with paragraph 21.
### The reference amount for a post-commencement period
##### 23
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains after making any reductions required by paragraph 21 or 22.
##### 3A
Any investment in a common deposit fund established under section 22A of the Charities Act 1960 or section 25 of the Charities Act 1993 or in any similar fund established for the exclusive benefit of charities by or under any enactment relating to any particular charities or class of charities.
##### 6A
Shares in an open-ended investment company.
##### 7A
Uncertificated eligible debt security units as defined in section 552(2) of ITTOIA 2005.
##### 7A
- (1) This paragraph applies if a calculation falls to be made under paragraph 7 above in a case where—
- (a) relief is to be given under section 454 of ITTOIA 2005 (listed deeply discounted securities held since 26th March 2003: relief for losses) in respect of a loss sustained on the disposal of securities, and
- (b) had there been a profit on the disposal it would have been eligible for relief from tax for the year of assessment in which the loss is sustained by virtue of section 592(2).
- (2) That relief is to be given before the calculation under paragraph 7 above is made.
- (3) Then the amount of income to which the specified percentage is applied by virtue of sub-paragraph (3)(a) of that paragraph is reduced by the amount of that relief.
- (4) In this paragraph “*disposal*” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005.
## SCHEDULE 23ZA
### Interpretation
##### 1
- (1) In this Schedule—
- “*the date of the change*” shall be construed in accordance with paragraph 3(2) below;
- “*eligible scheme*” shall be construed in accordance with paragraph 2(4) below;
- “*the personal pension provisions of this Act*” means this Schedule and the other provisions of Chapter IV of Part XIV;
- “*prescribed*” (except in paragraph 2(3)(c)) means specified in, or determined in accordance with, regulations;
- “*regulations*” means regulations made by the Board.
- (2) Any power conferred by this Schedule to make regulations includes power to make different provision for different cases or different purposes.
### Eligible schemes
##### 2
- (1) This Schedule applies to any retirement benefits scheme which is for the time being approved under Chapter I of Part XIV.
- (2) Sub-paragraph (1) above is subject to the following provisions of this paragraph.
- (3) This Schedule applies to a retirement benefits scheme only if—
- (a) it is an occupational pension scheme, as defined in section 1 of the Pension Schemes Act 1993 or section 1 of the Pensions Schemes (Northern Ireland) Act 1993;
- (b) it is a money-purchase scheme, as defined in section 181 of the Pension Schemes Act 1993 or section 176 of the Pensions Schemes (Northern Ireland) Act 1993;
- (c) any documents relating to the scheme which are prescribed under section 631(1) are such that, subject to approval under paragraph 3 below, the scheme is capable of being an approved personal pension scheme for the purposes of Chapter IV of Part XIV as from the date of the change; and
- (d) such other conditions as may be prescribed are satisfied in the case of the scheme.
- (4) Any retirement benefits scheme to which this Schedule applies is referred to in this Schedule as an “eligible scheme".
### Approval of eligible schemes as approved personal pension schemes
##### 3
- (1) The trustees of an eligible scheme may at any time on or after 1st October 2000 apply to the Board for approval of the scheme under this paragraph.
- (2) If an application under sub-paragraph (1) above is granted, the eligible scheme shall, as from such date as the Board may specify in granting the application (the “*date of the change*”),—
- (a) irrevocably cease to be approved, and to be capable of approval, under Chapter I of Part XIV; and
- (b) become an approved personal pension scheme (and subject accordingly to section 631(4) and the other provisions of Chapter IV of Part XIV).
- (3) The date of the change must not be earlier than 6th April 2001.
- (4) An application under sub-paragraph (1) above shall be in such form, shall contain such information, and shall be accompanied by such documents, in such form, and prepared as at such time, as the Board may prescribe.
- (5) The Board may at their discretion grant or refuse an application under sub-paragraph (1) above.
- (6) The Board’s discretion under sub-paragraph (5) above shall be subject to the restrictions set out in sections 632 to 638A and this Schedule.
- (7) The Board shall give notice to the applicant of the grant or refusal of an application.
- (8) A notice under sub-paragraph (7) above shall, in the case of a refusal, state the grounds for the refusal.
- (9) If, at any time after the making of an application under sub-paragraph (1) above, the eligible scheme concerned ceases to be approved under Chapter I of Part XIV otherwise than by virtue of the operation of sub-paragraph (2)(a) above, the scheme shall not, by virtue of that application, become an approved personal pension scheme.
### Excessive funding of certain individual members
##### 4
- (1) The Board may refuse or withhold approval under paragraph 3 above in the case of an eligible scheme of a prescribed description if or so long as they are not satisfied that prescribed requirements will be fulfilled with respect to—
- (a) the value of any prescribed benefits which may be provided for or in respect of an individual member of a prescribed description, and
- (b) the value of the assets held for the purpose of providing benefits for or in respect of that member,
if approval under paragraph 3 above is granted.
- (2) Regulations may make provision for or in connection with cases where the value mentioned in paragraph (b) of sub-paragraph (1) above exceeds, or exceeds by more than a prescribed percentage, the value mentioned in paragraph (a) of that sub-paragraph.
- (3) The provision that may be made by virtue of sub-paragraph (2) above includes provision for or in connection with eliminating or reducing any such excess within a prescribed period by one or more prescribed methods.
- (4) Regulations may make provision for the purposes of this paragraph for or in connection with—
- (a) the valuation of benefits; or
- (b) the valuation of assets.
- (5) The provision that may be made by virtue of sub-paragraph (4)(a) or (b) above includes provision with respect to, or in connection with,—
- (a) the person by whom any such valuation is to be made;
- (b) the method or principles of valuation to be used;
- (c) certification of any such valuations and of any prescribed matters relating to or connected with them;
- (d) any facts, matters or assumptions by reference to which any such valuation is to be made;
- (e) any tables to be used for the purpose of making any such valuation;
- (f) the basis on which any such tables are to be prepared;
- (g) the manner in which any such tables are to be applied.
- (6) The methods or principles of valuation and the tables that may be prescribed by virtue of sub-paragraph (5) above include methods or principles or, as the case may be, tables published by the Government Actuary for any purposes of the personal pension provisions of this Act.
### Directions as to contributions between valuation and date of change etc.
##### 5
- (1) The Board may give directions for or in connection with—
- (a) prohibiting the making of contributions during the post-valuation period, or
- (b) restricting the amount of the contributions that may be made during that period,
by or in respect of members of a converting scheme.
- (2) Directions under sub-paragraph (1) above—
- (a) may be given in respect of schemes generally, schemes of a particular description or any particular scheme or schemes; and
- (b) may make different provision in relation to different schemes or different members.
- (3) Any directions under sub-paragraph (1) above must be complied with by—
- (a) the trustees and managers, or administrators, of any scheme to which the directions relate;
- (b) any member of such a scheme to whom the directions relate; and
- (c) any person who is the employer of such a member.
- (4) If there is any contravention of, or failure to comply with, directions under sub-paragraph (1) above, the Board may—
- (a) refuse or withhold approval of the conversion application in question; or
- (b) revoke or vary any approval granted or any conditions pending the satisfaction of which approval is withheld.
- (5) Sub-paragraph (4) above is without prejudice to any other powers of the Board.
- (6) In this paragraph—
- “*conversion application*”, in the case of a converting scheme, means the application under paragraph 3(1) above in respect of the scheme;
- “*converting scheme*” means a scheme in respect of which an application under paragraph 3(1) above has been made and not withdrawn or finally refused;
- “*the post-valuation period*”, in the case of a converting scheme, means the period which—begins with the day as at which any valuation for the purposes of paragraph 4 above is made in connection with the conversion application; andends with the day preceding the date of the change (or, if earlier, the date on which the conversion application is withdrawn or finally refused).
- (7) For the purposes of this paragraph, an application is “*finally refused*” when it has been refused by the Board and—
- (a) the time for appealing under section 651 against the refusal has expired without such an appeal being made; or
- (b) an appeal under that section against the refusal has been withdrawn or finally disposed of in a way which affirms refusal of the application.
- (8) Any directions under this paragraph must be given in writing.
### Scheme rules to allow changes for purpose of conversion
##### 6
An approved retirement benefits scheme shall be taken to include provisions allowing the making of changes to any provisions of the scheme for the purpose of enabling the scheme to become an eligible scheme, notwithstanding anything to the contrary in any provision of the scheme.
## Schedule 23A
### Interpretation
##### 1
- (1) In this Schedule—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*dividend manufacturer*” has the meaning given by paragraph 2(1) below;
- “*dividend manufacturing regulations*” means regulations made by the Treasury under this Schedule;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*manufactured dividend*” . . . and “*manufactured overseas dividend*” shall be construed respectively in accordance with paragraphs 2 . . . and 4 below, as shall references to the gross amount thereof;
- “*manufactured interest*” means an amount—which is representative of a periodical payment of interest on United Kingdom securities, andwhich, under a contract or other arrangements for the transfer of the securities, one of the parties is required to pay to the other;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of any overseas securities;
- “*overseas dividend manufacturer*” has the meaning given by paragraph 4(1) below;
- “*overseas securities*” means—shares, stock or other securities issued by a government or public or local authority of a territory outside the United Kingdom or by any other body of persons not resident in the United Kingdom;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas tax*” means tax under the law of a territory outside the United Kingdom;
- “*overseas tax credit*” means any such credit under the law of a territory outside the United Kingdom in respect of overseas tax as corresponds to a tax credit;
- “*prescribed*” means prescribed in dividend manufacturing regulations;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*securities*” includes any loan stock or similar security;
- “*transfer*” includes any sale or other disposal;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*United Kingdom equities*” means shares of any company resident in the United Kingdom;
- “*United Kingdom securities*” means securities of the government of the United Kingdom, of any public or local authority in the United Kingdom or of any company or other body resident in the United Kingdom, but does not include . . . United Kingdom equities.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends on UK equities: general
##### 2
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of United Kingdom equities, one of the parties (a “*dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount (a “*manufactured dividend*”) which is representative of a dividend on the equities.
- (2) Where a manufactured dividend is paid by a dividend manufacturer who is a company resident in the United Kingdom, the Corporation Tax Acts shall have effect—
- (a) in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the UK equities in question; and
- (b) in relation to the dividend manufacturer, as if the amount paid were a dividend of his.
- (3) Where a manufactured dividend to which sub-paragraph (2) above does not apply is paid by any person—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the Corporation Tax Acts shall have effect in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the United Kingdom equities in question; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . Where—
- (a) a dividend manufacturer pays a manufactured dividend . . . , . . . , and
- (aa) the dividend manufacturer is a non-UK resident company within the charge to corporation tax,
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the dividend manufacturer shall, on paying the manufactured dividend, provide the recipient with a statement in writing setting out the matters specified in sub-paragraph (7) below.
- (7) Those matters are—
- (a) the amount of the manufactured dividend;
- (b) the date of the payment of the manufactured dividend; and
- (c) the amount of the tax credit to which, by virtue of sub-paragraph (3)(b) above or section 573(2) of ITA 2007, the recipient or a person claiming title through or under him either—
- (i) is entitled in respect of the manufactured dividend, or
- (ii) would be so entitled were all the conditions of a right to a tax credit satisfied, in the case of the recipient or that person, as respects the dividend which the recipient is deemed to receive.
- (8) The duty imposed by sub-paragraph (6) above shall be enforceable at the suit or instance of the recipient.
### Manufactured interest on United Kingdom securities
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Deductibility of manufactured payment in the case of the manufacturer
##### 2A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends representative of foreign income dividends
##### 2B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured overseas dividends
##### 4
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of overseas securities, one of the parties (the “*overseas dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount representative of an overseas dividend on the overseas securities; and in this Schedule the “*manufactured overseas dividend*” means any payment which the overseas dividend manufacturer makes in discharge of that requirement.
- (1A) Where a manufactured overseas dividend is paid as set out in sub-paragraph (1) above it shall be treated—
- (a) as an expense of the trade where a company carries on a trade to which that payment relates;
- (b) where a company has investment business to which the payment relates, for the purposes of section 75 as expenses of management;
- (c) in the case of a company carrying on life assurance business—
- (i) so far as the payment is referable to basic life assurance and general annuity business, for the purposes of section 76 as if it were an expense payable falling to be brought into account at Step 3 of subsection (7) of that section, and
- (ii) the payment is to be treated as referable to basic life assurance and general annuity business to the extent that the overseas dividend of which it is representative is or would, if it were received by the company, be so referable by virtue of section 432A.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Where a manufactured overseas dividend is paid after deduction of the amount required by section 922(2) of ITA 2007 (amount of income tax to be deducted at source), or where the amount of tax required under section 923 of that Act (income tax to be accounted for and paid) in respect of such a dividend has been accounted for and paid, then for all purposes of the Corporation Tax Acts. . . —
- (a) the manufactured overseas dividend shall be treated in relation to the recipient, and all companies claiming title through or under the recipient, as if it were an overseas dividend of an amount equal to the gross amount of the manufactured overseas dividend, but paid after the withholding therefrom, on account of overseas tax, of the amount deducted under section 922(2) of ITA 2007; and
- (b) the amount so deducted shall accordingly be treated in relation to the recipient, and all companies claiming title through or under the recipient, as an amount so withheld instead of as an amount on account of income tax.
- (5) For the purposes of this paragraph—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the gross amount of a manufactured overseas dividend is an amount equal to the gross amount of that overseas dividend of which the manufactured overseas dividend is representative, as mentioned in sub-paragraph (1) above; and
- (c) the gross amount of an overseas dividend is an amount equal to the aggregate of—
- (i) so much of the overseas dividend as remains after the deduction of the overseas tax (if any) chargeable on it;
- (ii) the amount of the overseas tax (if any) so deducted; and
- (iii) the amount of the overseas tax credit (if any) in respect of the overseas dividend.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7AA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) Without prejudice to section 97 of the Finance Act 1996 (manufactured interest), the references in this paragraph to all the purposes of the Corporation Tax Acts do not include the purposes of Chapter II of Part IV of that Act (loan relationships).
##### 4A
- (1) A reference in paragraph 4(4)(a) or (b) to the relevant amount in relation to an amount deducted under section 922(2) of ITA 2007 is—
- (a) where the deduction is made in respect of a manufactured overseas dividend that is treated as paid under paragraph 13(1) of Schedule 13 to FA 2007 (sale and repurchase of securities), to amount A, and
- (b) otherwise, to the amount deducted under section 922(2) of ITA 2007.
- (2) Amount A is—
- (a) in a case to which sub-paragraph (3) applies, the amount deducted under section 922(2) of ITA 2007,
- (b) in a case to which sub-paragraph (4) applies—
- (i) the amount deducted under section 922(2) of ITA 2007, less
- (ii) the excess mentioned in that sub-paragraph, and
- (c) in any other case, nil.
- (3) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid equals the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (4) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid exceeds the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (5) In this paragraph “the repurchase price” of the securities means the price at which the payer of the manufactured overseas dividend is entitled or obliged to sell the securities, or similar securities, to the recipient of the manufactured overseas dividend.
- (6) In this paragraph “*the securities*” means the securities in respect of which the overseas dividend of which the manufactured overseas dividend is representative is paid.
- (7) In this paragraph “*the relevant net amount*” means—
- (a) the gross amount of the overseas dividend of which the manufactured overseas dividend is representative, less
- (b) the amount deducted under section 922(2) of ITA 2007.
### Dividends and interest passing through the market
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Unapproved manufactured payments
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Irregular manufactured payments
##### 7
- (1) . . . In any case where (apart from this paragraph)—
- (a) an amount paid by way of manufactured dividend would exceed the amount of the dividend of which it is representative, or
- (b) the aggregate of—
- (i) an amount paid by way of . . . manufactured overseas dividend, and
- (ii) the tax required to be accounted for in connection with the making of that payment,
would exceed the gross amount (as determined in accordance with paragraph . . . 4 above) of the . . . overseas dividend of which it is representative . . . ,
the payment shall, to the extent of an amount equal to the excess, not be regarded for the purposes of this Schedule as made in discharge of the requirement referred to in paragraph 2(1). . . or 4(1) above, as the case may be, but shall instead to that extent be taken for all purposes of the Corporation Tax Acts to constitute a separate fee for entering into the contract or other arrangements under which it was made, notwithstanding anything in paragraph 2 above or anything in paragraph 4 other than in sub-paragraph (1A).
- (1A) Sub-paragraph (1) above does not apply in the case of the amount of any . . . manufactured overseas dividend which falls in accordance with section 97 of the Finance Act 1996 to be treated for the purposes of Chapter II of Part IV of that Act as interest under a loan relationship.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purpose of giving relief under any provision of the Corporation Tax Acts in a case falling within paragraph . . . 4(1) above where (apart from this paragraph) the aggregate referred to in sub-paragraph (1)(b) above would be less than the gross amount there mentioned—
- (a) the gross amount of the . . . manufactured overseas dividend shall be taken to be an amount equal to the aggregate referred to in sub-paragraph (1)(b) above, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
notwithstanding anything in paragraph . . . 4 above.
- (4) In this paragraph “*relief*” means relief by way of—
- (a) deduction in computing profits or gains; or
- (b) deduction . . . against . . . total profits.
### Manufactured payments under arrangements having an unallowable purpose
##### 7A
- (1) This paragraph applies in any case where—
- (a) a manufactured payment falls to be made by a company in an accounting period in pursuance of any arrangements (see sub-paragraphs (9) and (10) for definitions), and
- (b) the arrangements have an unallowable purpose at any time (see sub-paragraphs (3) to (5)).
But this is subject to sub-paragraph (8) below (cases where tax relief is denied apart from this paragraph).
- (2) The company is not entitled, by virtue of anything in this Schedule or any provision of regulations under it, or otherwise, to any relevant tax relief (see sub-paragraph (10)), to the extent that the relief is in respect of, or referable to, the whole or any part of so much of the manufactured payment as, on a just and reasonable apportionment, is attributable to the unallowable purpose.
- (3) Arrangements have an unallowable purpose at any time if at that time the purposes for which the company is a party to—
- (a) the arrangements,
- (b) any related transaction (see sub-paragraphs (6) and (7)), or
- (c) any transaction in pursuance of the arrangements,
include a purpose (“the unallowable purpose”) which is not among the business or other commercial purposes of the company.
- (4) The business and other commercial purposes of a company do not include the purposes of any part of its activities in respect of which it is not within the charge to corporation tax.
- (5) Where one of the purposes for which a company is at any time a party to—
- (a) any arrangements,
- (b) any related transaction in the case of any arrangements, or
- (c) any transaction in pursuance of any arrangements,
is a tax avoidance purpose, that purpose shall be taken to be a business or other commercial purpose of the company only where it is not the main purpose, or one of the main purposes, for which the company is party to the arrangements or transaction at that time.
- (6) One or more transactions are to be regarded as related transactions, in the case of any arrangements, if it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into or effected,
that none of the transactions would have been entered into or effected independently of the arrangements.
- (7) Transactions are not prevented from being related transactions, in the case of any arrangements, just because the transactions—
- (a) are not between the same parties, or
- (b) are not between the parties to the arrangements.
- (8) This paragraph does not apply if, as a result of any of the following provisions—
- (a) section 75(4)(b) (expenses of management of companies with investment business: unallowable purposes),
- (b) section 76(4)(d) (expenses of insurance companies: unallowable purposes),
- (c) paragraph 13 of Schedule 9 to the Finance Act 1996 (loan relationships with unallowable purposes),
the company in question is not entitled to a relevant tax relief in respect of, or referable to, the whole or any part of the manufactured payment.
The references to sections 75 and 76 are references to those provisions as they have effect in relation to accounting periods beginning on or after 1st April 2004.
- (9) Any reference in this paragraph to a manufactured payment falling to be made by a company includes a reference to a manufactured payment which is deemed by or under any provision of the Tax Acts to be made by a company (and references to a transaction, or to a company being party to a transaction, are to be construed accordingly).
- (10) In this paragraph—
- “*arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable, and shall be taken to include any related transactions;
- “*manufactured payment*” means any of the following—any manufactured dividend;any manufactured interest;any manufactured overseas dividend;any payment which by virtue of paragraph 7(1) constitutes a fee;
- “*related transaction*” shall be construed in accordance with sub-paragraphs (6) and (7) above;
- “*relevant tax relief*” means any of the following—any deduction in computing profits or gains for the purposes of corporation tax;any deduction against total profits;the bringing into account of any debit for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships);the surrender of an amount by way of group relief;
- “*tax advantage*” has the meaning given by section 840ZA;
- “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the company in question or any other person);
- and sub-paragraphs (3) to (7) above have effect for the purposes of this paragraph.
### Dividend manufacturing regulations: general
##### 8
- (1) Dividend manufacturing regulations may make provision for—
- (a) such manufactured dividends . . . or manufactured overseas dividends as may be prescribed,
- (aa) such persons who receive, or become entitled to receive, manufactured dividends . . . or manufactured overseas dividends as may be prescribed, or
- (b) such dividend manufacturers . . . or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 and 4 above for the purposes of such provisions of the Corporation Tax Acts as may be prescribed.
- (1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
- (a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
- (b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Corporation Tax Acts . . . , to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
- (2) Dividend manufacturing regulations may make provision with respect to—
- (a) the accounts and other records which are to be kept,
- (b) the vouchers which are to be issued or produced,
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
by persons by . . . whom manufactured dividends . . . are paid.
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Dividend manufacturing regulations may—
- (a) make provision for prescribed provisions of the Management Act to apply for corporation tax purposes in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Dividend manufacturing regulations may make different provision for different cases.
##### 4A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 11A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Exchange gains and losses
##### 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Transfer pricing
##### 20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2A
- (1) Paragraph 2 above shall have effect in accordance with this paragraph to determine whether a controlled foreign company . . . pursues an acceptable distribution policy in respect of a particular accounting period (“*the relevant accounting period*”).
- (2) Subject to sub-paragraph (4) below, where the distribution condition is satisfied in relation to the relevant accounting period, then, in addition to any dividend which falls within paragraph 2(1)(a) above apart from this paragraph—
- (a) any dividend which is paid for the accounting period (“*the preceding period*”) immediately preceding the relevant accounting period and which is not an excluded dividend shall be treated as falling within that paragraph, and
- (b) if the distribution condition is satisfied in relation to the preceding period, any dividend which is paid for the accounting period immediately preceding the preceding period and which is not an excluded dividend shall be treated as falling within that paragraph,
and so on; and in this sub-paragraph “*dividend*” means a dividend not paid out of specified profits.
- (3) For the purposes of this paragraph, the distribution condition is satisfied in relation to any accounting period if—
- (a) a dividend or dividends are paid for the period to persons resident in the United Kingdom,
- (b) the amount or, as the case may be, aggregate amount of any dividends falling within paragraph (a) above is not less than—
- (i) the relevant profits for that period, or
- (ii) where paragraph 2(4) or (5) above applies (with the modifications of paragraph 2 made by sub-paragraph (5) below), the appropriate portion of those profits, and
- (c) any dividends falling within that paragraph are paid not later than the time by which any dividend paid for the relevant accounting period is required by paragraph 2(1)(b) above to be paid;
or if there are no relevant profits for the period.
- (4) Where, by reason only of the fact that a company pursued an acceptable distribution policy in respect of any accounting period (“*the earlier period*”) earlier than the relevant accounting period, no apportionment under section 747(3) fell to be made in respect of the earlier period, sub-paragraph (2) above shall apply to any dividend required to be taken into account for the purpose of showing that the company pursued an acceptable distribution policy in respect of the earlier period only to the extent (if any) to which that dividend was not required to be taken into account for that purpose.
- (5) The modifications of paragraph 2 above referred to in sub-paragraph (3)(b) above are that—
- (a) the references in sub-paragraphs (4) and (5) to the accounting period in question are to be read as references to the accounting period for which the dividend or dividends are paid,
- (b) the references in those sub-paragraphs to sub-paragraph (1)(d) are to be read as references to sub-paragraph (3)(b) above, and
- (c) the reference in the definition of “X” in sub-paragraph (6) to net chargeable profits is to be read as a reference to relevant profits.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the purposes of this paragraph—
- (aa) a dividend is an excluded dividend if it is paid, in whole or in part, out of the total profits from which (in accordance with section 747(6)(a)) the chargeable profits for an excluded period are derived,
- (a) a period is an excluded period if it is an accounting period in respect of which an apportionment under section 747(3) falls to be made, and
- (b) relevant profits for any accounting period are the profits which would be the relevant profits of that period for the purposes of section 799 if a dividend were actually paid for that period.
##### 2B
- (1) This paragraph has effect for the purposes of paragraph 2(1A)(b) above.
- (2) No payment of dividend by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 4A
- (1) This paragraph has effect for the purposes of paragraph 4(1A)(b) above.
- (2) No payment to a company resident in the United Kingdom which represents the whole or part of a dividend paid by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that—
- (a) there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period, and
- (b) so much of the dividend as is represented by that payment will (if paragraph 4(1) above has effect) fall to be brought into account in determining whether the controlled foreign company has done so.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 11A
- (1) This paragraph has effect for the interpretation of paragraph 6(2B) above.
- (2) “*Contract of long-term insurance*” means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
- (3) “*Protection business*” means contracts of long-term insurance where—
- (a) either—
- (i) the contract has no surrender value; or
- (ii) the consideration consists of a single premium and the surrender value does not exceed the amount of that premium; and
- (b) the contract makes no provision for its conversion or extension in a manner which would result in its ceasing to fall within paragraph (a) above;
and references to protection business include a reference to reinsurance of protection business.
- (4) “*Insurance group*” shall be construed in accordance with section 255A(5) of the Companies Act 1985 (meaning of “insurance group” in Part 7) but reading Part 7 of that Act—
- (a) as if it extended to Northern Ireland, and
- (b) as if any reference to a company (within the meaning of that Act) included a reference to a company as defined in Article 3 of the Companies (Northern Ireland) Order 1986,
but does not include such an insurance group if it falls within sub-paragraph (5) below.
- (5) Such an insurance group falls within this sub-paragraph if (within the meaning of that Part as so read) the parent company is a subsidiary undertaking of a parent company which is neither—
- (a) the parent company of an insurance group; nor
- (b) a subsidiary undertaking of the parent company of an insurance group.
- (6) A controlled foreign company is, in accordance with sub-paragraphs (4) and (5) above, a “*member of an insurance group*” if (within the meaning of that Part as so read) it is the parent company, or a subsidiary undertaking of the parent company, of an insurance group which is by virtue of sub-paragraph (4) above an insurance group for the purposes of paragraph 6(2B) above.
- (7) A company’s main business is “*insuring or reinsuring large risks*” if (and only if)—
- (a) the company’s main business is the effecting or carrying out of contracts of insurance; and
- (b) 50% or more of its gross trading receipts from that business are derived from insuring or reinsuring large risks.
- “*Large risks*” is defined in paragraph 11B below.
- (8) In this paragraph—
- “*contract of insurance*” has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*contract of long-term insurance*” has the meaning given by sub-paragraph (2) above.
##### 11B
- (1) In paragraph 11A above “*large risks*” means—
- (a) risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- (b) risks falling within classes 14 and 15 of that Part which relate to a business carried on by the policy holder;
- (c) risks falling within classes 3, 8, 9, 10, 13 and 16 of that Part where the policy holder carries on a business in respect of which the condition specified in sub-paragraph (2) below is satisfied.
- (2) The condition referred to in sub-paragraph (1)(c) above is that, in the case of that business of the policy holder, at least two of the three following criteria were exceeded in the most recent financial year beginning on or after 1st January 1999 for which the information is available—
- (a) balance sheet total: 6.2 million euros;
- (b) net turnover: 12.8 million euros;
- (c) number of employees: 250.
- (3) For the purposes of sub-paragraph (2) above as it applies where the policy holder is a company, within the meaning of section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986,—
- (a) “*balance sheet total*” has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- (b) “*net turnover*” has the meaning given to “*turnover*” by section 262(1) of that Act or Article 270(1) of that Order; and
- (c) “*number of employees*” has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
and for a financial year which is a company’s financial year but not in fact a year, the net turnover of the company shall be proportionately reduced.
- (4) Where the policy holder is a member of a group for which consolidated accounts (within the meaning of Directive [83/349/EEC](https://www.legislation.gov.uk/european/directive/1983/0349)) are drawn up, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to those accounts.
- (5) For the purposes of sub-paragraph (1)(c) above as it applies where the policy holder is a professional association, joint venture or temporary grouping, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to the aggregate of the figures of the description in question for all the members of the professional association, joint venture or temporary grouping.
- (6) In sub-paragraphs (1) to (5) above “*business*” includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping.
- (7) For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate.
- (8) In this paragraph—
- “*euro*” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- “*financial year*”, in relation to any person, means the period (not exceeding 12 months) for which that person makes up accounts.
##### 12A
- (1) In paragraphs 6, 8(3) and 12(5) above and this paragraph, “*superior holding company*” means—
- (a) a company whose business consists wholly or mainly in the holding of shares or securities of companies which—
- (i) are holding companies or local holding companies; or
- (ii) are themselves superior holding companies; or
- (b) a company which would fall within paragraph (a) above if there were disregarded so much of its business as consists in the holding of property or rights of any description for use wholly or mainly by companies which it controls and which are resident in the territory in which it is resident.
- (2) For the purposes of sub-paragraphs (4A) and (4B) of paragraph 6 above, the income of a company during any period which “*represents qualifying exempt activity income of its subsidiaries*” is any income of the company during that period which is directly or indirectly derived from companies—
- (a) which it controls, and
- (b) which, throughout that period, fall within sub-paragraph (4B)(a) of that paragraph, but
- (c) which are not holding companies other than local holding companies.
- (3) In determining for the purposes of sub-paragraph (4A) or (4B) of paragraph 6 above the companies from which, and the proportions in which, different descriptions of income of a company are derived (whether directly or indirectly), any dividend shall be taken to be paid out of the appropriate profits.
- (4) Subsections (3) and (4) of section 799 (which provide rules for determining the profits out of which a dividend is to be regarded as paid for the purpose of subsection (1) of that section) shall apply for determining the appropriate profits for the purposes of subsection (3) above as they apply for determining the relevant profits for the purposes of subsection (1) of that section.
- (5) Sub-paragraphs (4) to (6) of paragraph 12 above shall apply in relation to sub-paragraph (4A) or (4B) of paragraph 6 above and a superior holding company as they apply in relation to sub-paragraph (3) or (4) of paragraph 6 above and a holding company, but taking the reference in sub-paragraph (4) of paragraph 12 above to paragraph (a) or (b) of sub-paragraph (1) of that paragraph as a reference to paragraph (a) or (b) of sub-paragraph (1) above.
## Part 2A — Trading Companies with Limited UK Connection
### Introductory
##### 12B
- (1) For the purposes of section 748(1)(ba), a controlled foreign company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12C),
- (b) business activities (see paragraph 12D),
- (c) UK connection (see paragraph 12E), and
- (d) finance income and relevant IP income (see paragraph 12F).
### Business establishment
##### 12C
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Business activities
##### 12D
- (1) The requirement of this paragraph is that—
- (a) C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities, or
- (b) if C is wholly engaged in business falling within paragraph 11(1)(c) (banking etc), C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities which do not constitute investment business.
- (2) For this purpose—
- “*non-exempt activities*” means—the holding or managing of shares or securities,the holding of intellectual property,dealing in securities, other than in the capacity of a broker,the leasing of any description of property or rights,the investment in any manner of funds which would otherwise be available, directly or indirectly, for investment by or on behalf of any person (whether resident in the United Kingdom or not) who has, or is connected or associated with a person who has, control, either alone or together with other persons, of C, andif C is not a member of an insurance group throughout the accounting period, the effecting or carrying out of contracts of insurance between C and persons related to C;
- “*investment business*” means activities within paragraphs (a) to (d) of paragraph 9(1).
- (3) For the purposes of sub-paragraph (2)(f), a person is “related” to C if—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period in question (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in that accounting period by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (4) In sub-paragraph (2)—
- “*broker*” includes any person offering to sell securities to, or purchase securities from, members of the public generally;
- “*contract of insurance*” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*insurance group*” has the meaning given by paragraph 11A(4);
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*member of an insurance group*” has the meaning given by paragraph 11A(6).
### UK connection
##### 12E
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if Condition A or B is met.
- (3) Condition A is that—
- (a) the UK-connected gross income of C's business for that period exceeds 10% of the gross income of that business for that period, and
- (b) sub-paragraph (4) does not apply.
- (4) This sub-paragraph applies if—
- (a) at all times in the accounting period there are sufficient individuals working for C in the territory in which it is resident, or in any other territory outside of the United Kingdom, who have the competence and authority to undertake all, or substantially all, of C's business,
- (b) C's relevant profits for the accounting period do not exceed 10% of C's relevant operating expenses for that period, and
- (c) the UK-connected gross income of C's business for that period does not exceed 50% of the gross income of that business for that period.
- (5) Condition B is that—
- (a) the UK-connected related-party business expenditure of C's business for that period exceeds 50% of the total related-party business expenditure of C's business for that period, and
- (b) during the accounting period C has been involved in a scheme where the main purpose, or one of the main purposes, of any party to the scheme in entering into the scheme is to achieve a reduction in corporation tax or any tax chargeable as if it were corporation tax.
- (6) For the purposes of sub-paragraph (4)(a), individuals are not to be regarded as working for C in any territory unless—
- (a) they are employed by C in the territory, or
- (b) they are otherwise directed by C to perform duties on its behalf in the territory.
- (7) In this paragraph—
- “*related-party business expenditure*” means any expenditure, other than capital expenditure, which gives rise, directly or indirectly, to income of a person related to C;
- “relevant profits”, for an accounting period, means the total profits of C for that period calculated in accordance with generally accepted accounting practice (disregarding any capital gains or losses), but before any deduction for interest or tax;
- “relevant operating expenses” of C means operating expenses of C other than—the cost of goods sold, andrelated-party business expenditure;
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*UK-connected gross income*” means the gross income derived, directly or indirectly, from persons who are within the charge to United Kingdom tax for all or part of the accounting period;
- “*UK-connected related-party business expenditure*” means related-party business expenditure which gives rise, directly or indirectly, to income of a person within the charge to United Kingdom tax in respect of that income;
- “*United Kingdom tax*” means income tax or corporation tax;
and paragraph 12D(3) (persons “related” to C) applies for the purposes of this paragraph as it applies for the purposes of paragraph 12D(2)(f).
- (8) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there, for the purposes of sub-paragraph (7)—
- (a) the gross income derived from that company is so much of the gross income as is attributable to that establishment, and
- (b) the income received by that company is such of its income as is attributable to that establishment.
### Finance income and relevant IP income
##### 12F
- (1) The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period falls within sub-paragraph (2).
- (2) Gross income falls within this sub-paragraph to the extent that it is—
- (a) finance income, or
- (b) relevant IP income.
- (3) “*Finance income*” means—
- (a) any amount which in accordance with UK generally accepted accounting practice falls to be recognised as arising from a financial asset, and
- (b) any return, in relation to an amount, which—
- (i) is produced for C by an arrangement to which C is party, and
- (ii) is economically equivalent to interest,
except to the extent that the return is taken into account in determining an amount within paragraph (a).
- (4) “*Relevant IP income*” means royalties and receipts of a similar nature arising from intellectual property.
- (5) For the purposes of sub-paragraph (3)(b), the amount of a return is the amount which by virtue of the return would, in calculating C's chargeable profits, be treated under section 486B of CTA 2009 (disguised interest to be regarded as profit from loan relationship) as a profit arising to C from a loan relationship.
- (6) But, in calculating that profit for the purposes of sub-paragraph (5), sections 486B(7) and 486C to 486E of CTA 2009 are to be ignored.
- (7) In this paragraph—
- “*economically equivalent to interest*” is to be construed in accordance with section 486B(2) and (3) of CTA 2009;
- “*financial asset*” means a financial asset as defined for the purposes of UK generally accepted accounting practice or international accounting standards;
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A).
### Gross income
##### 12G
- (1) References in this Part of this Schedule to C's gross income are to be construed in accordance with this paragraph.
- (2) C's gross income for an accounting period does not include—
- (a) any distribution that would not be included in C's chargeable profits by reason of it being exempt for the purposes of Part 9A of CTA 2009 (see section 931A of that Act), or
- (b) any amount that would be taken into account in computing chargeable gains if C were within the charge to corporation tax.
- (3) C's gross income for an accounting period includes—
- (a) any income which accrues during that period to the trustees of a settlement in relation to which C is a settlor or a beneficiary, and
- (b) any income which accrues during that period to a partnership of which C is a partner, apportioned between C and the other partners on a just and reasonable basis.
- (4) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in sub-paragraph (3)(a), the income is to be apportioned between C and the other settlors or beneficiaries on a just and reasonable basis.
- (5) In this paragraph—
- “*distribution*” has the same meaning as in the Corporation Tax Acts (see Part 23 of CTA 2010);
- “*partnership*” includes an entity established under the law of a country or territory outside the United Kingdom of a similar character to a partnership; and “partner” is to be read accordingly.
## Part 2B — Companies Exploiting Intellectual Property with Limited UK Connection
### Introductory
##### 12H
- (1) For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12I),
- (b) intellectual property business (see paragraph 12J),
- (c) other business activities (see paragraph 12K),
- (d) UK connection (see paragraph 12L), and
- (e) finance income (see paragraph 12M).
### Business establishment
##### 12I
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Intellectual property business
##### 12J
- (1) The requirement of this paragraph is that C's main business, throughout the accounting period, consists of the exploitation of intellectual property which does not have a relevant UK connection.
- (2) For the purposes of sub-paragraph (1), if any part of C's main business consists of the exploitation of intellectual property which has a relevant UK connection, that part is to be ignored if it is an insignificant part of C's main business.
- (3) Intellectual property has a relevant UK connection if—
- (a) at any time during the accounting period or the 6 years immediately preceding that period, it has been held by a person resident in the United Kingdom, or
- (b) activities relating to the creation, maintenance or enhancement of the intellectual property (other than activities of an incidental or insignificant nature) have been carried on by a person who for some or all of the period—
- (i) beginning when the activities were first carried on by the person, and
- (ii) ending at the end of the accounting period,
was related to C and within the charge to United Kingdom tax.
### Other business activities
##### 12K
- (1) The requirement of this paragraph is that—
- (a) C does not, at any time during the accounting period, carry on any activities otherwise than in the course of its main business, or
- (b) if it carries on any such activities (“secondary activities”), the secondary activities condition is met.
- (2) The secondary activities condition is that either—
- (a) the secondary activities do not, at any time during the accounting period, constitute a substantial part of the activities of C's business taken as a whole, or
- (b) section 748(1)(b) or (ba) would apply to prevent an apportionment under section 747(3) falling to be made as regards that period, if C's business consisted only of the secondary activities carried on by it during the accounting period.
### UK connection
##### 12L
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if—
- (a) all or a substantial proportion of C's gross income for that period consists of income from the exploitation of intellectual property which derives from persons within the charge to United Kingdom tax, or
- (b) during that period C incurs expenditure (other than expenditure of an incidental or insignificant nature) on—
- (i) R&D sub-contractor payments, or
- (ii) the creation, development or maintenance of relevant intellectual property,
and that expenditure forms part of the income of a person who for some or all of that period is related to C and within the charge to United Kingdom tax.
- (3) In this paragraph—
- “*R&D sub-contractor payment*” means a payment made by C to another person in respect of research and development contracted out by C to that person;
- “*relevant intellectual property*” means intellectual property which does not have a relevant UK connection (see paragraph 12J(3)) and which C exploits in the course of its main business.
### Finance income
##### 12M
The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period consists of finance income (within the meaning of paragraph 12F(3)).
### Interpretation of Part 2B
##### 12N
- (1) For the purpose of this Part of this Schedule—
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G (meaning of “gross income”) applies as it applies for the purposes of Part 2A of this Schedule.
- (2) For the purposes of this Part of this Schedule a person is “related” to C at a particular time if at that time—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period of C in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (3) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there—
- (a) for the purposes of paragraph 12J(3)(b), the activities carried on by the company are such of the activities as are carried on through that establishment,
- (b) for the purposes of paragraph 12L(2)(a), the income derived from that company is such of the income so derived as is attributable to that establishment, and
- (c) for the purposes of paragraph 12L(2)(b), the income of that company is such of its income as is attributable to that establishment.
## Part 3A — Exempt Periods
### Introductory
##### 15A
The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).
### Beginning of exempt period
##### 15B
- (1) An exempt period begins in relation to a company (“X”) at a time (“*the relevant time*”) when—
- (a) X is resident outside the United Kingdom,
- (b) X is controlled by persons resident in the United Kingdom,
- (c) there is at least one relevant UK corporate investor in X, and
- (d) the requirements of paragraph 15C or 15D are met.
- (2) There is a “relevant UK corporate investor in X” at a particular time if, at that time, there is a company which—
- (a) is resident in the United Kingdom, and
- (b) would, on the assumptions set out in sub-paragraph (3), be a company to which an apportionment of X's chargeable profits for the relevant accounting period would fall to be made in circumstances where section 747(5) would not prevent tax being chargeable on the company under section 747(4).
- (3) The assumptions are—
- (a) X has chargeable profits for the relevant accounting period,
- (b) an apportionment of those profits falls to be made under section 747(3) for that period, and
- (c) no reduction of those profits arises under section 751A, 751AA or 751AB.
- (4) “*The relevant accounting period*” means the accounting period of X in which the time mentioned in sub-paragraph (2) falls.
##### 15C
- (1) The requirements of this paragraph are that—
- (a) no company was, at any time before the relevant time, a relevant UK corporate investor in X,
- (b) no asset owned by X, or part of the business carried on by X, at the relevant time was previously owned, or carried on, by a company which—
- (i) was under the control of persons resident in the United Kingdom at any time it owned the asset or carried on the part of the business, and
- (ii) is or has been related to X,
- (c) condition A, B, C or D is met, and
- (d) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) Condition A is that, immediately before the relevant time, X—
- (a) was in existence, but
- (b) was not a member of the same group of companies as any person who, at the relevant time, was a controlling UK person.
- (3) Condition B is that—
- (a) at the relevant time X is controlled by a company which is resident in the United Kingdom, and
- (b) immediately before that time, X was controlled by that same company but that company was not then resident in the United Kingdom.
- (4) Condition C is that—
- (a) at the relevant time—
- (i) X is controlled by a company which is resident in the United Kingdom (“the intermediate parent”), and
- (ii) the intermediate parent is controlled by a company which is not resident in the United Kingdom (“the parent”), and
- (b) immediately before that time X was controlled by the parent but not the intermediate parent.
- (5) Condition D is that X—
- (a) is a controlled foreign company at the time it is formed, and
- (b) is formed by one or more persons for the purpose of controlling one or more companies in circumstances where it is expected that an exempt period will begin in relation to one or more of those companies at the time when X begins to control the company or companies.
- (6) In this paragraph “*controlling UK person*” means a person resident in the United Kingdom who alone, or together with other such persons, controls X.
##### 15D
- (1) The requirements of this paragraph are that—
- (a) the relevant time falls after 23 March 2011,
- (b) X has an accounting period during which 23 March 2011 falls,
- (c) no company was, at any time during that accounting period, a relevant UK corporate investor in X,
- (d) no company was, immediately before the relevant time, a relevant UK corporate investor in X,
- (e) at the relevant time X is controlled by a company which—
- (i) is resident in the United Kingdom, and
- (ii) is not under the control of another body corporate, or two or more other bodies corporate taken together, and
- (f) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) In determining for the purposes of sub-paragraph (1)(e)(ii) whether a company is under the control of two or more bodies corporate taken together, a body corporate which holds less than 10% of the issued ordinary shares of that company is to be disregarded.
- (3) For the purposes of sub-paragraph (2), a body corporate is treated as holding any shares held by persons who are connected or associated with the body corporate.
### Disqualifying relevant transactions
##### 15E
- (1) This paragraph applies for the purposes of paragraph 15C and 15D.
- (2) A disqualifying relevant transaction occurs if—
- (a) a relevant transaction occurs at the relevant time (whether or not the transaction occurs pursuant to an agreement entered into by X before that time), or
- (b) a relevant transaction occurs on or after 9 December 2010 but before the relevant time and that transaction forms part of an avoidance scheme.
- (3) “*Relevant transaction*” means—
- (a) the making by X of a loan or advance of an amount (other than a negligible amount) to a person who, at the time it is made, is related to X and subject to United Kingdom tax,
- (b) an increase (other than an increase of a negligible amount) in the amount of an existing loan or advance made by X to a person who, at the time of the increase, is related to X and subject to United Kingdom tax,
- (c) a change in the terms or conditions of an existing loan or advance made by X where—
- (i) the loan or advance is to a person who, at the time the change is made, is related to X and subject to United Kingdom tax, and
- (ii) the change has an effect (other than a negligible effect) on the amount of interest payable, or
- (d) a transaction to which sub-paragraph (4) applies.
- (4) This sub-paragraph applies to a transaction if—
- (a) it is referable to an activity carried on by X as part, or the whole, of any non-exempt activities carried on by X,
- (b) the results of the transaction are reflected in the profits arising in an accounting period of X and are not negligible in value, and
- (c) the results of the transaction alone, or together with the results of one or more other transactions, achieves a reduction in United Kingdom tax.
- (5) A transaction achieves, or two or more transactions together achieve, a reduction in United Kingdom tax if, had the transaction or transactions not been effected, any person—
- (a) would have been liable for any such tax or for a greater amount of any such tax, or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (6) In this paragraph—
- “*avoidance scheme*” means a scheme the main purpose, or one of the main purposes, of any party to which in entering into the scheme is to secure that section 748(1)(f) prevents an apportionment falling to be made under section 747(3) as regards an accounting period, or accounting periods, of X;
- “*non-exempt activities*” has the meaning given by paragraph 12D(2);
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*United Kingdom tax*” means corporation tax (or any tax chargeable as if it were corporation tax) or income tax.
### Ending of exempt period
##### 15F
- (1) An exempt period ends on the expiry of the period of 24 months which begins immediately after the first accounting period of X to end after the relevant time, unless sub-paragraph (2) applies.
- (2) If an early termination event occurs after the relevant time but before the time the exempt period would end under sub-paragraph (1), the exempt period ends immediately before that event.
- (3) An early termination event occurs if and when—
- (a) a relevant transaction occurs, whether or not the transaction occurs pursuant to an agreement entered into by X before that time, or
- (b) where the exempt period began because Condition D was met, X's business does not consist wholly in the holding of shares of companies which X controls, together with activities incidental to the holding of such shares.
### Interpretation of Part 3A
##### 15G
- (1) In this Part of this Schedule—
- “*group*” means a company and any other companies it controls;
- “*the relevant time*” has the meaning given by paragraph 15B;
- “*relevant transaction*” has the meaning given by paragraph 15E;
- “*relevant UK corporate investor in X*” has the meaning given by paragraph 15B(2);
- “*X*” is to be construed in accordance with paragraph 15B.
- (2) For the purposes of this Part of this Schedule a person is “related” to X at a particular time if—
- (a) the person is connected or associated with X at that time,
- (b) the person has a 25 per cent assessable interest in X in the case of the accounting period in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if X is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 21
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Part 3 — Supplementary
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 9
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Schedule 28A
## Part I — Significant increase in company capital
### General
##### 1
The provisions referred to in section 768B(2) for determining whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company are as follows.
### The basic rule
##### 2
There is a significant increase in the amount of a company’s capital if amount B—
- (a) exceeds amount A by at least £1 million; or
- (b) is at least twice amount A.
### Amount A
##### 3
- (1) Amount A is the lower of—
- (a) the amount of the company’s capital immediately before the change in the ownership; and
- (b) the highest 60 day minimum amount for the pre-change year, found in accordance with sub-paragraphs (2) to (6) below.
- (2) Find the daily amounts of the company’s capital over the pre-change year.
- (3) Take the highest of the daily amounts.
- (4) Find out whether there was in the pre-change year a period of 60 days or more in which there was no daily amount lower than the amount taken.
- (5) If there was, the amount taken is the highest 60 day minimum amount for the pre-change year.
- (6) If there was not, take the next highest of the daily amounts and repeat the process in sub-paragraph (4) above; and so on, until the highest 60 day minimum amount for the pre-change year is found.
- (7) In this Part of this Schedule “*the pre-change year*” means the period of one year ending immediately before the change in the ownership of the company in question.
### Amount B
##### 4
- (1) Amount B is the highest 60 day minimum amount for the post-change period (finding that amount for that period in the same way as the highest 60 day minimum amount for the pre-change year is found).
- (2) In this paragraph “*the post-change period*” means the period of three years beginning with the change in the ownership of the company in question.
### Capital and amounts of capital
##### 5
- (1) The capital of a company consists of the aggregate of—
- (a) the amount of the paid up share capital of the company;
- (b) the amount outstanding of any debts incurred by the company which are of a description mentioned in any of paragraphs (a) to (c) of section 417(7); and
- (c) the amount outstanding of any redeemable loan capital issued by the company.
- (2) For the purposes of sub-paragraph (1) above—
- (a) the amount of the paid up share capital includes any amount in the share premium account of the company (construing “share premium account” in the same way as in section 130 of the Companies Act 1985); and
- (b) the amount outstanding of any debts includes any interest due on the debts.
- (3) Amounts of capital shall be expressed in sterling and rounded up to the nearest pound.
## Part II — Amounts in issue for purposes of section 768B
##### 6
The amounts in issue referred to in section 768B(4)(c) are—
- (a) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than under section 75;
- (b) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (c) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (d) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (da) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within sub-paragraph (dc) below) ;
- (db) the amount of any non-trading debit (other than one within sub-paragraph . . . (dd) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (dc) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (dd) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (de) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (df) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule;
- (e) any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.
##### 6A
For the purposes of paragraph 6(da) above, the amount for any accounting period of the adjusted Case III profits and gains or non-trading deficit of a company is the amount which, as the case may be, would be—
- (a) the amount of the profits and gains chargeable under Case III of Schedule D as profits and gains arising from the company’s loan relationships, or
- (b) the amount of the company’s non-trading deficit on those relationships for that period,
if, in computing that amount, amounts for that period falling within paragraph 6(db) to (dd) above were disregarded.
## Part III — Apportionment for purposes of section 768B
##### 7
- (1) Subject to paragraph 8 below, the apportionment required by section 768B(4)(c) shall be made—
- (a) in the case of the sums mentioned in paragraph 6(a) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 6(b) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 6(c) above, or in the case of the non-trading deficit mentioned in paragraph 6(dc) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 6(d) , (da) and (e) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to be brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 6(dd) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided.
- (g) in the case of any such credit or debit as is mentioned in paragraph 6(de), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 6(df) above, by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
If it appears that any method of apportionment given by paragraph 7 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## Part IV — Excess overdue interest
### Introductory
##### 9
- (1) This paragraph has effect in a case to which section 768B applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account shall not include the debits falling within paragraph 11 below to the extent (if at all) that the aggregate of—
- (a) the amount of those debits, and
- (b) the amount of any debits falling within that paragraph which have been brought into account for the purposes of that Chapter for any previous accounting period ending after the change in the ownership,
exceeds the profits for the accounting period ending with the change in the ownership.
- (3) The reference in sub-paragraph (2) above to the profits is a reference to profits after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes.
### The rules
##### 10
- (1) This paragraph has effect in a case to which section 768C applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the relevant company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account for any such accounting period shall not include the debits falling within paragraph 11 below to the extent (if at all) that the amount of those debits exceeds the modified total profits for the accounting period.
- (3) The reference in sub-paragraph (2) above to the modified total profits for an accounting period is a reference to the total profits for that period—
- (a) reduced, if that period is the period in which the relevant gain accrues, by an amount equal to the amount of the total profits for that period which represents the relevant gain; and
- (b) after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes, other than any reduction by virtue of paragraph 1(2) of Schedule 8 to the Finance Act 1996.
- (4) Where by virtue of sub-paragraph (2) above a debit is to any extent not brought into account for an accounting period, that debit may (to that extent) be brought into account for the next accounting period, but this is subject to the application of sub-paragraphs (1) to (3) above to that next accounting period.
##### 11
- (1) A debit falls within this paragraph if it is a non-trading debit which—
- (a) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting;
- (b) so falls to be brought into account—
- (i) with an adjustment under paragraph 17 or 18 of Schedule 9 to that Act (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed); or
- (ii) on the assumption, specified in sub-paragraph (2) of paragraph 2 of that Schedule, that the interest to which it relates does not accrue until it is paid; and
- (c) apart from paragraphs 2(2), 17 and 18 of that Schedule, would have fallen to be brought into account for those purposes for an accounting period ending before or with the change in the ownership of the company or, as the case may be, the relevant company.
- (2) The debits that fall within this paragraph also include—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) any non-trading debit given by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company or, as the case may be, the relevant company.
- (3) The debits that fall within this paragraph also include any non-trading debit which—
- (a) is not such a debit as is mentioned in sub-paragraph (1) or (2) above;
- (b) is a debit in respect of a debtor relationship of the company or, as the case may be, the relevant company;
- (c) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting; and
- (d) relates to an amount that accrued before the change in the ownership of that company.
- (4) In this paragraph “*post-change accounting period*” means the accounting period beginning immediately after the change in the ownership of the company or, as the case may be, the relevant company.
##### 12
Expressions used both in this Part of this Schedule and in Chapter II of Part IV of the Finance Act 1996 have the same meanings in this Part of this Schedule as in that Chapter.
## Part IV — Disallowed debits
##### 9A
- (1) This paragraph has effect in any case to which section 768B applies where the non-trading deficit mentioned in paragraph 6(dc) above is apportioned by paragraph 7(b) above to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
##### 10A
- (1) This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
## Part V — Amounts in issue for purposes of section 768C
##### 13
- (1) The amounts in issue referred to in section 768C(3)(c) are—
- (a) the amount which would in accordance with the relevant provisions of the 1992 Act (and apart from section 768C) be included in respect of chargeable gains in the total profits for the accounting period being divided;
- (b) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided except any such expenses as would (apart from section 768C) be deductible in computing total profits otherwise than under section 75;
- (c) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (d) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (e) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768C) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (ea) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within paragraph (ec) below);
- (eb) the amount of any non-trading debit (other than one within paragraph . . . (ed) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (ec) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (ed) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (ee) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (ef) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule; and
- (f) any other amounts by reference to which the profits or losses of the accounting period being divided would (apart from section 768C) be calculated.
- (2) In sub-paragraph (1)(a) above “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act.
##### 13A
Paragraph 6A above shall apply for the purposes of paragraph 13(1)(ea) above as it applies for the purposes of paragraph 6(da) above.
## Part VI — Apportionment for purposes of section 768C
##### 14
The apportionment required by section 768C(3)(c) shall be made as follows.
##### 15
In the case of the amount mentioned in paragraph 13(1)(a) above—
- (a) if it does not exceed the amount of the relevant gain, the whole of it shall be apportioned to the second part of the accounting period being divided;
- (b) if it exceeds the amount of the relevant gain, the excess shall be apportioned to the first part of the accounting period being divided and the relevant gain shall be apportioned to the second part.
##### 16
- (1) Subject to paragraph 17 below, the apportionment shall be made—
- (a) in the case of the sums mentioned in paragraph 13(1)(b) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 13(1)(c) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 13(1)(d) above, or in the case of the non-trading deficit mentioned in paragraph 13(1)(ec) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 13(1)(e) , (ea) and (f) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 13(1)(ed) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (g) in the case of any such credit or debit as is mentioned in paragraph 13(ee), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 13(ef), by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
If it appears that any method of apportionment given by paragraph 16 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## SCHEDULE 28AA
### Basic rule on transfer pricing etc.
##### 1
- (1) This Schedule applies where—
- (a) provision (“the actual provision") has been made or imposed as between any two persons (“the affected persons") by means of a transaction or series of transactions, and
- (b) at the time of the making or imposition of the actual provision—
- (i) one of the affected persons was directly or indirectly participating in the management, control or capital of the other; or
- (ii) the same person or persons was or were directly or indirectly participating in the management, control or capital of each of the affected persons.
- (2) Subject to paragraphs 5A, 5B, 8, 10 and 13 below, if the actual provision—
- (a) differs from the provision (“the arm"s length provision’) which would have been made as between independent enterprises, and
- (b) confers a potential advantage in relation to United Kingdom taxation on one of the affected persons, or (whether or not the same advantage) on each of them,
the profits and losses of the potentially advantaged person or, as the case may be, of each of the potentially advantaged persons shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision.
- (3) For the purposes of this Schedule the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises shall include the case in which provision is made or imposed as between any two persons but no provision would have been made as between independent enterprises; and references in this Schedule to the arm’s length provision shall be construed accordingly.
### Provision in relation to securities: determination of arm’s length provision
##### 1A
- (1) This paragraph applies where—
- (a) both of the affected persons are companies, and
- (b) the actual provision is provision in relation to a security issued by one of those companies (“the issuing company”).
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the special relationship (see sub-paragraph (6) below),
- (b) the amount which the loan would have been in the absence of the special relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship (see sub-paragraphs (7) and (8) below).
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) In this paragraph “*special relationship*” means any relationship by virtue of which the condition in paragraph 1(1)(b) above is satisfied in the case of the affected persons.
- (7) In this paragraph any reference to a guarantee includes a reference to a surety and to any other relationship, arrangements, connection or understanding (whether formal or informal) such that the person making the loan to the issuing company has a reasonable expectation that in the event of a default by the issuing company he will be paid by, or out of the assets of, one or more companies.
- (8) For the purposes of this paragraph, the cases where one company has a “*participatory relationship*”with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (9) In this paragraph “*security*” includes securities not creating or evidencing a charge on assets.
- (10) For the purposes of this paragraph—
- (a) interest payable by a company on money advanced without the issue of a security for the advance, or
- (b) other consideration given by a company for the use of money so advanced,
shall be treated as if payable or given in respect of a security issued for the advance by the company, and references in this paragraph to a security shall be construed accordingly.
### Guarantees etc
##### 1B
- (1) This paragraph applies where the actual provision is made or imposed by means of a series of transactions which include—
- (a) the issuing of a security by a company which is one of the affected persons (“the issuing company”), and
- (b) the provision of a guarantee by a company which is the other of those persons.
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the guarantee would have been provided at all in the absence of the special relationship,
- (b) the amount that would have been guaranteed in the absence of the special relationship, and
- (c) the consideration for the guarantee and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company provides a guarantee in respect of another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to provide guarantees generally,
the fact that it is not part of the first company’s business to provide guarantees generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship.
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (6) (meaning of special relationship);
- (b) sub-paragraph (7) (construction of references to a guarantee);
- (c) sub-paragraph (8) (meaning of participatory relationship);
- (d) sub-paragraph (9) (meaning of security);
- (e) sub-paragraph (10) (extended meaning of security).
### Principles for construing rules in accordance with OECD principles
##### 2
- (1) This Schedule shall be construed (subject to paragraphs 8 to 11 below) in such manner as best secures consistency between—
- (a) the effect given to paragraph 1 above; and
- (b) the effect which, in accordance with the transfer pricing guidelines, is to be given, in cases where double taxation arrangements incorporate the whole or any part of the OECD model, to so much of the arrangements as does so.
- (2) In this paragraph “*the OECD model*” means—
- (a) the rules which, at the passing of this Act, were contained in Article 9 of the Model Tax Convention on Income and on Capital published by the Organisation for Economic Co-operation and Development; or
- (b) any rules in the same or equivalent terms.
- (3) In this paragraph “*the transfer pricing guidelines*” means—
- (a) all the documents published by the Organisation for Economic Co-operation and Development, at any time before 1st May 1998, as part of their Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations; and
- (b) such documents published by that Organisation on or after that date as may for the purposes of this Schedule be designated, by an order made by the Treasury, as comprised in the transfer pricing guidelines.
### Meaning of “transaction" and “series of transactions"
##### 3
- (1) In this Schedule “*transaction*” includes arrangements, understandings and mutual practices (whether or not they are, or are intended to be, legally enforceable).
- (2) References in this Schedule to a series of transactions include references to a number of transactions each entered into (whether or not one after the other) in pursuance of, or in relation to, the same arrangement.
- (3) A series of transactions shall not be prevented by reason only of one or more of the matters mentioned in sub-paragraph (4) below from being regarded for the purposes of this Schedule as a series of transactions by means of which provision has been made or imposed as between any two persons.
- (4) Those matters are—
- (a) that there is no transaction in the series to which both those persons are parties;
- (b) that the parties to any arrangement in pursuance of which the transactions in the series are entered into do not include one or both of those persons; and
- (c) that there is one or more transactions in the series to which neither of those persons is a party.
- (5) In this paragraph, “*arrangement*” means any scheme or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable).
### Participation in the management, control or capital of a person
##### 4
- (1) For the purposes of this Schedule a person is directly participating in the management, control or capital of another person at a particular time if, and only if, that other person is at that time—
- (a) a body corporate or a partnership; and
- (b) controlled by the first person.
- (2) For the purposes of this Schedule a person (“*the potential participant*”) is indirectly participating in the management, control or capital of another person at a particular time if, and (subject to paragraphs 4A and 6(4C) below) only if—
- (a) he would be taken to be directly so participating at that time if the rights and powers attributed to him included all the rights and powers mentioned in sub-paragraph (3) below that are not already attributed to him for the purposes of sub-paragraph (1) above; or
- (b) he is, at that time, one of a number of major participants in that other person’s enterprise.
- (3) The rights and powers referred to in sub-paragraph (2)(a) above are—
- (a) rights and powers which the potential participant is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of persons other than the potential participant to the extent that they are rights or powers falling within sub-paragraph (4) below;
- (c) rights and powers of any person with whom the potential participant is connected; and
- (d) rights and powers which for the purposes of sub-paragraph (2)(a) above would be attributed to a person with whom the potential participant is connected if that connected person were himself the potential participant.
- (4) Rights and powers fall within this sub-paragraph to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the potential participant;
- (ii) under the direction of the potential participant; or
- (iii) for the benefit of the potential participant;
and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (5) In sub-paragraphs (3)(b) to (d) and (4) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (6) In paragraph (d) of sub-paragraph (3) above, the reference to rights and powers which would be attributed to a connected person if he were the potential participant includes a reference to rights and powers which, by applying that paragraph wherever one person is connected with another, would be so attributed to him through a number of persons each of whom is connected with at least one of the others.
- (7) For the purposes of this paragraph a person (“*the potential major participant*”) is a major participant in another person’s enterprise at a particular time if at that time—
- (a) that other person (“*the subordinate*”) is a body corporate or partnership; and
- (b) the 40 per cent. test is satisfied in the case of each of two persons who, taken together, control the subordinate and of whom one is the potential major participant.
- (8) For the purposes of this paragraph the 40 per cent. test is satisfied in the case of each of two persons wherever each of them has interests, rights and powers representing at least 40 per cent. of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the subordinate.
- (9) For the purposes of this paragraph—
- (a) the question whether a person is controlled by any two or more persons taken together, and
- (b) any question whether the 40 per cent. test is satisfied in the case of a person who is one of two persons,
shall be determined after attributing to each of the persons all the rights and powers attributed to a potential participant for the purposes of sub-paragraph (2)(a) above.
- (10) References in this paragraph—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
- (11) For the purposes of this paragraph two persons are connected with each other if—
- (a) one of them is an individual and the other is his spouse or civil partner, a relative of his or of his spouse or civil partner, or the spouse or civil partner of such a relative; or
- (b) one of them is a trustee of a settlement and the other is—
- (i) a person who in relation to that settlement is a settlor; or
- (ii) a person who is connected with a person falling within sub-paragraph (i) above.
- (12) In sub-paragraph (11) above—
- “*relative*” means brother, sister, ancestor or lineal descendant; and
- “*settlement*” and “*settlor*” have the same meanings as in section 620 of ITTOIA 2005.
### Persons acting together in relation to financing arrangements
##### 4A
- (1) A person (“P”) shall be treated for the purposes of paragraph 1(1)(b)(i) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for A;
- (b) A is a body corporate or partnership;
- (c) P and other persons acted together in relation to the financing arrangements; and
- (d) P would be taken to have control of A if, at any relevant time, there were attributed to P the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (2) A person (“Q”) shall be treated for the purposes of paragraph 1(1)(b)(ii) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of each of the affected persons at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for one of the affected persons (“B”);
- (b) B is a body corporate or partnership;
- (c) Q and other persons acted together in relation to the financing arrangements; and
- (d) Q would be taken to have control of both B and the other affected person if, at any relevant time, there were attributed to Q the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (3) It is immaterial for the purposes of sub-paragraph (1)(c) or (2)(c) above whether P or Q and the other persons acting together in relation to the financing arrangements did so at the time of the making or imposition of the actual provision or at some earlier time.
- (4) In sub-paragraph (1)(d) or (2)(d) “*relevant time*” means—
- (a) a time when P or Q and the other persons were acting together in relation to the financing arrangements; or
- (b) a time in the period of six months beginning with the day on which they ceased so to act.
- (5) In determining for the purposes of sub-paragraph (1)(d) or (2)(d) whether P or Q would be taken to have control of another person, the rights and powers of any person (and not just P or Q) shall be taken to include those that would be attributed to that person in determining under paragraph 4 above whether he is indirectly participating in the management, control or capital of the other person.
- (6) In this paragraph “*financing arrangements*” means arrangements made for providing or guaranteeing, or otherwise in connection with, any debt, capital or other form of finance.
- (7) Where the condition in paragraph 1(1)(b) above would not be satisfied but for this paragraph, paragraph 1(2) above applies only to the extent that the actual provision relates to the financing arrangements in question.
### Financing arrangements: anticipatory provision
##### 4B
- (1) To the extent that it applies to provision relating to financing arrangements, this Schedule has effect as if in paragraph 1(1)(b) above the words “or within the period of six months beginning with the day on which the actual provision was made or imposed” were inserted immediately before sub-paragraph (i).
- (2) In this paragraph “*financing arrangements*” has the same meaning as in paragraph 4A above.
### Advantage in relation to United Kingdom taxation
##### 5
- (1) For the purposes of this Schedule . . . the actual provision confers a potential advantage on a person in relation to United Kingdom taxation wherever, disregarding this Schedule, the effect of making or imposing the actual provision, instead of the arm’s length provision, would be one or both of the following, that is to say—
- (a) that a smaller amount (which may be nil) would be taken for tax purposes to be the amount of that person’s profits for any chargeable period; or
- (b) that a larger amount (or, if there would not otherwise have been losses, any amount of more than nil) would be taken for tax purposes to be the amount for any chargeable period of any losses of that person.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- (a) disregarded income within the meaning given by section 813 of ITA 2007 (limits on liability to income tax of non-UK residents), or
- (b) disregarded company income within the meaning given by section 816 of that Act.
### Exemption for dormant companies
##### 5A
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which satisfies the condition in sub-paragraph (2) below.
- (2) The condition is that—
- (a) the company was dormant throughout the pre-qualifying period, and
- (b) apart from paragraph 1 above, the company has continued to be dormant at all times since the end of the pre-qualifying period.
- (3) In sub-paragraph (2) above “*the pre-qualifying period*” means—
- (a) if there is an accounting period of the company that ends on 31st March 2004, that accounting period, or
- (b) if there is no such accounting period, the period of 3 months ending with that date.
- (4) In this paragraph “*dormant*” has the same meaning as in section 249AA of the Companies Act 1985 (see subsections (4) to (7) of that section).
### Exemption for small or medium-sized enterprises
##### 5B
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see paragraph 5D below).
- (2) Exceptions to sub-paragraph (1) above are provided—
- (a) in the case of a small enterprise, by sub-paragraphs (3) and (4) below, and
- (b) in the case of a medium-sized enterprise, by sub-paragraphs (3) and (4) and paragraph 5C below.
- (3) The first exception is where the small or medium-sized enterprise elects for sub-paragraph (1) above not to apply in relation to the chargeable period.
Any such election is irrevocable.
- (4) The second exception is where, at the time when the actual provision is or was made or imposed,—
- (a) the other affected person, or
- (b) a party to a relevant transaction (see sub-paragraph (5) below),
is a resident (see sub-paragraph (6) below) of a non-qualifying territory (whether or not that person is also a resident of a qualifying territory).
- (5) For the purposes of sub-paragraph (4) above, a “party to a relevant transaction” is a person who, in a case where the actual provision is or was imposed by means of a series of transactions, is or was a party to one or more of those transactions.
- (6) In this paragraph “*resident*”, in relation to a territory,—
- (a) means a person who, under the laws of that territory, is liable to tax there by reason of his domicile, residence or place of management, but
- (b) does not include a person who is liable to tax in that territory in respect only of income from sources in that territory or capital situated there.
- (7) The definitions of “qualifying territory” and “non-qualifying territory” are in paragraph 5E below.
### Additional provisions for medium-sized enterprises
##### 5C
- (1) Paragraph 5B(1) above does not apply as respects any provision made or imposed if—
- (a) the potentially advantaged person in question is a medium-sized enterprise for the chargeable period in question, and
- (b) the Board gives that person a notice under this sub-paragraph (a “*transfer pricing notice*”) requiring him to compute the profits and losses of that chargeable period in accordance with paragraph 1(2) above in the case of that provision.
- (2) A transfer pricing notice may be given in respect of —
- (a) any provision specified, or of a description specified, in the notice, or
- (b) every provision in relation to which the assumption in paragraph 1(2) above would fall to be made apart from paragraph 5B(1) above.
- (3) A transfer pricing notice may be given only after a notice of enquiry has been given to the potentially advantaged person in respect of his tax return for the chargeable period.
- (4) A transfer pricing notice must identify the officer of the Board to whom any notice of appeal under this paragraph is to be given.
- (5) A person to whom a transfer pricing notice is given may appeal against the decision to give the notice, but only on the grounds that the condition in sub-paragraph (1)(a) above is not satisfied.
- (6) Any such appeal must be brought by giving written notice of appeal to the officer of the Board identified for the purpose in the transfer pricing notice in accordance with sub-paragraph (4) above.
- (7) The notice of appeal must be given before the end of the period of 30 days beginning with the day on which the transfer pricing notice is given.
- (8) A person to whom a transfer pricing notice is given may amend his tax return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with—
- (a) the day on which the notice is given, or
- (b) if he appeals against the notice, the day on which the appeal is finally determined or abandoned.
- (9) Where a transfer pricing notice is given in the case of any tax return, no closure notice may be given in relation to that tax return until—
- (a) the end of the period of 90 days specified in sub-paragraph (8) above, or
- (b) the earlier amendment of the tax return for the purpose of complying with the notice.
- (10) So far as relating to any provision made or imposed by or in relation to a person—
- (a) who is a medium-sized enterprise for a chargeable period,
- (b) who does not make an election under paragraph 5B(3) above for that period, and
- (c) who is not excepted from paragraph 5B(1) above by virtue of paragraph 5B(4) above in relation to that provision for that period,
the tax return required to be made for that period is a return that disregards paragraph 1(2) above.
- (11) Sub-paragraph (10) above does not prevent a tax return for a period becoming incorrect if, in the case of any provision made or imposed,—
- (a) a transfer pricing notice is given which has effect in relation to that provision for that period,
- (b) the return is not amended in accordance with sub-paragraph (8) above for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this paragraph—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998;
- “*tax return*” means—a return under section 8, 8A or 12AA of the Management Act, ora company tax return.
### Meaning of “small enterprise” and “medium-sized enterprise”
##### 5D
- (1) In this Schedule—
- (a) “*small enterprise*” means a small enterprise as defined in the Annex to the Commission Recommendation,
- (b) “*medium-sized enterprise*” means an enterprise which—
- (i) falls within the category of micro, small and medium-sized enterprises as defined in that Annex, and
- (ii) is not a small enterprise as defined in that Annex,
but for these purposes that Annex has effect with the modifications set out in sub-paragraphs (3) to (6) of this paragraph.
- (2) In this paragraph—
- “*the Annex*” means the Annex to the Commission Recommendation;
- “*the Commission Recommendation*” means Commission Recommendation 2003/361/EC of 6th May 2003 (concerning the definition of micro, small and medium-sized enterprises).
- (3) Where any enterprise is in liquidation or administration, the rights of the liquidator or administrator (in that capacity) shall be left out of account when applying Article 3(3)(b) of the Annex in determining for the purposes of this Schedule whether—
- (a) that enterprise, or
- (b) any other enterprise (including that of the liquidator or administrator),
is a small or medium-sized enterprise.
- (4) Article 3 of the Annex shall have effect with the omission of paragraph 5 (declaration in good faith where control cannot be determined etc).
- (5) The first sentence of Article 4(1) of the Annex shall have effect as if the data to apply to—
- (a) the headcount of staff, and
- (b) the financial amounts,
were the data relating to the chargeable period in paragraph 5B(1) above (instead of the period described in that sentence) and calculated on an annual basis.
- (6) Article 4 of the Annex shall have effect with the omission of the following provisions—
- (a) the second sentence of paragraph 1 (data to be taken into account from date of closure of accounts);
- (b) paragraph 2 (no change of status unless ceilings exceeded for two consecutive periods);
- (c) paragraph 3 (bona fide estimate in case of newly established enterprise).
### Meaning of “qualifying territory” and “non-qualifying territory”
##### 5E
- (1) In this Schedule—
- “*non-qualifying territory*” means any territory which is not a qualifying territory;
- “*qualifying territory*” means—the United Kingdom, orany territory as respects which Condition 1 or Condition 2 below is satisfied.
- (2) Condition 1 is that—
- (a) arrangements to which section 788 applies (double taxation relief by agreement with other territories) have been made in relation to the territory;
- (b) those arrangements contain a non-discrimination provision (see sub-paragraphs (4) and (5) below); and
- (c) the territory is not designated as a non-qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (3) Condition 2 is that—
- (a) arrangements to which section 788 applies have been made in relation to the territory; and
- (b) the territory is designated as a qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (4) For the purposes of this paragraph a “*non-discrimination provision*”, in relation to any arrangement to which section 788 applies, is a provision to the effect that nationals of a state which is a party to those arrangements (a “contracting state”) are not to be subject in any other contracting state to—
- (a) any taxation, or
- (b) any requirement connected with taxation,
which is other or more burdensome than the taxation and connected requirements to which nationals of that other state in the same circumstances (in particular with respect to residence) are or may be subjected.
- (5) In this paragraph, “*national*”, in relation to a contracting state, includes—
- (a) any individual possessing the nationality or citizenship of the contracting state,
- (b) any legal person, partnership or association deriving its status as such from the laws in force in that contracting state.
- (6) A statutory instrument containing regulations under this paragraph shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Elimination of double counting
##### 6
- (1) This paragraph applies where—
- (a) only one of the affected persons (“the advantaged person”) is a person on whom a potential advantage in relation to United Kingdom taxation is conferred by the actual provision; and
- (b) the other affected person (“the disadvantaged person”) is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (2) Subject to sub-paragraphs (3) to (6) and paragraphs6C, 6D, 7 and 8 below, on the making of a claim by the disadvantaged person for the purposes of this paragraph—
- (a) the profits and losses of the disadvantaged person shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) notwithstanding any limit in the Tax Acts on the time within which any adjustment may be made, all such adjustments shall be made in his case as may be required to give effect to the assumption that the arm’s length provision was made or imposed instead of the actual provision.
- (3) A claim made by the disadvantaged person for the purposes of this paragraph—
- (a) shall not be made unless a computation has been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision; and
- (b) must be consistent with the computation made on that basis in the case of the advantaged person.
- (4) For the purposes of sub-paragraph (3) above a computation shall be taken to have been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision if, and only if—
- (a) the computations made for the purposes of any return by the advantaged person have been made on that basis by virtue of this Schedule; or
- (b) a relevant notice given to the advantaged person takes account of a determination in pursuance of this Schedule of an amount falling to be brought into account for tax purposes on that basis.
- (4A) A claim by the disadvantaged person for the purposes of this paragraph shall not be made where—
- (a) the condition in paragraph 1(1)(b) above would not be satisfied but for paragraph 4A above;
- (b) the actual provision is provision in relation to a security issued by one of the affected persons (“*the issuer*”);
- (c) a guarantee is provided in relation to the security by a person with whom the issuer has a participatory relationship.
In this sub-paragraph “*security*” and “*guarantee*” have the same meaning as in paragraph 1A above.
- (4B) For the purposes of sub-paragraph (4A) above, the cases where one person has a “*participatory relationship*” with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (4C) Paragraph 4A above applies for the purposes of sub-paragraph (4B) above as it applies for the purposes of paragraph 1(1)(b) above.
- (5) Subject to section 111(3)(b) of the Finance Act 1998 (which provides for the extension of the period for making a claim), a claim for the purposes of this paragraph shall not be made except within one of the following periods—
- (a) in a case where a return has been made by the advantaged person on the basis mentioned in sub-paragraph (3)(a) above, the period of two years beginning with the day of the making of the return; and
- (b) in any case where a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above has been given to the advantaged person, the period of two years beginning with the day on which that notice was given.
- (6) Subject to section 111(3)(b) of the Finance Act 1998, where—
- (a) a claim for the purposes of this paragraph is made by the disadvantaged person in relation to a return made on the basis mentioned in sub-paragraph (3)(a) above, and
- (b) a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above is subsequently given to the advantaged person,
the disadvantaged person shall be entitled, within the period mentioned in sub-paragraph (5)(b) above, to make any such amendment of the claim as may be appropriate in consequence of the determination contained in that notice.
- (7) In this paragraph—
- “*relevant notice*” means—a closure notice under section 28A(1) or 28B(1) of the Management Act in relation to an enquiry into a return under section 8 or 8A of that Act or into a partnership return;a closure notice under paragraph 32 of Schedule 18 to the Finance Act 1998 in relation to an enquiry into a company tax return;a notice of an assessment under section 29 of the Management Act;a notice of any discovery assessment or discovery determination under paragraph 41 of Schedule 18 to the Finance Act 1998 (including any notice of an assessment by virtue of paragraph 52 of that Schedule);a notice under section 30B(1) of the Management Act amending a partnership return;
- “*return*” means any return required to be made under the Management Act or Schedule 18 to the Finance Act 1998 for income tax or corporation tax purposes or any voluntary amendment of such a return; and
- “*voluntary amendment*”, in relation to a return, means —an amendment under section 9ZA or 12ABA of the Management Act (amendment of personal, trustee or partnership return by taxpayer), oran amendment under Schedule 18 to the Finance Act 1998 other than one made in response to the giving of a relevant notice.
### Application of paragraph 6 in relation to transfers of trading stock etc
##### 6A
- (1) Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
- (a) closing trading stock, or
- (b) closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
- (2) For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
- (3) For the purposes of this paragraph “*trading stock*”, in relation to any trade, has the same meaning as it has for the purposes of section 100 above (see subsection (2) of that section) or Chapter 12 of Part 2 of ITTOIA 2005 (see section 174 of that Act) (valuation of trading stock at discontinuance of trade).
### Compensating adjustment where advantaged person is a controlled foreign company
##### 6B
- (1) This paragraph applies in any case where—
- (a) the actual provision is provision made or imposed in relation to a controlled foreign company,
- (b) in determining for the purposes of Chapter 4 of Part 17 the amount of that company’s chargeable profits for an accounting period, its profits and losses fall to be computed in accordance with paragraph 1(2) above in the case of that provision,
- (c) the whole of those chargeable profits fall to be apportioned under section 747(3) to one or more companies resident in the United Kingdom, and
- (d) tax is chargeable by virtue of section 747(4) in respect of the whole of those chargeable profits, as so apportioned to those companies.
- (2) Where this paragraph applies, paragraph 6 above shall have effect as if the controlled foreign company were a person on whom a potential advantage in relation to United Kingdom taxation were conferred by the actual provision.
- (3) In the application of paragraph 6 above by virtue of this paragraph—
- (a) references to the advantaged person in sub-paragraphs (4)(a) and (b), (5)(a) and (b) and (6)(b) of that paragraph include a reference to any of the companies mentioned in sub-paragraph (1)(c) above, and
- (b) references to corporation tax include a reference to tax chargeable by virtue of section 747(4).
- (4) In this paragraph—
- “*controlled foreign company*” has the same meaning as in Chapter 4 of Part 17;
- “*accounting period*”, in relation to a controlled foreign company, has the same meaning as in Chapter 4 of Part 17.
### Claims under paragraph 6 where paragraph 1A applies
##### 6C
- (1) Where paragraph 1A above applies in relation to any provision, this paragraph has effect in relation to that provision.
- (2) A claim under paragraph 6(2) above may be made in accordance with this paragraph.
For the purposes of this Schedule a “paragraph 6C claim” is a claim under paragraph 6(2) above made in accordance with this paragraph.
- (3) A paragraph 6C claim may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such claim made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (4) A paragraph 6C claim may be made before or after a computation falling within paragraph 6(3)(a) above has been made.
- (5) A paragraph 6C claim must be made either—
- (a) at any time before the end of the period mentioned in paragraph 6(5)(a) above, or
- (b) within the period mentioned in paragraph 6(5)(b) above,
but this is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making a claim).
- (6) A paragraph 6C claim is not a claim within paragraph 57 or 58 of Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters).
Accordingly, paragraph 59 of that Schedule (application of Schedule 1A to the Management Act) has effect in relation to a paragraph 6C claim.
- (7) Where—
- (a) a paragraph 6C claim is made before a computation falling within paragraph 6(3)(a) above has been made,
- (b) such a computation is subsequently made, and
- (c) the claim is not consistent with the computation,
the affected persons shall be treated as if (instead of the claim actually made) a claim had been made that was consistent with the computation.
- (8) All such adjustments shall be made (whether by discharge or repayment of tax, the making of assessments or otherwise) as are required to give effect to sub-paragraph (7) above.
- (9) Sub-paragraph (8) above has effect notwithstanding any limit on the time within which any adjustment may be made.
- (10) Where—
- (a) a paragraph 6C claim is made,
- (b) a return is subsequently made by the advantaged person on the basis mentioned in paragraph 6(3)(a) above, and
- (c) a relevant notice (within the meaning of paragraph 6 above) taking account of such a determination as is mentioned in paragraph 6(4)(b) above is subsequently given to the advantaged person,
sub-paragraph (11) below applies.
- (11) Where this sub-paragraph applies, any such amendment of the paragraph 6C claim as may be appropriate in consequence of the determination contained in the relevant notice may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such amendment made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (12) Any such amendment must be made within the period mentioned in paragraph 6(5)(b) above.
But that is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making amendment).
### Compensating adjustment for guarantor company etc where paragraph 1B applies
##### 6D
- (1) This paragraph applies in any case where—
- (a) a company (“the issuing company”) has liabilities under a security issued by the company,
- (b) those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”), and
- (c) in computing the profits and losses of the issuing company for tax purposes, the amounts to be deducted in respect of interest or other amounts payable under the security fall to be reduced (whether or not to nil) under paragraph 1(2) above by virtue of paragraph 1B above.
- (2) On the making of a claim in any such case, the guarantor company shall, to the extent of that reduction, be treated for all purposes of the Taxes Acts as if it (and not the issuing company)—
- (a) had issued the security,
- (b) owed the liabilities under it, and
- (c) had paid any interest or other amounts paid under it by the issuing company,
and in computing the profits and losses of the guarantor company for those purposes amounts shall be brought into account accordingly.
This sub-paragraph is subject to the following provisions of this paragraph.
- (3) Where the issuing company’s liabilities under the security are the subject of two or more guarantees (whether or not provided by the same person) TD must not exceed TR, where—
- TD is the total of the amounts brought into account by the guarantor companies by virtue of sub-paragraph (2) above, and
- TR is the total amount of the reductions that fall within sub-paragraph (1)(c) above.
- (4) In this paragraph “*the loan provision*” means the actual provision made or imposed between—
- (a) the issuing company, and
- (b) another company (“the lending company”),
which is provision in relation to the security.
- (5) Where—
- (a) the guarantor company makes a claim under sub-paragraph (2) above, and
- (b) the lending company makes a claim under paragraph 6 above in respect of the loan provision,
sub-paragraphs (6) and (7) below apply.
- (6) In determining, in a case where this sub-paragraph applies, the arm’s length provision for the purposes of paragraph 6(2)(a) above in relation to the lending company’s claim, additional amounts shall be brought into account as credits corresponding to the debits that fall to be brought into account by virtue of sub-paragraph (2) above in relation to the guarantor company.
- (7) If, in a case where this sub-paragraph applies,—
- (a) the lending company makes its claim under paragraph 6 above before the guarantor company makes its claim under sub-paragraph (2) above, and
- (b) the computation on which the lending company’s claim is based does not comply with sub-paragraph (6) above,
the guarantor company’s claim shall be disallowed.
- (8) A claim under sub-paragraph (2) above may be made by—
- (a) the guarantor company,
- (b) where there are two or more guarantor companies, those companies acting together, or
- (c) the issuing company,
but any claim made by the issuing company shall be taken to be made on behalf of the guarantor company or companies.
- (9) Sub-paragraphs (3) to (6) of paragraph 6 above (claims and time limits) shall apply in relation to a claim under sub-paragraph (2) above made by or on behalf of any person or persons as they apply in relation to a claim under that paragraph made by the disadvantaged person, but taking references in those sub-paragraphs—
- (a) to the advantaged person, as references to the issuing company, and
- (b) to the disadvantaged person, as references to the guarantor company or companies.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (7) (construction of references to a guarantee);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
- (11) In this paragraph “*the Taxes Acts*” has the meaning given in section 118(1) of the Management Act.
### Certain interest not to be regarded as chargeable under Case III of Schedule D
##### 6E
Where—
- (a) interest is paid by any person under the actual provision,
- (b) paragraph 1(2) above applies in relation to the actual provision,
- (c) the amount of interest that would have been payable under the arm’s length provision is less than the amount of interest paid under the actual provision (or there would not have been any interest payable),
- (d) the person receiving the interest makes a claim under paragraph 6 above or a paragraph 6C claim,
the interest paid under the actual provision, to the extent that it exceeds the amount of interest that would have been payable under the arm’s length provision, shall not be regarded as chargeable under Case III of Schedule D or Chapter 2 of Part 4 of ITTOIA 2005.
### Adjustment of disadvantaged person’s double taxation relief
##### 7
- (1) Subject to sub-paragraph (4) below, where—
- (a) a claim is made for the purposes of paragraph 6 above, and
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision,
the assumptions specified in sub-paragraph (2) below shall apply, in the disadvantaged person’s case, as respects any credit for foreign tax which the disadvantaged person has been or may be given in pursuance of any double taxation arrangements or under section 790(1).
- (2) Those assumptions are—
- (a) that the foreign tax paid or payable by the disadvantaged person does not include any amount of foreign tax which would not be or have become payable were it to be assumed for the purposes of that tax that the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) that the amount of the relevant profits of the disadvantaged person in respect of which he is given credit for foreign tax does not include the amount (if any) by which his relevant profits are treated as reduced in accordance with paragraph 6 above.
- (3) Sub-paragraph (4) below applies if—
- (a) a claim is made for the purposes of paragraph 6 above;
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision;
- (c) the application of that basis in the computation of the disadvantaged person’s profits or losses for any chargeable period involves a reduction in the amount of any income; and
- (d) that income is also income that falls to be treated as reduced in accordance with section 811(1).
- (4) Where this sub-paragraph applies—
- (a) the reduction mentioned in sub-paragraph (3)(c) above shall be treated as made before any reduction under section 811(1); and
- (b) tax paid, in the place in which any income arises, on so much of that income as is represented by the amount of the reduction mentioned in sub-paragraph (3)(c) above shall be disregarded for the purposes of section 811(1).
- (5) Where, in a case in which a claim has been made for the purposes of paragraph 6 above, any adjustment is required to be made for the purpose of giving effect to any of the preceding provisions of this paragraph—
- (a) it may be made in any case by setting the amount of the adjustment against any relief or repayment to which the disadvantaged person is entitled in pursuance of that claim; and
- (b) nothing in the Tax Acts limiting the time within which any assessment is to be or may be made or amended shall prevent that adjustment from being so made.
- (6) References in this paragraph to relevant profits of the disadvantaged person are references to profits arising to the disadvantaged person from the carrying on of the relevant activities.
### Balancing payments between affected persons: no charge to, or relief from, tax
##### 7A
- (1) This paragraph applies where—
- (a) the circumstances are as described in paragraph 6(1) above,
- (b) one or more payments (the “balancing payments”) are made to the advantaged person by the disadvantaged person, and
- (c) the sole or main reason for making those payments is that paragraph 1(2) above applies.
- (2) To the extent that the balancing payments do not in the aggregate exceed the amount of the available compensating adjustment, those payments—
- (a) shall not be taken into account in computing profits or losses of either of the affected persons for the purposes of income tax or corporation tax, and
- (b) shall not for any of the purposes of the Corporation Tax Acts be regarded as distributions . . . .
- (3) In this paragraph “*the available compensating adjustment*” means the difference between PL1 and PL2 where—
- PL1 is the profits and losses of the disadvantaged person computed for tax purposes on the basis of the actual provision, and
- PL2 is the profits and losses of the disadvantaged person as they fall (or would fall) to be computed for tax purposes on a claim under paragraph 6 above,
### Securities: election to discharge tax liability instead of making balancing payments
##### 7B
- (1) This paragraph applies in any case where—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above, and
- (c) the actual provision is provision in relation to a security (the “relevant security”).
- (2) The disadvantaged person may make an election under this paragraph in respect of the relevant security if the condition in sub-paragraph (3) below is satisfied.
- (3) The condition is that—
- (a) the actual provision forms part of a capital market arrangement,
- (b) the capital market arrangement involves the issue of a capital market investment,
- (c) the securities that represent the capital market investment are issued wholly or mainly to independent persons (see sub-paragraph (9) below), and
- (d) the total value of the capital market investments made under the capital market arrangement is at least £50 million.
- (4) An election under this paragraph in respect of the relevant security is an election for the disadvantaged person—
- (a) to make no balancing payment within paragraph 7A above to the advantaged person in respect of the application of paragraph 1(2) above in relation to the relevant security in a chargeable period by virtue of paragraph 1A above, but
- (b) instead, to undertake sole responsibility for discharging the advantaged person’s liability to tax for that period so far as resulting from the application of paragraph 1(2) above in relation to the relevant security by virtue of paragraph 1A above.
- (5) Where an election under this paragraph has effect in relation to an accounting period of the advantaged person, the tax mentioned in sub-paragraph (4)(b) above—
- (a) shall be recoverable from the disadvantaged person as if it were an amount of corporation tax due and owing from that person, and
- (b) shall not be recoverable from the advantaged person.
- (6) Any election under this paragraph in respect of the relevant security—
- (a) must be made by being included (whether by amendment or otherwise) in the disadvantaged person’s company tax return for the chargeable period in which the relevant security is issued,
- (b) has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods, and
- (c) is irrevocable.
For the purposes of this sub-paragraph a security issued in a chargeable period beginning before 1st April 2004 shall be treated as if it had been issued in the chargeable period beginning on that date.
- (7) An election under this paragraph by a person is of no effect if the Board give that person a notice under this sub-paragraph refusing to accept the election.
- (8) A notice under sub-paragraph (7) above may be given only after a notice of enquiry in respect of the company tax return containing the election has been given to the disadvantaged person.
- (9) In this paragraph—
- “*capital market arrangement*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraph 1 of Schedule 2A to that Act);
- “*capital market investment*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 2 and 3 of Schedule 2A to that Act);
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*independent person*” means a person—who is not the disadvantaged person, andwho does not have a participatory relationship with either of the affected persons.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (8) (meaning of participatory relationship);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
### Balancing payments by guarantor to issuer: no charge to, or relief from, tax
##### 7C
- (1) This paragraph applies in any case where—
- (a) the circumstances are as described in paragraph 6D(1) above,
- (b) one or more payments (the “balancing payments”) are made by the guarantor company to the issuing company, and
- (c) the sole or main reasons for making those payments are that paragraph 1(2) above applies by virtue of paragraph 1B above or that paragraph 6D above applies.
- (2) To the extent that the balancing payments made by all the guarantor companies do not in the aggregate exceed the amount TR in paragraph 6D(3) above (total reductions within paragraph 6D(1)(c) above), those payments—
- (a) shall not be taken into account in computing for the purposes of corporation tax the profits or losses of the guarantor company or companies or the issuing company, and
- (b) shall not for any purpose of the Corporation Tax Acts be regarded as distributions . . . .
### Guarantees: election to discharge tax liability instead of making balancing payments
##### 7D
- (1) This paragraph applies where the following conditions are satisfied—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above,
- (c) the actual provision falls within paragraph 1B(1) above.
- (2) Sub-paragraphs (2) to (8) of paragraph 7B above apply in a case where this paragraph applies as they apply in a case where that paragraph applies, but with the modifications in sub-paragraphs (3) and (4) below.
- (3) The relevant security is the security in paragraph 1B(1)(a) above.
- (4) In sub-paragraph (4) (nature of the election)—
- (a) for “paragraph 7A above” substitute paragraph 7C below;
- (b) for “paragraph 1A”, in both places, substitute paragraph 1B.
### Foreign exchange gains and losses and financial instruments
##### 8
- (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule shall not require the amounts brought into account in any person’s case under—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in respect of exchange gains or losses from loan relationships (as defined in section 103(1A) and (1B) of that Act), or
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts) in respect of exchange gains and losses (as defined in paragraph 54 of that Schedule),
to be computed in that person’s case on the assumption that the arm’s length provision had been made or imposed instead of the actual provision.
- (3) Sub-paragraph (1) above shall not affect so much of paragraph 11A of Schedule 9 to the Finance Act 1996 (loan relationships: exchange gains or losses where loan not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if the whole or any part of a loan had not been made.
- (4) Sub-paragraph (1) above shall not affect so much of paragraph 27 of Schedule 26 to the Finance Act 2002 (derivative contracts: exchange gains or losses where derivative contract not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if a company were not party to a derivative contract or as if the terms of the contract to which it is party were different.
### Special rules for sales etc. of oil
##### 9
- (1) Subject to paragraph 10 below, this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil if—
- (a) the oil sold is oil which has been, or is to be, extracted under rights exercisable by a company (“the producer") which (although it may be the seller) is not the buyer; and
- (b) at the time of the sale not less than 20 per cent. of the producer’s ordinary share capital is owned directly or indirectly by one or more of the following, that is to say, the buyer and the companies (if any) that are linked to the buyer.
- (2) Where this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil, this Schedule shall have effect as respects that provision as if the buyer, the seller and (if it is not the seller) the producer were all controlled by the same person at the time of the making or imposition of that provision.
- (3) For the purposes of this paragraph two companies are linked if—
- (a) one is under the control of the other; or
- (b) both are under the control of the same person or persons.
- (4) For the purposes of this paragraph—
- (a) any question whether ordinary share capital is owned directly or indirectly by a company shall be determined as for section 838;
- (b) rights to extract oil shall be taken to be exercisable by a company even if they are exercisable by that company only jointly with one or more other companies; and
- (c) a sale of oil shall be deemed to take place at the time of the completion of the sale or when possession of the oil passes, whichever is the earlier.
- (5) In this paragraph “*oil*” includes any mineral oil or relative hydrocarbon, as well as natural gas.
### Transactions and deemed transactions involving oil
##### 10
This Schedule does not apply in relation to provision made or imposed by means of any transaction or deemed transaction in the case of which the price or consideration is determined in accordance with any of subsections (1) to (4) of section 493 (transactions and deemed transactions involving oil treated as made at market value).
### Special provision for companies carrying on ring fence trades
##### 11
- (1) This paragraph applies where any person (“the taxpayer") carries on as, or as part of, a trade any activities (“the ring fence trade") which, in accordance with section 492(1) above or section 16(1) of ITTOIA 2005 either—
- (a) fall to be treated for any tax purposes as a separate trade, distinct from all other activities carried on by him as part of the trade; or
- (b) would so fall if the taxpayer did carry on any other activities as part of that trade.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to paragraph 10 above and sub-paragraph (4) below, this Schedule shall have effect as respects any provision made or imposed by the taxpayer as between the ring fence trade and any other activities carried on by him as if—
- (a) that trade and those activities were carried on by two different persons;
- (b) that provision were made or imposed as between those two persons by means of a transaction;
- (c) a potential advantage in relation to United Kingdom taxation were conferred by that provision on each of those two persons; and
- (d) those two persons were both controlled by the same person at the time of the making or imposition of that provision; . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This Schedule shall apply in accordance with this paragraph in relation to any provision mentioned in sub-paragraph . . . (3) above only where the effect of its application in relation to that provision is either—
- (a) that a larger amount (including, if there would not otherwise have been profits, an amount of more than nil) is taken for tax purposes to be the amount of the profits of the ring fence trade for any chargeable period; or
- (b) that a smaller amount (including nil) is taken for tax purposes to be the amount for any chargeable period of any losses of that trade.
### Appeals
##### 12
- (1) In so far as the question in dispute on any appeal falling within sub-paragraph (2) below—
- (a) is or involves a determination of whether this Schedule has effect as respects any provision made or imposed as between any two persons, or of how it so has effect, and
- (b) is not a question that would fall to be determined by the Special Commissioners apart from this sub-paragraph,
that question shall be determined by them.
- (2) The appeals falling within this sub-paragraph are—
- (a) any appeal under section 31 of, or Schedule 1A to, the Management Act;
- (b) any appeal under paragraph 34(3) of Schedule 18 to the Finance Act 1998 against an amendment of a company’s return; and
- (c) any appeal under paragraph 48 of that Schedule against a discovery assessment or a discovery determination.
- (3) Sub-paragraph (4) below applies where—
- (a) any such question as is mentioned in sub-paragraph (1) above falls to be determined by the Special Commissioners for the purposes of any proceedings before them; and
- (b) that question relates to any provision made or imposed as between two persons each of whom is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (4) Where this sub-paragraph applies—
- (a) each of the persons as between whom the actual provision was made or imposed shall be entitled to appear and be heard by the Special Commissioners, or to make representations to them in writing;
- (b) the Special Commissioners shall determine that question separately from any other questions in those proceedings; and
- (c) their determination on that question shall have effect as if made in an appeal to which each of those persons was a party.
- (5) In this paragraph—
- “*discovery assessment*” means a discovery assessment under paragraph 41 of Schedule 18 to the Finance Act 1998 (including one by virtue of paragraph 52 of that Schedule); and
- “*discovery determination*” means a discovery determination under paragraph 41 of that Schedule.
### Saving for the provisions relating to capital allowances and capital gains
##### 13
- (1) Nothing in this Schedule shall be construed as affecting—
- (a) the computation of the amount of any capital allowance or balancing charge made under the Capital Allowances Act; or
- (b) the computation in accordance with the 1992 Act of the amount of any chargeable gain or allowable loss;
and nothing in this Schedule shall require the profits or losses of any person to be computed for tax purposes as if, in his case, instead of income or losses falling to be brought into account in connection with the taxation of income, there were gains or losses falling to be brought into account in accordance with the 1992 Act.
- (2) Nothing in sub-paragraph (1) above applies to paragraph 6 above.
### General interpretation etc.
##### 14
- (1) In this Schedule—
- “*the actual provision*” and “*the affected persons*” shall be construed in accordance with paragraph 1(1) above;
- “*the arm*”s length provision’ shall be construed in accordance with paragraph 1(2) and (3) above;
- “*double taxation arrangements*” means arrangements having effect by virtue of section 788;
- “*foreign tax*” means any tax under the law of a territory outside the United Kingdom or any amount which falls for the purposes of any double taxation arrangements to be treated as if it were such tax;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*losses*” includes amounts which are not losses but in respect of which relief may be given in accordance with any of the following enactments—section 75(9) (excess of management expenses);section 468L(5) (allowance for interest distributions of a unit trust);Part X (loss relief and group relief);section 83 of and Schedule 8 to the Finance Act 1996 or paragraph 4 of Schedule 11 to that Act (deficits on loan relationships);
- “*medium-sized enterprise*” shall be construed in accordance with paragraph 5D above;
- “*non-qualifying territory*” has the meaning given by paragraph 5E above;
- “*paragraph 6C claim*” has the meaning given by paragraph 6C(2) above;
- “*profits*” includes income;
- “*qualifying territory*” has the meaning given by paragraph 5E above;
- “*the relevant activities*”, in relation to a person who is one of the persons as between whom any provision is made or imposed, means such of his activities as—comprise the activities in the course of which, or with respect to which, that provision is made or imposed; andare not activities carried on either separately from those activities or for the purposes of a different part of that person’s business;
- “*small enterprise*” shall be construed in accordance with paragraph 5D above;
- “*transaction*” and “*series of transactions*” shall be construed in accordance with paragraph 3 above.
- (2) Without prejudice to paragraphs 9(2) and 11(3) above, references in this Schedule to a person controlling a body corporate or a partnership shall be construed in accordance with section 840.
- (3) In determining for the purposes of this Schedule whether a person has an entitlement, in pursuance of any double taxation arrangements or under section 790(1), to be given credit for foreign tax, any requirement that a claim is made before such a credit is given shall be disregarded.
- (4) Any adjustments required to be made by virtue of this Schedule may be made by way of discharge or repayment of tax, by the modification of any assessment or otherwise.
- (5) This Schedule shall have effect as if—
- (a) a unit trust scheme were a company that is a body corporate;
- (b) the rights of the unit holders under such a scheme were shares in the company that the scheme is deemed to be;
- (c) rights and powers of a person in the capacity of a person entitled to act for the purposes of the scheme were rights and powers of the scheme; and
- (d) provision made or imposed as between any person in such a capacity and another person were made or imposed as between the scheme and that other person.
## SCHEDULE 28AB
### Introductory
##### 1
- (1) A scheme or arrangement, other than a scheme or arrangement falling within sub-paragraph (3), is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 apply to it.
- (2) A scheme or arrangement falling within sub-paragraph (3) is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 would, on the assumption in sub-paragraph (4), apply to it.
- (3) A scheme or arrangement falls within this sub-paragraph if its main purpose, or one of its main purposes, is to cause an amount of underlying tax allowable in respect of a dividend paid by a body corporate resident in a territory outside the United Kingdom to be taken into account in the case of a person.
- (4) The assumption is that the body corporate is resident in the United Kingdom.
- (5) Nothing in sub-paragraph (4) requires it to be assumed that there is any change in the place or places at which the body corporate carries on its activities.
### Attribution of foreign tax
##### 2
This paragraph applies to a scheme or arrangement if the scheme or arrangement enables a person who is party to, or concerned in, the scheme or arrangement to pay, in respect of a source of income or chargeable gain, an amount of foreign tax all or part of which is properly attributable to another source of income or chargeable gain (or to more than one such other source).
### Effect of paying foreign tax
##### 3
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax (“*the claimant*”).
- (2) This sub-paragraph is satisfied if—
- (a) an amount of foreign tax is paid by the claimant, and
- (b) at the time when the claimant entered into the scheme or arrangement, it could reasonably be expected that the effect of the payment of that amount of foreign tax on the foreign tax total would be to increase it by less than the amount allowable to the claimant as a credit in respect of the payment of that amount of foreign tax.
- (3) The foreign tax total is the amount found by—
- (a) aggregating the amounts of foreign tax paid or payable in respect of the transaction or transactions forming part of the scheme or arrangement by persons party to, or concerned in, the scheme or arrangement, and
- (b) taking into account any reliefs, deductions, reductions or allowances against or in respect of any tax that arise to the persons party to, or concerned in, the scheme or arrangement (including any reliefs, deductions, reductions or allowances arising to any one or more of those persons as a consequence of the payment by the claimant of that amount of foreign tax).
### Effect of claim, election or other arrangement
##### 4
- (1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
- (a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
- (b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
- (2) The steps mentioned in sub-paragraph (1) are steps that may be made—
- (a) under the law of any territory, or
- (b) under arrangements made in relation to any territory.
- (3) The steps mentioned in sub-paragraph (1) include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
- (b) making elections for tax purposes.
### Effect attributable to scheme or arrangement
##### 5
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax.
- (2) This sub-paragraph is satisfied if amount A is less than amount B.
- (3) Amount A is the amount of United Kingdom taxes payable by the person in respect of income and chargeable gains arising in the chargeable period.
- (4) Amount B is the amount of United Kingdom taxes that would be payable by the person in respect of income and chargeable gains arising in the chargeable period if, in determining that amount, the transactions forming part of the scheme or arrangement were disregarded.
### Tax deductible payments
##### 6
- (1) This paragraph applies to a scheme or arrangement if the scheme or arrangement includes—
- (a) the making by a person (“A”) of a relevant payment or payments, and
- (b) the giving, in respect of that payment or payments, of consideration that satisfies the requirements of sub-paragraph (3).
- (2) A payment made by A is a relevant payment if all or part of it may be brought into account in computing A's income for the purposes of United Kingdom taxes.
- (3) Consideration given in respect of a payment or payments made by A satisfies the requirements of this sub-paragraph if—
- (a) all or part of it consists of a payment or payments made to A or a person connected with A, and
- (b) tax is chargeable in respect of the payment or payments under the law of a territory outside the United Kingdom.
- (4) In this paragraph references to a payment include references to a transfer of money's worth.
- (5) Section 839 applies for the purposes of this paragraph.
## SCHEDULE 28B
### Introductory
##### 1
- (1) This Schedule applies, where any shares in or securities of any company (“the relevant company”) are at any time held by another company (“the trust company”), for determining whether and to what extent those shares or securities (“the relevant holding”) are, for the purposes of section 842AA, to be regarded as at that time comprised in the trust company’s qualifying holdings.
- (2) The relevant holding shall be regarded as comprised in the trust company’s qualifying holdings at any time if—
- (a) all the requirements of the following provisions of this Schedule are satisfied at that time in relation to the relevant company and the relevant holding; and
- (b) the relevant holding consists of shares or securities which were first issued by the relevant company to the trust company and have been held by the trust company ever since.
- (3) Subject to paragraph 6(3) below, where the requirements of paragraph 6 or 7 below would be satisfied as to only part of the money raised by the issue of the relevant holding and that holding is not otherwise capable of being treated as comprising separate holdings, this Schedule shall have effect in relation to that holding as if it were two holdings consisting of—
- (a) a holding from which that part of the money was raised; and
- (b) a holding from which the remainder was raised;
and section 842AA shall have effect as if the value of the holding were to be apportioned accordingly between the two holdings which are deemed to exist in pursuance of this sub-paragraph.
### Requirement that company must be unquoted company
##### 2
- (1) The requirement of this paragraph is that the relevant company (whether or not it is resident in the United Kingdom) must be an unquoted company.
- (2) In this paragraph “*unquoted company*” means a company none of whose shares, stocks, debentures or other securities is marketed to the general public.
- (3) For the purposes of this paragraph shares, stocks, debentures or other securities are marketed to the general public if they are—
- (a) listed on a recognised stock exchange,
- (b) listed on a designated exchange in a country outside the United Kingdom, or
- (c) dealt in on the Unlisted Securities Market or dealt in outside the United Kingdom by such means as may be designated.
- (4) In sub-paragraph (3) above “*designated*” means designated by an order made by the Board for the purposes of that sub-paragraph; and an order made for the purposes of paragraph (b) of that sub-paragraph may designate an exchange by name, or by reference to any class or description of exchanges, including a class or description framed by reference to any authority or approval given in a country outside the United Kingdom.
- (5) Section 828(1) does not apply to an order made for the purposes of sub-paragraph (3) above.
- (6) Where a company any shares in or securities of which are included in the qualifying holdings of the trust company ceases at any time while the trust company is approved as a venture capital trust to be an unquoted company, the requirements of this paragraph shall be deemed, in relation to shares or securities acquired by the trust company before that time, to continue to be satisfied for a period of five years after that time.
### Requirements as to company’s business
##### 3
- (1) The requirements of this paragraph are as follows.
- (2) The relevant company must be one of the following, that is to say—
- (a) a company which exists wholly for the purpose of carrying on one or more qualifying trades or which so exists apart from purposes capable of having no significant effect (other than in relation to incidental matters) on the extent of the company’s activities; or
- (aa) the parent company of a trading group.
- (3) Subject to sub-paragraph (4) below, when the relevant holding was issued and at all times since, a qualifying company (whether or not the same such company at every such time) must have been either—
- (a) carrying on a qualifying trade wholly or mainly in the United Kingdom; or
- (b) preparing to carry on a qualifying trade which at the time when the relevant holding was issued was intended to be carried on wholly or mainly in the United Kingdom by a qualifying company,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The requirements of sub-paragraph (3) above shall not be capable of being satisfied by virtue of paragraph (b) of that sub-paragraph at any time after the end of the period of two years beginning with the issue of the relevant holding unless—
- (a) the intended trade was begun to be carried on by a qualifying company before the end of that period, and
- (b) at all times since the end of that period, a qualifying company (whether or not the same such company at every such time) has been carrying on a qualifying trade wholly or mainly in the United Kingdom.
- (5) The requirements of that sub-paragraph shall also be incapable of being so satisfied at any time after the abandonment, within the period mentioned in sub-paragraph (4) above, of the intention in question.
- (5A) In sub-paragraphs (3) and (4) above, “*qualifying company*” means the relevant company or any relevant qualifying subsidiary of that company.
- (5B) In determining for the purposes of sub-paragraph (4)(a) above when the intended trade was begun to be carried on by a qualifying company which is a relevant qualifying subsidiary of the relevant company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary of the relevant company.
- (6) For the purposes of this paragraph a company is the parent company of a trading group if—
- (a) it has one or more subsidiaries;
- (b) each of its subsidiaries is a qualifying subsidiary of the company; and
- (c) the requirements of sub-paragraph (7) below are fulfilled by what would be the business of the company and its qualifying subsidiaries if all the activities, taken together, of the company and its qualifying subsidiaries were regarded as one business.
- (7) A business fulfils the requirements of this sub-paragraph if neither the business nor a substantial part of it consists in, or in either of, the following, that is to say—
- (a) activities falling within paragraph 4(2)(a) to (f) below but not within sub-paragraph (8) below; and
- (b) activities carried on otherwise than in the course of a trade.
- (8) The activities falling within this sub-paragraph are—
- (a) the receiving of royalties or licence fees in circumstances where the requirement mentioned in paragraph 4(5) below is satisfied in relation to the company receiving them;
- (b) the letting of ships, other than offshore installations or pleasure craft, on charter in circumstances where the requirements mentioned in paragraphs (a) to (d) of paragraph 4(7) below are satisfied in relation to the company so letting them.
- (9) Activities of a company or of any of its qualifying subsidiaries shall be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the holding of shares in or securities of, or the making of loans to, one or more of the company’s qualifying subsidiaries; or
- (b) the holding and managing of property used by the company or any of its qualifying subsidiaries for the purposes of—
- (i) research and development from which it is intended that a qualifying trade to be carried on by the company or any of its qualifying subsidiaries will be derived; or
- (ii) one or more qualifying trades so carried on.
- (10) Activities of a qualifying subsidiary of a company shall also be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the making of loans to the company; or
- (b) in the case of a mainly trading subsidiary, activities carried on in pursuance of its insignificant purposes (within the meaning given by sub-paragraph (11) below).
- (11) In sub-paragraph (10) above “*mainly trading subsidiary*” means a qualifying subsidiary which, apart from purposes (“*its insignificant purposes*”) which are capable of having no significant effect (other than in relation to incidental matters) on the extent of its activities, exists wholly for the purpose of carrying on one or more qualifying trades.
### Meaning of “qualifying trade”
##### 4
- (1) For the purposes of this Schedule—
- (a) a trade is a qualifying trade if it is a trade complying with this paragraph; and
- (b) the carrying on of any activities of research and development from which it is intended that there will be derived a trade that—
- (i) will comply with this paragraph, and
- (ii) will be carried on wholly or mainly in the United Kingdom,
shall be treated as the carrying on of a qualifying trade.
- (2) Subject to sub-paragraphs (3) to (9) below, a trade complies with this paragraph if neither that trade nor a substantial part of it consists in one or more of the following activities, that is to say—
- (a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;
- (b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
- (c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
- (d) leasing (including letting ships on charter or other assets on hire) or receiving royalties or licence fees;
- (e) providing legal or accountancy services;
- (ea) property development;
- (eb) farming or market gardening;
- (ec) holding, managing or occupying woodlands, any other forestry activities or timber production;
- (ed) operating or managing hotels or comparable establishments, or managing property used as an hotel or comparable establishment;
- (ee) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home;
- (f) providing services or facilities for any such trade carried on by another person (not being a company of which the company providing the services or facilities is a subsidiary) as—
- (i) consists, to a substantial extent, in activities within any of paragraphs (a) to (ee) above; and
- (ii) is a trade in which a controlling interest is held by a person who also has a controlling interest in the trade carried on by the company providing the services or facilities.
- (3) For the purposes of sub-paragraph (2)(b) above—
- (a) a trade of wholesale distribution is one in which the goods are offered for sale and sold to persons for resale by them, or for processing and resale by them, to members of the general public for their use or consumption;
- (b) a trade of retail distribution is one in which the goods are offered for sale and sold to members of the general public for their use or consumption; and
- (c) a trade is not an ordinary trade of wholesale or retail distribution if—
- (i) it consists, to a substantial extent, in dealing in goods of a kind which are collected or held as an investment, or in that activity and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above, taken together; and
- (ii) a substantial proportion of those goods are held by the company for a period which is significantly longer than the period for which a vendor would reasonably be expected to hold them while endeavouring to dispose of them at their market value.
- (3A) For the purposes of this Schedule the activities of a person shall not be taken to fall within paragraph (ed) or (ee) of sub-paragraph (2) above except where that person has an estate or interest in, or is in occupation of, the hotels or comparable establishments or, as the case may be, the nursing homes or residential care homes.
- (4) In determining for the purposes of this paragraph whether a trade carried on by any person is an ordinary trade of wholesale or retail distribution, regard shall be had to the extent to which it has the following features, that is to say—
- (a) the goods are bought by that person in quantities larger than those in which he sells them;
- (b) the goods are bought and sold by that person in different markets;
- (c) that person employs staff and incurs expenses in the trade in addition to the cost of the goods and, in the case of a trade carried on by a company, to any remuneration paid to any person connected with it;
- (d) there are purchases or sales from or to persons who are connected with that person;
- (e) purchases are matched with forward sales or vice versa;
- (f) the goods are held by that person for longer than is normal for goods of the kind in question;
- (g) the trade is carried on otherwise than at a place or places commonly used for wholesale or retail trade;
- (h) that person does not take physical possession of the goods;
and for the purposes of this sub-paragraph the features specified in paragraphs (a) to (c) above shall be regarded as indications that the trade is such an ordinary trade and those in paragraphs (d) to (h) above shall be regarded as indications of the contrary.
- (5) A trade shall not be treated as failing to comply with this paragraph by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.
- (6) For this purpose an intangible asset is a “*relevant intangible asset*” if the whole or greater part (in terms of value) of it has been created—
- (a) by the company carrying on the trade, or
- (b) by a company which at all times during which it created the intangible asset was—
- (i) the parent company of the company carrying on the trade, or
- (ii) a qualifying subsidiary of that parent company.
- (6A) In the case of a relevant asset that is intellectual property, references in sub-paragraph (6) above to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).
- (6B) For the purposes of sub-paragraphs (5) to (6A) above “*intangible asset*” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6C) For the purposes of sub-paragraph (6) above
- (a) “*parent company*” means a company that—
- (i) has one or more 51% subsidiaries, but
- (ii) is not itself a 51% subsidiary of another company; and
- (b) paragraph 10 below (meaning of “*qualifying subsidiary*”) shall apply as if the references in that paragraph to the relevant company were references to the parent company referred to in sub-paragraph (6)(b) above.
- (6D) For the purposes of sub-paragraph (6A) above “*intellectual property*” means—
- (a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and
- (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a) above.
- (7) A trade shall not be treated as failing to comply with this paragraph by reason only of its consisting in letting ships, other than offshore installations or pleasure craft, on charter if—
- (a) every ship let on charter by the company carrying on the trade is beneficially owned by the company;
- (b) every ship beneficially owned by the company is registered in the United Kingdom;
- (c) the company is solely responsible for arranging the marketing of the services of its ships; and
- (d) the conditions mentioned in sub-paragraph (8) below are satisfied in relation to every letting of a ship on charter by the company;
but where any of the requirements mentioned in paragraphs (a) to (d) above are not satisfied in relation to any lettings, the trade shall not thereby be treated as failing to comply with this paragraph if those lettings and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above do not, when taken together, amount to a substantial part of the trade.
- (8) The conditions are that—
- (a) the letting is for a period not exceeding 12 months and no provision is made at any time (whether in the charterparty or otherwise) for extending it beyond that period otherwise than at the option of the charterer;
- (b) during the period of the letting there is no provision in force (whether by virtue of being contained in the charterparty or otherwise) for the grant of a new letting to end, otherwise than at the option of the charterer, more than 12 months after that provision is made;
- (c) the letting is by way of a bargain made at arm’s length between the company and a person who is not connected with it;
- (d) under the terms of the charter the company is responsible as principal—
- (i) for taking, throughout the period of the charter, management decisions in relation to the ship, other than those of a kind generally regarded by persons engaged in trade of the kind in question as matters of husbandry; and
- (ii) for defraying all expenses in connection with the ship throughout that period, or substantially all such expenses, other than those directly incidental to a particular voyage or to the employment of the ship during that period;
and
- (e) no arrangements exist by virtue of which a person other than the company may be appointed to be responsible for the matters mentioned in paragraph (d) above on behalf of the company;
but this sub-paragraph shall have effect, in relation to any letting between one company and another where one of those companies is the relevant company and the other is a qualifying subsidiary of that company, or where both companies are qualifying subsidiaries of the relevant company, as if paragraph (c) were omitted.
- (9) A trade shall not comply with this paragraph unless it is conducted on a commercial basis and with a view to the realisation of profits.
### Provisions supplemental to paragraph 4
##### 5
- (1) In paragraph 4 above—
- “*film*” means an original master negative of a film, an original master film disc or an original master film tape;
- “*nursing home*” means any establishment which exists wholly or mainly for the provision of nursing care for persons suffering from sickness, injury or infirmity or for women who are pregnant or have given birth to children;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*pleasure craft*” means any ship of a kind primarily used for sport or recreation;
- “*property development*” means the development of land—by a company which has, or at any time has had, an interest in the land, andwith the sole or main object of realising a gain from the disposal of an interest in the land when it is developed;
- “*research and development*” has the meaning given by section 837A;
- “*residential care home*” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care by reason of old age, mental or physical disabilities, past or present dependence on alcohol or drugs or any past illnesses or past or present mental disorders; and
- “*sound recording*”, in relation to a film, means its sound track, original master audio disc or original master audio tape.
- (2) For the purposes of paragraph 4 above, in the case of a trade carried on by a company, a person has a controlling interest in that trade if—
- (a) he controls the company;
- (b) the company is a close company and he or an associate of his, being a director of the company, either—
- (i) is the beneficial owner of more than 30 per cent. of the ordinary share capital of the company, or
- (ii) is able, directly or through the medium of other companies or by any other indirect means, to control more than 30 per cent. of that share capital;
or
- (c) not less than half of the trade could, in accordance with section 344(2), be regarded as belonging to him for the purposes of section 343;
and, in any other case, a person has a controlling interest in a trade if he is entitled to not less than half of the assets used for, or of the income arising from, the trade.
- (3) For the purposes of sub-paragraph (2) above there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (4) References in paragraph 4 above or this paragraph to a trade, except the references in paragraph 4(2)(f) to the trade for which services or facilities are provided, shall be construed without reference to so much of the definition of trade in section 832(1) as relates to adventures or concerns in the nature of trade; and those references in paragraph 4(2)(f) above to a trade shall have effect, in relation to cases in which what is carried on is carried on by a person other than a company, as including references to any business, profession or vocation.
- (5) In this paragraph—
- “*associate*” has the meaning given in subsections (3) and (4) of section 417, except that in those subsections, as applied for the purposes of this paragraph, “*relative*” shall not include a brother or sister; and
- “*director*” shall be construed in accordance with subsection (5) of that section;
- “*interest in land*” means (subject to sub-paragraph (6) below)—any estate, interest or right in or over land, including any right affecting the use or disposition of land; orany right to obtain such an estate, interest or right from another which is conditional on the other’s ability to grant the estate, interest or right.
- (6) References in paragraph 4 above, in relation to an hotel, to a comparable establishment are references to a guest house, hostel or other establishment the main purpose of maintaining which is the provision of facilities for overnight accommodation (whether with or without catering services).
- (7) References in this paragraph to an interest in land do not include references to—
- (a) the interest of a creditor (other than a creditor in respect of a rentcharge) whose debt is secured by way of mortgage, an agreement for a mortgage or a charge of any kind over land; or
- (b) in the case of land in Scotland, the interest of a creditor in a charge or security of any kind over land.
### Meaning of “relevant qualifying subsidiary”
##### 5A
- (1) For the purposes of this Schedule, a company (“the subsidiary”) is a relevant qualifying subsidiary of the relevant company at any time when it falls within sub-paragraph (2) below.
- (2) The subsidiary falls within this sub-paragraph if—
- (a) the relevant company possesses not less than 90 per cent. of the issued share capital of, and not less than 90 per cent. of the voting power in, the subsidiary;
- (b) the relevant company would—
- (i) in the event of a winding up of the subsidiary, or
- (ii) in any other circumstances,
be beneficially entitled to receive not less than 90 per cent. of the assets of the subsidiary which would then be available for distribution to the equity holders of the subsidiary;
- (c) the relevant company is beneficially entitled to not less than 90 per cent. of any profits of the subsidiary which are available for distribution to the equity holders of the subsidiary;
- (d) no person other than the relevant company has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which any of the conditions in paragraphs (a) to (d) above would cease to be met.
- (3) Sub-paragraphs (4) to (4C) and (5) of paragraph 10 below apply in relation to sub-paragraph (2) of this paragraph as they apply in relation to sub-paragraph (3) of that paragraph, but with the following modification.
- (4) That modification is that sub-paragraph (5) of that paragraph is to be read as if the words “or (as the case may be) by another subsidiary of that company” were omitted.
- (5) For the purposes of this paragraph—
- (a) the persons who are equity holders of the subsidiary, and
- (b) the percentage of the assets of the subsidiary to which an equity holder would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18.
- (6) But in making that determination—
- (a) references in paragraph 3 of that Schedule to the first company are to be read as references to an equity holder, and
- (b) references in that paragraph to a winding up are to be read as including references to any other circumstances in which assets of the subsidiary are available for distribution to its equity holders.
### Requirements as to the money raised by the investment in question
##### 6
- (1) The requirements of this paragraph are that either—
- (a) at least 80% of the money raised by the issue of the relevant holding must—
- (i) have been employed wholly for the purposes of the trade by reference to which the requirements of paragraph 3(3) above are satisfied; or
- (ii) be money which is intended to be employed wholly for the purposes of that trade; or
- (b) all of the money so raised must have been employed as mentioned in paragraph (a)(i) above.
- (2) For the purposes of this Schedule—
- (a) the requirements of sub-paragraph (1) above shall not be capable of being satisfied by virtue of paragraph (a)(ii) of that sub-paragraph at any time after 12 months have expired from the trading time, and
- (b) the requirements of that sub-paragraph shall not be capable of being satisfied by virtue of paragraph (a)(i) of that sub-paragraph at any time after 24 months have expired from the trading time.
- (2AA) In sub-paragraph (2) above, “*the trading time*” means whichever is applicable of the following—
- (a) in a case where the requirements of sub-paragraph (3) of paragraph 3 above were satisfied in relation to the time when the relevant holding was issued by virtue of paragraph (a) of that sub-paragraph, that time; and
- (b) in a case where they were satisfied in relation to that time by virtue of paragraph (b) of that sub-paragraph, the time when the condition in paragraph 3(4)(a) above was satisfied.
- (2AB) The requirements of this paragraph are not satisfied if either of the following, namely—
- (a) the trade by reference to which the requirements of paragraph 3(3) above are satisfied, and
- (b) any preparations for that trade falling within paragraph 3(3)(b) above,
are carried on, at any time after the issue of the relevant holding, by a person other than the relevant company or a relevant qualifying subsidiary of that company.
- (2AC) Sub-paragraph (2AD) below applies where preparations mentioned in sub-paragraph (2AB)(b) above are carried on by the relevant company or a relevant qualifying subsidiary of that company at any time after the issue of the relevant holding.
- (2AD) Where this sub-paragraph applies, the requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above by a person other than—
- (a) the relevant company, or
- (b) a qualifying subsidiary of that company,
at any time after the issue of the relevant holding but before the relevant company or any relevant qualifying subsidiary of that company carries on that trade.
- (2AE) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above—
- (a) by the partners in a partnership of which the relevant company, or a relevant qualifying subsidiary of that company, is a member, or
- (b) by the parties to a joint venture to which the relevant company, or a relevant qualifying subsidiary of that company, is a party.
- (2AF) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied if—
- (a) by reason only of anything done as a consequence of the relevant company or any other company being in administration or receivership, or
- (b) by reason only of the relevant company or any other company being wound up or dissolved without winding up,
the trade mentioned in sub-paragraph (2AB)(a) above ceases to be carried on by the relevant company or a relevant qualifying subsidiary of that company and is subsequently carried on by a person who has not been connected, at any time after the date which is one year before the issue of the relevant holding, with the relevant company.
- (2AG) Sub-paragraph (2AF) above applies only if (as the case may be)—
- (a) the entry into administration or receivership and everything done as a consequence of the company concerned being in administration or receivership, or
- (b) the winding up or dissolution,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (2AH) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (2AF) and (2AG) above as it applies for the purpose of that paragraph.
- (3) For the purposes of this paragraph money shall not be treated as employed otherwise than wholly for the purposes of a trade if the only amount employed for other purposes is an amount which is not a significant amount; and nothing in paragraph 1(3) above shall require any money whose use is disregarded by virtue of this sub-paragraph to be treated as raised by a different holding.
- (4) References in this paragraph to employing money for the purposes of a trade shall include references to employing it for the purpose of preparing for the carrying on of the trade.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement imposing a maximum on qualifying investments in the relevant company
##### 7
- (1) The requirement of this paragraph is that the relevant holding did not, when it was issued, represent an investment in excess of the maximum qualifying investment for the relevant period.
- (2) Subject to sub-paragraph (4) below, the maximum qualifying investment for any period is exceeded to the extent that the aggregate amount of money raised in that period by the issue to the trust company during that period of shares in or securities of the relevant company exceeds £1 million.
- (3) Any question for the purposes of this paragraph as to whether any shares in or securities of the relevant company which are for the time being held by the trust company represent an investment in excess of the maximum qualifying investment for any period shall be determined on the assumption, in relation to disposals by the trust company, that, as between shares or securities of the same description, those representing the whole or any part of the excess are disposed of before those which do not.
- (4) Where—
- (a) at the time of the issue of the relevant holding the relevant company or any of its qualifying subsidiaries was a member of a partnership or a party to a joint venture,
- (b) the trade by virtue of which the requirements of paragraph 3(3) above are satisfied was at that time being carried on, or to be carried on, by those partners in partnership or by the parties to the joint venture as such, and
- (c) the other partners or parties to the joint venture include at least one other company,
this paragraph shall have effect in relation to the relevant company as if the sum of money for the time being specified in sub-paragraph (2) above were to be divided by the number of companies (including the relevant company) which, at the time when the relevant holding was issued, were members of the partnership or, as the case may be, parties to the joint venture.
- (5) For the purposes of this paragraph the relevant period is the period beginning with whichever is the earlier of—
- (a) the time six months before the issue of the relevant holding; and
- (b) the beginning of the year of assessment in which the issue of that holding took place.
### Requirement as to the assets of the relevant company
##### 8
- (1) The requirement of this paragraph is that the value of the relevant assets—
- (a) did not exceed £7 million immediately before the issue of the relevant holding; and
- (b) did not exceed £8 million immediately afterwards.
- (2) Subject to sub-paragraph (3) below, the reference in sub-paragraph (1) above to the value of the relevant assets is a reference—
- (a) in relation to a time when the relevant company did not have any qualifying subsidiaries, to the value of the gross assets of that company at that time; and
- (b) in relation to any other time, to the aggregate value at that time of the gross assets of all the companies in the relevant company’s group.
- (3) For the purposes of this paragraph assets of any member of the relevant company’s group that consist in rights against, or in shares in or securities of, another member of the group shall be disregarded.
- (4) In this paragraph references, in relation to any time, to the relevant company’s group are references to the relevant company and its qualifying subsidiaries at that time.
### Requirements as to the subsidiaries etc. of the relevant company
##### 9
- (1) The requirements of this paragraph are that . . . the relevant company must not be—
- (a) a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
- (b) a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying subsidiary”
##### 10
- (1) Subject to the following provisions of this paragraph, a company is a qualifying subsidiary of the relevant company for the purposes of this Schedule if—
- (a) the company in question (“the subsidiary”), and
- (b) where the relevant company has more than one subsidiary, every other subsidiary of the relevant company,
is a company falling within sub-paragraph (3) below.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The subsidiary falls within this sub-paragraph if—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ca) the subsidiary is a 51 per cent. subsidiary of the relevant company;
- (d) no person other than the relevant company or another of its subsidiaries has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which either of the conditions in paragraphs (ca) and (d) above would cease to be met.
- (4) The subsidiary shall not be regarded, at a time when it or any other company is being wound up, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . —
- (a) . . . it would fall within that sub-paragraph apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (4A) Sub-paragraph (4B) below applies at a time when the subsidiary or any other company is in administration or receivership.
- (4B) The subsidiary shall not be regarded, by reason only of anything done as a consequence of the company concerned being in administration or receivership, as having ceased to be a company falling within sub-paragraph (3) above if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (4C) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (4A) and (4B) above as it applies for the purpose of that paragraph.
- (5) The subsidiary shall not be regarded, at any time when arrangements are in existence for the disposal by the relevant company, or (as the case may be) by another subsidiary of that company, of all its interest in the subsidiary in question, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . the disposal is to be for bona fide commercial reasons and is not to be part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement as to property managing subsidiaries
##### 10ZA
- (1) The requirement of this paragraph is that the relevant company must not have a property managing subsidiary which is not a relevant qualifying subsidiary of the relevant company.
- (2) “*Property managing subsidiary*” means a qualifying subsidiary of the relevant company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
- (3) In sub-paragraph (2) above, “*land*” and “*property deriving its value from land*” have the same meaning as in section 776.
### Requirement that securities should not relate to a guaranteed loan
##### 10A
- (1) The requirement of this paragraph is that there are no securities relating to a guaranteed loan in the relevant holding.
- (2) For the purposes of this paragraph a security relates to a guaranteed loan if (and only if) there are arrangements for the trust company to be or become entitled, in the event of a failure by any person to comply with—
- (a) the terms of the loan to which the security relates, or
- (b) the terms of the security,
to receive anything (whether directly or indirectly) from a third party.
- (3) For the purposes of sub-paragraph (2) above it shall be immaterial whether the arrangements apply in all cases of a failure to comply or only in certain such cases.
- (4) For the purposes of this paragraph “*third party*” means any person except—
- (a) the relevant company; and
- (b) if the relevant company is the parent company of a trading group for the purposes of paragraph 3 above, the subsidiaries of the relevant company.
### Requirement that a proportion of the holding in each company must be eligible shares
##### 10B
- (1) The requirement of this paragraph is that eligible shares represent at least 10 per cent. by value of the totality of the shares in or securities of the relevant company (including the relevant holding) which are held by the trust company.
- (2) For the purposes of this paragraph the value at any time of any shares in or securities of a company shall be taken (subject to sub-paragraph (4) below) to be their value immediately after—
- (a) any relevant event occurring at that time; or
- (b) where no relevant event occurs at that time, the last relevant event to occur before that time.
- (3) In sub-paragraph (2) above “*relevant event*”, in relation to any shares in or securities of the relevant company, means—
- (a) the acquisition by the trust company of those shares or securities;
- (b) the acquisition by the trust company of any other shares in or securities of the relevant company which—
- (i) are of the same description as those shares or securities, and
- (ii) are acquired otherwise than by virtue of being allotted to the trust company without that company’s becoming liable to give any consideration;
or
- (c) the making of any such payment in discharge, in whole or in part, of any obligation attached to any shares in or securities of the relevant company held by the trust company as (by discharging that obligation) increases the value of any such shares or securities.
- (4) If at any time the value of any shares or securities held by the trust company is less than the amount of the consideration given by the trust company for those shares or securities, it shall be assumed for the purposes of this paragraph that the value of those shares or securities at that time is equal to the amount of that consideration.
- (5) In this paragraph “*eligible shares*” has the same meaning as in section 842AA.
### Acquisitions for restructuring purposes
##### 10C
- (1) This paragraph applies where—
- (a) arrangements are made for a company (“*the new company*”) to acquire all the shares (“*old shares*”) in another company (“*the old company*”);
- (b) the acquisition provided for by the arrangements falls within sub-paragraph (2) below; and
- (c) the Board have, before any exchange of shares takes place under the arrangements, given an approval notification.
- (2) An acquisition of shares falls within this sub-paragraph if—
- (a) the consideration for the old shares consists wholly of the issue of shares (“*new shares*”) in the new company;
- (b) new shares are issued in consideration of old shares only at times when there are no issued shares in the new company other than subscriber shares and new shares previously issued in consideration of old shares;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description; and
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of, and in proportion to, their holdings.
- (3) For the purposes of sub-paragraph (1)(c) above an approval notification is one which, on an application by either the old company or the new company, is given to the applicant company and states that the Board are satisfied that the exchange of shares under the arrangements—
- (a) will be effected for bona fide commercial reasons; and
- (b) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (4) If the requirements of paragraph 3 above were satisfied in relation to the old company and any old shares immediately before the beginning of the period for giving effect to the arrangements, then (to the extent that it would not otherwise be the case) those requirements shall be deemed to be satisfied in relation to the new company and the matching new shares at all times which—
- (a) fall in that period; and
- (b) do not fall after a time when (apart from the arrangements) those requirements would have ceased by virtue of—
- (i) sub-paragraph (4) or (5) of that paragraph, or
- (ii) any cessation of a trade by any company,
to be satisfied in relation to the old company and the matching old shares.
- (5) For the purposes of paragraph 3 above the period of two years mentioned in sub-paragraph (4) of that paragraph shall be deemed, in the case of any new shares, to expire at the same time as it would have expired (or by virtue of this sub-paragraph would have been deemed to expire) in the case of the matching old shares.
- (6) Subject to sub-paragraph (7) below, where—
- (a) there is an exchange under the arrangements of any new shares for any old shares, and
- (b) those old shares are shares in relation to which the requirements of paragraphs 6 and 8 above were (or were deemed to be) satisfied to any extent immediately before the exchange,
those requirements shall be deemed, at all times after that time, to be satisfied to the same extent in relation to the matching new shares.
- (7) Where there is a time following any exchange under the arrangements of any new shares for any old shares when (apart from the arrangements) the requirements of paragraph 6 above would have ceased under—
- (a) sub-paragraph (2) of that paragraph, or
- (b) this sub-paragraph,
to be satisfied in relation to those old shares, those requirements shall cease at that time to be satisfied in relation to the matching new shares.
- (8) For the purposes of paragraph 7 above any new shares acquired under the arrangements shall be deemed to represent an investment which—
- (a) raised the same amount of money as was raised (or, by virtue of this sub-paragraph, is deemed to have been raised) by the issue of the matching old shares, and
- (b) raised that amount by an issue of shares in the new company made at the time when the issue of the matching old shares took place (or, as the case may be, is deemed to have taken place).
- (9) In determining whether the requirements of paragraph 9 above are satisfied in relation to the old company or the new company at a time in the period for giving effect to the arrangements, both—
- (a) the arrangements themselves, and
- (b) any exchange of new shares for old shares that has already taken place under the arrangements,
shall be disregarded.
- (10) For the purposes of paragraph 10B above the value of the new shares, both immediately after the time of their acquisition and immediately after the time of any subsequent relevant event occurring by virtue of the arrangements, shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the old shares for which they are exchanged.
- (11) Nothing in this paragraph shall deem any of the requirements of this Schedule to be satisfied in relation to any new shares unless the matching old shares were first issued to the trust company and have been held by that company from the time when they were issued until they are acquired by the new company.
- (12) References in this paragraph to the period for giving effect to the arrangements are references to the period which—
- (a) begins with the time when those arrangements first came into existence; and
- (b) ends with the time when the new company completes its acquisition under the arrangements of all the old shares.
- (13) If, at any time after the arrangements first came into existence and before the new company has acquired all the old shares, the arrangements—
- (a) cease to be arrangements for the acquisition of all the old shares by the new company, or
- (b) cease to be arrangements for an acquisition falling within sub-paragraph (2) above,
this paragraph shall not deem any requirement of this Schedule to be satisfied, and sub-paragraph (10) above shall not apply, in the case of any new shares at any time after the arrangements have so ceased.
- (14) Subject to sub-paragraph (15) below, references in this paragraph, except in the expression “subscriber shares”, to shares in a company include references to any securities of that company.
- (15) For the purposes of this paragraph, a relevant security of the old company shall not be treated as a security of that company if—
- (a) the arrangements do not provide for the acquisition of the security by the new company; or
- (b) such treatment prevents sub-paragraph (1)(b) above from being satisfied in connection with the arrangements.
- (16) In sub-paragraph (15) above “*relevant security*” means an instrument which is a security for the purposes of this Schedule by reason only of section 842AA(12).
- (17) For the purposes of this paragraph—
- (a) old shares and new shares are of a corresponding description if, were they shares in the same company, they would be of the same description; and
- (b) old shares and new shares are matching shares in relation to each other if the old shares are the shares for which those new shares are exchanged under the arrangements.
### Conversion of convertible shares and securities
##### 10D
- (1) This paragraph applies where—
- (a) shares have been issued to the trust company by virtue of the exercise by that company of any right of conversion attached to other shares, or securities, held by that company (“*the convertibles*”);
- (b) the shares so issued are in the same company as the convertibles to which the right was attached;
- (c) the convertibles to which the right was attached were first issued to the trust company and were held by that company from the time they were issued until converted; and
- (d) the right was attached to the convertibles when they were first so issued and was not varied before it was exercised.
- (2) Sub-paragraphs (5) to (8) of paragraph 10C above shall apply in relation to the exchange of convertibles for shares by virtue of the exercise of the right of conversion as if—
- (a) that exchange were an exchange under any such arrangements as are mentioned in that paragraph of new shares for old shares; and
- (b) the references in those sub-paragraphs and sub-paragraph (17)(b) of that paragraph to the arrangements were references to the provision conferring the right of conversion.
- (3) For the purposes of paragraph 10B above the value of the new shares immediately after the time of their acquisition by the trust company shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the convertibles for which they are exchanged.
### Winding up of the relevant company
##### 11
None of the requirements of this Schedule shall be regarded, at a time when the relevant company is being wound up, as being, on that account, a requirement that is not satisfied in relation to that company if . . . —
- (a) . . . the requirements of this Schedule would be satisfied in relation to that company apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
### Company in administration or receivership
##### 11A
- (1) A company which is in administration or receivership shall not be regarded as ceasing to comply with paragraph 3(2) or (3) by reason only of anything done as a consequence of its being in administration or receivership.
- (2) For this purpose—
- (a) a company is “in administration” if it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986, or there is in force in relation to it—
- (i) an administration order under Part III of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom; and
- (b) a company is “in receivership" if there is in force in relation to it—
- (i) an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter I or II of Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom.
- (3) This paragraph applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
### Company reorganisations etc. involving exchange of shares
##### 11B
- (1) The Treasury may by regulations make provision for cases where—
- (a) a holding of shares or securities that meets the requirements of this Schedule is exchanged for other shares or securities,
- (b) the exchange is made for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax, and
- (c) the new shares or securities do not meet some or all of the requirements of this Schedule,
providing that the new shares or securities shall be treated as meeting those requirements.
- (2) The references in sub-paragraph (1) to an exchange of shares or securities include any form of company reorganisation or other arrangement which involves a holder of shares or securities in a company receiving other shares or securities—
- (a) whether the original shares or securities are transferred, cancelled or retained, and
- (b) whether the new shares or securities are in the same or another company.
- (3) The regulations shall specify—
- (a) the cases in which, and conditions subject to which, they apply,
- (b) which requirements of this Schedule are to be treated as met, and
- (c) the period for which those requirements are to be treated as met.
- (4) The regulations may contain such administrative provisions (including provision for advance clearances) as appear to the Treasury to be necessary or expedient.
- (5) The regulations may authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by the regulations are met.
- (6) Regulations under this paragraph—
- (a) may make different provision for different cases,
- (b) may include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate, and
- (c) may include provision having retrospective effect.
### Power to amend Schedule
##### 12
The Treasury may by order amend this Schedule for any or all of the following purposes, that is to say—
- (a) to make such modifications of paragraphs 3 to 5 above as they may consider expedient;
- (b) to substitute different sums for the sums of money for the time being specified in paragraphs 7(2) and 8(1) above.
### General interpretation
##### 13
- (1) Subject to paragraph 10C(15) above, in this Schedule—
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985; and
- “*securities*” has the same meaning as in section 842AA;
and references in this Schedule to the issue of any securities, in relation to any security consisting in a liability in respect of an unsecured loan, shall have effect as references to the making of the loan.
- (2) For the purposes of paragraphs 5(2) and 9 above, the question whether a person controls a company shall be determined in accordance with subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) below.
- (3) The modification is that, in determining whether a person controls a company, there shall be disregarded—
- (a) his or any other person’s possession of, or entitlement to acquire, relevant fixed-rate preference shares of the company; and
- (b) his or any other person’s possession of, or entitlement to acquire, rights as a loan creditor of the company.
- (4) Section 839 shall apply for the purposes of this Schedule, but as if the reference in subsection (8) to section 416 were a reference to subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) above.
- (5) For the purposes of sub-paragraph (3) above—
- (a) relevant fixed-rate preference shares are fixed-rate preference shares that do not for the time being carry voting rights; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) In this paragraph “*fixed-rate preference shares*” means shares which—
- (a) were issued wholly for new consideration;
- (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities; and
- (c) do not carry any right to dividends other than dividends which—
- (i) are of a fixed amount or at a fixed rate per cent. of the nominal value of the shares, and
- (ii) together with any sum paid on redemption, represent no more than a reasonable commercial return on the consideration for which the shares were issued;
and in paragraph (a) above “*new consideration*” has the meaning given by section 254.
##### 18A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Editorial notes
[^c21566881]: **EDITORIAL NOTE** The originating text of this Act is derived from the 1990 edition of The Taxes Acts edited by the Inland Revenue and published by Her Majesty's Stationery Office. The style of editing followed in older versions of the revised text may therefore differ from that applicable to most other Acts published in the online edition of the revised statutes. Any references in older footnote annotations to Vol. 1, 2 etc. are to the Volumes of that 1990 edition. References to Acts in sidenotes and footnote annotations may be abbreviated. The main abbreviations used are listed below. Where a reference to an Act consists of the year, or the year and a series number (such as "1975", or "1975 (No. 2)", etc.), without any following letter(s) in parentheses, the reference is in most cases to the Finance Act, or Finance (No. 2) Act, etc., of that year. Exceptions to this are 1952, 1970, and 1988 (as to which see the list below). **ABBREVIATIONS USED IN SIDENOTES AND FOOTNOTES** 1828 (R.S.) = [Revenue Solicitors Act 1828 (c. 25, SIF 57)](https://www.legislation.gov.uk/ukpga/1828/25) 1890 (I.R.R.) = [Inland Revenue Regulation Act 1890 (c. 21, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1890/21) 1952 = [Income Tax Act 1952 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1952/10) 1968 (C) = [Capital Allowances Act 1968 (c. 3)](https://www.legislation.gov.uk/ukpga/1968/3) 1970 (M) = [Taxes Management Act 1970 (c. 9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9) 1970 = [Income and Corporation Taxes Act 1970 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/10) 1970 (F) = [Finance Act 1970 (c. 24, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1970/24) 1970 (No.2) = [Income and Corporation Taxes (No.2) Act 1970 (c. 54)](https://www.legislation.gov.uk/ukpga/1970/54) 1975 (O) = [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22) (and similarly as respects subsequent years) 1976 (D) = [Development Land Tax Act 1976 (c. 24)](https://www.legislation.gov.uk/ukpga/1976/24) 1977 (I.T.R.) = [Finance (Income Tax Reliefs) Act 1977 (c. 53)](https://www.legislation.gov.uk/ukpga/1977/53) 1979 (C) = [Capital Gains Tax Act 1979 (c. 14, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1979/14) 1984 (C) = [Capital Transfer Tax Act 1984/Inheritance Tax Act 1984 (c. 51, SIF 65)](https://www.legislation.gov.uk/ukpga/1984/51) 1988 = [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1) 1988 (F) = [Finance Act 1988 (c. 39, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1988/39) 1990 (C) = [Capital Allowances Act 1990 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1) O.J. = Official Journal of the European Communities SIF = Statutes in Force, the official hard-copy predecessor to the online statutes (and any following numbers refer to the relevant volume)
[^c21566891]: General amendments, modifications, etc. to Tax Acts (or Income Tax Acts or Corporation Taxes Acts as the case may be): [Taxes Management Act 1970 (c.9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9), [s. 41A(7)](https://www.legislation.gov.uk/ukpga/1970/9/section/41A/7) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 95(1)(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/95/1/2)); [British Telecommunications Act 1981 (c.38, SIF 96)](https://www.legislation.gov.uk/ukpga/1981/38), [s. 82(2)(7)](https://www.legislation.gov.uk/ukpga/1981/38/section/82/2/7); [Telecommunications Act 1984 (c.12, SIF 96)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3); [Finance Act 1984 (c.43, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1984/43), [ss. 82(6)](https://www.legislation.gov.uk/ukpga/1984/43/section/82/6), [85(2)](https://www.legislation.gov.uk/ukpga/1984/43/section/85/2), [89(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/89/1/7), [96(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/96/1/7), [98(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/98/7), [Sch. 9 para. 3(2)(9)](https://www.legislation.gov.uk/ukpga/1984/43/schedule/9/paragraph/3/2/9), [Sch. 16 paras. 6](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/6), [12](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/12); [Finance Act 1985 (c.54, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1985/54), [ss. 72(1)](https://www.legislation.gov.uk/ukpga/1985/54/section/72/1), [74(5)](https://www.legislation.gov.uk/ukpga/1985/54/section/74/5), [Sch. 23 para. 15(4)](https://www.legislation.gov.uk/ukpga/1985/54/schedule/23/paragraph/15/4); [The Income Tax (Entertainers and Sportsmen) Regulations 1987 (S.I. 1987/530)](https://www.legislation.gov.uk/uksi/1987/530), [regs. 11(2)](https://www.legislation.gov.uk/uksi/1987/530/regulation/11/2), [13(1)](https://www.legislation.gov.uk/uksi/1987/530/regulation/13/1), [14](https://www.legislation.gov.uk/uksi/1987/530/regulation/14); [Income and Corporation Taxes Act 1988 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/section/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/section/7), [9](https://www.legislation.gov.uk/ukpga/1988/1/section/9), [32](https://www.legislation.gov.uk/ukpga/1988/1/section/32), [34](https://www.legislation.gov.uk/ukpga/1988/1/section/34), [78](https://www.legislation.gov.uk/ukpga/1988/1/section/78), [134](https://www.legislation.gov.uk/ukpga/1988/1/section/134), [135](https://www.legislation.gov.uk/ukpga/1988/1/section/135), [141](https://www.legislation.gov.uk/ukpga/1988/1/section/141), [142](https://www.legislation.gov.uk/ukpga/1988/1/section/142), [185](https://www.legislation.gov.uk/ukpga/1988/1/section/185), [191](https://www.legislation.gov.uk/ukpga/1988/1/section/191), [193](https://www.legislation.gov.uk/ukpga/1988/1/section/193), [194](https://www.legislation.gov.uk/ukpga/1988/1/section/194), [195](https://www.legislation.gov.uk/ukpga/1988/1/section/195), [200](https://www.legislation.gov.uk/ukpga/1988/1/section/200), [203](https://www.legislation.gov.uk/ukpga/1988/1/section/203), [209](https://www.legislation.gov.uk/ukpga/1988/1/section/209), [212](https://www.legislation.gov.uk/ukpga/1988/1/section/212), [213](https://www.legislation.gov.uk/ukpga/1988/1/section/213), [219](https://www.legislation.gov.uk/ukpga/1988/1/section/219), [247](https://www.legislation.gov.uk/ukpga/1988/1/section/247), [253](https://www.legislation.gov.uk/ukpga/1988/1/section/253), [272](https://www.legislation.gov.uk/ukpga/1988/1/section/272), [287](https://www.legislation.gov.uk/ukpga/1988/1/section/287), [314](https://www.legislation.gov.uk/ukpga/1988/1/section/314), [315](https://www.legislation.gov.uk/ukpga/1988/1/section/315), [317](https://www.legislation.gov.uk/ukpga/1988/1/section/317), [318](https://www.legislation.gov.uk/ukpga/1988/1/section/318), [325](https://www.legislation.gov.uk/ukpga/1988/1/section/325), [326](https://www.legislation.gov.uk/ukpga/1988/1/section/326), [327](https://www.legislation.gov.uk/ukpga/1988/1/section/327), [345](https://www.legislation.gov.uk/ukpga/1988/1/section/345), [350](https://www.legislation.gov.uk/ukpga/1988/1/section/350), [351](https://www.legislation.gov.uk/ukpga/1988/1/section/351), [368](https://www.legislation.gov.uk/ukpga/1988/1/section/368), [375](https://www.legislation.gov.uk/ukpga/1988/1/section/375), [381](https://www.legislation.gov.uk/ukpga/1988/1/section/381), [397](https://www.legislation.gov.uk/ukpga/1988/1/section/397), [414](https://www.legislation.gov.uk/ukpga/1988/1/section/414), [432](https://www.legislation.gov.uk/ukpga/1988/1/section/432), [440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [442](https://www.legislation.gov.uk/ukpga/1988/1/section/442), [446](https://www.legislation.gov.uk/ukpga/1988/1/section/446), [458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [460](https://www.legislation.gov.uk/ukpga/1988/1/section/460), [461](https://www.legislation.gov.uk/ukpga/1988/1/section/461), [463](https://www.legislation.gov.uk/ukpga/1988/1/section/463), [463(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/2/3) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 50(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/50/2)), [468](https://www.legislation.gov.uk/ukpga/1988/1/section/468), [474](https://www.legislation.gov.uk/ukpga/1988/1/section/474), [475](https://www.legislation.gov.uk/ukpga/1988/1/section/475), [486](https://www.legislation.gov.uk/ukpga/1988/1/section/486), [490](https://www.legislation.gov.uk/ukpga/1988/1/section/490), [491](https://www.legislation.gov.uk/ukpga/1988/1/section/491), [503](https://www.legislation.gov.uk/ukpga/1988/1/section/503), [511](https://www.legislation.gov.uk/ukpga/1988/1/section/511), [518](https://www.legislation.gov.uk/ukpga/1988/1/section/518), [524](https://www.legislation.gov.uk/ukpga/1988/1/section/524), [532](https://www.legislation.gov.uk/ukpga/1988/1/section/532), [544](https://www.legislation.gov.uk/ukpga/1988/1/section/544), [550](https://www.legislation.gov.uk/ukpga/1988/1/section/550), [556](https://www.legislation.gov.uk/ukpga/1988/1/section/556), [558](https://www.legislation.gov.uk/ukpga/1988/1/section/558), [569](https://www.legislation.gov.uk/ukpga/1988/1/section/569), [572](https://www.legislation.gov.uk/ukpga/1988/1/section/572), [582](https://www.legislation.gov.uk/ukpga/1988/1/section/582), [595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [601](https://www.legislation.gov.uk/ukpga/1988/1/section/601), [613](https://www.legislation.gov.uk/ukpga/1988/1/section/613), [617](https://www.legislation.gov.uk/ukpga/1988/1/section/617), [619](https://www.legislation.gov.uk/ukpga/1988/1/section/619), [621](https://www.legislation.gov.uk/ukpga/1988/1/section/621), [639](https://www.legislation.gov.uk/ukpga/1988/1/section/639), [656](https://www.legislation.gov.uk/ukpga/1988/1/section/656), [660](https://www.legislation.gov.uk/ukpga/1988/1/section/660), [663](https://www.legislation.gov.uk/ukpga/1988/1/section/663), [676](https://www.legislation.gov.uk/ukpga/1988/1/section/676), [689](https://www.legislation.gov.uk/ukpga/1988/1/section/689), [691](https://www.legislation.gov.uk/ukpga/1988/1/section/691), [694](https://www.legislation.gov.uk/ukpga/1988/1/section/694), [700](https://www.legislation.gov.uk/ukpga/1988/1/section/700), [701](https://www.legislation.gov.uk/ukpga/1988/1/section/701), [714](https://www.legislation.gov.uk/ukpga/1988/1/section/714), [716](https://www.legislation.gov.uk/ukpga/1988/1/section/716), [739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [743](https://www.legislation.gov.uk/ukpga/1988/1/section/743), [754](https://www.legislation.gov.uk/ukpga/1988/1/section/754), [763](https://www.legislation.gov.uk/ukpga/1988/1/section/763), [776](https://www.legislation.gov.uk/ukpga/1988/1/section/776), [780](https://www.legislation.gov.uk/ukpga/1988/1/section/780), [781](https://www.legislation.gov.uk/ukpga/1988/1/section/781), [782](https://www.legislation.gov.uk/ukpga/1988/1/section/782), [787](https://www.legislation.gov.uk/ukpga/1988/1/section/787), [789](https://www.legislation.gov.uk/ukpga/1988/1/section/789), [811](https://www.legislation.gov.uk/ukpga/1988/1/section/811), [828](https://www.legislation.gov.uk/ukpga/1988/1/section/828), [829](https://www.legislation.gov.uk/ukpga/1988/1/section/829), [832](https://www.legislation.gov.uk/ukpga/1988/1/section/832), [833](https://www.legislation.gov.uk/ukpga/1988/1/section/833), [834](https://www.legislation.gov.uk/ukpga/1988/1/section/834), [835](https://www.legislation.gov.uk/ukpga/1988/1/section/835), [837](https://www.legislation.gov.uk/ukpga/1988/1/section/837), [838](https://www.legislation.gov.uk/ukpga/1988/1/section/838), [839](https://www.legislation.gov.uk/ukpga/1988/1/section/839), [840](https://www.legislation.gov.uk/ukpga/1988/1/section/840), [841](https://www.legislation.gov.uk/ukpga/1988/1/section/841), [842](https://www.legislation.gov.uk/ukpga/1988/1/section/842), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2/paragraph/5), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5), [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10), [Sch. 16 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/10), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6), [Sch. 26 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1), [Sch. 27 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/20); [Finance Act 1988 (c.39, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 66](https://www.legislation.gov.uk/ukpga/1988/39/section/66), [127(1)(6)](https://www.legislation.gov.uk/ukpga/1988/39/section/127/1/6), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/39/schedule/12/paragraph/6); [Electricity Act 1989 (c. 29, SIF 44:1)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 90](https://www.legislation.gov.uk/ukpga/1989/29/section/90), [Sch. 11 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/8/2); [S.I. 1990/117](https://www.legislation.gov.uk/uksi/1990/117), [art. 3](https://www.legislation.gov.uk/uksi/1990/117/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/117/schedule/1); [Capital Allowances Act 1990 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/28/1), [68(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/68/8), [74](https://www.legislation.gov.uk/ukpga/1988/1/section/74), [82](https://www.legislation.gov.uk/ukpga/1988/1/section/82), [83(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/5), [148(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/148/5), [163(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/163/4), [164(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/164/2); [S.I. 1990/627](https://www.legislation.gov.uk/uksi/1990/627); [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 25(10)](https://www.legislation.gov.uk/ukpga/1990/29/section/25/10); [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) (having effect with respect to gifts made on or after 19.3.1991), s. 587A(2)(3) (with application as referred to in [Finance Act 1991 (c.31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5) (if the new securities are issued on or after 19.3.1991)), [s. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A), [Sch. 23A paras. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2), [4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4), [5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5/2), [7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1); [Ports Act 1991 (c. 52, SIF 58)](https://www.legislation.gov.uk/ukpga/1991/52), [s. 35(8)](https://www.legislation.gov.uk/ukpga/1991/52/section/35/8); [The Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000)](https://www.legislation.gov.uk/uksi/1991/2000), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/1/1), [4(5)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/4/5); [British Technology Group Act 1991 (c.66, SIF 64)](https://www.legislation.gov.uk/ukpga/1991/66), [s.12(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1991/66/section/12/1/3/4); [S.I. 1991/2721](https://www.legislation.gov.uk/uksi/1991/2721), [art.2](https://www.legislation.gov.uk/uksi/1991/2721/article/2); [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1 reg. 28](https://www.legislation.gov.uk/uksi/1979/591/schedule/1/regulation/28) (as substituted by [S.I. 1992/97](https://www.legislation.gov.uk/uksi/1992/97), [reg. 18](https://www.legislation.gov.uk/uksi/1992/97/regulation/18)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [ss. 16](https://www.legislation.gov.uk/ukpga/1992/4/section/16), [177(4)](https://www.legislation.gov.uk/ukpga/1992/4/section/177/4), [Sch.2](https://www.legislation.gov.uk/ukpga/1992/4/schedule/2) (with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1992/4/section/108/5)); [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 209(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/209/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) (with effect for the year 1992-93 and subsequent years of assessment); [The Lloyd's Underwriters (Tax) (1989-90) Regulations 1992 (S.I. 1992/511)](https://www.legislation.gov.uk/uksi/1992/511), [reg.3](https://www.legislation.gov.uk/uksi/1992/511/regulation/3) (with effect for the year of assessment 1989-90); [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 12 paras. 6(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/6/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7), [Sch. 17 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/9); [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [3(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/3/1) (with effect for the year of assessment 1990-91); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(3)-(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/3), [118(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/118/1), [146(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/146/2/3), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [175](https://www.legislation.gov.uk/ukpga/1993/34/section/175), [Sch. 20 paras. 8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/8), [9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/9/1); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 172(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/172/1), [176(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/1), [179(4)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/179/4/5), [180(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/180/1/a/2), [182(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/182/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) (with effect for the year 1992-93 and subsequent years of assessment); [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [ss. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [36](https://www.legislation.gov.uk/ukpga/1993/37/section/36), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [paras. 1](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/1), [2(1)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/2/1), [3(2)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/3/2), [16(2)(a)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/16/2/a), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/4/paragraph/1/1); [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [regs. 1](https://www.legislation.gov.uk/uksi/1993/2004/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/4/1) , [5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1), [7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1), [8](https://www.legislation.gov.uk/uksi/1993/2004/regulation/8), [11(7)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/11/7); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 139(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/139/1/2), [173(2)(b)(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/b/4/a/b), [174](https://www.legislation.gov.uk/ukpga/1994/9/section/174), [Sch. 25 paras. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/2), [6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/6/1/2); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 paras. 1(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/1/4), [12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/12/2), [15(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/b), [18(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/1), [20(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/1/a/3), [25(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/1) (with retrospective effect to 11.1.1994); [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/11/1), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14), [17(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/17/2), [19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/19/1/a/3); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule); [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg.3](https://www.legislation.gov.uk/uksi/1994/728/regulation/3) (with effect for the year of assessment 1991-92); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 152](https://www.legislation.gov.uk/ukpga/1995/4/section/152), [157(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/12); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154](https://www.legislation.gov.uk/ukpga/1995/4/section/154) (with retrospective effect to 29.11.1994); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2/3), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)); [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/3); [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/7), [13](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/13); [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1/2), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(1)-(3)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/1); [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 3](https://www.legislation.gov.uk/uksi/1995/171/regulation/3); [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 4](https://www.legislation.gov.uk/uksi/1995/351/regulation/4) (with [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5) and [S.I. 1995/352](https://www.legislation.gov.uk/uksi/1995/352), [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15)); [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/352/regulation/4) (with [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15) and [S.I. 1995/351](https://www.legislation.gov.uk/uksi/1995/351), [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5)) (with effect for the years of assessment 1992-93 to 1996-97); [The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 (S.I. 1995/2052)](https://www.legislation.gov.uk/uksi/1995/2052), [regs. 1](https://www.legislation.gov.uk/uksi/1995/2052/regulation/1), [10](https://www.legislation.gov.uk/uksi/1995/2052/regulation/10); [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 81(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/81/1), [151(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/151/1), [152](https://www.legislation.gov.uk/ukpga/1996/8/section/152), [154(2)(5)(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/2/5/9), [Sch. 10 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/4/2), [Sch. 11 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/4/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 689A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/2) (as inserted by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 paras. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16), [28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28)); [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [Sch. 7 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/1/3), [18](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/18), [27](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/27); [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3), [Sch. 7 paras. 2(1)(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/2/1/3), [3(2)(5)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2/5), [7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/2); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) (as substituted and inserted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/1), [13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3), [16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16)); [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28A](https://www.legislation.gov.uk/ukpga/1990/1/section/28A), [29(1)(1A)](https://www.legislation.gov.uk/ukpga/1990/1/section/29/1/1A) (as inserted and substituted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 paras. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/4)) [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 29(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/29/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) (as substituted by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4/6); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 3](https://www.legislation.gov.uk/uksi/1997/473/regulation/3) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 165(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/a); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 4](https://www.legislation.gov.uk/uksi/2004/822/regulation/4)) [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [3-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (as amended by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715)); [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [regs. 1](https://www.legislation.gov.uk/uksi/1997/2681/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/2681/regulation/9); [Teaching and Higher Education Act 1998 (c. 30)](https://www.legislation.gov.uk/ukpga/1998/30), [s. 22(5)(g)](https://www.legislation.gov.uk/ukpga/1998/30/section/22/5/g); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/30/3), [31(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/31/2), [32(8)](https://www.legislation.gov.uk/ukpga/1998/36/section/32/8), [46](https://www.legislation.gov.uk/ukpga/1998/36/section/46), [47(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/3/a), [117](https://www.legislation.gov.uk/ukpga/1998/36/section/117), [161(2)(b)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/b/7), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 65A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/65A/3), [70A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/3), [596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C), [754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2), [Sch. 28AA para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/b) (as inserted or substituted (as the case may be) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38](https://www.legislation.gov.uk/ukpga/1998/36/section/38), [93(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3/4), [108(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5/6), [Sch. 5 paras. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/24), [25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25), [73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [Sch. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/16), [Sch. 17 paras. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4), [37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37); [Regional Development Agencies Act 1998 (c. 45)](https://www.legislation.gov.uk/ukpga/1998/45), [s. 38](https://www.legislation.gov.uk/ukpga/1998/45/section/38); [S.I. 1998/2952](https://www.legislation.gov.uk/uksi/1998/2952), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/2952/article/2/2); [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1998/46/section/73/2); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/3178/article/2/2), [Sch. 3](https://www.legislation.gov.uk/uksi/1998/3178/schedule/3); [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [21](https://www.legislation.gov.uk/uksi/1998/3177/regulation/21); [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) (as inserted by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1/3)); [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [ss. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1999/20/section/6/2/c), [16(1)(4)(c)(5)](https://www.legislation.gov.uk/ukpga/1999/20/section/16/1/4/c/5); [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/43); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) (as inserted by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1/3)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 253(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/253/4), [260(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/5), [579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) (as substituted by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 55(2)-(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/2)(7), 83(1)(a)(3), Sch. 26 para. 51; [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 56](https://www.legislation.gov.uk/ukpga/2003/1/section/56), [566(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/566/2), [723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))); [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 148(1)-(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/1), [150](https://www.legislation.gov.uk/ukpga/2003/14/section/150), [195](https://www.legislation.gov.uk/ukpga/2003/14/section/195); [The Taxation of Benefits under Government Pilot Schemes (Return to Work Credit and Employment Retention and Advancement Schemes) Order 2003 (S.I. 2003/2339)](https://www.legislation.gov.uk/uksi/2003/2339), [arts. 1](https://www.legislation.gov.uk/uksi/2003/2339/article/1), [3](https://www.legislation.gov.uk/uksi/2003/2339/article/3); [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 51](https://www.legislation.gov.uk/ukpga/2004/12/section/51), [188(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/188/7), [192(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/8/10), [205(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/205/7), [206(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/206/7), [207(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/207/7), [208(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/208/8), [215(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/215/11), [227(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/227/5), [254(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/254/7), [255(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/255/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23),Sch. 26 para. 36(2) (as substituted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 52(1)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/1/3), [Sch. 10 para. 62](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/62)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 paras. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1), [3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)); [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(10)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/10), [28(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/28/5), [29(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/29/6), [30(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/30/6), [38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2), [44(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/44/5), [Sch. 9 para. 37(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/37/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1); [Horserace Betting and Olympic Lottery Act 2004 (c. 25)](https://www.legislation.gov.uk/ukpga/2004/25), [ss. 4(1)](https://www.legislation.gov.uk/ukpga/2004/25/section/4/1), [5(3)(c)(4)](https://www.legislation.gov.uk/ukpga/2004/25/section/5/3/c/4); [S.I. 2011/462](https://www.legislation.gov.uk/uksi/2011/462), [art. 2](https://www.legislation.gov.uk/uksi/2011/462/article/2); [The Taxation of Benefits under Government Pilot Schemes (Working Neighbourhoods Pilot and In Work Credit) Order 2004 (S.I. 2004/575)](https://www.legislation.gov.uk/uksi/2004/575), [art. 3](https://www.legislation.gov.uk/uksi/2004/575/article/3); [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [ss. 41(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/41/4), [50](https://www.legislation.gov.uk/ukpga/2005/7/section/50), [53](https://www.legislation.gov.uk/ukpga/2005/7/section/53), [54](https://www.legislation.gov.uk/ukpga/2005/7/section/54), [56](https://www.legislation.gov.uk/ukpga/2005/7/section/56), [83(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/1); [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [Sch. 10 para. 34(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/34/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), art, 2, Sch.; [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/7/2), [8](https://www.legislation.gov.uk/ukpga/2005/22/section/8), [9](https://www.legislation.gov.uk/ukpga/2005/22/section/9); [Finance Act 1988 (c.39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 66A(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/66A/2/4) (as inserted by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 60(1)(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/60/1/3)); [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 4](https://www.legislation.gov.uk/uksi/2005/1907/regulation/4); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 3](https://www.legislation.gov.uk/uksi/2005/2014/regulation/3); [The Donations to Charity by Individuals (Appropriate Declarations) (Amendment) Regulations 2005 (S.I. 2005/2790)](https://www.legislation.gov.uk/uksi/2005/2790), [regs. 6](https://www.legislation.gov.uk/uksi/2005/2790/regulation/6), [7](https://www.legislation.gov.uk/uksi/2005/2790/regulation/7); [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 4](https://www.legislation.gov.uk/uksi/2006/575/regulation/4); [Telecommunications Act 1984 (c. 12)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3) (as substituted by [S.I. 2006/745](https://www.legislation.gov.uk/uksi/2006/745), [art. 2](https://www.legislation.gov.uk/uksi/2006/745/article/2)); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006 (S.I. 2006/3218)](https://www.legislation.gov.uk/uksi/2006/3218), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3218/regulation/1/1/2), [2-12](https://www.legislation.gov.uk/uksi/2006/3218/regulation/2); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) (No. 2) Regulations 2006 (S.I. 2006/3389)](https://www.legislation.gov.uk/uksi/2006/3389), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3389/regulation/1/1/2), [2-10](https://www.legislation.gov.uk/uksi/2006/3389/regulation/2) (as amended by [S.I. 2007/2147](https://www.legislation.gov.uk/uksi/2007/2147), [regs. 1-6](https://www.legislation.gov.uk/uksi/2007/2147/regulation/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 414](https://www.legislation.gov.uk/ukpga/2007/3/section/414), [466](https://www.legislation.gov.uk/ukpga/2007/3/section/466), [467](https://www.legislation.gov.uk/ukpga/2007/3/section/467), [473(5)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/473/5/6), [474](https://www.legislation.gov.uk/ukpga/2007/3/section/474), [477](https://www.legislation.gov.uk/ukpga/2007/3/section/477), [513(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/513/4), [573](https://www.legislation.gov.uk/ukpga/2007/3/section/573), [576](https://www.legislation.gov.uk/ukpga/2007/3/section/576), [578](https://www.legislation.gov.uk/ukpga/2007/3/section/578), [586(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/586/2), [597(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/597/2), [711(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/711/2), [959](https://www.legislation.gov.uk/ukpga/2007/3/section/959), [963(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/963/4), [970(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/970/1), [988-1016](https://www.legislation.gov.uk/ukpga/2007/3/section/988) (Pt. 16) (with Sch. 2); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61G](https://www.legislation.gov.uk/ukpga/2003/1/section/61G) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 25](https://www.legislation.gov.uk/ukpga/2007/11/section/25), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/3/paragraph/4)); [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [Sch. 4 para. 11](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/11); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule); [The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050)](https://www.legislation.gov.uk/uksi/2007/1050), [regs. 1](https://www.legislation.gov.uk/uksi/2007/1050/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2007/1050/regulation/3) (as amended by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 2 para. 131](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/131) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))); [The Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards) Regulations 2007 (S.I. 2007/3338](https://www.legislation.gov.uk/uksi/2007/3338)), [reg. 3](https://www.legislation.gov.uk/uksi/2007/3338/regulation/3); [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1), [6](https://www.legislation.gov.uk/uksi/2007/3402/regulation/6); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 461D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461D/4) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3)); [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 840A(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/840A/3) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 69](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/69), [81](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/81)); [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(2)(4)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/2/4); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 69Z15(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z15/2), [69Z16(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z16/2), [69Z17(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z17/2) (as inserted by [S.I. 2008/705](https://www.legislation.gov.uk/uksi/2008/705), [reg. 5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)); [The Friendly Societies (Transfers of Other Business) (Modification of the Corporation Tax Acts) Regulations 2008 (S.I. 2008/1942)](https://www.legislation.gov.uk/uksi/2008/1942), [regs. 1-7](https://www.legislation.gov.uk/uksi/2008/1942/regulation/1); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 2(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/2/4), [3](https://www.legislation.gov.uk/ukpga/2009/4/section/3), [294(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/294/2), [481(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/481/2), [490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2), [509(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/509/2), [515](https://www.legislation.gov.uk/ukpga/2009/4/section/515), [516(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/516/1), [521(4)(e)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/521/4/e/5), [539(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/539/6), [540(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/540/3), [545](https://www.legislation.gov.uk/ukpga/2009/4/section/545), [550](https://www.legislation.gov.uk/ukpga/2009/4/section/550), [592(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/592/3), [593(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/593/2), [608(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/608/7), [799(1)(b)](https://www.legislation.gov.uk/ukpga/2009/4/section/799/1/b), [802(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/802/2), [855(7)(8)](https://www.legislation.gov.uk/ukpga/2009/4/section/855/7/8), [969](https://www.legislation.gov.uk/ukpga/2009/4/section/969), [1273](https://www.legislation.gov.uk/ukpga/2009/4/section/1273), [1329](https://www.legislation.gov.uk/ukpga/2009/4/section/1329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) (as inserted by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100)); [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 25](https://www.legislation.gov.uk/ukpga/2009/10/section/25); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521B(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/521B/2) (as inserted by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/4), [12-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)); [The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009/128)](https://www.legislation.gov.uk/nisr/2009/128), [regs. 1(1)](https://www.legislation.gov.uk/nisr/2009/128/regulation/1/1), [4](https://www.legislation.gov.uk/nisr/2009/128/regulation/4), [26(2)](https://www.legislation.gov.uk/nisr/2009/128/regulation/26/2); [The Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470)](https://www.legislation.gov.uk/uksi/2009/470), [regs. 1](https://www.legislation.gov.uk/uksi/2009/470/regulation/1), [4-7](https://www.legislation.gov.uk/uksi/2009/470/regulation/4), [31(2)](https://www.legislation.gov.uk/uksi/2009/470/regulation/31/2); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z61](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z61) (as inserted by [S.I. 2009/2036](https://www.legislation.gov.uk/uksi/2009/2036), [reg. 24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24)); [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1/2), [4](https://www.legislation.gov.uk/uksi/2009/2971/regulation/4); [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1), [16(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/16/2), [94](https://www.legislation.gov.uk/uksi/2009/3001/regulation/94) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 128](https://www.legislation.gov.uk/ukpga/2010/4/section/128), [620](https://www.legislation.gov.uk/ukpga/2010/4/section/620), [624](https://www.legislation.gov.uk/ukpga/2010/4/section/624), [625](https://www.legislation.gov.uk/ukpga/2010/4/section/625), [778](https://www.legislation.gov.uk/ukpga/2010/4/section/778), [784](https://www.legislation.gov.uk/ukpga/2010/4/section/784), [786](https://www.legislation.gov.uk/ukpga/2010/4/section/786), [876](https://www.legislation.gov.uk/ukpga/2010/4/section/876), [950(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/950/5), [996(1)(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/1/2), [1070](https://www.legislation.gov.uk/ukpga/2010/4/section/1070), [1071](https://www.legislation.gov.uk/ukpga/2010/4/section/1071), [1166](https://www.legislation.gov.uk/ukpga/2010/4/section/1166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 79(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/79/2), [192](https://www.legislation.gov.uk/ukpga/2010/8/section/192), [220](https://www.legislation.gov.uk/ukpga/2010/8/section/220) (with [ss. 213](https://www.legislation.gov.uk/ukpga/2010/8/section/213), [214](https://www.legislation.gov.uk/ukpga/2010/8/section/214), [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809CZB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/809CZB/2) (as inserted by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 5 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1))); [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 53(5)(7)-(10)](https://www.legislation.gov.uk/ukpga/2011/11/section/53/5/7), [Sch. 2 paras. 53(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/53/4), [54(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/54/6); [The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502)](https://www.legislation.gov.uk/uksi/2011/1502), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1502/article/1), [3](https://www.legislation.gov.uk/uksi/2011/1502/article/3); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 69(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/69/b), [71(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/71/3), [72](https://www.legislation.gov.uk/ukpga/2012/14/section/72), [142(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/142/1/b), [143(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/143/1/b), [144(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/144/1), [148](https://www.legislation.gov.uk/ukpga/2012/14/section/148), [151](https://www.legislation.gov.uk/ukpga/2012/14/section/151), [152](https://www.legislation.gov.uk/ukpga/2012/14/section/152), [158(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/158/5), [166(5)(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/166/5/6), [167(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/167/4) (with [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 793(8)](https://www.legislation.gov.uk/ukpga/2010/4/section/793/8), [812(5A)](https://www.legislation.gov.uk/ukpga/2010/4/section/812/5A) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 22(2)-(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/22/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 371SO(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/371SO/2) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 20 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/20/paragraph/1)); [Small Charitable Donations Act 2012 (c. 23)](https://www.legislation.gov.uk/ukpga/2012/23), [ss. 15](https://www.legislation.gov.uk/ukpga/2012/23/section/15), [21(1)](https://www.legislation.gov.uk/ukpga/2012/23/section/21/1); [The Bank Levy (Double Taxation Relief) Regulations 2012 (S.I. 2012/458)](https://www.legislation.gov.uk/uksi/2012/458), [regs. 1](https://www.legislation.gov.uk/uksi/2012/458/regulation/1), [13](https://www.legislation.gov.uk/uksi/2012/458/regulation/13); [The Bank Levy (Double Taxation Arrangements) (Federal Republic of Germany) Regulations 2012 (S.I. 2012/459)](https://www.legislation.gov.uk/uksi/2012/459), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2012/459/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2012/459/regulation/11); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Pt. 11ZA](https://www.legislation.gov.uk/ukpga/2007/3/part/11ZA) (ss. 614ZA-614ZD) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/1), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Pt. 17A](https://www.legislation.gov.uk/ukpga/2010/4/part/17A) (ss. 814A-814D) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/2), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1), [3](https://www.legislation.gov.uk/uksi/2013/3209/regulation/3) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8)); [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 223(8)(9)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/223/8/9/a); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2) (as substituted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 27(3)(7)-(9)](https://www.legislation.gov.uk/ukpga/2014/26/section/27/3/7)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 329N(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/329N/2) (as inserted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 14 paras. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/1), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/4)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/4/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 3](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/3), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/7/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 12](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/12), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [ss. 99(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/99/2), [116](https://www.legislation.gov.uk/ukpga/2015/11/section/116); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 12ZH](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZH), [12ZI](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZI), [59AB](https://www.legislation.gov.uk/ukpga/1970/9/section/59AB) (as inserted by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 paras. 43](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/43), [51](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/51), [60](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/60)); [The Education (Postgraduate Master?s Degree Loans) Regulations 2016 (S.I. 2016/606)](https://www.legislation.gov.uk/uksi/2016/606), [regs. 1](https://www.legislation.gov.uk/uksi/2016/606/regulation/1), [67(1)](https://www.legislation.gov.uk/uksi/2016/606/regulation/67/1); [The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016 (S.I. 2016/1212)](https://www.legislation.gov.uk/uksi/2016/1212), [regs. 1](https://www.legislation.gov.uk/uksi/2016/1212/regulation/1), [16](https://www.legislation.gov.uk/uksi/2016/1212/regulation/16); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61R](https://www.legislation.gov.uk/ukpga/2003/1/section/61R) (as inserted by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [Sch. 1 paras. 9](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/9), [16](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/16)); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 124A(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/124A/6), [124B(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124B/7), [124C(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124C/7) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 26](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/26), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 303B(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/303B/5), [303C(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/303C/7), [303D(6)](https://www.legislation.gov.uk/ukpga/2010/4/section/303D/6), [321(2A)](https://www.legislation.gov.uk/ukpga/2010/4/section/321/2A) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 48](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/48), [52(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52/3), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 28A(8)](https://www.legislation.gov.uk/ukpga/1970/9/section/28A/8), [28B(9)](https://www.legislation.gov.uk/ukpga/1970/9/section/28B/9) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 12(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/12/6), [13(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/13/6), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 18 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/32/4) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/28/4), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)) [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 3 paras. 7, 9,](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/9)[12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/13); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 420A(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/420A/2) (as inserted by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 20 paras. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/2), [10(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/10/a), [16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/16)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 270HE](https://www.legislation.gov.uk/ukpga/2001/2/section/270HE) (as inserted by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [2](https://www.legislation.gov.uk/uksi/2019/1087/regulation/2)
[^c21566901]: Act (except ss. 201 and 684) amended (1.1.1992) by [S.I. 1991/2684](https://www.legislation.gov.uk/uksi/1991/2684), [arts. 2](https://www.legislation.gov.uk/uksi/1991/2684/article/2), [4](https://www.legislation.gov.uk/uksi/1991/2684/article/4),Sch. 1
[^c22719381]: Act: [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [Sch. 4 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/part/1) to be construed as one with this Act (19.9.1994) by virtue of ss. 21, 68(4) of, and Sch. 4 para. 1(2) to, that Act); [S.I. 1999/2189](https://www.legislation.gov.uk/uksi/1999/2189), [art. 2](https://www.legislation.gov.uk/uksi/1999/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1999/2189/schedule)
[^c23369051]: Act modified (17.9.2004 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [regs. 3](https://www.legislation.gov.uk/uksi/2004/2200/regulation/3), [4](https://www.legislation.gov.uk/uksi/2004/2200/regulation/4)
[^c23369081]: Act modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7)
[^c23369091]: Act modified (1.4.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 94](https://www.legislation.gov.uk/uksi/2006/964/regulation/94) (as amended by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(2)(4)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/2/4), [28](https://www.legislation.gov.uk/uksi/2008/3159/regulation/28))
[^c23369101]: Act modified (31.12.2006 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [3-18](https://www.legislation.gov.uk/uksi/2006/3271/regulation/3) (as amended by: [S.I. 2007/2146](https://www.legislation.gov.uk/uksi/2007/2146), [regs. 1](https://www.legislation.gov.uk/uksi/2007/2146/regulation/1), [3-13](https://www.legislation.gov.uk/uksi/2007/2146/regulation/3); [S.I. 2007/3449](https://www.legislation.gov.uk/uksi/2007/3449), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3449/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/2007/3449/regulation/3); [S.I. 2008/1924](https://www.legislation.gov.uk/uksi/2008/1924), [regs. 1](https://www.legislation.gov.uk/uksi/2008/1924/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2008/1924/regulation/3))
[^c23369111]: Act modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [reg. 15](https://www.legislation.gov.uk/uksi/2006/3296/regulation/15) (as amended by [S.I. 2018/143](https://www.legislation.gov.uk/uksi/2018/143), [regs. 1](https://www.legislation.gov.uk/uksi/2018/143/regulation/1), [10(1)](https://www.legislation.gov.uk/uksi/2018/143/regulation/10/1))
[^c23369121]: Act modified (with effect in accordance with Sch. 4 para. 2(2)-(4) of the modifying Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/4/paragraph/3)
[^c23369131]: Act modified (14.8.2007 with effect in accordance with reg. 1(2)(3) of the modifying S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 3-12](https://www.legislation.gov.uk/uksi/2007/2145/regulation/3)
[^c23369141]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [art. 3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^c23376051]: Act applied (1.4.2010 with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 853](https://www.legislation.gov.uk/ukpga/2010/4/section/853)
[^c23376061]: Act amended by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 8 para. 8(2)(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/8/paragraph/8/2/4)
[^c23376071]: Act amended (2006-07) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/3/5)
[^c23376081]: Act applied (with modifications) (1.10.2010) by [The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) (No. 2) Regulations 2010 (S.I. 2010/1907)](https://www.legislation.gov.uk/uksi/2010/1907), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/1/2), [16(2)(c)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/16/2/c), [Sch. 2](https://www.legislation.gov.uk/uksi/2010/1907/schedule/2)
[^c23376091]: Act amended by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 15 para. 17(4)(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/17/4/5)
[^c23339751]: [S. 1](https://www.legislation.gov.uk/ukpga/1988/1/section/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23341451]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23333701]: Words in [s. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23346411]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346511]: [S. 2](https://www.legislation.gov.uk/ukpga/1988/1/section/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346521]: [S. 3](https://www.legislation.gov.uk/ukpga/1988/1/section/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346531]: [S. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21819211]: [S. 5](https://www.legislation.gov.uk/ukpga/1988/1/section/5) repealed (with effect in accordance with s. 199(2) and Sch. 26 Pt. 5(23) Note 2 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21825951]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/1)
[^c21825991]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/5)
[^c23333851]: [S. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568351]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 206(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/2)
[^c21856731]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 138](https://www.legislation.gov.uk/ukpga/1996/8/section/138), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/10), [Sch. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41)
[^c23333181]: [S. 9](https://www.legislation.gov.uk/ukpga/1988/1/section/9) restricted (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 881](https://www.legislation.gov.uk/ukpga/2005/5/section/881), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333911]: [S. 9(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21797811]: [S. 10](https://www.legislation.gov.uk/ukpga/1988/1/section/10) repealed (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Part 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23332881]: [S. 11(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/1) substituted for s. 11(1)(2) (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/1)
[^c21797551]: [S. 12(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5A) inserted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/3)
[^c23332941]: [S. 12(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5B) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/3)
[^c23332981]: [S. 12(7ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7ZA) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/5)
[^c21568561]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.48](https://www.legislation.gov.uk/ukpga/1990/29/section/48), [Sch.9 para.3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/3) (in relation to transfers of business on or after 1.11.1990)
[^c21797651]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B) inserted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/3)
[^c23347301]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B): words and definition of "contracts of long-term insurance" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23347281]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B): definition of "insurance business transfer scheme" repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/a), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23334011]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/3)
[^c23347321]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/2)
[^c23334401]: [S. 12(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/9) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/2)
[^c23332901]: [S. 11AA](https://www.legislation.gov.uk/ukpga/1988/1/section/11AA) inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/2)
[^c23334461]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/1), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c23334481]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568801]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) inserted (in relation to accounting periods beginning after 31 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 105(2)(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/105/2/3)
[^c21827251]: [S. 13ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/13ZA) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/5)
[^c21827181]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) inserted (with effect in accordance with [s. 28(6)(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6/7) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/1)
[^c23333081]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(1)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/1/6)
[^c21569071]: [S. 16](https://www.legislation.gov.uk/ukpga/1988/1/section/16) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s.148, Sch.14 Pt. V
[^c22720791]: [S. 17](https://www.legislation.gov.uk/ukpga/1988/1/section/17) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/3), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c23332861]: [S. 19](https://www.legislation.gov.uk/ukpga/1988/1/section/19) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/6), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23334161]: [S. 20](https://www.legislation.gov.uk/ukpga/1988/1/section/20) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/10), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21856511]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c23348301]: [S. 21](https://www.legislation.gov.uk/ukpga/1988/1/section/21) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821321]: [S. 22](https://www.legislation.gov.uk/ukpga/1988/1/section/22) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21821331]: [S. 23](https://www.legislation.gov.uk/ukpga/1988/1/section/23) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21856541]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21856581]: [S. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/5) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21802491]: [S. 25](https://www.legislation.gov.uk/ukpga/1988/1/section/25) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 25 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/6), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c21794351]: [S. 26](https://www.legislation.gov.uk/ukpga/1988/1/section/26) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21797681]: [S. 27](https://www.legislation.gov.uk/ukpga/1988/1/section/27) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21802381]: [S. 28](https://www.legislation.gov.uk/ukpga/1988/1/section/28) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 28 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 9](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/9), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802421]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/b); and s. 29 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/10), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802561]: [S. 31](https://www.legislation.gov.uk/ukpga/1988/1/section/31) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(c)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/c); and s. 31 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/12), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c23348321]: [S. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348341]: [S. 31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21859681]: [S. 32](https://www.legislation.gov.uk/ukpga/1988/1/section/32) repealed (with effect as mentioned in Sch. 15 para. 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 85](https://www.legislation.gov.uk/ukpga/1997/16/section/85), [113](https://www.legislation.gov.uk/ukpga/1997/16/section/113), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/1), [Sch. 18 Pt. 06(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/06/11), Note
[^c21805361]: [S. 33](https://www.legislation.gov.uk/ukpga/1988/1/section/33) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(d)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/d); and s. 33 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/13), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23351661]: [Ss. 31ZA-31ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/31ZA) inserted (with effect in accordance with [s. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/1); [S.I. 2008/1521](https://www.legislation.gov.uk/uksi/2008/1521), [art. 2](https://www.legislation.gov.uk/uksi/2008/1521/article/2)
[^c23348211]: [Ss. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A), [31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) inserted (with effect in accordance with [s. 143(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 143(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/1)
[^c21569941]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856701]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33A repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569951]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856711]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33B repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569931]: [Ss. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A), [33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21794741]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/2), (with Sch. 5 para. 73)
[^c21797751]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805391]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23350011]: [S. 37A](https://www.legislation.gov.uk/ukpga/1988/1/section/37A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/21) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21812971]: [S. 41](https://www.legislation.gov.uk/ukpga/1988/1/section/41) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(g)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/g); and s. 41 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 21](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/21), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42): words in sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351681]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/7), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23367571]: [S. 43](https://www.legislation.gov.uk/ukpga/1988/1/section/43) repealed (with effect in accordance with s. 40(3) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/3), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16), Note 1
[^c22720821]: Cross-heading before s. 40 substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 19](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/19), (with Sch. 5 para. 73)
[^c21853711]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/1)
[^c23351581]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351601]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351611]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351621]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351631]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351641]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351651]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21858801]: [Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/2) heading substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21821821]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) and cross-heading inserted (with effect in accordance with [s. 110(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s.110(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/1)
[^c21820321]: [S. 44](https://www.legislation.gov.uk/ukpga/1988/1/section/44) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/7), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820341]: [S. 45](https://www.legislation.gov.uk/ukpga/1988/1/section/45) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/8), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820351]: [S. 47](https://www.legislation.gov.uk/ukpga/1988/1/section/47) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 154(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/7), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/1), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note (with s. 154(2)-(6))
[^c21820361]: [S. 48](https://www.legislation.gov.uk/ukpga/1988/1/section/48) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/9), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353441]: [S. 49(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/1) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353461]: Words in [s. 49(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/2) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21825931]: [S. 49(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/3) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/10) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353481]: [S. 49(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/4) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353821]: [S. 50](https://www.legislation.gov.uk/ukpga/1988/1/section/50) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23353851]: [S. 51](https://www.legislation.gov.uk/ukpga/1988/1/section/51) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23353861]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21821591]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) repealed (with effect in accordance with s. 37(8) and Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 37(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/5), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c22720841]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) repealed (with effect in accordance with s. 37(3) of the repealing Act and [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619)) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 37(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3), Note
[^c21853451]: [S. 52](https://www.legislation.gov.uk/ukpga/1988/1/section/52) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/12), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21821761]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 155](https://www.legislation.gov.uk/ukpga/1996/8/section/155)
[^c21821341]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 77](https://www.legislation.gov.uk/ukpga/1995/4/section/77)
[^c21821641]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/78/1)
[^c21858881]: [Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/3) heading substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/32) of the amending Act) by Finance Act 1996, s. 79, Sch. 7 para. 6 (with Sch. 7 paras. 33-35)
[^c21570721]: [S. 54](https://www.legislation.gov.uk/ukpga/1988/1/section/54) repealed (15.3.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/5), Note 2
[^c21570891]: SOURCE-1973 s. 26(1)
[^c21570901]: SOURCE-1974 s. 30(1)
[^c23354491]: [S. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458](https://www.legislation.gov.uk/ukpga/2002/29/section/458), [Sch. 10 para. 6](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/6) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21570921]: SOURCE-1973 s. 26(1); 1974 s. 30(1)
[^c23358071]: Word in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570931]: SOURCE-1973 s. 26(1)(a)(b); 1975 (No. 2) s. 50(1)
[^c23358131]: Words in [s. 56(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358171]: Word in [s. 56(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376221]: Words in [s. 56(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21570941]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/2)
[^c21861011]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c21833011]: [S. 56(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4A/4B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/6) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21570961]: SOURCE-1973 s. 26(4); 1974 s. 30(2), (1); 1968 s. 55(3); 1979(C) Sch. 7
[^c21570971]: Words in [s. 56(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/3) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21570981]: [S. 56A](https://www.legislation.gov.uk/ukpga/1988/1/section/56A) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21833031]: [S. 57](https://www.legislation.gov.uk/ukpga/1988/1/section/57) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23354511]: [S. 58](https://www.legislation.gov.uk/ukpga/1988/1/section/58) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/8), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358211]: [S. 59(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358261]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358281]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358291]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358301]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358311]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358321]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825631]: [S. 62A](https://www.legislation.gov.uk/ukpga/1988/1/section/62A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 203](https://www.legislation.gov.uk/ukpga/1994/9/section/203) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c21825691]: [S. 63A](https://www.legislation.gov.uk/ukpga/1988/1/section/63A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 205](https://www.legislation.gov.uk/ukpga/1994/9/section/205) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c23358331]: [S. 64](https://www.legislation.gov.uk/ukpga/1988/1/section/64) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/37), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358341]: [S. 65](https://www.legislation.gov.uk/ukpga/1988/1/section/65) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/38), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358351]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/39), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825861]: [S. 66](https://www.legislation.gov.uk/ukpga/1988/1/section/66) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c21825871]: [S. 67](https://www.legislation.gov.uk/ukpga/1988/1/section/67) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c23358361]: [S. 68](https://www.legislation.gov.uk/ukpga/1988/1/section/68) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/40), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358371]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358381]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358391]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827571]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) inserted (with effect in accordance with [s. 41(5)-(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/2)
[^c23354551]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358421]: [S. 69](https://www.legislation.gov.uk/ukpga/1988/1/section/69) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/42), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853521]: [S. 70A](https://www.legislation.gov.uk/ukpga/1988/1/section/70A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23358431]: [S. 71](https://www.legislation.gov.uk/ukpga/1988/1/section/71) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/43), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827631]: [S. 73](https://www.legislation.gov.uk/ukpga/1988/1/section/73) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(09)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/09), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c23356451]: [S. 75A](https://www.legislation.gov.uk/ukpga/1988/1/section/75A) inserted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 39](https://www.legislation.gov.uk/ukpga/2004/12/section/39)
[^c23356471]: [S. 75B](https://www.legislation.gov.uk/ukpga/1988/1/section/75B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/1) (with [s. 45(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/2/3))
[^c23393711]: [S. 76ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZD) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 34](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/34) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393731]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 35](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/35) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393751]: [S. 76ZG](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZG) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/37) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393771]: [S. 76ZH](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZH) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/38) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393791]: [S. 76ZI](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZI) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/39) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393811]: [S. 76ZJ](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZJ) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/40) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393831]: [S. 76ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZM) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/43) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418101]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23404441]: [S. 76ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZO) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/45) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21848981]: [S. 95](https://www.legislation.gov.uk/ukpga/1988/1/section/95) sidenote substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/9)
[^c23385091]: [S. 95ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/95ZA) inserted (with effect in accordance with [Sch. 17 para. 16(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 16(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/1)
[^c23358691]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/75), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358711]: [S. 96](https://www.legislation.gov.uk/ukpga/1988/1/section/96) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 76](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/76), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853681]: [S. 98](https://www.legislation.gov.uk/ukpga/1988/1/section/98) substituted (17.3.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(1)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/1/3) (with [s. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/4))
[^c21860731]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/1)
[^c23393581]: [S. 76ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZA) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/31) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393601]: [S. 76ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZB) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 32](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/32) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393621]: [S. 76ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZC) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/33) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393641]: [S. 76ZF](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZF) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/36) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418091]: [S. 76ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZK) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/41) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393691]: [S. 76ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZL) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/42) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21853821]: Words in [s. 104](https://www.legislation.gov.uk/ukpga/1988/1/section/104) sidenote repealed (with effect in accordance with Sch. 27 Pt. 3(6) Note of the repealing act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23359051]: [S. 107](https://www.legislation.gov.uk/ukpga/1988/1/section/107) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/86), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359071]: [S. 108](https://www.legislation.gov.uk/ukpga/1988/1/section/108) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 87](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/87), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359081]: [S. 109](https://www.legislation.gov.uk/ukpga/1988/1/section/109) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/88), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376901]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/11), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23359171]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423311]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852201]: Words in [Pt. 4 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/6) heading repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c21829351]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) and preceding cross-heading inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/1)
[^c21829571]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading inserted (with effect in accordance with [s. 124(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/1)
[^c21821431]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) substituted (with effect in accordance with s. 215(4)(5) of the 1994 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/1) (as amended (retrospectively) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 117(1)(a)(2)(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/117/1/a/2/4)) (with Sch. 20)
[^c23359181]: [S. 111(2)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359311]: [S. 112](https://www.legislation.gov.uk/ukpga/1988/1/section/112) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/93), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359331]: [S. 113](https://www.legislation.gov.uk/ukpga/1988/1/section/113) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 94](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/94), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376911]: [S. 117](https://www.legislation.gov.uk/ukpga/1988/1/section/117) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 13](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/13), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376741]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376761]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376771]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376781]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376791]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376801]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376811]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376821]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/19), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376831]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/19), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376841]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/20), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376851]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/20), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21860551]: [Ss. 118ZA-118ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) and preceding cross-heading inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/1), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), [art. 2](https://www.legislation.gov.uk/uksi/2000/3316/article/2)
[^c23356701]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/1)
[^c23356721]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 125](https://www.legislation.gov.uk/ukpga/2004/12/section/125)
[^c23357871]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) and preceding cross-heading inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(1)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/1/5)
[^c23472581]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472601]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472611]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472621]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472631]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472641]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472651]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472661]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472671]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472681]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472691]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472701]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c21835151]: [S. 123](https://www.legislation.gov.uk/ukpga/1988/1/section/123) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/13), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21858771]: [S. 124](https://www.legislation.gov.uk/ukpga/1988/1/section/124) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 2
[^c23357911]: [S. 125](https://www.legislation.gov.uk/ukpga/1988/1/section/125) title substituted (retrospective to 2.12.2004) by virtue of [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/3)
[^c21846551]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c21846561]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c23359451]: [S. 127](https://www.legislation.gov.uk/ukpga/1988/1/section/127) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 108](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/108), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359471]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/109), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359481]: [S. 128(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/110), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861331]: [S. 128(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/2) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21847681]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847691]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23376641]: Words in [s. 129B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/2) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 6](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/6) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21847701]: Word in [s. 129B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/3) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847721]: [S. 129B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/4) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21574461]: Source—1970 s.304(5); 1980 Sch.11
[^c23356741]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130): definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/3)
[^c21574471]: [1985 c. 58](https://www.legislation.gov.uk/ukpga/1985/58).
[^c21847621]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/1)
[^c21832811]: [S. 129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) inserted (with application in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/1)
[^c21846631]: [S. 129B](https://www.legislation.gov.uk/ukpga/1988/1/section/129B) inserted (with effect in accordance with [s. 157(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 157(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/1)
[^c21832911]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/1)
[^c23390551]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390571]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390581]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390591]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390601]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390611]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390621]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390711]: [S. 140](https://www.legislation.gov.uk/ukpga/1988/1/section/140) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/17), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390631]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390641]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390651]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390661]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390671]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390681]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390691]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390701]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22206561]: [Ss. 140A-140C](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) inserted (with application in accordance with [s. 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/1)
[^c22206591]: [Ss. 140D-140F](https://www.legislation.gov.uk/ukpga/1988/1/section/140D) inserted (with application in accordance with [s. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/1)
[^c22206621]: [S. 140G](https://www.legislation.gov.uk/ukpga/1988/1/section/140G) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/52/1)
[^c22206641]: [S. 140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140H) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 53](https://www.legislation.gov.uk/ukpga/1998/36/section/53)
[^c23390721]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390731]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390741]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390751]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390761]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/20), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880731]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 132](https://www.legislation.gov.uk/ukpga/1994/9/section/132)
[^c23390771]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390781]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390791]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390801]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22171441]: [S. 146A](https://www.legislation.gov.uk/ukpga/1988/1/section/146A) inserted (with application in accordance with [s. 106(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 106(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/2)
[^c23390821]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390831]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390841]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390861]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390851]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392071]: [S. 152](https://www.legislation.gov.uk/ukpga/1988/1/section/152) sidenote substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/23) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22198641]: [S. 151A](https://www.legislation.gov.uk/ukpga/1988/1/section/151A) inserted (2.9.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/12); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(a)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/a)
[^c23390871]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390891]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390901]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390911]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390921]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390931]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21576141]: [S. 155A](https://www.legislation.gov.uk/ukpga/1988/1/section/155A) inserted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 21(1)(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/21/1/3)
[^c23390941]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390951]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390961]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390971]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390981]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390991]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391001]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577131]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391011]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577141]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391021]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577241]: [S. 159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/159AC) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 74(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/74/1/3)
[^c23391031]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23443291]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) inserted (1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 30(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/30/2/3)
[^c22222721]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) repealed (with effect in accordance with s. 44(6) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [ss. 44(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/2), [139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/9), Note
[^c23391051]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391061]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391071]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391081]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391091]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391101]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391111]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391121]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22226231]: [S. 155ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZA) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/2/1)
[^c22226281]: [S. 155ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZB) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/3/1)
[^c22222681]: [S. 155AA](https://www.legislation.gov.uk/ukpga/1988/1/section/155AA) inserted (with effect in accordance with [s. 44(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 44(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/1)
[^c22223051]: [S. 156A](https://www.legislation.gov.uk/ukpga/1988/1/section/156A) inserted (with application in accordance with [s. 45(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 45(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/1)
[^c21881581]: [S. 157A](https://www.legislation.gov.uk/ukpga/1988/1/section/157A) inserted (with effect in accordance with [s. 43(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 43(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/1)
[^c22226321]: [S. 161A](https://www.legislation.gov.uk/ukpga/1988/1/section/161A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/4/1)
[^c22226401]: [S. 161B](https://www.legislation.gov.uk/ukpga/1988/1/section/161B) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/1)
[^c23391131]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391141]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391151]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578161]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391161]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391171]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391181]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578171]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391191]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578181]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391201]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578191]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391211]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578201]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391221]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578211]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391231]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578221]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391241]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21881681]: [S. 168AA](https://www.legislation.gov.uk/ukpga/1988/1/section/168AA) inserted (with effect in accordance with [s. 44(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 44(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/2)
[^c22208041]: [S. 168AB](https://www.legislation.gov.uk/ukpga/1988/1/section/168AB) inserted (with effect in accordance with [s. 60(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/3)
[^c21575751]: [Pt. 5 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/5/chapter/2) heading substituted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 53(2)(a)](https://www.legislation.gov.uk/ukpga/1989/26/section/53/2/a)
[^c22204861]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204871]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204891]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204901]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204921]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204931]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204941]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204951]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204961]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c21578611]: [Ss. 177A](https://www.legislation.gov.uk/ukpga/1988/1/section/177A), [177B](https://www.legislation.gov.uk/ukpga/1988/1/section/177B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/3)
[^c22204971]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204981]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204991]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205011]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205021]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205031]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205041]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205061]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205071]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c23391251]: [S. 185](https://www.legislation.gov.uk/ukpga/1988/1/section/185) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 25](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/25), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22180871]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392841]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579481]: Source—1978 s.53(1)
[^c22225891]: Words in [s. 186(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/3)
[^c21579491]: Source—1978 s.53(3)
[^c21579501]: Words in [s. 186(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/2/b) substituted (in respect of acquisitions of shares on or after 26.10.1987) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 89](https://www.legislation.gov.uk/ukpga/1988/39/section/89)
[^c21579511]: Source—1978 s.56(1); 1982 s.42(1)
[^c23392681]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392701]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579521]: Source—1978 s.55(1)
[^c23392781]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392801]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579531]: Source—1978 s.55(2)-(4)
[^c23392821]: Words in [s. 186(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/5/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579541]: Source—1978 s.55(5), (9)
[^c21579551]: Source—1978 s.55(7), (8)
[^c22194331]: [S. 186(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/a)
[^c22194351]: Words in [s. 186(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/c) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/b)
[^c21579561]: Source—1978 s.53(6)
[^c21579571]: Source—1978 s.56(6); 1980 s.46(6); 1982 s.42(2); 1985 s.45(4)
[^c22181271]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/a)
[^c22181311]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/b)
[^c22180881]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22181531]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114](https://www.legislation.gov.uk/ukpga/1996/8/section/114), [Sch. 16 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/5/1)
[^c23450551]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) continued so far as relating to APS schemes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23450491]: [S. 187(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/1)(6)(7) repealed (except so far as relating to profit sharing schemes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/27), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579891]: Source—1978 ss.53(2), 54(2), (4)(b), 6, 56(1), 57(1), (4), 61(1), Sch.9 1, 16; 1980 s.46(4), Sch.10 5(b), 8, 26(1); 1982 s.40(8); 1983 s.25(1); 1984 Sch.10 15(1), (2); 1985 s.45(2)
[^c21579901]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(13)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/13) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22162681]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "pensionable age" repealed (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [177](https://www.legislation.gov.uk/ukpga/1995/26/section/177), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(a)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/a), [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/1995/26/schedule/7/part/2)
[^c22180981]: Word in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (with effect in accordance with [s. 116(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/1)
[^c21579931]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (for the year 1991-92 and subsequent years of assessment) by virtue of [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 41(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/41/1/2)
[^c21579941]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "specified age" inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/4)
[^c21579951]: Source—1970 s.285(6); 1978 Sch.9 11(3)(b); 1980 Sch.10 26(2); 1984 Sch.10 4(4)
[^c21579961]: Words in [s. 187(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/3) substituted (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/9)
[^c21579981]: Source—1987 s.33(2)
[^c21579991]: Source—1978 s.61(4); 1983 s.25(2)
[^c21580001]: Source—1978 Sch.9 16; 1980 Sch.10 26(4); 1984 Sch.10 15(3)
[^c21580011]: Source—1978 Sch.9 17; 1980 Sch.10 26(5); 1984 Sch.10 15(4); 1986 s.23(5)
[^c21580021]: Source—1978 s.55(6)
[^c22181261]: [S. 187(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/8/b) and preceding word repealed (with effect in accordance with s. 117(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 117(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/2), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 1
[^c21580031]: Source—1978 s.61(2)
[^c21580041]: Source—1978 Sch.9 18; 1986 s.24(1)
[^c21580061]: [1969 c. 24](https://www.legislation.gov.uk/ukpga/1969/24). (N.I.).
[^c23391271]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217541]: [S. 188](https://www.legislation.gov.uk/ukpga/1988/1/section/188) repealed (with application in accordance with s. 58(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/9), Note
[^c23391281]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391291]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391301]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580261]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391311]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580271]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391321]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580251]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391331]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391341]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391351]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391361]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391371]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391381]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391391]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580471]: [S. 197A](https://www.legislation.gov.uk/ukpga/1988/1/section/197A) inserted (1988-89 and subsequent years of assessment) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 46(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/46/4)
[^c23391401]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391411]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391421]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391431]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22210541]: [S. 192A](https://www.legislation.gov.uk/ukpga/1988/1/section/192A) inserted (with effect in accordance with [s. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/2) (with [s. 63(6)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/6/7))
[^c22223731]: [Ss. 197AA](https://www.legislation.gov.uk/ukpga/1988/1/section/197AA), [197AB](https://www.legislation.gov.uk/ukpga/1988/1/section/197AB) inserted (with effect in accordance with [s. 48(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/1)
[^c22223961]: [S. 197AC](https://www.legislation.gov.uk/ukpga/1988/1/section/197AC) inserted (with effect in accordance with [s. 50(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/1)
[^c23391441]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391451]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391461]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391471]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391481]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22246071]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246081]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246091]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246101]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246111]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c23451201]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) and preceding cross-heading inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 23](https://www.legislation.gov.uk/ukpga/1990/29/section/23), [Sch. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/4)
[^c23391541]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580511]: [S. 197G](https://www.legislation.gov.uk/ukpga/1988/1/section/197G) and preceding cross-heading inserted (27.7.1993 with application for the year 1993-94 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 75(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/75/1/2)
[^c23391551]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217641]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) repealed (with effect in accordance with Sch. 27 Pt. 3(10) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/10)
[^c23391561]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391571]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391581]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391591]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391601]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391611]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391621]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391631]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391641]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391651]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391661]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391671]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391681]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391691]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391701]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580621]: [S. 201A](https://www.legislation.gov.uk/ukpga/1988/1/section/201A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 77](https://www.legislation.gov.uk/ukpga/1990/29/section/77)
[^c23391711]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391721]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22201701]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) inserted (with effect in accordance with [s. 62(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/2)
[^c22225281]: [S. 200ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/200ZA) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/1), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/2/1)
[^c22172491]: [S. 200AA](https://www.legislation.gov.uk/ukpga/1988/1/section/200AA) inserted (with effect in accordance with [s. 108(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/1)
[^c21881991]: [S. 200A](https://www.legislation.gov.uk/ukpga/1988/1/section/200A) inserted (with effect in accordance with [s. 93(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/4)
[^c22202021]: [Ss. 200B-200D](https://www.legislation.gov.uk/ukpga/1988/1/section/200B) inserted (with application in accordance with [s. 63(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 63(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/1)
[^c22226151]: [Ss. 200E-200H](https://www.legislation.gov.uk/ukpga/1988/1/section/200E), [200J](https://www.legislation.gov.uk/ukpga/1988/1/section/200J) inserted (with application in accordance with [s. 58(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/1)
[^c21881771]: [S. 201AA](https://www.legislation.gov.uk/ukpga/1988/1/section/201AA) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/1)
[^c22225981]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) and preceding cross-heading inserted (with application in accordance with [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1)
[^c22243601]: [Ss. 197AD-197AH](https://www.legislation.gov.uk/ukpga/1988/1/section/197AD) and preceding cross-heading inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/1)
[^c21580791]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37](https://www.legislation.gov.uk/ukpga/1989/26/section/37)
[^c23391731]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391751]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391761]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21581021]: [S. 203A](https://www.legislation.gov.uk/ukpga/1988/1/section/203A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/37/2/4/5)
[^c23391771]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391781]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391791]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391801]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391811]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391821]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391831]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391841]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391851]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391861]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391871]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391881]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391891]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391901]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391911]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391921]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391931]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391941]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391951]: [S. 207](https://www.legislation.gov.uk/ukpga/1988/1/section/207) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880581]: [S. 203B](https://www.legislation.gov.uk/ukpga/1988/1/section/203B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 125](https://www.legislation.gov.uk/ukpga/1994/9/section/125)
[^c21880611]: [Ss. 203C-203E](https://www.legislation.gov.uk/ukpga/1988/1/section/203C) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 126](https://www.legislation.gov.uk/ukpga/1994/9/section/126)
[^c21880631]: [S. 203F](https://www.legislation.gov.uk/ukpga/1988/1/section/203F) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 127](https://www.legislation.gov.uk/ukpga/1994/9/section/127)
[^c22212711]: [S. 203FA](https://www.legislation.gov.uk/ukpga/1988/1/section/203FA) inserted (with effect in accordance with [s. 66(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 66(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/1) (with [s. 66(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/3))
[^c22212731]: [S. 203FB](https://www.legislation.gov.uk/ukpga/1988/1/section/203FB) inserted (with effect in accordance with [s. 67(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/1) (with [s. 67(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/3))
[^c21880651]: [S. 203G](https://www.legislation.gov.uk/ukpga/1988/1/section/203G) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 128](https://www.legislation.gov.uk/ukpga/1994/9/section/128)
[^c21880671]: [S. 203H](https://www.legislation.gov.uk/ukpga/1988/1/section/203H) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 129](https://www.legislation.gov.uk/ukpga/1994/9/section/129)
[^c21880691]: [S. 203I](https://www.legislation.gov.uk/ukpga/1988/1/section/203I) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 130](https://www.legislation.gov.uk/ukpga/1994/9/section/130)
[^c21880711]: [Ss. 203J-203L](https://www.legislation.gov.uk/ukpga/1988/1/section/203J) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 131](https://www.legislation.gov.uk/ukpga/1994/9/section/131)
[^c22172581]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 110](https://www.legislation.gov.uk/ukpga/1996/8/section/110)
[^c21581121]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) inserted (27.7.1993 with application in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/1/2/5)
[^c21891631]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) repealed (with effect in accordance with s. 73 of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(1), Note 1
[^c23397491]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c22735901]: [Ss. 209A](https://www.legislation.gov.uk/ukpga/1988/1/section/209A), [209B](https://www.legislation.gov.uk/ukpga/1988/1/section/209B) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/2)
[^c23396591]: [S. 213A](https://www.legislation.gov.uk/ukpga/1988/1/section/213A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 13](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/13)
[^c23396991]: [S. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) and preceding cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22732941]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/8), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23395321]: [S. 232](https://www.legislation.gov.uk/ukpga/1988/1/section/232) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 117](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/117), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395341]: [S. 233](https://www.legislation.gov.uk/ukpga/1988/1/section/233) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/118), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21582241]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) inserted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/1/4).
[^c22736001]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736011]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736021]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c21892091]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) inserted (with effect in accordance with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/3) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 19(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/2)
[^c22734831]: [S. 231AA](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA) inserted (with effect in accordance with [s. 102(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/1)
[^c22734851]: [S. 231AB](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/2)
[^c22732961]: [S. 231B](https://www.legislation.gov.uk/ukpga/1988/1/section/231B) inserted (with effect in accordance with [s. 28(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/1)
[^c22769611]: [S. 238](https://www.legislation.gov.uk/ukpga/1988/1/section/238) repealed (with effect in accordance with Sch. 3 para. 11(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/11/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769621]: [S. 239](https://www.legislation.gov.uk/ukpga/1988/1/section/239) repealed (with effect in accordance with Sch. 3 para. 12(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/12/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 12(3)-(6))
[^c22769631]: [S. 240](https://www.legislation.gov.uk/ukpga/1988/1/section/240) repealed (with effect in accordance with Sch. 3 para. 13(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/13/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769641]: [S. 241](https://www.legislation.gov.uk/ukpga/1988/1/section/241) repealed (with effect in accordance with Sch. 3 para. 14(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/14/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769691]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769701]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769711]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769651]: [S. 245](https://www.legislation.gov.uk/ukpga/1988/1/section/245) repealed (with effect in accordance with Sch. 3 para. 15(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/15/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583181]: [Ss. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A), [245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) inserted (in relation to changes in ownership on or after 14 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 98](https://www.legislation.gov.uk/ukpga/1989/26/section/98)
[^c22769661]: [S. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A) repealed (with effect in accordance with Sch. 3 para. 16(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/16/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769671]: [S. 245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) repealed (with effect in accordance with Sch. 3 para. 17(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/17/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769681]: [S. 246](https://www.legislation.gov.uk/ukpga/1988/1/section/246) repealed (with effect in accordance with Sch. 3 para. 18(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/18/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23486901]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486921]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486931]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486941]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486951]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486961]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486971]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486981]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486991]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487001]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487011]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487021]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487031]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487041]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487051]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487061]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487071]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487081]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487091]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487101]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487111]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487121]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487131]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487141]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487151]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22735811]: [S. 247](https://www.legislation.gov.uk/ukpga/1988/1/section/247) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c22735831]: [S. 248](https://www.legislation.gov.uk/ukpga/1988/1/section/248) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23487221]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487241]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487251]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487261]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777131]: [S. 255](https://www.legislation.gov.uk/ukpga/1988/1/section/255) repealed (with effect in accordance with Sch. 3 para. 23(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 23(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/23/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23487161]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) and preceding cross-heading inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 34](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/34) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21868061]: [Pt. 6 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/5A) (ss. 246A-246Y) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/1)
[^c23398331]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408731]: Words in [s. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/5)
[^c21584501]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23408771]: Words in [s. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(9)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/9)
[^c23411161]: Words in [s. 257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/6)
[^c21584511]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23415291]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 34(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/34/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23411261]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(d)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/d)
[^c22733721]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733731]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733741]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21584921]: [S. 258](https://www.legislation.gov.uk/ukpga/1988/1/section/258) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c22734131]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734161]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734191]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c21585181]: [S. 261A](https://www.legislation.gov.uk/ukpga/1988/1/section/261A) inserted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734201]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734561]: [S. 262](https://www.legislation.gov.uk/ukpga/1988/1/section/262) repealed (with effect in accordance with s. 34(2), Sch. 20 Pt. 3(5) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 34(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/1), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5) (with [s. 34(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/3))
[^c21585271]: [S. 263](https://www.legislation.gov.uk/ukpga/1988/1/section/263) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585291]: [S. 264](https://www.legislation.gov.uk/ukpga/1988/1/section/264) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585671]: Source-1970 s.19(1); 1976 Sch.4 3(1)
[^c23412001]: Words in [s. 266(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 9](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/9) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585681]: Source-1970 s.19(2); 1976 s.36(5), Sch.4 3(2)
[^c22749841]: [S. 266(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/i/ii) substituted for s. 266(2)(a)-(iii) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/2)
[^c23411401]: Words in [s. 266(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/b/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/2)
[^c21585711]: Source-1970 s.19(3)(a)
[^c21585721]: Source-1970 s.19(4)
[^c21585731]: Source-1984 s.72(1)
[^c23414441]: Words in [s. 266(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/3/c) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585741]: Source-1970 s.19(3)(b)
[^c21585751]: Source-1976 Sch.4 4(1) 5; 1978 Sch.3 2; 1980 s.29(2)(b)
[^c21585761]: Words in [s. 266(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/5/a) substituted (from 6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c23414461]: [S. 266(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6/6A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585811]: Source-1976 Sch.4 4(2)
[^c23414491]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585821]: Source-1976 Sch.4 5A; 1978 Sch.3 5
[^c21585831]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/a)
[^c23411431]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/3)
[^c21585841]: Source-1970 s.19(4)(a), (c); 1971 Sch.3 11
[^c21585851]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21585861]: Source-1970 s.19(3)(i)(ii)
[^c21585871]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/b)
[^c23411451]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/a)
[^c23411471]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/b)
[^c21585881]: [S. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23487291]: Words in [s. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/7), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22749861]: [S. 266(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/14) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/3)
[^c22749881]: [1982 c. xiv](https://www.legislation.gov.uk/ukla/1982/14).
[^c23412021]: Words in [s. 266A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412041]: [S. 266A(3)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3) substituted for s. 266A(3)-(6) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585951]: Source-1970 s.21(1); 1976 Sch.4 21
[^c21585961]: Source-1970 s.21(3); 1975 Sch.2 6
[^c21585991]: Source-1970 s.21(5)
[^c22749951]: Word in [s. 274(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/274/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/20)
[^c23414611]: [Ss. 256A](https://www.legislation.gov.uk/ukpga/1988/1/section/256A), [256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/28) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22732361]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/1)
[^c23408751]: [S. 257AB](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [52](https://www.legislation.gov.uk/uksi/2005/3229/regulation/52)
[^c23403981]: [S. 266A](https://www.legislation.gov.uk/ukpga/1988/1/section/266A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/36) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21586011]: [S. 275](https://www.legislation.gov.uk/ukpga/1988/1/section/275) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23414161]: [S. 276](https://www.legislation.gov.uk/ukpga/1988/1/section/276) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/38), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414181]: [S. 277](https://www.legislation.gov.uk/ukpga/1988/1/section/277) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/39), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586191]: [S. 279](https://www.legislation.gov.uk/ukpga/1988/1/section/279) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 32](https://www.legislation.gov.uk/ukpga/1988/39/section/32), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586221]: [S. 280](https://www.legislation.gov.uk/ukpga/1988/1/section/280) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586251]: [S. 281](https://www.legislation.gov.uk/ukpga/1988/1/section/281) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23411661]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/b)
[^c23414191]: [S. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/41), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586291]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) inserted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 34](https://www.legislation.gov.uk/ukpga/1988/39/section/34)
[^c23414201]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/42), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414211]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/42), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586341]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488151]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488161]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488171]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488181]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488191]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23408611]: Words in [Pt. 7 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/2) heading inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [61](https://www.legislation.gov.uk/uksi/2005/3229/regulation/61)
[^c23415751]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 289(9) amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 16(1)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/16/1/a), [18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/18); and s. 289 further amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415771]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415781]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415791]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21587501]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 51(1)(b)
[^c22754161]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/5), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c23415811]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415821]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415831]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 291B amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415841]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415851]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 293 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415861]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415871]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415881]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415891]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 297 amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/1), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13), [Sch. 27 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/16), Note
[^c23415901]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 298 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/3)
[^c23415911]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 299 (as saved) applied (with modifications) by s. 149(1)(a) of that repealing Act
[^c21588241]: [S. 299A](https://www.legislation.gov.uk/ukpga/1988/1/section/299A) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/1/4)
[^c23415921]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415931]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415941]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415951]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415961]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415971]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415981]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415991]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416001]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416011]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23411881]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/c)
[^c23416021]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416031]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 304A amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/2), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23416041]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414221]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/43), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416051]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416061]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416071]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 308 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c22219051]: [S. 309](https://www.legislation.gov.uk/ukpga/1988/1/section/309) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/24), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c23416091]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416101]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416111]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 312 amended (as saved) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/44) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 312 further amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 16(1)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/16/1/b), [18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/18), [Sch. 27 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/16), Note; and s. 312 further amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(4)(5)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/4/5); and s. 312 further amended (as saved) (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/3)
[^c23488341]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22753141]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753161]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22754201]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22754221]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22784701]: [S. 299B](https://www.legislation.gov.uk/ukpga/1988/1/section/299B) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/1)
[^c22784761]: [S. 300A](https://www.legislation.gov.uk/ukpga/1988/1/section/300A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/16)
[^c22784781]: [S. 301A](https://www.legislation.gov.uk/ukpga/1988/1/section/301A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/18)
[^c22784801]: [S. 303AA](https://www.legislation.gov.uk/ukpga/1988/1/section/303AA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/20)
[^c22784741]: [S. 303A](https://www.legislation.gov.uk/ukpga/1988/1/section/303A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/3)
[^c22784721]: [S. 304A](https://www.legislation.gov.uk/ukpga/1988/1/section/304A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/1); and see also the s. 304A inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/1)
[^c22219151]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) inserted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/20)
[^c23398031]: [S. 313](https://www.legislation.gov.uk/ukpga/1988/1/section/313) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 39](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/39), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)(with Sch. 7)
[^c23407871]: [S. 314](https://www.legislation.gov.uk/ukpga/1988/1/section/314) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/128), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398051]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398061]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398071]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398081]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398091]: [S. 319](https://www.legislation.gov.uk/ukpga/1988/1/section/319) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 42](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/42), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23414231]: [S. 320](https://www.legislation.gov.uk/ukpga/1988/1/section/320) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/45), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23398101]: [S. 321](https://www.legislation.gov.uk/ukpga/1988/1/section/321) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 43](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/43), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407891]: [S. 322](https://www.legislation.gov.uk/ukpga/1988/1/section/322) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/129), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23414241]: [S. 323](https://www.legislation.gov.uk/ukpga/1988/1/section/323) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/46), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23407901]: [S. 324](https://www.legislation.gov.uk/ukpga/1988/1/section/324) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/130), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407911]: [S. 325](https://www.legislation.gov.uk/ukpga/1988/1/section/325) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/131), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407921]: [S. 326](https://www.legislation.gov.uk/ukpga/1988/1/section/326) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/132), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21589681]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407931]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488641]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407941]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407951]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488651]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407961]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407971]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407981]: [S. 327](https://www.legislation.gov.uk/ukpga/1988/1/section/327) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 134](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/134), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407991]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/135), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791041]: [S. 328](https://www.legislation.gov.uk/ukpga/1988/1/section/328) repealed (with effect in accordance with s. 68(3)-(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/2), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23408001]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408011]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408021]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791051]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791061]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791071]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c23398111]: [S. 330](https://www.legislation.gov.uk/ukpga/1988/1/section/330) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 46](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/46), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408031]: [S. 331](https://www.legislation.gov.uk/ukpga/1988/1/section/331) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 137](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/137), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408041]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/138), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398211]: [S. 332(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408051]: [S. 332(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 139](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/139), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791081]: [S. 332(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/paragraph/10)
[^c23398241]: [S. 332(3A)(3B)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23414291]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/47), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23408391]: [S. 333](https://www.legislation.gov.uk/ukpga/1988/1/section/333) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408091]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/142), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416121]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22211271]: [S. 326BB](https://www.legislation.gov.uk/ukpga/1988/1/section/326BB) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/62/2)
[^c22211341]: [S. 326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326D) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 63(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/63/4)
[^c23404461]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) inserted (with effect in accordance with [s. 175(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 175(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/1)
[^c22790871]: [Ss. 329AA](https://www.legislation.gov.uk/ukpga/1988/1/section/329AA), [329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329AB) inserted (with effect in accordance with [s. 150(2)-(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/1), [Sch. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/26)
[^c22790761]: [Ss. 329A](https://www.legislation.gov.uk/ukpga/1988/1/section/329A), [329B](https://www.legislation.gov.uk/ukpga/1988/1/section/329B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 142](https://www.legislation.gov.uk/ukpga/1995/4/section/142)
[^c22790851]: [S. 329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329C) inserted (8.11.1995) by [Criminal Injuries Compensation Act 1995 (c. 53)](https://www.legislation.gov.uk/ukpga/1995/53), [s. 8](https://www.legislation.gov.uk/ukpga/1995/53/section/8)
[^c22790991]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 60](https://www.legislation.gov.uk/ukpga/1999/16/section/60)
[^c22790781]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/1)
[^c22211361]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/64/1)
[^c22790951]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/77/1)
[^c23414251]: [S. 334](https://www.legislation.gov.uk/ukpga/1988/1/section/334) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 48](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/48), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414271]: [S. 335](https://www.legislation.gov.uk/ukpga/1988/1/section/335) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 49](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/49), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414281]: [S. 336](https://www.legislation.gov.uk/ukpga/1988/1/section/336) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 50](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/50), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426611]: [S. 338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338B) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23499091]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) inserted (in relation to accounting periods ending on or after 1 October 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 27(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/27/3/4)
[^c21591041]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) repealed (in relation to accounting periods beginning on or after 19.3.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 71(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/71/1/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 5; and s. 339A modified in its application to accounting periods beginning before 19.3.1991 and ending on or after that date by s. 71(4) of that repealing Act
[^c22754351]: [S. 340](https://www.legislation.gov.uk/ukpga/1988/1/section/340) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22754381]: [S. 341](https://www.legislation.gov.uk/ukpga/1988/1/section/341) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22737451]: [Ss. 338-338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338) substituted for s. 338 (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/2)
[^c23426421]: [S. 342A](https://www.legislation.gov.uk/ukpga/1988/1/section/342A) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/3)
[^c23426871]: [S. 343ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/343ZA) inserted (with effect in accordance with [s. 89(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/1)
[^c23426771]: [S. 343A](https://www.legislation.gov.uk/ukpga/1988/1/section/343A) inserted (19.7.2007, the inserted subsections (2) and (3) having effect in accordance with [Sch. 6 para. 1(3)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/2)
[^c21591591]: [S. 345](https://www.legislation.gov.uk/ukpga/1988/1/section/345) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591611]: [S. 346](https://www.legislation.gov.uk/ukpga/1988/1/section/346) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591631]: [S. 347](https://www.legislation.gov.uk/ukpga/1988/1/section/347) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c23510671]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23438051]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) repealed (with effect in accordance with Sch. 5 para. 1(3)(5) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 1(2)(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/1/2/4), [Sch. 27 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/3), Note
[^c23510571]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23437281]: [S. 347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 53](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/53), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437301]: [S. 348](https://www.legislation.gov.uk/ukpga/1988/1/section/348) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 54](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/54), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 348 amended (6.4.2007) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 62](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/62), [64(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/2), [Sch. 11 Pt. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/4), Note 1
[^c23437311]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 55](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/55), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 349 amended (6.4.2007) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 62](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/62), [64(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/2), [Sch. 11 Pt. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/4), Note 1
[^c23437321]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/56), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437331]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437341]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437351]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437361]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437371]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 58](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/58), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437381]: [S. 350](https://www.legislation.gov.uk/ukpga/1988/1/section/350) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/59), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437391]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 60](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/60), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23513371]: [S. 351](https://www.legislation.gov.uk/ukpga/1988/1/section/351) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 36(6), Sch.14 Part IV, Note 5 (with s. 36(3))
[^c23437401]: [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 61](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/61), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23428261]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/149) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22742051]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) inserted (with application in accordance with [s. 85(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/1)
[^c22742571]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/1)
[^c22741721]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/4)
[^c22738711]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 123](https://www.legislation.gov.uk/ukpga/1995/4/section/123), [Sch. 22 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/2)
[^c22740501]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/1)
[^c22737861]: [S. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/1)
[^c23437491]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23428351]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23437591]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22737881]: [S. 353(1A)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/2)
[^c23437691]: [S. 353(1A)-(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) substituted for s. 353(1A) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437511]: [S. 353(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22738621]: [S. 353(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1C/1D) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c23437531]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437631]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437651]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22766321]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738681]: [S. 353(1E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c23437671]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437551]: [S. 353(1F)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1F) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21593131]: Source-1986 s.26(1)
[^c21593141]: Source-1972 s.75(1A), (2); 1974 s.19(1)(b)
[^c22737901]: [S. 353(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/4/5) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/3), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22740541]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740561]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740571]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593721]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740581]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593732]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4); and s. 356B substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/14)
[^c22740591]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593761]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740601]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766331]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740611]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740621]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594001]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740631]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517651]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740641]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517661]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740651]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740661]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23437411]: [S. 359](https://www.legislation.gov.uk/ukpga/1988/1/section/359) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 63](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/63), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437421]: [S. 360](https://www.legislation.gov.uk/ukpga/1988/1/section/360) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/64), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594191]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/48/2)
[^c23437431]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/65), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437441]: [S. 361](https://www.legislation.gov.uk/ukpga/1988/1/section/361) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 66](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/66), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437451]: [S. 362](https://www.legislation.gov.uk/ukpga/1988/1/section/362) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 67](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/67), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437461]: [S. 363](https://www.legislation.gov.uk/ukpga/1988/1/section/363) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 68](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/68), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437471]: [S. 364](https://www.legislation.gov.uk/ukpga/1988/1/section/364) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 69](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/69), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594501]: Source-1974 Sch.1 24; 1984 s.22(3)
[^c22740671]: [S. 365(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/aa) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/1)
[^c22740711]: Words in [s. 365(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/d) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/2)
[^c22740691]: [S. 365(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AA) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/2)
[^c22740751]: [S. 365(1AB)-(1AD)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AB) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/3)
[^c21594511]: [S. 365(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A/1B) inserted (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 57(3)(5)(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/57/3/5/6)
[^c22740731]: [S. 365(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A) substituted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/4)
[^c22741761]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/a)
[^c22741781]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/b)
[^c21594531]: Source-1972 Sch.10 7; 1974 Sch.1 25(1)
[^c23437701]: Words in [s. 366(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/366/1/c) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 70](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/70), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594541]: Source-1972 Sch.10 8, 9
[^c22740771]: [S. 367(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23437721]: [S. 367(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/71), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594731]: [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1988-89) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 41](https://www.legislation.gov.uk/ukpga/1988/39/section/41) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1989-90) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 46](https://www.legislation.gov.uk/ukpga/1989/26/section/46) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1990-91) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 71](https://www.legislation.gov.uk/ukpga/1990/29/section/71) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1991-92) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 26](https://www.legislation.gov.uk/ukpga/1991/31/section/26) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(4)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/4) (with [s. 10(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/5)) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1993-94) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 55](https://www.legislation.gov.uk/ukpga/1993/34/section/55) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 80](https://www.legislation.gov.uk/ukpga/1994/9/section/80) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 76](https://www.legislation.gov.uk/ukpga/1996/8/section/76) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1997-98) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 57](https://www.legislation.gov.uk/ukpga/1997/16/section/57) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1998-99) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 16](https://www.legislation.gov.uk/ukpga/1997/58/section/16) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1999-2000) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 37](https://www.legislation.gov.uk/ukpga/1999/16/section/37)
[^c21594751]: Source-1972 Sch.9 5(1A); 1984 s.22(1)(c)
[^c22740841]: Words in [s. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/4)
[^c23437481]: [S. 368](https://www.legislation.gov.uk/ukpga/1988/1/section/368) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 72](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/72), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23438171]: [S. 367A](https://www.legislation.gov.uk/ukpga/1988/1/section/367A) inserted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/47) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c22740881]: [S. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) excluded (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(2)-(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/2)
[^c21594981]: Source-1982 s.26(1), (2)
[^c22738251]: Words in [s. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/3)
[^c22740901]: [S. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4)
[^c22741801]: Words in [s. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/3)
[^c22738291]: [S. 369(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/3) substituted for s. 369(3)-(5B) (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/4)
[^c21595061]: Source-1982 s.26(7)
[^c21595071]: [S. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 58(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/58/1/2)
[^c22739921]: [S. 369(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/a) substituted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/a)
[^c22739941]: Words in [s. 369(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/b) inserted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/b)
[^c22739961]: Words in [s. 369(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/c)
[^c22739901]: Words in [s. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/d)
[^c22739981]: [S. 369(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/8/9) inserted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/3)
[^c21595181]: Source-1982 Sch.7 2(1)-(3)
[^c22741051]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/a)
[^c22740921]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22738311]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/a)
[^c22740941]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766391]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/b)
[^c23428491]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 155](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/155) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22740991]: [S. 370(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/c) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741001]: [S. 370(3)(4)(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4/6/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/4), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595261]: Source-1982 Sch.7 3(1)-(3)
[^c22741071]: Words in [s. 370(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/5)
[^c22738331]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/2)
[^c22739101]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21595301]: [S. 371](https://www.legislation.gov.uk/ukpga/1988/1/section/371) repealed (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c22741091]: [S. 372](https://www.legislation.gov.uk/ukpga/1988/1/section/372) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595331]: Source-1982 Sch.7 5(1)-(3); 1985 s.37(2)
[^c22741111]: Words in [s. 373(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741131]: [S. 370(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595421]: Source-1982 Sch.7 5(4); 1983 s.17(2); 1985 s.37(3)
[^c22741161]: Words in [s. 373(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/5) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/c), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595431]: Source-1982 Sch.7 6(1), (2)
[^c22741201]: Words in [s. 373(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/6) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/3)
[^c22741181]: Words in [s. 373(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/d), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595441]: Source-1982 Sch.7 7(1)(a)-(c)
[^c22741221]: [S. 374(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/1/c) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595461]: Source-1982 Sch.7 7(1)(d), (4), (5)
[^c21595471]: Source-1982 Sch.7 7(2)(3)
[^c22741241]: Words in [s. 374(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740041]: Words in [s. 374A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/374A/4) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/7), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21595481]: Source-1982 Sch.7 8
[^c22739311]: [S. 375(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/2/aa) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/2)
[^c22738351]: Words in [s. 375(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/3) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/11)
[^c22739331]: [S. 375(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4/4A) substituted for s. 375(4) (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/3)
[^c22740001]: Words in [s. 375(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4) substituted (with effect in accordance with [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/8)
[^c21595491]: Source-1982 Sch.7 9(1)
[^c21595501]: Source-1982 Sch.7 10(1), (2)
[^c21595511]: Source-1982 Sch.7 11
[^c22739351]: [S. 375(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/4)
[^c22741301]: [S. 375(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8B) inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/1)
[^c22741321]: [S. 375(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/9/10) repealed (with effect in accordance with Sch. 4 para. 18(1) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 1
[^c22741261]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/10), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595831]: Source-1982 Sch.7 13
[^c23427621]: Words in [s. 376(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 52](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/52) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22741351]: Words in [s. 376(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/3) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595841]: Source-1982 Sch.7 14(1); 1983 s.17(3)
[^c22741981]: [S. 376(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/d) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [3(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/3/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22742071]: [S. 376(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/e) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/a)
[^c21595861]: [1985 c. 50](https://www.legislation.gov.uk/ukpga/1985/50).
[^c22742091]: [S. 376(4)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/g) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/b)
[^c21595881]: [1981 c.64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21595891]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c22740371]: [S. 376(4)(ka)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/ka) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140(2)](https://www.legislation.gov.uk/ukpga/1998/38/section/140/2), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 55](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/55); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22740411]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22740391]: [S. 376(4)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/n) repealed (1.10.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 152](https://www.legislation.gov.uk/ukpga/1998/38/section/152), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 18 Pt. 4](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/4); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 4](https://www.legislation.gov.uk/uksi/1998/2244/article/4)
[^c22742111]: [S. 376(4)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/p) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/c)
[^c21595911]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/3/3), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22742131]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/3)
[^c22738411]: [S. 376(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/5) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/1/b), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741371]: [S. 376(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/6) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22742151]: [S. 376A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376A/1A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 24](https://www.legislation.gov.uk/uksi/2001/3629/article/24)
[^c22741281]: [S. 377](https://www.legislation.gov.uk/ukpga/1988/1/section/377) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 12](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/12), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21596051]: Source-1982 s.29; 1984 s.56(2)
[^c22741391]: [S. 378(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/1/2/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741431]: Words in [s. 378(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/3) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/b)
[^c22742171]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "contracts of general insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 25](https://www.legislation.gov.uk/uksi/2001/3629/article/25)
[^c22738471]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "prescribed" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741461]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "qualifying lender" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766421]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "regulations" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741491]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "separated" inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/c)
[^c22739291]: [S. 374A](https://www.legislation.gov.uk/ukpga/1988/1/section/374A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/1)
[^c22739391]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/18)
[^c22738431]: [S. 376A](https://www.legislation.gov.uk/ukpga/1988/1/section/376A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/2)
[^c23428671]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23531921]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531941]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22747921]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) cross-heading substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/26) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23428521]: Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747971]: [S. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/27) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23531951]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531961]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531971]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22743591]: [S. 383](https://www.legislation.gov.uk/ukpga/1988/1/section/383) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c23531981]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531991]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532001]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532011]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532021]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532031]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532041]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532051]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532061]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22751071]: [S. 384A](https://www.legislation.gov.uk/ukpga/1988/1/section/384A) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/30) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23532071]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532131]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22744461]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) and preceding cross-heading inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/1)
[^c21597491]: [S. 394](https://www.legislation.gov.uk/ukpga/1988/1/section/394) repealed by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c23448621]: [S. 393B](https://www.legislation.gov.uk/ukpga/1988/1/section/393B) inserted (with effect in accordance with [s. 111(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/1)
[^c21597681]: Source—1973 s.26(2); 1974 s.30(2)
[^c23442991]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442951]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443011]: Words in [s. 398(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442971]: Words in [s. 398(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443031]: Words in [s. 398(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443051]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442201]: [S. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D) title substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/4)
[^c22747531]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22747551]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c23550511]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) inserted (with effect in accordance with [s. 101(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/1)
[^c22749731]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) repealed (with effect in accordance with s. 93(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/1), [Sch. 20 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/21), Note
[^c22749211]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22746631]: [Ss. 403A-403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/2)
[^c22750091]: [Ss. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D), [403E](https://www.legislation.gov.uk/ukpga/1988/1/section/403E) inserted (with effect in accordance with [Sch. 27 para. 6(1)(2)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/2/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/4)
[^c23441711]: [S. 403F](https://www.legislation.gov.uk/ukpga/1988/1/section/403F) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/1)
[^c23441721]: [S. 403G](https://www.legislation.gov.uk/ukpga/1988/1/section/403G) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/2)
[^c23550441]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/124) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23553461]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553471]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553481]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553491]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553501]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553511]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553521]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553531]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553541]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c21601071]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) inserted (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/2), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22857401]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c23572391]: [S. 431ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/431ZA) inserted (with effect in accordance with [Sch. 17 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/6/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/2)
[^c22769731]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) inserted (with application in accordance with [s. 143(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 143(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/4)
[^c22771491]: [Ss. 431B-431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/2)
[^c23595831]: [Ss. 431BA](https://www.legislation.gov.uk/ukpga/1988/1/section/431BA), [431BB](https://www.legislation.gov.uk/ukpga/1988/1/section/431BB) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23595851]: [S. 431EA](https://www.legislation.gov.uk/ukpga/1988/1/section/431EA) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22892971]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771701]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771801]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c23632011]: [S. 432D](https://www.legislation.gov.uk/ukpga/1988/1/section/432D) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/18), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22771831]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771871]: [S. 433](https://www.legislation.gov.uk/ukpga/1988/1/section/433) repealed (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/5), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/2), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22771501]: Cross-heading before s. 432 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600591]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600611]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600631]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600551]: [S. 432YA](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA) inserted (8.1.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment No. 2) Order 2006 (S.I. 2006/3387)](https://www.legislation.gov.uk/uksi/2006/3387), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3387/article/1/1), [2](https://www.legislation.gov.uk/uksi/2006/3387/article/2)
[^c22787921]: [S. 432ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22801421]: [Ss. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA), [432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para 39](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/39) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23600641]: [S. 432CA](https://www.legislation.gov.uk/ukpga/1988/1/section/432CA) inserted (with effect in accordance with [s. 47(2)-(4)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/2) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 47(1)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/1)
[^c23600661]: [S. 432CB](https://www.legislation.gov.uk/ukpga/1988/1/section/432CB) inserted (with effect in accordance with [s. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/2) of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/1)
[^c22786571]: [S. 432F](https://www.legislation.gov.uk/ukpga/1988/1/section/432F) inserted (with effect in accordance with [Sch. 8 para. 53](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600531]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) inserted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 4](https://www.legislation.gov.uk/uksi/2004/3266/article/4)
[^c22772131]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/4)
[^c22789741]: [S. 434B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/1) repealed (with effect in accordance with s. 165(4)(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 165(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/165/3), [Sch. 41 Pt 5(25)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/25), Note (with Sch. 14 para. 24)
[^c22793981]: [S. 434B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/2) repealed (with effect in accordance with s. 67(7), Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/4), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22801521]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) repealed (with effect in accordance with Sch. 3 para. 26(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 26(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/26/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22808571]: [S. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22808591]: [S. 434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22772191]: [S. 435](https://www.legislation.gov.uk/ukpga/1988/1/section/435) repealed (with effect in accordance with s. 84(5)(b) of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/5), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22787941]: Words in [s. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23701351]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/24), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772551]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) inserted (2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/49/1); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22809031]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) repealed (with effect in accordance with s. 87(2)(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12)
[^c23701371]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/27), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701391]: [S. 438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 28](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/28), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701411]: [S. 439](https://www.legislation.gov.uk/ukpga/1988/1/section/439) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 29](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/29), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701471]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/7), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23701431]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 30](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/30), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772761]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c23701451]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 34](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/34), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772951]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799931]: [S. 441A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/1) repealed (with effect in accordance with Sch. 3 para. 9(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/9/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800001]: [S. 441A(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/2) repealed (with effect in accordance with Sch. 4 para. 28(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/28/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22789011]: [S. 441A(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/3) substituted for s. 441A(3)-(6) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/31) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23701571]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) repealed (13.8.2007 with effect in accordance with reg. 1(2) of the repealing S.I.) by [The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2007 (S.I. 2007/2086)](https://www.legislation.gov.uk/uksi/2007/2086), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/1/1), [6(2)(a)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/6/2/a)
[^c23701511]: [S. 443](https://www.legislation.gov.uk/ukpga/1988/1/section/443) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/d), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23701531]: [S. 444](https://www.legislation.gov.uk/ukpga/1988/1/section/444) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(e)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/e), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22773211]: [S. 444A](https://www.legislation.gov.uk/ukpga/1988/1/section/444A) inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/7) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/4)
[^c23701491]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/2), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22771511]: Cross-heading before s. 434 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23635511]: [Ss. 434AZA-434AZC](https://www.legislation.gov.uk/ukpga/1988/1/section/434AZA) inserted (with effect in accordance with [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 23 para. 3(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/1)
[^c22788051]: [S. 434B](https://www.legislation.gov.uk/ukpga/1988/1/section/434B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 21(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/21/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788071]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) inserted (with effect in accordance with Sch. 8 paras. 54, 57(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 22](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/22) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788091]: [Ss. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D), [434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 23(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/23/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633431]: [Ss. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A), [436B](https://www.legislation.gov.uk/ukpga/1988/1/section/436B) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/25) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22794081]: [S. 437A](https://www.legislation.gov.uk/ukpga/1988/1/section/437A) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/3)
[^c22808951]: [Ss. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B), [438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/5)
[^c22788421]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/26) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788441]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788951]: [S. 440B](https://www.legislation.gov.uk/ukpga/1988/1/section/440B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633451]: [S. 440C](https://www.legislation.gov.uk/ukpga/1988/1/section/440C) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/9) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23635311]: [S. 440D](https://www.legislation.gov.uk/ukpga/1988/1/section/440D) inserted (27.12.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [art. 3(2)](https://www.legislation.gov.uk/uksi/2007/3430/article/3/2)
[^c22789031]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 32](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/32) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789051]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 34](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/34) (with [Sch. 8 paras. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2), [57(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/2))
[^c23635331]: [Ss. 444AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZA), [444AZB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZB) inserted (19.2.2008 with effect in accordance with art. 1(5) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 9](https://www.legislation.gov.uk/uksi/2008/381/article/9)
[^c23633351]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) inserted (with effect in accordance with [Sch. 33 para. 18(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 18(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/1)
[^c23633371]: [S. 444AB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) inserted (with effect in accordance with [Sch. 33 para. 19(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 19(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/1)
[^c23633411]: [S. 444ABA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA) inserted (with effect in accordance with [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/1)
[^c23635531]: [S. 444ABAA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABAA) inserted (with effect in accordance with [s. 15(11)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/11) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 15(10)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/10)
[^c23633471]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635351]: [S. 444ABBA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABBA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 14](https://www.legislation.gov.uk/uksi/2008/381/article/14)
[^c23633491]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23633501]: [S. 444ABD](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABD) inserted (with effect in accordance with [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/5)
[^c23633391]: [Ss. 444AC-444AE](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) inserted (with effect in accordance with [Sch. 33 para. 20(3)(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/1)
[^c23633521]: [Ss. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC), [444ACZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACZA) substituted for s. 444AC (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/6/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23694771]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) inserted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 8(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/1)
[^c23635371]: [Ss. 444AECA-444AECC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AECA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 22](https://www.legislation.gov.uk/uksi/2008/381/article/22)
[^c23710481]: [S. 444AK](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK) heading substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by virtue of [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21603191]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c23710901]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21603181]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c.34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c22798771]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798781]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798791]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c21603311]: [S. 445](https://www.legislation.gov.uk/ukpga/1988/1/section/445) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/a/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603401]: [S. 446(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/1) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(b)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/b/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603411]: [S. 446(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/2/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/1/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603431]: [S. 446(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/4) repealed by [Finance Act 1990 (c. 29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 132](https://www.legislation.gov.uk/ukpga/1990/29/section/132), [Sch. 19 Pt. IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/IV).
[^c21603521]: [S. 447(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/1/2) and (4) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(c)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/c/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603541]: [S. 447(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 7(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603591]: [S. 448](https://www.legislation.gov.uk/ukpga/1988/1/section/448) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2)d), 213, Sch. 23 Pt.III (9), note
[^c21603611]: [S. 449](https://www.legislation.gov.uk/ukpga/1988/1/section/449) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(e)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/e),213, Sch. 23 Pt. III (9), note
[^c21603791]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12) notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21603971]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the repealing Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes. 1 and 5
[^c21604111]: SS. 450-457 repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604161]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), SCh. 23, Pt.III (12), notes 1 and 5)
[^c21604241]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604271]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604321]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604371]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c23711261]: [Ss. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/39), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23711281]: [Ss. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/39), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22885991]: [S. 458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/3)
[^c23572371]: [Ss. 444AF-444AL](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF) and preceding cross-heading inserted (with effect in accordance with [Sch. 11 para. 5(2)-(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/1)
[^c22798801]: [Ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) and preceding cross-heading inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 166](https://www.legislation.gov.uk/ukpga/1996/8/section/166), [Sch. 32 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/32/paragraph/1)
[^c21605821]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605831]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605841]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605921]: [S. 462A](https://www.legislation.gov.uk/ukpga/1988/1/section/462A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/2)
[^c21606481]: [S. 465A](https://www.legislation.gov.uk/ukpga/1988/1/section/465A) inserted (19.12.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.13](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/13), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717841]: [S. 461D](https://www.legislation.gov.uk/ukpga/1988/1/section/461D) inserted (with effect in accordance with [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/1)
[^c21607411]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(1)(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/1/5)
[^c22813161]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c21607421]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718801]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607461]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718821]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607491]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718841]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607511]: [S. 468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468D) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 79](https://www.legislation.gov.uk/ukpga/1989/26/section/79)
[^c23718861]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607561]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22790461]: [S. 468E](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c22790541]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c21607611]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753451]: [S. 468F](https://www.legislation.gov.uk/ukpga/1988/1/section/468F) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c21607651]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753471]: [S. 468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468G) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c23719061]: [S. 468A](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 16](https://www.legislation.gov.uk/ukpga/2005/22/section/16)
[^c22753401]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 111(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/111/2)
[^c23719691]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719711]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719721]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22800231]: [S. 468K](https://www.legislation.gov.uk/ukpga/1988/1/section/468K) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11)
[^c23719731]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719251]: [S. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M) substituted for ss. 468M, 468N (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/3)
[^c23719741]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719311]: Words in [s. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) sidenote inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/7)
[^c23719751]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719781]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719761]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719771]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719371]: [Ss. 468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA), [468PB](https://www.legislation.gov.uk/ukpga/1988/1/section/468PB) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(9)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/9)
[^c23719791]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22801151]: [S. 468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468R) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23721291]: [S. 470(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/1/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23)
[^c23721281]: [S. 470(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/2) ceased to have effect (29.4.1988) by virtue of s. 470(3) below and [S.I. 1988/745](https://www.legislation.gov.uk/uksi/1988/745), [art. 2](https://www.legislation.gov.uk/uksi/1988/745/article/2)
[^c22803971]: [S. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) inserted (with effect in accordance with [s. 68(3)-(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1)
[^c22801561]: [S. 471](https://www.legislation.gov.uk/ukpga/1988/1/section/471) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/1), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22801581]: [S. 472](https://www.legislation.gov.uk/ukpga/1988/1/section/472) repealed (with effect in accordance with s. 101(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/2), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 2
[^c22791901]: [S. 474(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/1/3) repealed (with effect in accordance with Sch. 7 para. 32-35, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 7 para. 18, Sch. 41 Pt. 5(2)
[^c22791931]: [S. 474(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/2) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/2), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22765331]: [S. 474(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/3) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/2)
[^c23721941]: [S. 472A](https://www.legislation.gov.uk/ukpga/1988/1/section/472A) inserted (with effect in accordance with [s. 54(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/54/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 54](https://www.legislation.gov.uk/ukpga/2004/12/section/54) (as amended (retrospectively) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7))
[^c22754241]: [Ss. 468H-468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) and cross-headings inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/2)
[^c23724591]: [S. 476](https://www.legislation.gov.uk/ukpga/1988/1/section/476) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/2), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724611]: [S. 477](https://www.legislation.gov.uk/ukpga/1988/1/section/477) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/3), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23722361]: Words in [s. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608281]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) inserted (with effect in accordance with [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 4(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/1)
[^c23724891]: [S. 478](https://www.legislation.gov.uk/ukpga/1988/1/section/478) repealed (with effect in accordance with s. 199(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23724911]: [S. 479](https://www.legislation.gov.uk/ukpga/1988/1/section/479) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/5), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724931]: [S. 480](https://www.legislation.gov.uk/ukpga/1988/1/section/480) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/6), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608511]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724751]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608531]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724771]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608541]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724731]: [S. 480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 185](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/185), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724791]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724811]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23723831]: [S. 483(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/483/1)(5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/12), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c22792181]: [S. 484](https://www.legislation.gov.uk/ukpga/1988/1/section/484) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22792201]: [S. 485](https://www.legislation.gov.uk/ukpga/1988/1/section/485) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21608391]: [S. 477B](https://www.legislation.gov.uk/ukpga/1988/1/section/477B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/3/1/2)
[^c23723881]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.75](https://www.legislation.gov.uk/ukpga/1991/31/section/75)
[^c22806081]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) repealed (with effect in accordance with s. 145(11), Sch. 40 Pt. 5 Note of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 145(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/145/10), [Sch. 40 Pt. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/5)
[^c23726811]: [S. 494](https://www.legislation.gov.uk/ukpga/1988/1/section/494) sidenote substituted (with effect in accordance with [s. 38(7)-(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/5)
[^c23728641]: [S. 496](https://www.legislation.gov.uk/ukpga/1988/1/section/496) sidenote substituted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/5)
[^c22801721]: [S. 497](https://www.legislation.gov.uk/ukpga/1988/1/section/497) repealed (with effect in accordance with Sch. 3 para. 29(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 29(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/29/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22801791]: [S. 498](https://www.legislation.gov.uk/ukpga/1988/1/section/498) repealed (with effect in accordance with Sch. 3 para. 30(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 30(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/30/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 30(3))
[^c22801801]: [S. 499](https://www.legislation.gov.uk/ukpga/1988/1/section/499) repealed (with effect in accordance with Sch. 3 para. 31(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/31/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804801]: [S. 494AA](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA) inserted (with application in accordance with [s. 100(2)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/2/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/1)
[^c22801441]: [S. 494A](https://www.legislation.gov.uk/ukpga/1988/1/section/494A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 30](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/30) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23726021]: [S. 496A](https://www.legislation.gov.uk/ukpga/1988/1/section/496A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/2)
[^c23726041]: [S. 496B](https://www.legislation.gov.uk/ukpga/1988/1/section/496B) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/2)
[^c22813751]: [S. 501A](https://www.legislation.gov.uk/ukpga/1988/1/section/501A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 91](https://www.legislation.gov.uk/ukpga/2002/23/section/91), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22813901]: [S. 501B](https://www.legislation.gov.uk/ukpga/1988/1/section/501B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 92(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/92/1), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22805801]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 98](https://www.legislation.gov.uk/ukpga/1999/16/section/98)
[^c23729321]: [S. 502GB](https://www.legislation.gov.uk/ukpga/1988/1/section/502GB) inserted (with effect in accordance with [Sch. 20 para. 9(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/6) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/3)
[^c23729341]: [S. 502GC](https://www.legislation.gov.uk/ukpga/1988/1/section/502GC) inserted (with effect in accordance with [Sch. 20 para. 9(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/4)
[^c23729361]: [S. 502GD](https://www.legislation.gov.uk/ukpga/1988/1/section/502GD) inserted (with effect in accordance with [Sch. 33 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/3) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/1)
[^c23729301]: [S. 502GA](https://www.legislation.gov.uk/ukpga/1988/1/section/502GA) and preceding cross-heading inserted (with effect in accordance with [Sch. 20 para. 9(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/2)
[^c23729851]: Words in [s. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802741]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 42](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/42) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23733051]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/93), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730861]: Words in [s. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731411]: [S. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) heading substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/g)
[^c23732981]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23733001]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c21610541]: [S. 510A](https://www.legislation.gov.uk/ukpga/1988/1/section/510A) inserted (retrospective to 1.7.1989) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 11 paras. 1](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/1), [5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/5)
[^c22809771]: [S. 511(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/1)(6) repealed (9.11.2001) by [Electricity Act 1989 (c. 29)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1989/29/section/113/2), [Sch. 18](https://www.legislation.gov.uk/ukpga/1989/29/schedule/18); [S.I. 2001/3419](https://www.legislation.gov.uk/uksi/2001/3419), [art. 2](https://www.legislation.gov.uk/uksi/2001/3419/article/2)
[^c21610641]: [S. 511(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/4/5) repealed (1.4.1992) by [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231), [art. 95(4)](https://www.legislation.gov.uk/nisi/1992/231/article/95/4), [Sch.14](https://www.legislation.gov.uk/nisi/1992/231/schedule/14); [S.R. 1992/117](https://www.legislation.gov.uk/nisr/1992/117), [art. 3(1)](https://www.legislation.gov.uk/nisr/1992/117/article/3/1)
[^c23732961]: [S. 512](https://www.legislation.gov.uk/ukpga/1988/1/section/512) repealed (with effect in accordance with s. 46(4)(c)-(e) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(c)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/c/d), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(7)); and s. 512(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23732941]: [S. 514](https://www.legislation.gov.uk/ukpga/1988/1/section/514) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 200](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/200), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733071]: [S. 515](https://www.legislation.gov.uk/ukpga/1988/1/section/515) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 102](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/102), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733091]: [S. 516](https://www.legislation.gov.uk/ukpga/1988/1/section/516) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/103), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611041]: [S. 519A](https://www.legislation.gov.uk/ukpga/1988/1/section/519A) inserted (17.9.1990) by [National Health Service and Community Care Act 1990 (c. 19)](https://www.legislation.gov.uk/ukpga/1990/19), [ss. 61(1)](https://www.legislation.gov.uk/ukpga/1990/19/section/61/1), [67(2)](https://www.legislation.gov.uk/ukpga/1990/19/section/67/2); [S.I. 1990/1329](https://www.legislation.gov.uk/uksi/1990/1329), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1990/1329/article/2/5/a), [Sch. 2](https://www.legislation.gov.uk/uksi/1990/1329/schedule/2)
[^c23729671]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 197](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/197) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729691]: [Ss. 506A-506C](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) inserted (with effect in accordance with [s. 54(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 54(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/1)
[^c22793631]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/1)
[^c23572351]: [Pt. 12 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5A) (ss. 502A-502L) inserted (with effect in accordance with [Sch. 8 para. 15](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/15) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/11)
[^c22781151]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781171]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781181]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781191]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734121]: Word in [s. 525](https://www.legislation.gov.uk/ukpga/1988/1/section/525) sidenote omitted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611301]: Source - 1970 s.384
[^c23734261]: [S. 527(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 108(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/108/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22771341]: [S. 527(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/3) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 5 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c23734281]: [S. 527(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 108(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/108/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23734951]: [S. 529](https://www.legislation.gov.uk/ukpga/1988/1/section/529) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/206), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781231]: [S. 530](https://www.legislation.gov.uk/ukpga/1988/1/section/530) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/47), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781731]: [S. 534](https://www.legislation.gov.uk/ukpga/1988/1/section/534) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781751]: [S. 535](https://www.legislation.gov.uk/ukpga/1988/1/section/535) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c23734971]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23734991]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22781771]: [S. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c23735011]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611651]: [Ss. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) and preceding cross-heading inserted (1.8.1989) by [Intellectual Property Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(6)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/6); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22781791]: [S. 538](https://www.legislation.gov.uk/ukpga/1988/1/section/538) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22797451]: [Pt. 13 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/1) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 20](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/20)
[^c23748731]: [S. 549](https://www.legislation.gov.uk/ukpga/1988/1/section/549) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 219](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/219), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748751]: [S. 550](https://www.legislation.gov.uk/ukpga/1988/1/section/550) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/220), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748771]: [S. 551](https://www.legislation.gov.uk/ukpga/1988/1/section/551) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/221), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782501]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23747361]: Words in [s. 552(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747041]: Words in [s. 552(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747101]: Words in [s. 552(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747121]: Words in [s. 552(5)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747141]: Words in [s. 552(5)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747161]: Words in [s. 552(5)(c)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/v) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747061]: [S. 552(5)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/e) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747081]: [S. 552(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747031]: [S. 552(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/5)
[^c23747181]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747221]: Words in [s. 552(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747321]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): words in definition of "amount" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747341]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): definition of "chargeable event" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747401]: [S. 552(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/13) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/2)
[^c23748321]: Words in [s. 552ZA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 223](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/223) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22780521]: [S. 522A](https://www.legislation.gov.uk/ukpga/1988/1/section/522A) restricted (6.4.1999) by [The Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881)](https://www.legislation.gov.uk/uksi/1999/881), [reg. 11(2)](https://www.legislation.gov.uk/uksi/1999/881/regulation/11/2)
[^c23748121]: Words in [s. 552A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22797621]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12) power exercised: 6.4.1999 appointed by [S.I. 1999/881](https://www.legislation.gov.uk/uksi/1999/881), [reg. 3](https://www.legislation.gov.uk/uksi/1999/881/regulation/3)
[^c23748061]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "capital redemption policy" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748081]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "contract for a life annuity" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748101]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "policy of life insurance" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782541]: [S. 552B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/2) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 19](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/19)
[^c23748261]: [S. 552B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748791]: [S. 554](https://www.legislation.gov.uk/ukpga/1988/1/section/554) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/229), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777841]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/3/2) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16))
[^c22780461]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 35(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/35/7), [36(3)-(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/36/3) (as amended by [The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174)](https://www.legislation.gov.uk/uksi/1998/3174), [reg. 12](https://www.legislation.gov.uk/uksi/1998/3174/regulation/12))
[^c22780481]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999 with effect in accordance with reg. 1 of the affecting S.I.) by [The Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029)](https://www.legislation.gov.uk/uksi/1999/1029), [reg. 6(2)-(8)](https://www.legislation.gov.uk/uksi/1999/1029/regulation/6/2) (as amended (6.4.2002) by [The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002 (S.I. 2002/455)](https://www.legislation.gov.uk/uksi/2002/455), [regs. 1](https://www.legislation.gov.uk/uksi/2002/455/regulation/1), [2](https://www.legislation.gov.uk/uksi/2002/455/regulation/2))
[^c23735051]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/3)
[^c23735061]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/15)
[^c23735091]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [2(1)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/2/1), [38(3)-(8)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/38/3); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23735101]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 14(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/14/5)
[^c23735131]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (with effect in accordance with Sch. 13 para. 5 of the modifying Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/2008/9/schedule/13/paragraph/6)
[^c23735071]: [S. 539ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/539ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23735031]: [S. 539A](https://www.legislation.gov.uk/ukpga/1988/1/section/539A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/2)
[^c22782261]: [S. 546A](https://www.legislation.gov.uk/ukpga/1988/1/section/546A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/9)
[^c22782281]: [Ss. 546B-546D](https://www.legislation.gov.uk/ukpga/1988/1/section/546B) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/10)
[^c22779141]: [S. 547A](https://www.legislation.gov.uk/ukpga/1988/1/section/547A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/2)
[^c23735111]: [Ss. 548A](https://www.legislation.gov.uk/ukpga/1988/1/section/548A), [548B](https://www.legislation.gov.uk/ukpga/1988/1/section/548B) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/1)
[^c22779161]: [Ss. 551A](https://www.legislation.gov.uk/ukpga/1988/1/section/551A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/3)
[^c22782521]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23748041]: [S. 552ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZB) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/10)
[^c22779181]: [Ss. 552A](https://www.legislation.gov.uk/ukpga/1988/1/section/552A), [552B](https://www.legislation.gov.uk/ukpga/1988/1/section/552B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 87](https://www.legislation.gov.uk/ukpga/1998/36/section/87)
[^c22779201]: [S. 553A](https://www.legislation.gov.uk/ukpga/1988/1/section/553A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/1)
[^c22779221]: [S. 553B](https://www.legislation.gov.uk/ukpga/1988/1/section/553B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/2)
[^c22779241]: [S. 553C](https://www.legislation.gov.uk/ukpga/1988/1/section/553C) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 89](https://www.legislation.gov.uk/ukpga/1998/36/section/89)
[^c23749241]: [S. 555](https://www.legislation.gov.uk/ukpga/1988/1/section/555) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 113](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/113), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22779781]: Word in [s. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) sidenote substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23749261]: [S. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/231), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749191]: [S. 558(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/558/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 115](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/115), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23749451]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749471]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749481]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749491]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749501]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c22775021]: [S. 563](https://www.legislation.gov.uk/ukpga/1988/1/section/563) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/5), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c23749521]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749531]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749541]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749551]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c22783081]: [S. 559A](https://www.legislation.gov.uk/ukpga/1988/1/section/559A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/1)
[^c21614031]: Source-1970 s.406
[^c23749561]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22779901]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21614041]: Source-1970 s.407; 1971 Sch.6 45
[^c21614051]: Source-1970 s.408
[^c22779911]: Words in [s. 570(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22776131]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776471]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/b)
[^c22776501]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/c)
[^c22776521]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) added (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/d)
[^c21614061]: Source-1970 s.409
[^c23749721]: [S. 571(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614071]: Source-1970 s.410
[^c23753491]: [S. 573](https://www.legislation.gov.uk/ukpga/1988/1/section/573) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753871]: Words in [s. 575](https://www.legislation.gov.uk/ukpga/1988/1/section/575) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753961]: [S. 575](https://www.legislation.gov.uk/ukpga/1988/1/section/575) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754011]: Words in [s. 576](https://www.legislation.gov.uk/ukpga/1988/1/section/576) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754301]: [S. 576](https://www.legislation.gov.uk/ukpga/1988/1/section/576) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754361]: [S. 576A](https://www.legislation.gov.uk/ukpga/1988/1/section/576A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/121) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754401]: [S. 576C](https://www.legislation.gov.uk/ukpga/1988/1/section/576C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754421]: [S. 576D](https://www.legislation.gov.uk/ukpga/1988/1/section/576D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/124) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754441]: [S. 576E](https://www.legislation.gov.uk/ukpga/1988/1/section/576E) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754461]: [S. 576F](https://www.legislation.gov.uk/ukpga/1988/1/section/576F) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 126](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/126) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754481]: [S. 576G](https://www.legislation.gov.uk/ukpga/1988/1/section/576G) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754501]: [S. 576H](https://www.legislation.gov.uk/ukpga/1988/1/section/576H) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/128) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754521]: [S. 576I](https://www.legislation.gov.uk/ukpga/1988/1/section/576I) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/129) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754581]: [S. 576K](https://www.legislation.gov.uk/ukpga/1988/1/section/576K) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/131) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754381]: [S. 576B](https://www.legislation.gov.uk/ukpga/1988/1/section/576B) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/122) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754541]: [S. 576J](https://www.legislation.gov.uk/ukpga/1988/1/section/576J) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/130) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754561]: [S. 576L](https://www.legislation.gov.uk/ukpga/1988/1/section/576L) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/132) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754331]: [S. 574](https://www.legislation.gov.uk/ukpga/1988/1/section/574) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/118), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614481]: [S. 577A](https://www.legislation.gov.uk/ukpga/1988/1/section/577A) inserted (with application in accordance with [s. 123(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/2) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 123(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/1/2)
[^c23762911]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762931]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762951]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762971]: [S. 581](https://www.legislation.gov.uk/ukpga/1988/1/section/581) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/241), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763031]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/133), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614611]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/1)
[^c23763051]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/135), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23762991]: [S. 583](https://www.legislation.gov.uk/ukpga/1988/1/section/583) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 244](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/244), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763011]: [S. 585](https://www.legislation.gov.uk/ukpga/1988/1/section/585) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 246](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/246), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614811]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/1) (with application as referred to in Sch. 12 para. 5 of that Act)
[^c23763071]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/136), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783241]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) sidenote substituted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/4)
[^c23762891]: [S. 589](https://www.legislation.gov.uk/ukpga/1988/1/section/589) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 68](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/68), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614841]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c21614851]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c23762491]: [S. 589B(1)-(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22782811]: [S. 589B(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/4/4A) substituted for s. 589B(4) (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 13](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/13)
[^c22781691]: [Ss. 578A](https://www.legislation.gov.uk/ukpga/1988/1/section/578A), [578B](https://www.legislation.gov.uk/ukpga/1988/1/section/578B) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 52](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/52) (with [Sch. 3 para. 113](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/113))
[^c22776541]: [Ss. 580A](https://www.legislation.gov.uk/ukpga/1988/1/section/580A), [580B](https://www.legislation.gov.uk/ukpga/1988/1/section/580B) inserted (with effect in accordance with [s. 143(2)-(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 143(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/1)
[^c23754861]: [S. 580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580C) inserted (with effect in accordance with [s. 147(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/3)
[^c23754881]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 242](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/242) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781081]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1)
[^c23754901]: [S. 587BA](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/138) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783361]: [S. 587C](https://www.legislation.gov.uk/ukpga/1988/1/section/587C) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/5)
[^c23754351]: [Pt 13 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/6): ss. 573, 575 and 576 transposed to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 paras. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3), [119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7), [120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733521]: [Pt. 13 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/5A) created (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23485291]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561951]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485311]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561971]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485321]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561981]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485331]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485341]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561961]: [S. 591A](https://www.legislation.gov.uk/ukpga/1988/1/section/591A) inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s.35](https://www.legislation.gov.uk/ukpga/1991/31/section/35)
[^c23485351]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21615481]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) inserted (retrospectively) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 36(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/1/3)
[^c23485361]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485371]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485381]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22888681]: [Ss. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C), [591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591D) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1)
[^c23485391]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485401]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485411]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23481531]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481551]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23561991]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481561]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23562001]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481571]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481581]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481591]: [S. 597](https://www.legislation.gov.uk/ukpga/1988/1/section/597) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 76](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/76), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485421]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23485431]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23562471]: [S. 599A](https://www.legislation.gov.uk/ukpga/1988/1/section/599A) inserted (with effect in accordance with [Sch. 6 para. 18(9)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/9) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/12)
[^c23485441]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23481601]: [S. 600](https://www.legislation.gov.uk/ukpga/1988/1/section/600) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 78](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/78), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485451]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485461]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485471]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22891971]: [S. 596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C) inserted (with effect in accordance with [s. 93(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3)
[^c23485481]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485491]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485501]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485511]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485521]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485531]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485541]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485551]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485561]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485571]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485591]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21616331]: [S. 611A](https://www.legislation.gov.uk/ukpga/1988/1/section/611A) inserted (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 paras. 15](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/15), [18(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/1)
[^c23485581]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485601]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22887611]: [S. 605A](https://www.legislation.gov.uk/ukpga/1988/1/section/605A) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 106(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/1)
[^c22892311]: [S. 606A](https://www.legislation.gov.uk/ukpga/1988/1/section/606A) inserted (with effect in accordance with [Sch. 15 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/1)
[^c22887691]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) inserted (with application in accordance with [s. 103(3)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/3) of the amending Act) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/1)
[^c21614871]: [Pt. 14 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/1) (ss. 590-612) modified (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 18](https://www.legislation.gov.uk/ukpga/1993/8/section/18), [19(4)](https://www.legislation.gov.uk/ukpga/1993/8/section/19/4), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21616421]: Source-1970 s.211(1), (4)
[^c23481791]: [S. 613(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616441]: Source-1970 s.211(2) 1981 s.50(1); PPA 1987 Sch.3 2(1)
[^c23486211]: Word in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486231]: [S. 613(4)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/b) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893861]: [S. 613(4)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/bb) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c23486181]: Words in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22887731]: [S. 614(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/1) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c21616501]: Source-1970 s.213(1)
[^c21616511]: [1935 c. 2](https://www.legislation.gov.uk/ukpga/1935/2).
[^c21616521]: [1973 c. 21](https://www.legislation.gov.uk/ukpga/1973/21).
[^c22889521]: [S. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/34) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23483781]: Words in [s. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 261](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/261) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616531]: Source-1970 s.214(2), 216(2); 1973 s.53(1)
[^c23482251]: Words in [s. 614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 84](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/84) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616541]: Source-1970 s.217(2), (4)
[^c21616551]: [1966 c. 21](https://www.legislation.gov.uk/ukpga/1966/21).
[^c21616561]: Source-1970 s.218(1)
[^c21616571]: Source-1970 s.212(3), 213(1), 214(3), 216(2), 217(2), 218(1); 1987 Sch.15 2(13)
[^c23481801]: [S. 615(1)(2)(4)(5)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/1/2/4/5/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 85](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/85), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616951]: Source-1970 s.218(3)
[^c23486431]: Words in [s. 615(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 140](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/140) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21616991]: Source-1970 s.218(4)
[^c22893881]: Words in [s. 615(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/6/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/11)
[^c21617001]: Source-1970 s.214(5), 215(3), 216(4), 217(4)
[^c21617011]: [1971 c. 56](https://www.legislation.gov.uk/ukpga/1971/56).
[^c22900881]: [S. 615(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/9/10) inserted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 9(3)](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/9/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c23481611]: [S. 616](https://www.legislation.gov.uk/ukpga/1988/1/section/616) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 86](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/86), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481971]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/88), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481951]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) inserted (prosp.) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/2002/21/schedule/3/paragraph/14) (the insertion being brought into force at 6.4.2003 by [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(d)(iii)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/d/iii))
[^c23485611]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485621]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485631]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485641]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485651]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485661]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485671]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485681]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485691]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901101]: [S. 627](https://www.legislation.gov.uk/ukpga/1988/1/section/627) repealed (with effect as mentioned in s. 228(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 228(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/228/2/a), [Sch. 26 Pt. 5(25)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/25), Note 1
[^c23485701]: [S. 628](https://www.legislation.gov.uk/ukpga/1988/1/section/628) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893921]: [S. 629](https://www.legislation.gov.uk/ukpga/1988/1/section/629) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21618141]: Source-1970 s.229
[^c21618151]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c23485711]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485721]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485731]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897701]: [S. 631A](https://www.legislation.gov.uk/ukpga/1988/1/section/631A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 7](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23485741]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485751]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485761]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485771]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485781]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485791]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485801]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485811]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485821]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485831]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485841]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485851]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485861]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485871]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897721]: [Ss. 632A](https://www.legislation.gov.uk/ukpga/1988/1/section/632A), [632B](https://www.legislation.gov.uk/ukpga/1988/1/section/632B) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22888971]: [S. 634A](https://www.legislation.gov.uk/ukpga/1988/1/section/634A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/4)
[^c22889111]: [S. 636A](https://www.legislation.gov.uk/ukpga/1988/1/section/636A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/7)
[^c22889151]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c22898641]: [S. 638ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/638ZA) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 14](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/14) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22892371]: [S. 638A](https://www.legislation.gov.uk/ukpga/1988/1/section/638A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/1)
[^c23485881]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485891]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618751]: [S. 640A](https://www.legislation.gov.uk/ukpga/1988/1/section/640A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/1)
[^c23485901]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22898961]: [S. 641](https://www.legislation.gov.uk/ukpga/1988/1/section/641) repealed (with effect in accordance with Sch. 13 para. 17 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 3 (with Sch. 13 Pt. 2)
[^c23485911]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899051]: [S. 642](https://www.legislation.gov.uk/ukpga/1988/1/section/642) repealed (with effect in accordance with Sch. 13 para. 19 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 4 (with Sch. 13 Pt. 2)
[^c23485921]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485931]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485941]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485951]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618991]: [S. 646A](https://www.legislation.gov.uk/ukpga/1988/1/section/646A) inserted (with effect in accordance with [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/1)
[^c23485961]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485971]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485981]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485991]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899001]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) inserted (with effect in accordance with [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899321]: [Ss. 646B](https://www.legislation.gov.uk/ukpga/1988/1/section/646B), [646C](https://www.legislation.gov.uk/ukpga/1988/1/section/646C) inserted (with effect in accordance with [Sch. 13 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899381]: [S. 646D](https://www.legislation.gov.uk/ukpga/1988/1/section/646D) inserted (with effect in accordance with [Sch. 13 para. 23(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23481621]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481631]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481641]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486001]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22889261]: Cross-heading preceding s. 648A omitted (1.5.1995) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22889231]: [S. 648B](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c23486011]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486021]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486031]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486041]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486051]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22900041]: [S. 652](https://www.legislation.gov.uk/ukpga/1988/1/section/652) repealed (1.10.2000) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/4), [Sch. 27 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/21), Note; [S.I. 2000/2319](https://www.legislation.gov.uk/uksi/2000/2319), [art. 2](https://www.legislation.gov.uk/uksi/2000/2319/article/2)
[^c23486061]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486071]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486081]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486091]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22892441]: [S. 650A](https://www.legislation.gov.uk/ukpga/1988/1/section/650A) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/1)
[^c22892461]: [S. 651A](https://www.legislation.gov.uk/ukpga/1988/1/section/651A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/1)
[^c22892481]: [S. 653A](https://www.legislation.gov.uk/ukpga/1988/1/section/653A) inserted (with effect in accordance with [s. 97(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/1)
[^c22888871]: [Pt. 14 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/5) excluded (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 60(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/5)
[^c22887791]: [S. 648A](https://www.legislation.gov.uk/ukpga/1988/1/section/648A) and preceding cross-heading inserted (with application in accordance with [s. 109(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/1)
[^c23568701]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21619451]: [S. 659](https://www.legislation.gov.uk/ukpga/1988/1/section/659) repealed (with effect in accordance with s. 81(7)(8) of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/4), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 9
[^c21619461]: [S. 659A](https://www.legislation.gov.uk/ukpga/1988/1/section/659A) inserted (with effect in accordance with [s. 81(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/5) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/2)
[^c23486321]: Words in [s. 659A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659A/1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486111]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486131]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486121]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486491]: Words in [s. 659E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 143](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/143) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23568791]: [S. 659E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/2): entries repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901211]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 98(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/98/1)
[^c22888751]: [Ss. 659B](https://www.legislation.gov.uk/ukpga/1988/1/section/659B), [659C](https://www.legislation.gov.uk/ukpga/1988/1/section/659C) inserted (with effect in accordance with [s. 60](https://www.legislation.gov.uk/ukpga/1995/4/section/60) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/5)
[^c22901291]: [S. 659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659D) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 17](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/17)
[^c22901331]: [S. 659E](https://www.legislation.gov.uk/ukpga/1988/1/section/659E) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2)
[^c23763571]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763591]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763491]: [S. 660C(1)-(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23312361]: [S. 660C(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1A) inserted (with effect in accordance with [Sch. 4 para. 14(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/3)
[^c23763551]: [S. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 144](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/144), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23763471]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763691]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) repealed (with effect in accordance with Sch. 5 para. 2(2)(3) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/2/1), [Sch. 27 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/3), Note
[^c23763611]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763631]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763651]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763671]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23288571]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) excluded (with effect in accordance with s. 44(6) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/44/1)
[^c23288581]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) modified (with effect in accordance with s. 45(3) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/45/1)
[^c23765121]: [S. 677](https://www.legislation.gov.uk/ukpga/1988/1/section/677) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/274), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765141]: [S. 678](https://www.legislation.gov.uk/ukpga/1988/1/section/678) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/275), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313211]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313231]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313241]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23765161]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765181]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900941]: [Pt. 15 Ch. 1B](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1B) heading inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/8)
[^c23313251]: [S. 682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/11)
[^c22900961]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900971]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900981]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900991]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23766891]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766911]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766931]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766951]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766971]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766991]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767011]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23313571]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) sidenote substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/8)
[^c23767031]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767051]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)) (subject to an amendment to s. 686A(2)(a) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 55(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/55/1/3))
[^c23767071]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767091]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767111]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767131]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767151]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766871]: Words in [s. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767191]: [S. 688](https://www.legislation.gov.uk/ukpga/1988/1/section/688) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 279](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/279), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313831]: [S. 689](https://www.legislation.gov.uk/ukpga/1988/1/section/689) repealed (with effect in accordance with s. 74(2), Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/15), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22901001]: Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765271]: [Ss. 685A-685G](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) inserted (coming into force and with effect in accordance with [Sch. 13 para. 1(2)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/1)
[^c23313651]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/9)
[^c23765231]: [Ss. 686B](https://www.legislation.gov.uk/ukpga/1988/1/section/686B), [686C](https://www.legislation.gov.uk/ukpga/1988/1/section/686C) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 100](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/100) (with [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23765251]: [S. 686D](https://www.legislation.gov.uk/ukpga/1988/1/section/686D) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/1)
[^c23765291]: [S. 686E](https://www.legislation.gov.uk/ukpga/1988/1/section/686E) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/2/3)
[^c23313631]: [S. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) inserted (with effect in accordance with [s. 27(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 27(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/1)
[^c22900951]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) heading substituted for heading before s. 686 (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765221]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 457(1)(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/457/1/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767811]: [S. 689A](https://www.legislation.gov.uk/ukpga/1988/1/section/689A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 147](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/147), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767951]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767971]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767981]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767991]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767891]: [S. 694](https://www.legislation.gov.uk/ukpga/1988/1/section/694) sidenote substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/4/paragraph/2)
[^c23768001]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23288561]: [Pt. 15](https://www.legislation.gov.uk/ukpga/1988/1/part/15) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 6(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22900921]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) inserted (in place of ss. 660-676, 683-685) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/1)
[^c23313851]: [Pt. 15 Ch. 1D](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1D) (ss. 689A, 689B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16)
[^c23769431]: Word in [s. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621991]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23770881]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 150](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/150), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770801]: [S. 699](https://www.legislation.gov.uk/ukpga/1988/1/section/699) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 289](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/289), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901551]: [S. 699A](https://www.legislation.gov.uk/ukpga/1988/1/section/699A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/4)
[^c23771371]: Words in [s. 703](https://www.legislation.gov.uk/ukpga/1988/1/section/703) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772691]: Words in [s. 709](https://www.legislation.gov.uk/ukpga/1988/1/section/709) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772771]: Words in [Pt. 17 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/1) heading substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 153](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/153) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23314131]: [Ss. 705A](https://www.legislation.gov.uk/ukpga/1988/1/section/705A), [705B](https://www.legislation.gov.uk/ukpga/1988/1/section/705B) inserted (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/24)
[^c23781621]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781641]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781651]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781661]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781671]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781681]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781691]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781701]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781711]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781721]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781731]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781741]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781751]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781761]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781771]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22992681]: [S. 724](https://www.legislation.gov.uk/ukpga/1988/1/section/724) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c21624971]: [S. 725](https://www.legislation.gov.uk/ukpga/1988/1/section/725) repealed (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c21625001]: [S. 726](https://www.legislation.gov.uk/ukpga/1988/1/section/726) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21625011]: [S. 726A](https://www.legislation.gov.uk/ukpga/1988/1/section/726A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/2), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c23781781]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781801]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781791]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23006161]: [S. 722A](https://www.legislation.gov.uk/ukpga/1988/1/section/722A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/6)
[^c22903261]: [S. 727A](https://www.legislation.gov.uk/ukpga/1988/1/section/727A) inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/1) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c22992701]: [S. 729](https://www.legislation.gov.uk/ukpga/1988/1/section/729) repealed (with effect in accordance with s. 159(1)(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23774521]: [S. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) heading substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/12)
[^c23782231]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782241]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782251]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/5), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 301](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/301), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22903331]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/1)
[^c23774831]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 12](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/12)
[^c23006261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/7)
[^c21625441]: [S. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2(a)](https://www.legislation.gov.uk/uksi/1992/173/regulation/2/a); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(a)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/a), [4(1)](https://www.legislation.gov.uk/uksi/1993/933/regulation/4/1))
[^c23131691]: [S. 737](https://www.legislation.gov.uk/ukpga/1988/1/section/737) repealed (with effect in accordance with Sch. 10 para. 16(1), Sch. 18 Pt. 6(10) Notes 3, 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 8](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/8), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3)); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23782321]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782331]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782341]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23130271]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) inserted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776191]: [S. 736C](https://www.legislation.gov.uk/ukpga/1988/1/section/736C) inserted (with effect in accordance with [Sch. 6 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/1)
[^c23776211]: [S. 736D](https://www.legislation.gov.uk/ukpga/1988/1/section/736D) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/3)
[^c22902581]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 122](https://www.legislation.gov.uk/ukpga/1994/9/section/122)
[^c23781481]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by virtue of [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/4)
[^c23781601]: Words in [s. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 176(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/176/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782361]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/8), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c22903631]: [Ss. 737D](https://www.legislation.gov.uk/ukpga/1988/1/section/737D), [737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 83(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/83/1)
[^c23782901]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782921]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782541]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/4/5)
[^c23782931]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782941]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782951]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782961]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782971]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782681]: [S. 742](https://www.legislation.gov.uk/ukpga/1988/1/section/742) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/5/6)
[^c23782981]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782991]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783001]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783011]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783021]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782561]: [S. 741A](https://www.legislation.gov.uk/ukpga/1988/1/section/741A) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/3)
[^c23782581]: [Ss. 741B](https://www.legislation.gov.uk/ukpga/1988/1/section/741B), [741C](https://www.legislation.gov.uk/ukpga/1988/1/section/741C) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/4)
[^c23782601]: [S. 741D](https://www.legislation.gov.uk/ukpga/1988/1/section/741D) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/5)
[^c23787951]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 24(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/24/1), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23228321]: [S. 748](https://www.legislation.gov.uk/ukpga/1988/1/section/748) sidenote substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229041]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228571]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228611]: [S. 753](https://www.legislation.gov.uk/ukpga/1988/1/section/753) repealed (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229001]: [S. 755](https://www.legislation.gov.uk/ukpga/1988/1/section/755) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/12), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22903691]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/2)
[^c23783101]: [S. 748ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/5)
[^c23312911]: [S. 748A](https://www.legislation.gov.uk/ukpga/1988/1/section/748A) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/2)
[^c23229061]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23310811]: [S. 750A](https://www.legislation.gov.uk/ukpga/1988/1/section/750A) inserted (with effect in accordance with [Sch. 31 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3)
[^c23783061]: [S. 751AA](https://www.legislation.gov.uk/ukpga/1988/1/section/751AA) inserted (with effect in accordance with [Sch. 16 para. 25](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/25) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 23](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/23)
[^c23783081]: [S. 751AB](https://www.legislation.gov.uk/ukpga/1988/1/section/751AB) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/2)
[^c23783121]: [S. 751AC](https://www.legislation.gov.uk/ukpga/1988/1/section/751AC) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/7)
[^c23228591]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229081]: [S. 754A](https://www.legislation.gov.uk/ukpga/1988/1/section/754A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229101]: [S. 754B](https://www.legislation.gov.uk/ukpga/1988/1/section/754B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229121]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229141]: [S. 755B](https://www.legislation.gov.uk/ukpga/1988/1/section/755B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/14); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229161]: [S. 755C](https://www.legislation.gov.uk/ukpga/1988/1/section/755C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/15); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23311081]: [S. 755D](https://www.legislation.gov.uk/ukpga/1988/1/section/755D) inserted (with effect in accordance with [Sch. 31 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/1)
[^c23790471]: [S. 764](https://www.legislation.gov.uk/ukpga/1988/1/section/764) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 23](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/23), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23788241]: [Ss. 762ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZA), [762ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZB) inserted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 94](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/94)
[^c23788221]: [S. 762A](https://www.legislation.gov.uk/ukpga/1988/1/section/762A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788201]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) and preceding cross-headings inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21627061]: [S. 765A](https://www.legislation.gov.uk/ukpga/1988/1/section/765A) inserted (with effect in accordance with [s. 68(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/2)
[^c21627211]: [S. 768A](https://www.legislation.gov.uk/ukpga/1988/1/section/768A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 20(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/1)
[^c23790991]: [S. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B) sidenote substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/7)
[^c23229571]: [S. 767AA](https://www.legislation.gov.uk/ukpga/1988/1/section/767AA) inserted (with effect in accordance with [s. 114(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/1)
[^c23229591]: [S. 767C](https://www.legislation.gov.uk/ukpga/1988/1/section/767C) inserted (with effect in accordance with [s. 115(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 115(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/1)
[^c22903801]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/2)
[^c23229611]: [S. 768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 31](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/31) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23313061]: [S. 768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768E) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/3)
[^c23229641]: [S. 770A](https://www.legislation.gov.uk/ukpga/1988/1/section/770A) substituted for ss. 770-773 (with effect in accordance with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23798811]: [S. 775](https://www.legislation.gov.uk/ukpga/1988/1/section/775) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 182](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/182), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796661]: Words in [s. 777](https://www.legislation.gov.uk/ukpga/1988/1/section/777) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(13)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/13) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790671]: [S. 775A](https://www.legislation.gov.uk/ukpga/1988/1/section/775A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/1)
[^c23790691]: [Ss. 785ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZA), [785ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZB) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/2)
[^c23790651]: [S. 785A](https://www.legislation.gov.uk/ukpga/1988/1/section/785A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 135(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/1)
[^c23790751]: [Ss. 785B-785E](https://www.legislation.gov.uk/ukpga/1988/1/section/785B) inserted (with effect in accordance with [Sch. 20 para. 1(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 1(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/1) (with transitional modifications in [Sch. 20 para. 1(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/3))
[^c23790711]: [Ss. 774A-774G](https://www.legislation.gov.uk/ukpga/1988/1/section/774A) and preceding cross-heading inserted (with effect in accordance with [Sch. 6 para. 6(2)-(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/1)
[^c22810311]: Word in [s. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c21627711]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22894971]: Word in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/3)
[^c22895131]: Words in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/3)
[^c22894431]: [S. 793A](https://www.legislation.gov.uk/ukpga/1988/1/section/793A) inserted (with effect in accordance with [Sch. 30 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/1)
[^c22894451]: [S. 795A](https://www.legislation.gov.uk/ukpga/1988/1/section/795A) inserted (with effect in accordance with [Sch. 30 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/1)
[^c22894321]: [S. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/43) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894681]: [S. 797B](https://www.legislation.gov.uk/ukpga/1988/1/section/797B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/4)
[^c22894341]: [S. 798A](https://www.legislation.gov.uk/ukpga/1988/1/section/798A) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 104](https://www.legislation.gov.uk/ukpga/1998/36/section/104)
[^c22894361]: [S. 798B](https://www.legislation.gov.uk/ukpga/1988/1/section/798B) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 105](https://www.legislation.gov.uk/ukpga/1998/36/section/105)
[^c23803101]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c22895851]: [S. 800](https://www.legislation.gov.uk/ukpga/1988/1/section/800) repealed (with effect in accordance with Sch. 30 para. 10(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/10/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22896251]: [S. 802](https://www.legislation.gov.uk/ukpga/1988/1/section/802) repealed (with effect in accordance with Sch. 30 para. 14(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 14(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/14/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895991]: [S. 801A](https://www.legislation.gov.uk/ukpga/1988/1/section/801A) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/1)
[^c22896011]: [S. 801B](https://www.legislation.gov.uk/ukpga/1988/1/section/801B) inserted (with effect in accordance with [Sch. 30 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/1)
[^c22896031]: [S. 801C](https://www.legislation.gov.uk/ukpga/1988/1/section/801C) inserted (with effect in accordance with [Sch. 30 para. 13(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/1)
[^c22896051]: [S. 803A](https://www.legislation.gov.uk/ukpga/1988/1/section/803A) inserted (with effect in accordance with [Sch. 30 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/1)
[^c22897451]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) sidenote substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/5)
[^c21628031]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) inserted (with effect in accordance with [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/5)
[^c23805351]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/e), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23804151]: [Ss. 804ZA-804ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA) inserted (with effect in accordance with [s. 87(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/1)
[^c22897151]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) inserted (with effect in accordance with [Sch. 30 para. 17(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 17(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/1)
[^c22897171]: [Ss. 804C-804E](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) inserted (with effect in accordance with [Sch. 30 para. 18(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/1)
[^c22897191]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) inserted (with effect in accordance with [Sch. 30 para. 19(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/1)
[^c23804171]: [S. 804G](https://www.legislation.gov.uk/ukpga/1988/1/section/804G) inserted (with effect in accordance with [s. 59(13)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/13) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/2)
[^c21627851]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22897951]: [Ss. 806A-806H](https://www.legislation.gov.uk/ukpga/1988/1/section/806A), [806J](https://www.legislation.gov.uk/ukpga/1988/1/section/806J) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 21(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/1)
[^c22897971]: [S. 806K](https://www.legislation.gov.uk/ukpga/1988/1/section/806K) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/1)
[^c22897991]: [Ss. 806L](https://www.legislation.gov.uk/ukpga/1988/1/section/806L), [806M](https://www.legislation.gov.uk/ukpga/1988/1/section/806M) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 23(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/1)
[^c21628131]: [S. 808A](https://www.legislation.gov.uk/ukpga/1988/1/section/808A) inserted (16.7.1992 with application in relation to interest paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.52](https://www.legislation.gov.uk/ukpga/1992/48/section/52)
[^c22899601]: [S. 810](https://www.legislation.gov.uk/ukpga/1988/1/section/810) repealed (with effect in accordance with Sch. 30 para. 26(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 26(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/26/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c21628341]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 50](https://www.legislation.gov.uk/ukpga/1992/48/section/50)
[^c21628361]: [S. 815B](https://www.legislation.gov.uk/ukpga/1988/1/section/815B) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/1)
[^c22900261]: Word in [s. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c23811001]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c22898071]: [S. 807A](https://www.legislation.gov.uk/ukpga/1988/1/section/807A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/46) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22898091]: [S. 808B](https://www.legislation.gov.uk/ukpga/1988/1/section/808B) inserted (with effect in accordance with [Sch. 30 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/1)
[^c23806191]: [S. 815AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AZA) inserted (with effect in accordance with [s. 59(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/1)
[^c22898111]: [S. 815AA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA) inserted (with effect in accordance with [Sch. 30 para. 28(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 28(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/1)
[^c22898131]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/1)
[^c22900391]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/10) (as amended by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 122(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/122/4/5)) (with Sch. 20 para. 12(2)(a))
[^c22900401]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87)
[^c23798871]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 107(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/107/5)
[^c23798881]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12E(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16))
[^c23798891]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30E(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19))
[^c23798901]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12C(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8))
[^c23798911]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10))
[^c23798921]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87A(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87A/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/12))
[^c23798931]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 140H(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140H/3), [140I(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140I/3), [140J(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140J/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1))
[^c23798941]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 paras. 12H(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12H/3), [12I(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12I/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/2))
[^c23798951]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 paras. 30G(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30G/3), [30H(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30H/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/4))
[^c23798961]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 85B(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85B/3), [85C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85C/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/5))
[^c23798971]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23798981]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (with effect in accordance with s. 56(3) of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2009/10/section/56/1)
[^c23816441]: [S. 818](https://www.legislation.gov.uk/ukpga/1988/1/section/818) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 203](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/203), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23816461]: [S. 819](https://www.legislation.gov.uk/ukpga/1988/1/section/819) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 204](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/204), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23812421]: [S. 820](https://www.legislation.gov.uk/ukpga/1988/1/section/820) applied (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)(2)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1/2), [Sch. 2 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/160)
[^c21628511]: Source—1970 s.520
[^c21628521]: Source—1970 s.521; 1972 Sch.24 29; 1983 s.27.
[^c23812431]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812451]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812471]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812491]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812521]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800531]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/22)
[^c23812541]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812561]: [S. 821(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 205(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/205/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628531]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(7)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/7); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816) art. 2
[^c23812581]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 205(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/205/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22800561]: [S. 821(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21628541]: Source—1970 s.522; 1971 Sch.6 76; 1972 Sch.24 30
[^c22800621]: Words in [s. 822(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/822/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/23)
[^c23816481]: [S. 823](https://www.legislation.gov.uk/ukpga/1988/1/section/823) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/206), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628821]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173](https://www.legislation.gov.uk/ukpga/1993/34/section/173), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3), [Sch. 19 Pt. III para. 13(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19/part/III/paragraph/13/4)
[^c22800861]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c23813151]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4)
[^c22800701]: [S. 824(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21628871]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/b)
[^c21628881]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801911]: [S. 824(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(d)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/d)
[^c22801811]: [S. 824(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2B) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/2)
[^c22801851]: [S. 824(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2C) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/2)
[^c22800731]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23813081]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 108](https://www.legislation.gov.uk/ukpga/2004/12/section/108)
[^c22801831]: [S. 824(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/aa) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/3)
[^c22801871]: [S. 824(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/ab) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/3)
[^c22800891]: [S. 824(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/a/b) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/2)
[^c22800931]: Words in [s. 824(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/c) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/3)
[^c22800911]: [S. 824(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4/4A) substituted for s. 824(4) (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/4)
[^c23813061]: Words in [s. 824(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 104](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/104) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800751]: [S. 824(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/5) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/a), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629001]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(f)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/f)
[^c21629011]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c23813131]: [S. 824(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629031]: Source—1975 (No.2) s.47(11), (12).
[^c23813111]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800791]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/b), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629041]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 110(5)(6)-(9)](https://www.legislation.gov.uk/ukpga/1989/26/section/110/5/6)
[^c23813161]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 33](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/33) (as amended by [The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569)](https://www.legislation.gov.uk/uksi/2006/569), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/569/regulation/1/1), [5(6)(7)](https://www.legislation.gov.uk/uksi/2006/569/regulation/5/6/7)) (with Sch. 36)
[^c21629051]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 111(4)(5)-(8)](https://www.legislation.gov.uk/ukpga/1989/26/section/111/4/5)
[^c22800811]: [S. 824(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/10) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/c), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629171]: Source—1975 (No.2) s.48(1), (2)
[^c21629181]: Words in [s. 825(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/1/a) repealed (for accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Note 6
[^c21629191]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) repealed (with effect in relation to payments made on and after 6.4.1993) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 158(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/158/2), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/8), Note 5; [S.I. 1993/753](https://www.legislation.gov.uk/uksi/1993/753)
[^c21629201]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) substituted (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 179(1)(a)(vii)](https://www.legislation.gov.uk/ukpga/1989/26/section/179/1/a/vii); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c21629211]: [S. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/a)
[^c21629231]: Source—1975 (No.2) s.48(4)-(9)
[^c21629241]: [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(6)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/6) [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120](https://www.legislation.gov.uk/ukpga/1995/4/section/120), [Sch. 24 para. 12(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/5)
[^c21629251]: Words in [s. 825(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.22](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22)
[^c22801931]: [S. 825(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/d) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21629271]: Words in [s. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/b)
[^c22802091]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c22803051]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) applied (with modifications) (7.1.1999 in accordance with reg. 1(2) of the affecting S.I.) by [The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175)](https://www.legislation.gov.uk/uksi/1998/3175), [reg. 8](https://www.legislation.gov.uk/uksi/1998/3175/regulation/8) (as amended by: [S.I. 2005/889](https://www.legislation.gov.uk/uksi/2005/889), [regs. 1(1)(3)](https://www.legislation.gov.uk/uksi/2005/889/regulation/1/1/3), [7](https://www.legislation.gov.uk/uksi/2005/889/regulation/7); [S.I. 2011/1785](https://www.legislation.gov.uk/uksi/2011/1785), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1785/regulation/1), [11](https://www.legislation.gov.uk/uksi/2011/1785/regulation/11); [S.I. 2017/1072](https://www.legislation.gov.uk/uksi/2017/1072), [regs. 1](https://www.legislation.gov.uk/uksi/2017/1072/regulation/1), [10](https://www.legislation.gov.uk/uksi/2017/1072/regulation/10))
[^c23813721]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)(6)(b)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4/6/b)
[^c21629411]: Source—1987 (No.2) s.87
[^c21629401]: [S. 826(1)(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/8/9) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c22801941]: [S. 826(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/2)
[^c22803111]: [S. 826(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/d) and preceding word inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/2)
[^c22803291]: [S. 826(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/e) and preceding word inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/2)
[^c22803411]: [S. 826(1)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/da) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/2)
[^c23813731]: [S. 826(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/f) and preceding word inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/2); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c21629431]: Words in [s. 826(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1) substituted (retrospectively) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 180(6)(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/180/6/7)
[^c22802801]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/1)
[^c22801981]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 42](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/42); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22801961]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/3)
[^c22803001]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) repealed (with effect in accordance with Sch. 3 para. 38(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802821]: Words in [s. 826(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3) substituted (with effect in accordance with [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/1)
[^c22803131]: [S. 826(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3A) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/3)
[^c22803281]: [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36).
[^c22803431]: [S. 826(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3AA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/3)
[^c22803311]: [S. 826(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3B) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/3)
[^c23813751]: [S. 826(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3C) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/3); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803071]: Words in [s. 826(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4) substituted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/a)
[^c22802121]: [S. 826(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/5)
[^c22803091]: Words in [s. 826(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a/i) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/b)
[^c22802981]: [S. 826(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5A) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/4)
[^c22803021]: [S. 826(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7) repealed (with effect in accordance with Sch. 3 para. 38(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21629471]: [S. 826(7A)(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A/7B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 23](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23)
[^c21629481]: Words in [s. 826(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/2)
[^c22802881]: Words in [s. 826(7)(7A)(7B)(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7/7A/7B/7C) substituted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/2)
[^c21629491]: [S. 826(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/3/5)
[^c22803031]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802231]: [S. 826(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7B) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22803211]: [S. 826(7BB)(7BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7BB/7BC) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/2)
[^c21629521]: [S. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/5)
[^c22802141]: Words in [s. 826(7C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/a) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802161]: Words in [s. 826(7C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802041]: Words in [s. 826(7C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/c) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/a)
[^c22802061]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/b)
[^c22802021]: [S. 826(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7CA) inserted (with effect in accordance with [Sch. 24 para. 12(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/2)
[^c22803061]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802901]: [S. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/3)
[^c22803231]: Words in [s. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/3)
[^c22802921]: [S. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/4)
[^c22803251]: Words in [s. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/4)
[^c22802841]: [S. 826(8A)-(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A) inserted (with effect in accordance with [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/1)
[^c22803151]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/a)
[^c22803331]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/a)
[^c23813771]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/a); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803171]: [S. 826(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b) substituted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/b)
[^c22803471]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/b)
[^c22803351]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/b)
[^c23813791]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/b); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803191]: [S. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/5)
[^c22803491]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/5)
[^c22803371]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/a)
[^c23813811]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (1.1.2007) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/5); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803391]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/b)
[^c22800351]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22800361]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23816501]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 207](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/207), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21629661]: Source—1970 ss.65(5), 204, 231(3), 343 (1A); 1970(F) s.29(6), Sch.5 2(3), 10; 1972 ss.91(3), 108(4); 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A, (4) Sch.4 16(2); 1980 s.24(9); [Sch.10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) 13(3); 1982 ss.28(5), 29(1), (3), Sch.7 14(2); 1984 ss.26(1), 88(8), 126(1), Sch.8 2(1)(f), 3A; 1983 Sch.5 5A(9), 6(8); 1986 s.28, 61, Sch.11 11, Sch.12 3, Sch.17 6(7).
[^c23815221]: [S. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) excluded by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 22C(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/22C/3) (as inserted (1.7.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 7 paras. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/8), [18(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/18/1) (with [Sch. 7 paras. 19-21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/19)))
[^c21629681]: Source—1970 ss.65(5), 204, 343(1B); 1970(F) s.29(8), Sch.5 2(3), 10; 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A(4); 1982 s.29(5); 1983 Sch.5 5A(9), 6(9); 1984 ss.26(6), 88(8), Sch.8 2(1), 3A; 1986 ss.26, 27(7), 55, Sch.11 11, Sch.12 3, Sch.17 6(7)
[^c23815251]: [S. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) modified (20.3.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 1030(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/1030/4), [1034(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/4/b)
[^c23815351]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815121]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 180(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/180/2)
[^c23815371]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815201]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22803751]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (with effect in accordance with Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21629701]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/2)
[^c21629711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/16)
[^c22803741]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/2)
[^c21629721]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(34)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/34)
[^c23815401]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815101]: [S. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815231]: [S. 828(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/6) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 34](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/34) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816521]: [S. 829](https://www.legislation.gov.uk/ukpga/1988/1/section/829) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 209](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/209), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23816161]: [S. 830(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 106](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/106), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800331]: [S. 826A](https://www.legislation.gov.uk/ukpga/1988/1/section/826A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/2)
[^c23811391]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 333](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/333) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629861]: Source—1970 s.526(1), (2); 1987 Sch.15 12
[^c23816541]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITEPA 2003" inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 107](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/107) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816561]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITTOIA 2005" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816581]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITA 2007" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21629871]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1990 Act" inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(35)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/35); and that amendment continued by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/59)
[^c21629881]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1992 Act" inserted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22803801]: [S. 831(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/4) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 144(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/144/2)
[^c21629891]: [1987 c. 42](https://www.legislation.gov.uk/ukpga/1987/42).
[^c21629901]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21629911]: [1986 c. 9](https://www.legislation.gov.uk/ukpga/1986/9).
[^c21629921]: Source—1970 s.540(2)
[^c21629931]: Words in [s. 831(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/5) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23817041]: Words in [s. 832](https://www.legislation.gov.uk/ukpga/1988/1/section/832) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820211]: [S. 833](https://www.legislation.gov.uk/ukpga/1988/1/section/833) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/213), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820231]: [S. 835](https://www.legislation.gov.uk/ukpga/1988/1/section/835) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 215](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/215), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820251]: [S. 836](https://www.legislation.gov.uk/ukpga/1988/1/section/836) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 216](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/216), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820331]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/25), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c23820271]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 217](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/217), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820291]: [S. 837](https://www.legislation.gov.uk/ukpga/1988/1/section/837) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/218), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806921]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23820311]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/229), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21631481]: [S. 842A](https://www.legislation.gov.uk/ukpga/1988/1/section/842A) inserted (1.4.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.127(1)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/127/1/4)
[^c23819851]: Words in [s. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23812171]: [S. 834A](https://www.legislation.gov.uk/ukpga/1988/1/section/834A) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/274) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812191]: [S. 834B](https://www.legislation.gov.uk/ukpga/1988/1/section/834B) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/275) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812211]: [S. 834C](https://www.legislation.gov.uk/ukpga/1988/1/section/834C) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/276) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22805631]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/2)
[^c23811481]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 340](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/340) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22805561]: [S. 837A](https://www.legislation.gov.uk/ukpga/1988/1/section/837A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/1)
[^c22805581]: [S. 837B](https://www.legislation.gov.uk/ukpga/1988/1/section/837B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/2)
[^c23811461]: [S. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1)
[^c23812101]: [S. 840ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/840ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805501]: [S. 840A](https://www.legislation.gov.uk/ukpga/1988/1/section/840A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/1)
[^c22805521]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/26) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22805481]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/1)
[^c22805611]: [S. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/1)
[^c21631551]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(56)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/56) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22807521]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c21631561]: Words in [s. 843(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/4) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21631571]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c23389411]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21853671]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/1) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22720851]: [Sch. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2) repealed (with effect in accordance with Sch. 14 Pt. IV Note 9 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 75, 148, Sch.14 Part IV
[^c21853701]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/27), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21846651]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23389421]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 342](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/342), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390441]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/344), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777311]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) repealed (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1/2), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23390511]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21633181]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23390521]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390531]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390541]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22205081]: [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8) repealed (with effect in accordance with s. 61(2)(3), Sch. 18 Pt. 6(3) Notes 1-3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3)
[^c21634111]: Source—1978 Sch.9 1(1)(a); 1980 Sch.10 1(1)(a); 1984 Sch.10 1(1)
[^c21634121]: Source—1978 Sch.9 1(5); 1980 Sch.10 1(2); 1984 Sch.10 1(2)
[^c21634131]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(3)
[^c21634141]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(4)
[^c21634151]: Source—1978 Sch.9 1(1)(b); 1980 Sch.10 1(1), (b); 1984 Sch.10 1(1); 1987 Sch.15 13
[^c21634161]: [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(1)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/1/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21634171]: Source—1978 s.54(1); 1986 s.24(3)(a)
[^c22225551]: [Sch. 9 para. 2(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2A/2B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/1/3)
[^c21634181]: Source—1978 Sch.9 2(3), (4); 1980 Sch.10 1(1)(aa), (ab), (1A); 1983 s.25(5); 1984 s.39(2)
[^c22225621]: [Sch. 9 para. 3(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/ca) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/2/3)
[^c22225931]: [Sch. 9 para. 3(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/f) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/1)
[^c21634191]: Source—1978 Sch.9 3(3)
[^c22225951]: [Sch. 9 para. 3(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/4) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/2)
[^c22181491]: [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/4) modified (with effect in accordance with Sch. 16 para. 1 of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/4)
[^c21634201]: Source—1978 Sch.9 3(2); 1980 Sch.10 3(2); 1984 Sch.10 2(2)
[^c23392191]: [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/5) modified (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 158](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/158)
[^c21634211]: Source—1978 Sch.9 4; 1980 Sch.10 4; 1984 Sch.10 3
[^c21634231]: Source—1978 s.53(7); 1980 Sch.10 25; 1984 Sch.10 14
[^c23392121]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634241]: Source—1978 Sch.9 11(1), (2); 1980 Sch.10 23; 1984 Sch.10 4(1)(b), (3)
[^c21634251]: [Sch. 9 Pt. II para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/II/paragraph/8A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(5)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/5/6)
[^c21634261]: Source—1978 Sch.9 1(1), (3); 1980 Sch.10 5(a); 1984 Sch.10
[^c22225451]: Words in [Sch. 9 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/9/1) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/2/5)
[^c21634271]: Source—1978 Sch.9 5; 1980 Sch.10 15; 1984 Sch.10 7
[^c21634281]: [Sch. 9 para. 10(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/10/c/ii) and preceding word repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 64](https://www.legislation.gov.uk/ukpga/1989/26/section/64), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c21634291]: Source—1978 Sch.9 6; 1980, s.46(10), Sch.10 16; 1984 Sch.10 8
[^c22194561]: Words in [Sch. 9 para. 11(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11/a/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(j)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/j)
[^c21634321]: Source—1978 Sch.9 7; 1980 Sch.10 17; 1984 Sch.10 9; 1986 s.22, 24(2)
[^c22225511]: Words in [Sch. 9 para. 12(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1/c) substituted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/a/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c22225531]: [Sch. 9 para. 12(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1A/1B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/b/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c21634331]: Source—1980 Sch.10 18; 1982 s.41; 1984 Sch.10 10; 1986 s.23(4)
[^c21634341]: [Sch. 9 para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/13/3) added (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 69(1)](https://www.legislation.gov.uk/ukpga/1988/39/section/69/1)
[^c21634351]: Source—1978 Sch.9 8; 1980 s.46(11), Sch.10 19; 1984 Sch.10 11; 1986 s.23(3)
[^c21634361]: Source—1980 Sch.10, 10A; 1984 Sch.10 4A; 1987 Sch.4 1, 2; 1987 (No.2) s.59
[^c21634371]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634381]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21634391]: Source—1987 Sch.4 3
[^c23392201]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22225471]: [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/3/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c23392091]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392111]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634771]: Source—1978 Sch.9 1(3)
[^c21634781]: Source—1978 Sch.9 3(2)
[^c21634801]: Source—1978 Sch.9 1 (4); 1983 s.25(1)
[^c21634811]: Source—1978 s.53(4)
[^c21634821]: Source—1978 Sch.9 12
[^c21634831]: Source—1978 Sch.9 13; 1980 s.46(13)
[^c21880401]: Words in [Sch. 9 para. 32(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/32/1) substituted (with effect in accordance with [s. 101(9)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/9/10) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/5)
[^c21634841]: Source—1978 Sch.9 14
[^c21880421]: [Sch. 9 para. 33(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/33/a) modified (with effect in accordance with s. 101(11)(12) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/6) (with [s. 101(14)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/14))
[^c21634851]: Source—1978 Sch.9 15
[^c21634861]: Source—1978 Sch.9 9
[^c21634871]: Source—1978 Sch.9 10
[^c21634881]: Source—1978 Sch.9 2; 1983 s.25(4)
[^c21884191]: Words in [Sch. 9 para. 36(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/36/1/a) substituted (with application in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/4)
[^c21634891]: Source—1987 Sch.4 6-8
[^c21634901]: [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/40) and preceding cross-heading inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 65](https://www.legislation.gov.uk/ukpga/1989/26/section/65)
[^c23392211]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634091]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22180901]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 115](https://www.legislation.gov.uk/ukpga/1996/8/section/115)
[^c22181041]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22225871]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/1/2)
[^c23392221]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634921]: Source—1978 s.54(2); 1979 Sch.7
[^c21880321]: [Sch. 10 para. 1(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/1/cc) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/2)
[^c21634931]: Source—1978 s.54(1A); 1980 s.46(2)
[^c21634941]: Source—1978 s.54(3)
[^c21880361]: [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/4) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/3)
[^c21634991]: Source—1978 s.54(4), (5); 1980 s.46(3); 1986 s.24(3)
[^c22194851]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/b)
[^c22201621]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [art. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2))
[^c21635021]: Words in [Sch. 10 para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c21635031]: Word at the end of Sch. 10 para. 2(c) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [9](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/9)
[^c21635041]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c22162701]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(b)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/b), [s. 178(3)](https://www.legislation.gov.uk/ukpga/1995/26/section/178/3)
[^c22181091]: [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3) substituted (with effect in accordance with [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/1)
[^c23393091]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778221]: Words in [Sch. 10 para. 3A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(c)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/c)
[^c22778231]: Words in [Sch. 10 para. 3A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/4) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(d)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/d)
[^c22778211]: [Sch. 10 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/100/3)
[^c21635091]: Source—1978 s.56(2)-(5)
[^c21635111]: Source—1978 s.57; 1979(C) Sch.7
[^c21635121]: Word in [Sch. 10 para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(58)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/58) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21880381]: [Sch. 10 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5A) inserted (with effect in accordance with [s. 101(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/4) (with [s. 101(13)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/13))
[^c21635131]: Source—1978 s.58; 1983 s.25(1)
[^c23393111]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635141]: Source—1978 s.59; 1980 s.46(8); 1987 Sch.15 11(3)
[^c23393121]: Words in [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393141]: Words in [Sch. 10 para. 7(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393181]: Word in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/i), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393161]: Words in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634911]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22181061]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392231]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393261]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 114](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/114), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635371]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c23394021]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 115](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/115), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394041]: [Sch. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 116](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/116), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394061]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 117](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/117), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394051]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 118](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/118), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778561]: [Sch. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13) repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/41/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22779711]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) repealed (with effect in accordance with Sch. 3 para. 42(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 42(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/42/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23394071]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3-5](https://www.legislation.gov.uk/uksi/2003/962/article/3))
[^c21636171]: [Sch. 14 para. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/2/3) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch.14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 6
[^c23403071]: Cross-heading preceding Sch. 14 para. 1 substituted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/3)
[^c21636201]: Source—1976 Sch.4 11; 1979/1576; 1982 s.35(2), (4); 1970 s.10
[^c21636211]: Words in [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1/b) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23403151]: [Sch. 14 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21636281]: Source—1976 Sch.4 13; 1978 Sch.3 7; 1980 s.29(2)(c); 1987 Sch.15 9
[^c21636291]: Words in [Sch. 14 para. 3(1)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/1/3/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636311]: Words in [Sch. 14 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/3/a) substituted (6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21636341]: Words in [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/4) repealed (with effect in accordance with s. 173 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/9), Note
[^c21636351]: [1969 c.19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21636361]: Source—1976 Sch.4 14; 1978 Sch.3 2, 8
[^c21636371]: Source—1976 Sch.4 14A; 1978 Sch.3 9
[^c23403131]: Words in [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 119](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/119) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21636381]: Source—1976 Sch.4 15
[^c22780441]: Words in [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/2) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/2), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21636401]: Source—1976 Sch.4 16; 1978 Sch.3 10
[^c22780431]: Words in [Sch. 14 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/1) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22223751]: [Sch. 14 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/a) substituted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/a)
[^c22223781]: Words in [Sch. 14 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/b) inserted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/b)
[^c22223801]: Words in [Sch. 14 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/c)
[^c22223841]: Words in [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3) substituted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/d)
[^c22223861]: [Sch. 14 para. 7(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/4/5) added (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/4)
[^c21636411]: Source—1970 s.19(5)
[^c21636421]: Source—1984 s.72(2)-(4), (6), (7)
[^c23403191]: [Sch. 14 para. 8(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/3A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22224031]: Words in [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/5)
[^c22224051]: [Sch. 14 para. 8(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/6)
[^c22780451]: [Sch. 14 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8/a) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(b)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/b)
[^c21636441]: Source—1970 Sch.1 1(1)-(4A); 1975 Sch.2 4(2), (3)
[^c21636451]: Source—1975 Sch.2 4(4)
[^c22224071]: Words in [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/1/6) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/a); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636461]: Source—1970 Sch.1 1(5)-(7); 1975 Sch.2 4(5), (6)
[^c21636471]: Source—1975 Sch.2 4(1)
[^c21636481]: Source—1970 Sch.1 2; 1975 Sch.2 4(7), (8)
[^c22224091]: Words in [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/2/2) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/b); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636491]: Source—1975 Sch.2 4(1)
[^c21636621]: Source—1970 ss.334(2)–(4), 337(5)(a), Sch.1 3, 3A; 1984 s.72(a); 1985 s.41(4), (6), Sch.10 Pt.I; 1979/1576
[^c21636631]: Words in [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636641]: [Sch. 15 para. 3(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1/c) and word preceding it repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 9 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/4/1/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c22783601]: [Sch. 15 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/3), [Sch. 29 Pt. 8(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/6)
[^c21636701]: Words in [Sch. 15 para. 3(2)(c)(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c/4/c) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/3/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636711]: [Sch. 15 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636541]: Words in [Sch. 15 para. 3(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/ii) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 49(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/49/5)
[^c23394081]: [Sch. 15 para. 3(8)(b)(iii)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/iii/c) and word preceding para. (b)(iii) repealed (retrospectively with effect in accordance with s. 172(6) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/3), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 3
[^c21636781]: [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 19(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/6), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22783611]: Words in [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/2)
[^c21636821]: Source—1970 Sch.1, 3; 1985 s.41(4)
[^c21636831]: Words in [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636851]: Source—FSA 1974 s.64(2B); 1985 s.41(1); 1987 s.30(6)
[^c23820431]: [Sch. 15 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6A) inserted (with effect in accordance with [s. 178](https://www.legislation.gov.uk/ukpga/2012/14/section/178) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 13(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13/6)
[^c21636861]: Source—1970 Sch.1 4; 1976 Sch.4 12
[^c21636871]: Source—1975 Sch.2 7; 1976 Sch.4 19(4)
[^c22783711]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c22783691]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/8)
[^c21636881]: Source—1970 Sch.1 5
[^c21636891]: Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)
[^c22783631]: Words in [Sch. 15 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/11/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/3)
[^c21636911]: [1974 c. 49](https://www.legislation.gov.uk/ukpga/1974/49).
[^c21636921]: Source—1970 Sch.1 6, 7
[^c23820501]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/1)
[^c23820531]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) heading substituted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/2)
[^c21636931]: Source—1980 s.30; 1984 s.74; 1982 s.35(3)
[^c22783651]: Words in [Sch. 15 para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/4)
[^c22783671]: [Sch. 15 para. 14(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/5)
[^c21636961]: Source—1970 Sch.1 8
[^c21636971]: Source—1984 s.72(9)(a)
[^c21636981]: Source—1970 Sch.1 9(1), (2)
[^c21636991]: Word in [Sch. 15 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/2/a) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [10](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/10)
[^c21637001]: Source—1970 Sch.1 9(3); 1984 s.76(3), (6)
[^c23820571]: Words in [Sch. 15 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637011]: Source—1975 Sch.2 5
[^c21637021]: Source—1970 Sch.1 10
[^c21637031]: Word in [Sch. 15 para. 18(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [11](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/11)
[^c22224111]: [Sch. 15 para. 18(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/9)
[^c22783721]: [Sch. 15 para. 18(3)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c/i) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c23820691]: [Sch. 15 para. 18(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/d) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(2)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/2/4/6)
[^c23820671]: [Sch. 15 para. 18(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/4) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/4)
[^c21637041]: Source—1975 Sch.2 3
[^c21637051]: Source—1982 s.34
[^c23820991]: [Sch. 15 para. 20ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20ZA) and preceding cross-heading inserted (1.4.2011 with effect in accordance with art. 15(2) of the amending S.I.) by The Enactment of Extra-[Statutory Concessions Order 2011 (S.I. 2011/1037)](https://www.legislation.gov.uk/uksi/2011/1037), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1037/article/1), [15(1)](https://www.legislation.gov.uk/uksi/2011/1037/article/15/1)
[^c23821011]: [Sch. 15 paras. B1-B3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/B1), cross-headings and preceding heading inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/3)
[^c23820951]: [Sch. 15 para. 20A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20A) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820741]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23820721]: [Sch. 15 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(4)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/4/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637101]: Source—1984 Sch.15 Pt.II 1
[^c21637111]: Source—1975 Sch.2 1A; 1984 Sch.5 Pt.I
[^c22783761]: [Sch. 15 para. 24(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2/2A) substituted for para. 24(2) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(a)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/a/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783871]: Words in [Sch. 15 para. 24(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2A) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783781]: Words in [Sch. 15 para. 24(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23821121]: Words in [Sch. 15 para. 24(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3/b/c) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/4)
[^c22783811]: [Sch. 15 para. 24(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/4) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637121]: Source—1984 Sch.15 Pt.II 2-4
[^c22783831]: [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(6)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/6/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783891]: Words in [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783851]: Word in [Sch. 15 para. 27(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/27/1) substituted (except for specified purposes) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(7)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/7/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21636431]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/5) (2)
[^c22783591]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/4/2/3)
[^c23820911]: [Sch. 15 Pt. A1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/part/A1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/2)
[^c23821411]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 345](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/345), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821671]: [Sch. 15B Pt. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/1) (paras. 1-6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/234), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23821711]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821731]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821741]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784011]: [Sch. 15B Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/2) applied (1.5.1995) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 151A(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/151A/6) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3))
[^c23821751]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 235](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/235), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23838611]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) repealed and replaced (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1/c), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23822181]: [Sch. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 103](https://www.legislation.gov.uk/ukpga/1989/26/section/103), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Notes 1, 3
[^c21638151]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) inserted (for accounting periods beginning on or after 1 January 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c23822571]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 55](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/55), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22799861]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (with effect in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22799851]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) repealed (with effect in accordance with s. 87(2)-(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note (the provisions of Sch. 19AB not applying in relation to tax credits in respect of distributions made on or after 6th April 2004)
[^c21638371]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c23822971]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21638581]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) inserted (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 58(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/58/4/a/5), [Sch. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/5)
[^c21638591]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) repealed and superseded (with [Sch. 19](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19) of the amending Act) (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/173/2), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c23822991]: Words in [Sch. 19B para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/a)
[^c23823011]: Words in [Sch. 19B para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/b)
[^c23823631]: Words in [Sch. 19B para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/2/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 236](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/236) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23823031]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/a)
[^c23823051]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/b)
[^c23823071]: [Sch. 19B para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/3/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/c)
[^c23823091]: Words in [Sch. 19B para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/6/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/6)
[^c23823111]: Words in [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(7)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/7)
[^c23823131]: [Sch. 19B para. 16(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/16/2A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(8)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/8)
[^c23823151]: [Sch. 19B para. 22(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/22/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/10)
[^c23823171]: [Sch. 19B para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/18A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(9)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/9)
[^c22776191]: [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/43), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22781711]: Words in [Sch. 21 para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 65](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/65)
[^c22780141]: Words in [Sch. 21 para. 6(1)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/b/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22774581]: [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/2) repealed (with effect in accordance with s. 164(1)(2) of the repealing Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164(4)(5)](https://www.legislation.gov.uk/ukpga/1990/1/section/164/4/5), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c21638971]: Source—[1970 c.10](https://www.legislation.gov.uk/ukpga/1970/10), [Sch.11](https://www.legislation.gov.uk/ukpga/1970/10/schedule/11)
[^c23824201]: [Sch. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23824221]: [Sch. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23826351]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21639191]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c23316941]: Words in [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23317001]: [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/2)
[^c23317431]: Words in [Sch. 24A para. 1(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24A/paragraph/1/3A/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317451]: [Sch. 24 para. 1(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A/b/i) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317491]: Words in [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317511]: Words in [Sch. 24 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317531]: [Sch. 24 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317551]: Words in [Sch. 24 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826371]: Words in [Sch. 24 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23317061]: [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/6) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/3)
[^c23317181]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/4)
[^c23317571]: Words in [Sch. 24 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317591]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319061]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) excluded (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116/3)
[^c23826541]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) restricted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 870(4)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/870/4/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23317241]: [Sch. 24 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/5)
[^c23317611]: Words in [Sch. 24 para. 4(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319081]: [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) modified (29.5.2001 with effect in accordance with reg. 1 of the modifying S.I.) by [The General Insurance Reserves (Tax) Regulations 2001 (S.I. 2001/1757)](https://www.legislation.gov.uk/uksi/2001/1757), [reg. 8(3)](https://www.legislation.gov.uk/uksi/2001/1757/regulation/8/3)
[^c23317281]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/6/a)
[^c23317631]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317651]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317321]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/7)
[^c23317731]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/4), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23316821]: [Sch. 24 para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/4) applied (with modifications) (23.3.1995) by [The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994 (S.I. 1994/3227)](https://www.legislation.gov.uk/uksi/1994/3227), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3227/regulation/1/2), [6](https://www.legislation.gov.uk/uksi/1994/3227/regulation/6)
[^c23317671]: Words in [Sch. 24 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317341]: [Sch. 24 para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/8)
[^c21639461]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) inserted (27.7.1993 with effect as mentioned in s. 96(2) of the amending act in relation to any accounting period on or after such day as may be appointed under [s. 165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 96(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/96/1/2), [165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b)
[^c23316861]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) deemed never to have been inserted, by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/3), [Sch. 29 Pt. 8(18)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/18), Note
[^c23318821]: [Sch. 24 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5) renumbered as para. 5(1) (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318801]: [Sch. 24 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5/2) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318881]: [Sch. 24 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/6) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23317791]: [Sch. 24 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/7) repealed (with effect in accordance with Sch. 3 para. 43(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 43(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/43/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23826381]: Words in [Sch. 24 para. 8(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/8/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23318321]: Words in [Sch. 24 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318471]: Words in [Sch. 24 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317371]: Words in [Sch. 24 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/c) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/9)
[^c23318421]: Words in [Sch. 24 para. 9(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318341]: [Sch. 24 para. 9(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/2/5/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(4)(7)(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/4/7/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318491]: Words in [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318541]: [Sch. 24 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318721]: [Sch. 24 para. 9(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/7) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318741]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317391]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/10)
[^c23318761]: Words in [Sch. 24 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318901]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/a)
[^c23318921]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/b)
[^c23318941]: Words in [Sch. 24 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/2)
[^c23317811]: [Sch. 24 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/22), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826441]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23319101]: Words in cross-heading relating to Sch. 24 para. 11A inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/3/a)
[^c23317891]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/4)
[^c23318981]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319001]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319011]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319031]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319041]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319051]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23826401]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/4), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23318841]: [Sch. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/2)
[^c21639451]: Source-1984 Sch. 16, 1985 Sch. 14 16
[^c23318021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) and cross-heading inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/5)
[^c23318781]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) and cross-heading inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/24); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827181]: [Sch. 25 para. 5(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/1A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/2)
[^c23322261]: Words in [Sch. 25 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/29); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827081]: [Sch. 25 para. 5(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/3) inserted (with effect in accordance with [s. 201(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 201(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/1)
[^c23322851]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/a)
[^c23322871]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/b)
[^c23322891]: [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/3)
[^c23827061]: Word in [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) repealed (retrospective to 27.11.2002 with effect in accordance with s. 200(2)(3) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3), [Sch. 43 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/2)
[^c23826941]: [Sch. 25 para. 6(2A)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/d) and words inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3)
[^c23827101]: Words in [Sch. 25 para. 6(2A)(e)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/e/2C) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23826961]: [Sch. 25 para. 6(2B)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2B/2C) inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/4)
[^c23322911]: Words in [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/6/2)
[^c23322411]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322431]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322951]: [Sch. 25 para. 6(4ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4ZA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/3)
[^c23322521]: [Sch. 25 para. 6(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323001]: [Sch. 25 para. 6(4AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4AA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/5)
[^c23323081]: [Sch. 25 para. 6(4BB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4BB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/7)
[^c23322541]: [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826981]: Words in [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/5)
[^c23322581]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323101]: Words in [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/8)
[^c23323131]: [Sch. 25 para. 6(5ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5ZB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/9)
[^c23322611]: [Sch. 25 para. 6(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323151]: [Sch. 25 para. 6(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5B) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/10)
[^c23827201]: Words in [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/1) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/3)
[^c23322631]: Words in [Sch. 25 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/3) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/31/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827121]: Words in [Sch. 25 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/4/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23827221]: [Sch. 25 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/5/6) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/4)
[^c21639571]: Words in [Sch. 25 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1/a) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c21639581]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c23322651]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/2)
[^c23322671]: Word in [Sch. 25 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/a)
[^c23323191]: Words in [Sch. 25 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/a)
[^c23322691]: [Sch. 25 para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/c) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/3)
[^c23323231]: Word preceding Sch. 25 para. 11(1)(g) repealed (with effect in accordance with Sch. 31 para. 9(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23323381]: [Sch. 25 para. 11(1)(g)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/g) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/2)
[^c23323211]: [Sch. 25 para. 11(1)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/h) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/c)
[^c23323401]: [Sch. 25 para. 11(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1A) inserted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/3)
[^c23322711]: Word in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/b)
[^c23827001]: [Sch. 25 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/a) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/2)
[^c23827021]: [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) and preceding word added (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/3)
[^c23827141]: Words in [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23322731]: Words in [Sch. 25 para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322751]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322771]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827971]: [Sch. 25 Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2) modified (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 17](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/17) (with [Sch. 16 paras. 13-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/13), [18-20](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18))
[^c23827241]: [Sch. 25 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3) (paras. 13-15) repealed (with effect in accordance with Sch. 15 para. 10 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/8/2), [Sch. 27 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/15), Note
[^c23321991]: Words in [Sch. 25 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/a) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/a)
[^c23322011]: Words in [Sch. 25 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/b) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/b)
[^c23322041]: [Sch. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25) heading substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/25); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828051]: [Sch. 25 Pts. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2B) (paras. 12B-12N) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/3)
[^c23828071]: [Sch. 25 Pt. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3A) (paras. 15A-15G) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/8)
[^c23319251]: [Sch. 26 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1/c) and preceding word repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319271]: Words in [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319231]: Words in [Sch. 26 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828091]: [Sch. 26 para. 1(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/cc) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 38(2)
[^c23319211]: Word at the end of Sch. 26 para. 1(3)(d) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23319191]: [Sch. 26 para. 1(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/f) and preceding word inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 53](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/53) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23319291]: [Sch. 26 para. 1(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/4/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/4/5), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639601]: Source—1984 Sch.18.
[^c23319341]: [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 44(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 44(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/44/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 44(4))
[^c23319361]: [Sch. 26 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319381]: Words in [Sch. 26 para. 3(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/b/c) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319411]: Words in [Sch. 26 para. 3(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639621]: Words in [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(62)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/62) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23319441]: Words in [Sch. 26 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319461]: Words in [Sch. 26 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319481]: [Sch. 26 para. 3(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/6A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319501]: [Sch. 26 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319521]: Words in [Sch. 26 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319541]: Words in [Sch. 26 para. 4(2)(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/2/5/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/4/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23831011]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(11)
[^c23835841]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/240), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23838041]: [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/2) repealed by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c23838141]: [Sch. 29 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/4) repealed (with effect in accordance with s. 90 of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Pt. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/5), Note 2
[^c23837361]: [Sch. 29 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/5) repealed by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/48/schedule/8); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816)
[^c23835881]: [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23837371]: [Sch. 29 para. 7(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/7/1/3) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4), Note 9
[^c21639901]: Words in [Sch. 29 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/8) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [13](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/13)
[^c22809691]: Words in [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/3) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639921]: [Sch. 29 para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/4/b) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809701]: [Sch. 29 para. 10(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/7) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639931]: [Sch. 29 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/11) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I) (with [ss. 7(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/7/5), [93(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/93/4)); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [art. 2(1)](https://www.legislation.gov.uk/uksi/1993/2213/article/2/1), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) Appendix
[^c21639941]: [Sch. 29 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/12) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639971]: [Sch. 29 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/14) repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch.1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1) (with [Sch. 3 paras. 2](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/2), [4](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/4))
[^c21639981]: [Sch. 29 para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/15) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639991]: [Sch. 29 para. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/16) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640001]: [Sch. 29 para. 17](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/17) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640011]: [Sch. 29 para. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/18) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640021]: [Sch. 29 para. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/19) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640031]: [Sch. 29 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/20) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640041]: [Sch. 29 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/21) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640051]: [Sch. 29 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/22) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640061]: [Sch. 29 para. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/23) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640071]: [Sch. 29 para. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/24) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640081]: [Sch. 29 para. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/25) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640091]: [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/26) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640101]: [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/27) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640111]: [Sch. 29 para. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/28) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809711]: Entry in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c21642601]: Entry in Sch. 29 para. 32 Table repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 81](https://www.legislation.gov.uk/ukpga/1991/31/section/81), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 1
[^c22809721]: Entries in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 18 para. 17 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21642651]: Entries in Sch. 29 para. 32 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [172](https://www.legislation.gov.uk/ukpga/1992/12/section/172), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21642831]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1) and by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c23835901]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [ss. 406(7)](https://www.legislation.gov.uk/ukpga/2003/21/section/406/7), [411](https://www.legislation.gov.uk/ukpga/2003/21/section/411), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1),(with transitional provisions in Sch. 18); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [art. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/2) (as amended ([8](https://www.legislation.gov.uk/uksi/2003/1900/article/8).[12](https://www.legislation.gov.uk/uksi/2003/1900/article/12).[2003](https://www.legislation.gov.uk/uksi/2003/1900/article/2003)) by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3))); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23835981]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (15.9.2003) by [Enterprise Act 2002 (c. 40)](https://www.legislation.gov.uk/ukpga/2002/40), [s. 279](https://www.legislation.gov.uk/ukpga/2002/40/section/279), [Sch. 26](https://www.legislation.gov.uk/ukpga/2002/40/schedule/26): [S.I. 2003/2093](https://www.legislation.gov.uk/uksi/2003/2093), [art. 2(1)](https://www.legislation.gov.uk/uksi/2003/2093/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/2093/schedule/1) (with [art. 4](https://www.legislation.gov.uk/uksi/2003/2093/article/4))
[^c21643261]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1)
[^c21643301]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c22809731]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809741]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809751]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23836281]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836301]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21818231]: [Sch. 30 para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 1 para. 8(43)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/43)
[^c23377111]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/2/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/3)
[^c22747341]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/2), [Sch. 24 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/1)
[^c22746961]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/2), [Sch. 11](https://www.legislation.gov.uk/ukpga/1997/16/schedule/11)
[^c22746191]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) inserted (with effect in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)
[^c22747251]: [Sch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/2)
[^c22747091]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 58(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/9/part/1)
[^c22747351]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/2), [Sch. 12 Pt. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/1)
[^c22747141]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/2), [Sch. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/10)
[^c22747001]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) inserted (with effect in accordance with [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 139](https://www.legislation.gov.uk/ukpga/1996/8/section/139), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/2)
[^c22747231]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3)
[^c22734791]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/12/paragraph/6/2)
[^c22746341]: [Sch. 15B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B) inserted (with effect in accordance with [s. 71(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15)
[^c22768001]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) inserted (with effect in accordance with [s. 100(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/3), [Sch. 15](https://www.legislation.gov.uk/ukpga/1990/29/schedule/15); [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c23377151]: [Sch. 19B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/3), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)
[^c22747271]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 61](https://www.legislation.gov.uk/ukpga/2000/17/section/61), [Sch. 13 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/27) (with [Sch. 13 paras. 28](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/28), [29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/29))
[^c22746361]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/2), [Sch. 14](https://www.legislation.gov.uk/ukpga/1995/4/schedule/14)
[^c21568171]: [S. 6](https://www.legislation.gov.uk/ukpga/1988/1/section/6) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 1(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/1/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21568181]: Table K Vol.1.*See*—[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(2).1990(C) s.92—*balancing charge on a person liable to corporation tax in respect of dwelling houses let on assured tenancies to be made under* Sch.A.
[^c21568191]: Source—1970 s.238
[^c21568201]: *See* 1988(F) s.148*and* Sch.14 Part V*for repeals which will take place from* 6*April* 1993.
[^c21819241]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with effect in accordance with Sch. 8 Pt. 2(4) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8)
[^c21819261]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 110](https://www.legislation.gov.uk/ukpga/2001/9/section/110), [Sch. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33)
[^c21568221]: *See*—1970(M) s.94—*set off to be disregarded in computing penalty for failure to deliver a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819281]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568231]: Source—1982 s.26(7)
[^c21568241]: Source—1970 s.240(7)
[^c21819291]: Words in [s. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c22720351]: [S. 7(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/5) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23346541]: [S. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 5](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347941]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) excluded (1.9.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z57](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z57) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24))
[^c21568301]: Source—1970 s.243 (1)-(3), (5)-(7); 1974 s.36; 1987(No. 2) s.90(1)(a)
[^c21568311]: [S. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/3): the day appointed for the purposes of s. 8(3) is 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21568321]: [S. 8(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/4) repealed (27.7.1993 with application in relation to resolutions passed after the day on which [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34) is passed) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 205(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/205/7), [206(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.VI](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/VI)
[^c21568361]: Source—1970 s.250
[^c23332731]: [S. 9(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a/b) substituted for words in s. 9(3) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332751]: Words in [s. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333931]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333951]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333871]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333971]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23346571]: Words in [s. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2) renumbered as s. 9(2)(a) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346711]: [S. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2/b) and preceding word inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347211]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347231]: Words in [s. 9(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21568511]: *See*—1970(M) s.94(2)—*set off to be disregarded in computing penalty for failure to make a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819641]: [S. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568521]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (27.7.1993 with effect in accordance with [s. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21568531]: SOURCE-1982 s. 26(7)
[^c21819671]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568541]: SOURCE-1970 s. 247; 1972 s. 107(1)
[^c21568551]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21797311]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4(2)(b)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/b)
[^c21797591]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (SI 1997/1154), {reg. 25(2)}
[^c21797511]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) inserted (with effect as mentioned in [Sch. 24 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/a)
[^c21797531]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) substituted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/b)
[^c21797571]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (19.3.1997) by [S.I. 1995/171](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A) (as inserted by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [reg. 4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c21797611]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4](https://www.legislation.gov.uk/uksi/1997/473/regulation/4) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 154](https://www.legislation.gov.uk/uksi/2001/3629/article/154)); and that modifying reg. 4 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 5](https://www.legislation.gov.uk/uksi/2004/822/regulation/5)
[^c21797631]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/2)
[^c23332921]: [S. 12(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/3/da) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/2)
[^c23332961]: Words in [s. 12(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/4)
[^c23333001]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/6)
[^c23334381]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [79(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/79/2)
[^c23333991]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/2)
[^c21568671]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1991 and subsequent financial years) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/3) [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1994 and subsequent financial years) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3)
[^c21568681]: SOURCE-1972 s. 95; 1973 Sch. 14 2, 4; 1983 (No. 2) s. 2(2); 1987 (No. 2) s. 74(4)
[^c21568691]: 1989 s.105(1)*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “a company resident in the United Kingdom”.
[^c21568701]: *For rates and fractions see* Table K Vol.1.
[^c21568711]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1990) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 23(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/23/2)
[^c21568721]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 22(b)](https://www.legislation.gov.uk/ukpga/1992/48/section/22/b). [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 54(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/54/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1995) by Finance Act 1995 (c. 4,) {s. 38(b)} [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 78(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/78/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 59(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/59/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 28(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/28/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1999) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/29/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 36(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/36/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 55(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/55/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 31(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/31/b)
[^c21568771]: [S. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) amended (27.7.1993 with application as mentioned in s. 78(11) of the Amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21834881]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/a)
[^c21834911]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/b)
[^c21845781]: [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 99(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/99/5) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55)) [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with Sch. 14 para. 10 of the 1997 affecting Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 38D(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/38D/6) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 84](https://www.legislation.gov.uk/ukpga/1997/16/section/84), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1997/16/schedule/14/paragraph/2))
[^c21835911]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/2)
[^c21842921]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/3)
[^c21845791]: Words in [s. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) (7) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(2), Sch. 8 Pt. 2(11) Note
[^c21847281]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(3), Sch. 8 Pt. 2(11) Note
[^c21847351]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) substituted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/2)
[^c21847421]: [S. 13(8AA)(8AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA/8AB) inserted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/3)
[^c22720361]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/b)
[^c21847461]: [S. 13(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/9) repealed (with effect in accordance with Sch. 20 Pt. 3(2) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/2)
[^c23334421]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/10)
[^c21853121]: Words in [s. 13(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/a) repealed (with application in accordance with s. 86(6) and Sch. 33 Pt. 2(11) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/a), [Sch. 33 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/11)
[^c21853141]: Words in [s. 13(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/b) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/b)
[^c21853161]: [S. 13(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7A) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/3)
[^c21853181]: [S. 13(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/4)
[^c23334071]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/b)
[^c23334031]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/a)
[^c23347441]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) applied (1.1.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B(3)(a)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14B/3/a) (as inserted by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11) (with [regs. 30](https://www.legislation.gov.uk/uksi/2008/3159/regulation/30), [31](https://www.legislation.gov.uk/uksi/2008/3159/regulation/31)))
[^c23334441]: Words in [s. 13A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/1) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/3), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568881]: SOURCE-1972 s. 84(4)
[^c21568891]: *For rates see* Table J Vol.1.
[^c21568931]: *See* 1980 s.117*and* Sch.18—*demergers.*
[^c21827291]: [S. 14(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/14/1/3) repealed (with effect as mentioned in Sch. 3 para. 8(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/8/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2) Note
[^c21828901]: [Ss. 15-17](https://www.legislation.gov.uk/ukpga/1988/1/section/15): Schs. A-C excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21568981]: SOURCE-1970(1)–(3)
[^c21568991]: *See*—1970(M) s.19—*information for purposes of* Sch.A*and associated* Sch.D*charges.*1990(C ) s.9(5)—*manner of making allowances and charges.*1990(C) s.67(3)—*allowances in respect of leased assets employed for thermal insulation.*1990(C) s.92—*allowances in respect of dwelling houses let on assured tenancies.*
[^c21569021]: [S. 51(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/3) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part V](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 1
[^c22720711]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/1) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720721]: [S. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720741]: [S. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/2) repealed (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4)
[^c22720771]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) repealed (with effect in accordance with s. 79(3) of, and Sch. 23 to, the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^c22720751]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/1/b), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22720781]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 1(4)(b) repealed (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(2)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/2), [Sch. 13 Pt. 1](https://www.legislation.gov.uk/asp/2000/5/schedule/13/part/1); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23334701]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(3)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/3/4)
[^c23347461]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (6.4.2008) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/3) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I.2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23334081]: Words in [s. 15(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334101]: Words in [s. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334121]: [S. 15(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334141]: Words in [s. 15(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569121]: SOURCE-1970 s. 108(1)
[^c21569131]: *See, as regards exemption, the following provisions of this Act:*—s.320—*Commonwealth Agents—General and official agents etc.*[s.322](https://www.legislation.gov.uk/ukpga/1988/1/section/322)—*certain consular officers and employees.*[s.323](https://www.legislation.gov.uk/ukpga/1988/1/section/323)—*visiting forces and staffs of allied headquarters.*[s.325](https://www.legislation.gov.uk/ukpga/1988/1/section/325)—*certain savings bank interest.*[s.326](https://www.legislation.gov.uk/ukpga/1988/1/section/326)—*sums payable under certified contractual saving schemes.*[s.327](https://www.legislation.gov.uk/ukpga/1988/1/section/327)—*interest on damages for personal injuries.*[s.328](https://www.legislation.gov.uk/ukpga/1988/1/section/328)—*funds in court.*[s.330](https://www.legislation.gov.uk/ukpga/1988/1/section/330)—*German annuities in compensation for National Socialist persecution.*[s.438](https://www.legislation.gov.uk/ukpga/1988/1/section/438)—*annuity funds of insurance companies doing pension business.*[s.459](https://www.legislation.gov.uk/ukpga/1988/1/section/459)*to* 461—*certain friendly societies.*[s.467](https://www.legislation.gov.uk/ukpga/1988/1/section/467)—*certain trade unions*[s.476](https://www.legislation.gov.uk/ukpga/1988/1/section/476)—*certain dividends and interest payable by building societies* (*Repealed by* 1990 s.30*and* Sch.5 para.2*for* 1991-92*and subsequent years.*).s.484—*savings banks.*[s.505](https://www.legislation.gov.uk/ukpga/1988/1/section/505)*and* 506—*charities.*[s.507](https://www.legislation.gov.uk/ukpga/1988/1/section/507)—*British Museum.*[s.508](https://www.legislation.gov.uk/ukpga/1988/1/section/508)—*scientific research associations.*[s.510](https://www.legislation.gov.uk/ukpga/1988/1/section/510)—*agricultural societies.*[s.514](https://www.legislation.gov.uk/ukpga/1988/1/section/514)—*funds for reducing National Debt.*[s.517](https://www.legislation.gov.uk/ukpga/1988/1/section/517)—*issue departments of Reserve Bank of India and State Bank of Pakistan.*[s.519](https://www.legislation.gov.uk/ukpga/1988/1/section/519)—*local authorities.*[s.578](https://www.legislation.gov.uk/ukpga/1988/1/section/578)—*housing grants.*[s.581](https://www.legislation.gov.uk/ukpga/1988/1/section/581)—*interest on certain local authority borrowing in foreign currency.*[s.613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4)—*Parliamentary pension funds.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)—*national insurance supplementary schemes etc; and certain Indian family pension funds.*[s.614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3)—*certain pension funds for Crown service abroad.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)*and* 615—*certain pension funds for overseas employees.*[s.620(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/5)*and* (6)—*approved retirement annuity trust schemes.*[s.656](https://www.legislation.gov.uk/ukpga/1988/1/section/656)*and* 657—*certain purchased life annuities.*[s.688](https://www.legislation.gov.uk/ukpga/1988/1/section/688)—*certain interest received by trustees of schemes for directors and employees to acquire shares.* *See also*—1989 s.43*for periods of account ending after* 5*April* 1989*involving emoluments.*Income Tax (Repayment of Post-War Credits) Act 1959 s.2(4) (*see* Part II Vol.5)—*interest on post-war credits.*[Diplomatic Privileges Act 1964 (c.81)](https://www.legislation.gov.uk/ukpga/1964/81).[Commonwealth Secretariat Act 1966 (c.10)](https://www.legislation.gov.uk/ukpga/1966/10), [s.1(2)](https://www.legislation.gov.uk/ukpga/1966/10/section/1/2)*and* Sch. Part I para.3—*the Commonwealth Secretariat.*[International Organisations Act 1968 (c.48)](https://www.legislation.gov.uk/ukpga/1968/48)—*certain international organisations and persons connected therewith.*Double taxation agreements (listed in Part III Vol.5)*in force under* ss.788-799*of this Act as to certain persons resident abroad.*
[^c21569141]: *See* 1970(M) Part VIII*as to charges on non-residents.*
[^c21569161]: SOURCE-1970 s. 109(1), (2)
[^c21569171]: *See*—1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefits in return.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (*in* Part III Vol.5) regn.8—*computation of profits and gains in respect of payments attributable to non-resident entertainers and sportsmen.*
[^c21569181]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.S.I. [1986 No. 1948](https://www.legislation.gov.uk/ukcm/1986/1948) (*in* Part III Vol.5) regn.8(2)(d)—*interest on cash deposits which are plan investments under personal equity plans.*1990 s.56*and* Sch.10 para.12(4)—*treatment of chargeable events in relation to convertible securities.*[Housing Act 1957 (c.56)](https://www.legislation.gov.uk/ukpga/1957/56) Sch.8 para.4*and* [Housing (Scotland) Act 1966 (c.49)](https://www.legislation.gov.uk/ukpga/1966/49) Sch.7 para.4—*interest on certain small holdings of housing bonds.*[Housing Subsidies Act 1967 (c.29)](https://www.legislation.gov.uk/ukpga/1967/29) s.24(2)(c) (*reproduced in* Part II Vol.5)—*payment received by lender from Minister in respect of subsidised loan.*
[^c21569191]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.1990 s.56*and* Sch.10 paras.12(4)*and* 20—*treatment of chargeable events in relation to income received in the U.K. from convertible securities.*
[^c21569201]: *See also*—1990 ss.9(5)*and* 15—*certain balancing charges on lessors and others in respect of industrial buildings, machinery, etc.*1970(M) s.30—*recovery of overpayment of tax, etc.*1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefit in return.*1989 ss.68, 71—*charge on certain profits or gains of employee share ownership trusts.*1990(C) s.92(2)—*balancing charge in respect of dwelling houses let on assured tenancies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1956 No.1230](https://www.legislation.gov.uk/ukcm/1956/1230) (*in* Part III Vol. 5) regns. 4*and* 15—*additional liabilities in respect of purchased life annuities in certain contingencies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1989 No.469](https://www.legislation.gov.uk/ukcm/1989/469) (*in* Part III Vol. 5) regn.22(3)—*assessments to recover tax in respect of income under personal equity plans.*
[^c21569211]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I extended (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/a/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I restricted (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/b/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case 1 extended (with application in accordance with s. 219(4) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/a) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I modified (29.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/19) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II, VI extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/4) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II restricted (with application in accordance with s. 42(3) of the restricting Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 42(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/1/2) (with [s. 42(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/4/5)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, III, V modified (with effect in accordance with s. 117(4)(5) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 84](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/84) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, VI restricted (with application in accordance with s. 46(7) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 46(1)-(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/46/1)
[^c21792421]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases II-VI excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21569221]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (16.7.1992 with effect in relation to chargeable periods ending after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [Sch. 12 paras. 1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/1), [3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7). [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (27.7.1993 with effect as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 130(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/130/2/4), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI restricted (27.7.1993) by [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 paras. 19(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/19/2), [20(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/20/2) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with application in accordance with Sch. 20 para. 11(1)(2) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218), [Sch. 20 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/11/3) (with [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 117(4)(5) of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 52(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/52/4) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 579 of the extending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 256(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/256/2/b/4) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c21569241]: SOURCE-1970 ss. 108(3), 109(3)
[^c21792911]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D excluded (with effect in accordance with s. 39(4)(5) of the excluding Act) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 588(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24))
[^c21792731]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case I inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/2)
[^c21792851]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III extended (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 157(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/7) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III applied (with effect as mentioned in s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/4), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III modified (with effect as mentioned in s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/5), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases III, IV extended (with effect in accordance with s. 105(1) of the extending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/1/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21792961]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/1) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21792981]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case III para. (c) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/a) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793061]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case IV repealed (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/b), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c21794021]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case V extended (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/3) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21793001]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/c) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793081]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A) inserted (with effect as mentioned in [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21793021]: [S. 18(3B)-(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3B) inserted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793041]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/4) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23332821]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332831]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case V substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332841]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333121]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) inserted (with effect in accordance with [s. 97(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/97/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 105(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/105/4) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23334181]: [S. 18(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334201]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334221]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357441]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A): Sch. D Case III para. (c) repealed (with effect in accordance with Sch. 7 para. 12(9)(13) of the repealing Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 12(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/12/9), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21569491]: SOURCE-1970 s. 90(1); 1972 s. 81(3)
[^c21569501]: SOURCE-1970 s. 90(2)
[^c21569511]: SOURCE-1970 s. 90(2A), (2B); 1972 s. 81(4)
[^c21569521]: SOURCE-1970 s. 90(3)
[^c21569531]: SOURCE-1970 s. 71(2)
[^c21819701]: Words in [s. 24(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 Para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/1)
[^c21819721]: [S. 24(6)(c)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/6/c/7) and word preceding s. 24(6)(c) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21856561]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21856571]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21856601]: [S. 21A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/5) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/3), [Sch. 23 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/1)
[^c23348091]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348111]: Words in [S. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348131]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23351541]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/2)
[^c23351741]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (6.4.2008) by the [Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/2) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23348191]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23348351]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348171]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284](https://www.legislation.gov.uk/ukpga/2004/12/section/284), [Sch. 35 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23348371]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348391]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348411]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(a)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/a/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349101]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351561]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/102/3)
[^c23349121]: Word in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349141]: Words in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805301]: [S. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/7)
[^c21569731]: SOURCE-1970 s. 76
[^c21569741]: *See* 1979(C) s.34(4)(b)—*restriction, by reference to capital allowances, of capital losses for purpose of capital gains.*
[^c21805311]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/11) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349161]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349181]: Words in [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2/a) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349201]: [S. 30(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569961]: *See* 1976(D) s.34*and* Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part. X*with effect from* 19*March* 1985.
[^c21569971]: SOURCE-1970 s. 80(1), (2)
[^c21569981]: SOURCE-1970 s. 80(2); 1987 Sch. 15 para. 13
[^c21569991]: SOURCE-1970 s. 80(3), (4)
[^c21570001]: SOURCE-1970 s. 80(5)
[^c21570011]: SOURCE-1970 s. 80(6), (7); 1972 s. 81(1)
[^c21570021]: *See* 1979(C) s.106*and* Sch.3 paras.5*and* 7—*exclusion of amounts taxed under this section in computing capital gains.*
[^c21794731]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/9)
[^c21794711]: [S. 34(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/9) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 08(01)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/08/01), Note
[^c21794841]: Words in [s. 34(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/1) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/2)
[^c21794761]: Words in [s. 34(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/3), (with Sch. 5 para. 73)
[^c21794861]: Words in [s. 34(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/a)
[^c21794881]: Words in [s. 34(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/b)
[^c21794901]: Words in [s. 34(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/a)
[^c21794921]: Words in [s. 34(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/b)
[^c21794781]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/4), (with Sch. 5 para. 73)
[^c21794801]: [S. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/5), (with Sch. 5 para. 73)
[^c21794821]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/6), (with Sch. 5 para. 73)
[^c23349221]: Words in [s. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) (1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349331]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349351]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349371]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349391]: Word in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349411]: Word in [s. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349431]: Word in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349531]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349551]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570031]: *See* 1979(C) s.106*and* Sch.3 para.6(2)—1979(C) s.31 (*exclusion from capital gains computation of sums charged to income tax or corporation tax*)*not to apply to amounts on which tax paid under* s.35.
[^c21797731]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/1) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/1)
[^c21570041]: SOURCE-1970 s. 81(1)
[^c21797691]: [S. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/10)
[^c21570051]: SOURCE-1970 s. 81(2)
[^c21797771]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/3), (with Sch. 5 para. 73)
[^c21797791]: [S. 35(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/4), (with Sch. 5 para. 73)
[^c23349571]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349591]: Words in [s. 35(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349611]: Words in [s. 35(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805371]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24)
[^c21570061]: *See* 1976(D) Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21805381]: [S. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/11)
[^c21570071]: SOURCE-1970 s. 82(1), (2)
[^c21570081]: *See* 1979(C) s.106*and* Sch.3 para.6(3)—*effect of claim under* s.36(2)(b)*on computation of capital gains.*
[^c21570091]: SOURCE-1970 S. 82(3)
[^c21570101]: *See* 1979(C) s.106*and* Sch.3 para.5(3)—*deduction of amounts chargeable under* s.36*in computing capital gains.*
[^c21570111]: SOURCE-1970 s. 82(1), (3)
[^c21805411]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805431]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805451]: [S. 36(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/4B) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/4) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349631]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349661]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349681]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349701]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349721]: Words in [s. 36(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349741]: Words in [s. 36(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21799401]: [S. 37](https://www.legislation.gov.uk/ukpga/1988/1/section/37) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/12)
[^c21570121]: SOURCE-1970 s. 83(1); 1978 s. 32(2)
[^c21570161]: *See* 1979(C) s.106*and* Sch.3 para.6(1)—*allowance under this subsection to be deducted from any loss on disposal of lease.*
[^c21570171]: SOURCE-1970 s. 83(2)
[^c21570181]: SOURCE-1970 s. 83(3)
[^c21570191]: SOURCE-1970 s. 83(4)
[^c21570201]: SOURCE-1970 s. 83(5)
[^c21570211]: *See* 1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21570221]: SOURCE-1970 s. 83(7)
[^c21799441]: [S. 37(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/2), (with Sch. 5 para. 73)
[^c21570151]: 1990 s.89*and* Sch.14 para.2 (*correction of errors*)—*deemed always to have had effect. Previously* “subsection (2) below”, “this subsection” *and* “the amount of that tax” *respectively.*
[^c21799461]: Words in [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/a), (with Sch. 5 para. 73)
[^c21799481]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/b), (with Sch. 5 para. 73)
[^c21799501]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/a), (with Sch. 5 para. 73)
[^c21799521]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/b), (with Sch. 5 para. 73)
[^c21799541]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/5), (with Sch. 5 para. 73)
[^c23348441]: Word in [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349761]: [S. 37(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349781]: Words in [s. 37(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349801]: Word in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349821]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349841]: Word in [S. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349861]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349871]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349891]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349911]: [S. 37(7)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/7/b/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349931]: Words in [s. 37(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349951]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349971]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349991]: [S. 37(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570231]: SOURCE-1970 S. 84(1)(b)–(d); 1972 s. 81(2)(a), (b)
[^c21570241]: [S. 38(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1/a/4) excluded (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 5(4)(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/5/4/6), [6(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7).
[^c21570251]: SOURCE-1970 s. 84(2); 1972 s. 81(2)(c)
[^c21570271]: SOURCE-1970 s. 84(3A); 1972 s. 81(5)
[^c21570281]: SOURCE-1970 s. 84(3); 1972 s. 81(2)(d)
[^c21570291]: *See* 1990(C) s.11(4)—*rules applied in connection with leases for industrial buildings and structures.*
[^c21570301]: SOURCE-1970 s. 84(4)
[^c21799581]: [S. 38(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1)(6) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 291(3)](https://www.legislation.gov.uk/ukpga/2001/2/section/291/3)
[^c21799561]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (with effect as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/2)
[^c23350031]: Words in [s. 38(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350051]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570311]: SOURCE-1970 s. 85(1)
[^c21570321]: *Repealed by* 1988(F) ss.75, 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21570331]: SOURCE-1970 s. 86
[^c21805531]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/2), (with Sch. 5 para. 73)
[^c21805551]: Words in [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/3), (with Sch. 5 para. 73)
[^c21805571]: [S. 40(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/4A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/4), (with Sch. 5 para. 73)
[^c21805591]: [S. 40(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/5) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(f)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/f); and s. 40(5) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/5), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350071]: Word in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350091]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350111]: Word in [s. 40(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350131]: Word in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350151]: Words in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (3.11.2004 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Deductions for Expenditure etc.) Regulations 2004 (S.I. 2004/2664)](https://www.legislation.gov.uk/uksi/2004/2664), [reg. 4](https://www.legislation.gov.uk/uksi/2004/2664/regulation/4)
[^c21570361]: SOURCE- 1972 s. 82
[^c23351701]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (6.12.2007 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Income Tax) Regulations 2007 (S.I. 2007/3278)](https://www.legislation.gov.uk/uksi/2007/3278), [reg. 7](https://www.legislation.gov.uk/uksi/2007/3278/regulation/7)
[^c23350171]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) renumbered as s. 42(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350191]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350211]: [S. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570411]: *And see, as regards Ulster Savings Certificates,* Part III Vol.5.
[^c21570421]: SOURCE-1981 S. 34(1)
[^c21570431]: SOURCE-1970 s. 98
[^c21570441]: SOURCE-1981 s. 34(2)–(5); 1979 (C) s. 71(2)(a)
[^c21570451]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570461]: [1958 c.6](https://www.legislation.gov.uk/ukpga/1958/6).
[^c21570471]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c21570481]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c23353721]: Word in [s. 46(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353741]: Words in [s. 46(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353761]: Words in [s. 46(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353801]: [S. 46(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570681]: SOURCE-1970 s. 110(1), (2)
[^c21570691]: SOURCE-1970 s. 110(3)
[^c21570701]: 1988(F) Sch.6 para.6(7),*into force on* 6*April* 1988*subject to certain provisos. Previously* “(4) Subsection (3) above shall not affect the taxation of woodlands which are managed on a commercial basis and with a view to the realisation of profits”.
[^c21852211]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21852231]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357971]: Word in [s. 53(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357991]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358011]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358031]: Words in [s. 53(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852241]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358051]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/33) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570911]: *See* s.608—*exemption for certain superannuation funds.*
[^c21570951]: SOURCE-1973 s. 26(3); 1974 s. 30(2)
[^c21832991]: Word in [s. 56(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4) substituted (with effect in accordance with s. 164(5)(6) of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 164(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/4)
[^c23358091]: Words in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376721]: Words in [s. 56(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23359501]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358241]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359521]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571531]: SOURCE-1970 s. 129(1)
[^c21571541]: SOURCE-1970 s. 129(4)
[^c21571551]: SOURCE-1970 s. 129(5)
[^c21861051]: [S. 70](https://www.legislation.gov.uk/ukpga/1988/1/section/70) excluded (with application in accordance with s. 65(1)(3)(4) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 65(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/65/2/a)
[^c21833081]: Words in [s. 70(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21858921]: Words in [S. 70A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [580](https://www.legislation.gov.uk/ukpga/2001/2/section/580), [Sch. 2 para. 14](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/14), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21571571]: *See* S.I. [1987 No. 530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol. 5) regn. 16—*payments attributable to non-resident entertainers and sportsmen.*
[^c21571581]: SOURCE-1970 ss. 127(1), 129(2)
[^c21571591]: SOURCE-1970 s. 127(2), 527(4)
[^c21827611]: Word in [s. 72(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 121](https://www.legislation.gov.uk/ukpga/1995/4/section/121)
[^c23359661]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358451]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571611]: *See*—1979(C) s.122—*election to take capital gain or loss into account when asset appropriated to stock in trade.*1989 ss.67-74—*employee share ownership trusts.*[Banking Act 1987 (c.22)](https://www.legislation.gov.uk/ukpga/1987/22) s.66—*contributions to the Deposit Protection Fund.*
[^c21571621]: SOURCE-1970 s. 130(a)–(m); 1987 Sch. 15para. 2(9)
[^c21571631]: *See* 1989 ss.112-113—*expenditure on security on or after* 6*April* 1989.
[^c21571661]: SOURCE-1970 s. 130(n), (o)
[^c21826011]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/159/4) (with [Sch. 18 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/3), [2(3)(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/2/3/4), [3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/3/3))
[^c21826031]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) renumbered as s. 74(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/2)
[^c21826061]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) substituted (with effect in accordance with [s. 144(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/1)
[^c21826101]: [S. 74(1)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/o) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/1)
[^c21826051]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9) {s. 144(2)}
[^c21833101]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 105(1) of the excluding Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 82(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/82/7) (with [ss. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [99](https://www.legislation.gov.uk/ukpga/1996/8/section/99), [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21847301]: [S. 74(1)(q)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/q) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21861071]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 Para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/14/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21852371]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853971]: [S. 74(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/a) extended (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/3177/regulation/5)
[^c21861091]: [S. 74(1)(m)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m/p) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c21852381]: Words in [s. 74(1)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23356371]: [S. 74(1)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/n) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23359681]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359701]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359721]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358481]: [S. 74(1)(b)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/b/o) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(d)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/d/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369191]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369211]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21860671]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 27](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/27) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23356411]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) substituted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(1)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/1/5)
[^c23376271]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/3), [199(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/b), [200(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/b), [246(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/b/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23356431]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/5)
[^c23385501]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24A(4)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24A/4/b) (as inserted (1.1.2009 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [27](https://www.legislation.gov.uk/uksi/2008/3159/regulation/27))
[^c23384551]: [S. 75(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/2A) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/2)
[^c23384581]: [S. 75(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/5A) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/3)
[^c23384601]: [S. 75(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/11) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/4)
[^c23356491]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) substituted (with effect in accordance with ss. 42, 44 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 40](https://www.legislation.gov.uk/ukpga/2004/12/section/40)
[^c23369731]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2005/2014/regulation/5) (as amended: (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2007/2134/regulation/5); (12.8.2008 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2008/1937/regulation/3))
[^c23376461]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/4), [199(2)(c)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/c/5), [246(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23376531]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 200(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/c), [246(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23369711]: Word in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) repealed (with effect in accordance with Sch. 11 Pt. 2(10) Note 1 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10)
[^c23369571]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) inserted (with effect in accordance with [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/2)
[^c23376701]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [3](https://www.legislation.gov.uk/uksi/2006/3270/article/3)
[^c23384621]: Words in [s. 76(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/1/b) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/2) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377811]: Words in [s. 76(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/1) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/2), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377991]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7): entries in Step 3 repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23384731]: Words in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 5 substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/3/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23384761]: Words in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 5 substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23384641]: Word in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 8 substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/3/a) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377871]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Steps 9, 10 repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/3/b), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23377911]: [S. 76(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/10/11) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/4), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23384661]: Words in [s. 76(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/12/a) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/5/a) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23384681]: Words in [s. 76(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/12) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/5/b) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23384701]: [S. 76(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/13) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/6) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377831]: [S. 76(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/14) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377851]: [S. 76(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/15): definition of "capital redemption business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377941]: Words in [s. 76(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/15) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23358511]: [S.77](https://www.legislation.gov.uk/ukpga/1988/1/section/77) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/47), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21834651]: [S. 78](https://www.legislation.gov.uk/ukpga/1988/1/section/78) repealed with saving (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/10), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21572171]: SOURCE-1982 s. 48(1)–(4)
[^c21572181]: SOURCE-1982 s. 48(5)
[^c21572191]: SOURCE-1982 s. 48(6)–(9)
[^c21856471]: [S. 79](https://www.legislation.gov.uk/ukpga/1988/1/section/79): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21856481]: [S. 79(4)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/4/8): functions transferred (1.7.1999) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750)](https://www.legislation.gov.uk/uksi/1999/1750), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/1750/article/1/1), [2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1) (with [art. 7](https://www.legislation.gov.uk/uksi/1999/1750/article/7))
[^c21852411]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858671]: Words in [s. 79(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/11) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23356861]: Words in [s. 79(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23356901]: [S. 79(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23359841]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359861]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359891]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359911]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359931]: Words in [s. 79(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359951]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359971]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360001]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360021]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360041]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360071]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572211]: 1990 s.76.
[^c21826241]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826261]: Word in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826281]: [S. 79A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/4)
[^c21826321]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/5)
[^c21852421]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858701]: Words in [s. 79A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c21858691]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23359591]: Words in [s. 79A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 3(2)
[^c23359601]: [S. 79A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360091]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360111]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360141]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360161]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360181]: Words in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360221]: Words in [s. 79A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360241]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360271]: Words in [s. 79A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360291]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360311]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360341]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358531]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358551]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358561]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572251]: SOURCE-1970 s. 132
[^c21572261]: [Sch.7 para.36(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/2) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)—*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)*Previously* “the extension of the period of copyright in a design”.
[^c21827491]: [S. 83(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/a) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21827471]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) repealed (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 5](https://www.legislation.gov.uk/ukpga/1994/26/schedule/5); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21852461]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23360671]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/56) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572291]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/68/1/2)
[^c21856451]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21834661]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/2)
[^c21834681]: [S. 84(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A/3B) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/3)
[^c21859171]: Words in [s. 84(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/1/a)
[^c21859141]: [S. 84(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by Capital Allowances Act 2001 (c, 2), Sch. 2 para. 17(1)(b)(3), {Sch. 4}
[^c21859211]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/a)
[^c21859231]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/b)
[^c21859251]: Words in [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/4)
[^c23360931]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360951]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360971]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360991]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361011]: [S. 84(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A): by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/4) it is provided that "In subsection (3A) for "above is--" to the end substitute "the period of two years beginning at the end of the accounting period in which the gift is made."" (in force 6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/883/1) of the amending Act) (with Sch. 2)
[^c23358571]: [S. 84(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361031]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361051]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361081]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361101]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361131]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572311]: SOURCE-1978 s. 60
[^c21858731]: [S. 85](https://www.legislation.gov.uk/ukpga/1988/1/section/85) amended (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 50](https://www.legislation.gov.uk/ukpga/2000/17/section/50)
[^c21852481]: Words in [s. 85(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357011]: [S. 85(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/b/c) substituted for s. 85(1)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 5(2)
[^c21572331]: SOURCE-1983 s. 28; 1984 s. 33; 1987 s. 34
[^c21856741]: Words in [s. 86(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3) repealed (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(2)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/2/5), [Sch. 20 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/14), Note
[^c21856761]: [S. 86(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3/a) substituted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/3)
[^c21856781]: [S. 86(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/4) inserted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/4)
[^c23357131]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(2)
[^c23357151]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): definition of "deductible" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(3)
[^c23361171]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361191]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361211]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): words in definition of "deductible" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572371]: *See*—1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*from* 19*March* 1985.1990(C) s.111—*reduction of qualifying expenditure for premium relief.*
[^c21827511]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S. I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21572381]: SOURCE-1970 s. 134(1); 1978 s. 32
[^c21572391]: SOURCE-1970 s. 134(2), (3); 1978 s. 32
[^c21572401]: SOURCE-1970 s. 134(4)
[^c21572411]: SOURCE-1970 s. 134(4)(a)
[^c21572421]: SOURCE-1970 s. 134(4)(b)
[^c21572431]: SOURCE-1970 s. 134(5), (6); 1986 Sch. 13 para. 26
[^c21572451]: *Words repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21572461]: SOURCE-1970 s. 134(1)(i), (ii)
[^c21832891]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/2)
[^c21847131]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c21827711]: [S. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) modified (with effect in accordance with s. 39(4)(5) of the modifying act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/14/1)
[^c21853591]: [S. 87(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/a/b) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/34) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21852521]: Words in [s. 87(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853581]: [S. 87(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/10) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21859271]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 18](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/18)
[^c23361271]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358591]: Word at the end of s. 87(1)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361291]: [S. 87(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361311]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361331]: Words in [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361351]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361381]: Words in [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361401]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361421]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361441]: Word in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361461]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361481]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361501]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361531]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361571]: Word in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361591]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361611]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361631]: Word in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361651]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361691]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361721]: Words in [s. 87(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361741]: [S. 87(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361761]: [S. 87(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572471]: SOURCE-1972 s. 124(1)
[^c21572481]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21852541]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357191]: [S. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 9(2)
[^c23361801]: Words in [s. 88](https://www.legislation.gov.uk/ukpga/1988/1/section/88) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361821]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361841]: Words in [s. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416311]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834711]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416321]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834721]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416331]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834741]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23361861]: [S. 89](https://www.legislation.gov.uk/ukpga/1988/1/section/89) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/65) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369401]: Words in [s. 89(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/3) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/a)
[^c23369421]: [S. 89(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/4/5) added (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/b)
[^c23357211]: [S. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(2)
[^c23357241]: [S. 90(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(3)
[^c23361881]: Words in [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361901]: Words in [s. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361931]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358611]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572521]: SOURCE-1970 s. 141(1)
[^c21572531]: SOURCE-1970 s. 141(2)
[^c21572541]: SOURCE-1970 s. 141(3)–(8)
[^c21572551]: [1952 c. 33](https://www.legislation.gov.uk/ukpga/1952/33).
[^c21852581]: Words in [s. 91(1)(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/4/a/i) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859291]: [S. 91(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 19](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/19)
[^c23363401]: Words in [s. 91(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363421]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363731]: Words in [s. 91(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364111]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364131]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364151]: Words in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364171]: Word in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364191]: Words in [s. 91(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364211]: Words in [s. 91(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364231]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364251]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364271]: [S. 91(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572731]: [Ss. 91A](https://www.legislation.gov.uk/ukpga/1988/1/section/91A), [91B](https://www.legislation.gov.uk/ukpga/1988/1/section/91B) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 78](https://www.legislation.gov.uk/ukpga/1990/29/section/78).
[^c21572741]: Words in [s. 91A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/4/b) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(a)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/a); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572751]: [1974 c. 40](https://www.legislation.gov.uk/ukpga/1974/40).
[^c21572761]: [S.I. 1978/1049 (N.I.19)](https://www.legislation.gov.uk/nisi/1978/1049).
[^c21572771]: [S. 91A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/c) and the word “or” immediately preceding it inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/1/3)
[^c21572781]: [1960 c. 34](https://www.legislation.gov.uk/ukpga/1960/34).
[^c21572791]: [1993 c. 12](https://www.legislation.gov.uk/ukpga/1993/12).
[^c21572801]: [1965 c. 57](https://www.legislation.gov.uk/ukpga/1965/57).
[^c21572811]: [S. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(b)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/b); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572821]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c21572841]: [1991 c. 34](https://www.legislation.gov.uk/ukpga/1991/34).
[^c21847761]: Words in [s. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (S.) (27.5.1997) by [Planning (Consequential Provisions) (Scotland) Act 1997 (c. 11)](https://www.legislation.gov.uk/ukpga/1997/11), [s. 6(2)](https://www.legislation.gov.uk/ukpga/1997/11/section/6/2), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/1997/11/schedule/2/paragraph/41)
[^c21852601]: Words in [s. 91A(2)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858821]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (E.W.) (1.8.2000) by [The Pollution Prevention and Control (England and Wales) Regulations 2000 (S.I. 2000/1973)](https://www.legislation.gov.uk/uksi/2000/1973), [Sch. 10 para. 1](https://www.legislation.gov.uk/uksi/2000/1973/schedule/10/paragraph/1) (with [reg. 5](https://www.legislation.gov.uk/uksi/2000/1973/regulation/5))
[^c21858841]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (S.) (28.9.2000) by [The Pollution Prevention and Control (Scotland) Regulations 2000 (S.S.I. 2000/323)](https://www.legislation.gov.uk/ssi/2000/323), [Sch. 10 para. 2](https://www.legislation.gov.uk/ssi/2000/323/schedule/10/paragraph/2) (with [reg. 34](https://www.legislation.gov.uk/ssi/2000/323/regulation/34))
[^c21861161]: [S. 91A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/8) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23354891]: Words in [s. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (31.3.2003) by [The Pollution Prevention and Control Regulations (Northern Ireland) 2003 (S.R. 2003/46)](https://www.legislation.gov.uk/nisr/2003/46), [reg. 1](https://www.legislation.gov.uk/nisr/2003/46/regulation/1), [Sch. 11 para. 3](https://www.legislation.gov.uk/nisr/2003/46/schedule/11/paragraph/3)
[^c23364291]: Word in [s. 91A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358631]: Words in [s. 91A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572861]: [S. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/2/3)
[^c21852621]: Words in [s. 91B(2)(5)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2/5/a/6/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861191]: [S. 91B(11)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/11/e) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23364311]: Words in [s. 91B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358651]: Words in [s. 91B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364341]: Word in [s. 91B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364361]: Words in [s. 91B(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364381]: Words in [s. 91B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364401]: Words in [s. 91B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364421]: Words in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364451]: Word in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572301]: [S. 84A](https://www.legislation.gov.uk/ukpga/1988/1/section/84A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 42](https://www.legislation.gov.uk/ukpga/1991/31/section/42)
[^c21852471]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354591]: [S. 84A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354611]: Words in [s. 84A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23356941]: [S. 84A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/b/c) substituted for s. 84A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(2)
[^c23356961]: Words in [s. 84A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(3)
[^c23356981]: [S. 84A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3ZA) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(4)
[^c23361151]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/59) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572321]: [S. 85A](https://www.legislation.gov.uk/ukpga/1988/1/section/85A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 43](https://www.legislation.gov.uk/ukpga/1991/31/section/43)
[^c21852491]: Words in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/10)
[^c23357031]: Word in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(a)
[^c23357051]: [S. 85A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/b/c) substituted for s. 85A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(b)
[^c23357071]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(3)
[^c23357111]: [S. 85A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(4)
[^c21572361]: [S. 86A](https://www.legislation.gov.uk/ukpga/1988/1/section/86A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.69](https://www.legislation.gov.uk/ukpga/1993/34/section/69)
[^c21852511]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354651]: Words in [s. 86A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354671]: Words in [s. 86A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354691]: [S. 86A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23357171]: [S. 86A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 8(2)
[^c23361231]: Words in [s. 86A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361251]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852651]: Word in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859561]: Words in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 20](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/20)
[^c23364511]: Word in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364531]: Words in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861141]: [S. 83A](https://www.legislation.gov.uk/ukpga/1988/1/section/83A) modified (with effect in accordance with s. 58(4) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/a)
[^c21859081]: [S. 83A(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(1)(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/1/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859111]: Words in [s. 83A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/3)
[^c23360691]: Words in [s. 83A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360711]: Words in [s. 83A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360731]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360751]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360771]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360791]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360811]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360841]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360861]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360881]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360911]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357951]: [S. 82A](https://www.legislation.gov.uk/ukpga/1988/1/section/82A) modified (1.1.2005 with effect in accordance with art. 2 of the commencing S.I.) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 53(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/53/2); [S.I. 2004/3268](https://www.legislation.gov.uk/uksi/2004/3268), [art. 2](https://www.legislation.gov.uk/uksi/2004/3268/article/2)
[^c23360611]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360631]: Words in [s. 82A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360651]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23417381]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369591]: Words in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/2)
[^c23417391]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369611]: Words in [s. 82B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/3) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/3)
[^c23364471]: Words in [s. 91BA(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364491]: Word in [s. 91BA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860901]: [S. 76A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/3)
[^c21860921]: [S. 76A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/4)
[^c21860941]: [S. 76A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/5/6) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/5)
[^c23359821]: Words in [s. 76A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/46) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860961]: Words in [s. 76B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/7)
[^c21860981]: [S. 76B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/4) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/8)
[^c23356511]: Words in [s. 76B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/2)
[^c23356531]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) inserted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/a)
[^c23356551]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/b)
[^c23359621]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23359641]: [S. 79B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360361]: Word in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360381]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360411]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360431]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360451]: Words in [s.79B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/3) inserted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360471]: Words in [s. 79B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360491]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360521]: Words in [s. 79B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360541]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360561]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360591]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369301]: Words in [s. 75A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/a) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/a)
[^c23369321]: Words in [s. 75A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/b) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/b)
[^c21572871]: SOURCE-1984 s. 54(1), (4)
[^c21572881]: SOURCE-1984 s. 54(2), (3)
[^c21572891]: [1982 c. 52](https://www.legislation.gov.uk/ukpga/1982/52).
[^c21572901]: SOURCE-1980 s. 42(1)
[^c21572911]: SOURCE-1980 s. 42(2)
[^c21572921]: [1972 c. 63](https://www.legislation.gov.uk/ukpga/1972/63).
[^c21572931]: [1966 c. 36 (N.I.)](https://www.legislation.gov.uk/apni/1966/36).
[^c21572941]: [1971 c. 22 (N.I.)](https://www.legislation.gov.uk/apni/1971/22).
[^c21572951]: SOURCE-1980 s. 42(2); 1984 s. 55(1)
[^c21572961]: [S.I. 1982/1083 (N.I. 15)](https://www.legislation.gov.uk/nisi/1982/1083).
[^c21572971]: SOURCE-1980 s. 42(3); 1984 s. 55(2)
[^c23357261]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 11(2)
[^c23364551]: Word in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364571]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572981]: SOURCE-1970 s. 136
[^c21826351]: [S. 94](https://www.legislation.gov.uk/ukpga/1988/1/section/94) renumbered as s. 94(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/4)
[^c21826371]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/a)
[^c21852661]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364591]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364611]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369471]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/2)
[^c23369461]: [S. 94(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21847241]: [S. 95(1)(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1/1A/1B/2) substituted for s. 95(1)-(3) (with effect in accordance with [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/1)
[^c21849001]: [S. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/2)
[^c21849021]: Words in [s. 95(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/a)
[^c21849121]: [S. 95(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/b) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/b), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849041]: Words in [s. 95(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/c) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/c)
[^c21849131]: [S. 95(1A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/d) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/d), [Sch. 8 pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849061]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(e)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/e)
[^c21849141]: [S. 95(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1B) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/4), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849151]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/a), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849081]: Words in [s. 95(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2/a) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/b)
[^c21849101]: [S. 95(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2A) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/6)
[^c21849171]: [S. 95(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/4/5) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(7)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/7/8). {Sch. 8 Pt. 2(8)}
[^c23354741]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) repealed (with effect in accordance with Sch. 43 Pt. 3(6) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^c23356591]: [S. 95(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1C) inserted (2.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 137(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/137/2/6)
[^c23364651]: Words in [s. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358671]: [S. 95(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364671]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573031]: SOURCE-1970 s. 139
[^c21852681]: Words in [s. 97](https://www.legislation.gov.uk/ukpga/1988/1/section/97) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364691]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364711]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364731]: Words in [s. 98(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573061]: SOURCE-1970 s. 142(1)
[^c21573071]: SOURCE-1970 s. 142(2), (4)
[^c21573081]: SOURCE-1970 s. 142(2), (4)
[^c21852691]: Words in [s. 99(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364751]: Words in [s. 99(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364771]: Words in [s. 99(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364791]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364831]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364851]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23394171]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 2 para. 139(3)(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/139/3/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418131]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21573091]: *See*—1988(F) Sch.12 para.2—*building societies converting to companies.*[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(1)—*this provision not to apply to the discontinuance of an existing bank under the* TSB Act 1985.
[^c21573101]: Source—1970 s.137(1)
[^c21573111]: Source—1970 s.137(4)
[^c21829261]: Words in [s. 100(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/a) substituted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/1)
[^c21829301]: [S. 100(1A)-(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A) inserted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), by {s. 140(1)}
[^c21829321]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21852711]: Words in [s. 100(1)(1D)(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/1D/1E) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861421]: [S. 100](https://www.legislation.gov.uk/ukpga/1988/1/section/100) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/11/3); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21861211]: [S. 100(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1B/a) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 105(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/105/1), [Sch. 40 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/17)
[^c21861221]: [S. 100(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/3) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 106(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/1)
[^c23356611]: [S. 100(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1ZA) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/2/2)
[^c23364871]: Words in [s. 100(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364891]: Words in [s. 100(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364911]: Words in [s. 100(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364931]: Words in [s. 100(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1C/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364951]: Word in [s. 100(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1D) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364971]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364991]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358721]: Words in [s. 100(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/2/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573121]: Source—1970 s.138(1)
[^c21573131]: Source—1970 s.138(3)
[^c21573141]: Source—1970 s.138(5)
[^c21834931]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/2)
[^c21834951]: [S. 101(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/3)
[^c21852741]: Words in [s. 101(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365011]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358781]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358791]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365031]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358841]: [S. 101(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358811]: Words in [s. 101(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358861]: Words in [s. 101(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573151]: Source—1970 s.137(2), 138(2)
[^c21573161]: Source—1970 s.137(3), 138(4)
[^c21834971]: Words in [s. 102(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1/a) substituted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 22 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/11)
[^c21852761]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358901]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365051]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358921]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(a)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/a/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365071]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365091]: Word in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573171]: Source—1970 s.143; 1983 s.27(b)
[^c21573181]: [Sch.7 para.36(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/3) [Copyright Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced*).
[^c21826461]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/b)
[^c21826491]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/5)
[^c21852771]: Words in [s. 103(1)(2)(a)(b)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1/2/a/b/4/a/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365111]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358951]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365131]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365151]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365171]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365191]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358971]: [S. 103(3)(b)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/b/bb) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423281]: Words in [s. 103(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369491]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/2)
[^c23369271]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369511]: Words in [s. 103(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/5) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/5)
[^c21573191]: Source—1970 s.144(1)
[^c21573211]: Source—1970 s.144(3), (4)
[^c21852841]: Words in [s. 104(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853831]: [S. 104(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/4/5/7) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365231]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359011]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365251]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365271]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359031]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573221]: Source—1970 s.145
[^c21835011]: [S. 105](https://www.legislation.gov.uk/ukpga/1988/1/section/105) modified by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 15A](https://www.legislation.gov.uk/ukpga/1990/1/section/15A) (as inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 201](https://www.legislation.gov.uk/ukpga/1996/8/section/201), [Sch. 39 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/1/2))
[^c21852921]: Words in [s. 105(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1/a/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853881]: [S. 105(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/4) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365291]: Words in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365331]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365351]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365371]: Words in [s. 105(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376861]: Words in [s. 105(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/10), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21573231]: Source—1970 s.147
[^c21852931]: Word in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365411]: Words in [s. 106(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365431]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365451]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365471]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365491]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573271]: Source—1970 s.151(1)
[^c21573291]: Source—1970 s.151(2)-(5)
[^c21852991]: Words in [s. 110(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/3/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365571]: [S. 110(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1A) subsituted for s. 110(2) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 90](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/90) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23377191]: Words in [s. 110(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 12](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22730011]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) modified (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)
[^c22730031]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with application in accordance with s. 44 of the excluding act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/1/2), [Sch. 6 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6/6)
[^c22730041]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with effect in accordance with s. 64 and Sch. 22 paras. 16-18 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 13(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/13/6)
[^c23365591]: Words in [s. 111(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573401]: Source—1970 s.155(1); 1973 s.31(5); 1980 s.39(3)
[^c21573411]: Source—1970 s.155(2); 1972 s.107(2)
[^c21826551]: [S. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 172(4)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/172/4)
[^c21826581]: Words in [s. 114(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 215(4)(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/4/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/2) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21826661]: [S. 114(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/a), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21831731]: Words in [s. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/4)
[^c21831771]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/3) repealed (with effect in accordance with [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/218/1)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 1
[^c23385131]: [S. 115(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5C) inserted (retrospectively) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(1)(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/1/4)
[^c21827331]: [S. 115(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/1)(6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21832551]: [S. 115(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/5) substituted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/5)
[^c23354721]: Words in [s. 115(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23365611]: [S. 115(5)-(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) substituted for s. 115(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426381]: [S. 115(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) modified (with retrospective effect) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(5)(6)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/5/6/b)
[^c21573471]: Source—1973 s.31(1)-(5), (9), 32(6)
[^c21853931]: [S. 116(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/2/d) repealed (with effect in accordance with Sch. 3 para. 10(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 10(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/10/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21859591]: [S. 116(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4/b) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 21](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/21)
[^c23365631]: Word in [s. 116(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 96](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/96) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573601]: Source—1985 Sch.12 3(1)-(3)
[^c21573611]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/a)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21573631]: Source—1985 Sch.12 3(4), 1, 4
[^c21573641]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21853941]: Words in [s. 118(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/2) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/35)
[^c21853301]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21860031]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860111]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860071]: [S. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860121]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/a) {Sch. 4} (with Sch. 2 para. 23(3))
[^c21860131]: Words in [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860091]: [S. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c23377231]: [S. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2): definition of "limited partner" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/2) (with Sch.. 2)
[^c23376931]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376951]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377251]: [S. 118(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21860751]: [S. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)
[^c23365651]: Words in [s. 118ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365671]: Words in [s. 118ZA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23377281]: [S. 118ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 15](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/15) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23357671]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(3)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/3/5)
[^c23377301]: Words in [s. 118ZC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376971]: Words in [s. 118ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377321]: Word in [s. 118ZC(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377341]: Word in [s. 118ZC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377361]: Words in [s. 118ZC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377441]: Word in [s. 118ZC(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/3/d) substituted (with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377451]: Words in [s. 118ZC(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377481]: Words in [s. 118ZC(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377501]: Words in [s. 118ZC(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376991]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377521]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377011]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377541]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377571]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377591]: Words in [s. 118ZD(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377611]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377651]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377661]: Words in [s. 118ZD(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377701]: Words in [s. 118ZD(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377711]: Words in [s. 118ZD(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377751]: Words in [s. 118ZD(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21573671]: Source—1970 s.156
[^c21573681]: [S. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 201(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573691]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/4) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21832621]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) repealed (with effect in accordance with s. 145(3), Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/1), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21832661]: Words in [s. 119(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/2) repealed (with effect in accordance with Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21861441]: Word in [s. 119(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/3) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2), Sch. 12 para. 50(3), {Sch. 13 Pt. 1}; [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23365901]: Word in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/103) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573701]: Source—1970 s.157
[^c21847521]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/a)
[^c21847561]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/b), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847541]: [S. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/3)
[^c21847571]: [S. 120(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/2) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/4), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847611]: [S. 120(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/5/c) and preceding word repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by Finance Act 1997, (c. 16), s. 60(5), {Sch. 18 Pt. 6(2)}
[^c23365921]: Word in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365941]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365961]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573711]: Source—1970 s.158(1), (2)
[^c21832671]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) substituted for s. 121(1)(2) (with effect in accordance with [s.145(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/2)
[^c23359361]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/105), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573811]: Source—1970(F) s.29(1), (3); 1971 Sch.9 4
[^c21573821]: [S. 122(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1/b) and the word "and" immediately preceding it repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573841]: Source—1970(F) s.29(2)
[^c21573851]: [S. 122(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/3/8) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573881]: *For regulations see* Part III Vol.5.
[^c21573891]: [S. 122(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/5) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 203(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/203/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573911]: [1966 c. 4](https://www.legislation.gov.uk/ukpga/1966/4).
[^c21573931]: [1969 c. 35 (N.I.)](https://www.legislation.gov.uk/apni/1969/35).
[^c21573941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c21573951]: [1903 c. 37](https://www.legislation.gov.uk/ukpga/1903/37).
[^c21832691]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (1.5.1995 with effect in accordance with Note to Sch. 29 Pt. 8(22) of the amending act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c23365991]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359371]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(b)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/b/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366011]: Word in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359411]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366031]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359431]: [S. 122(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21574141]: Source—1977 s.48
[^c21574151]: *See* 1989 s.59—*rights of admission disregarded in the case of certain covenanted subscriptions.*
[^c23369551]: [S. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) substituted (with retrospective effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/7) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/2)
[^c23366051]: [S. 125(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/a) and word substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366071]: Words in [s. 125(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369651]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (with effect in accordance with s. 38(7)(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23377031]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377771]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377051]: Words in [s. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377791]: Word in [s. 125(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377091]: [S. 125(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/d) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21574281]: Source—1985 s.72(1), (2); 1987 (No.2) s.81(1)
[^c21574291]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/7) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21861281]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(1) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/1/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21861351]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(3) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21574451]: *See*—1988 s.338(6)—*definition applied for purposes of* s.338(3) (*charges*).1988 s.576(5)—*definition applied for purposes of* ss.573 to 576 (*losses on unquoted shares in trading companies*).[Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(6).
[^c23356841]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130) sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/4)
[^c21574741]: [S. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss.120](https://www.legislation.gov.uk/ukpga/1992/12/section/120), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21574751]: Source—1972 s.79(1), (4)
[^c21574761]: Source—[1972 c.79](https://www.legislation.gov.uk/ukpga/1972/79)(1), (7)
[^c21574771]: Source—1972 s.79(2)(b), (3)(b), (8)
[^c21574781]: Source—1973 Sch.8 1
[^c21574791]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574801]: Source—1972 s.79(2)(bb); 1984 s.40(1)
[^c21574811]: Source—1972 s.79(6)
[^c21574821]: Source—1973 Sch.8 1(b), 3; 1974 s.20(2)
[^c21574831]: Source—1973 Sch.8 2
[^c21574841]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574851]: Source—1972 s.79(2A); 1973 Sch.8 4(1)(b)
[^c21574861]: Source—1972 s.79(2B); 1984 s.40(2)
[^c21574871]: Source—1972 s.79(5), (6); 1973 Sch.8 4(1)(c); 1986 s.26(4)
[^c21574881]: Source—1972 s.79(5A), (5B); 1986 s.26(3), (6)
[^c21574891]: Source—1972 s.79(3)(a); 1974 s.20(1)(b)
[^c21574901]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 88, 148, Sch.14 Part VI in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441861]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c23391981]: Words in [s. 138(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392011]: Words in [s. 138(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21575111]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 88](https://www.legislation.gov.uk/ukpga/1988/39/section/88), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VI](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14) in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441911]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c21575011]: Source—1972 s.79(1A), (1B); 1984 s.41(1)
[^c21575021]: Source—1972 s.79(10), (11)
[^c21575031]: Source—1972 Sch.12 3; 1984 s.41(2)
[^c21575041]: Source—1972 Sch.12 3A; 1984 s.40(4)
[^c21575051]: Source—1973 Sch.8 5-7; 1982 s.41
[^c21575061]: Source—11982 s.41; 1986 s.23(4)
[^c21575071]: Source—1973 Sch.8 35; 1972 Sch.12 6, 8
[^c21575081]: Source—1972 s.79(6A); 1986 s.26(5)
[^c21575091]: Source—1972 s.79(4A); 1984 s.40(3)
[^c21575101]: Words in [s. 139(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/139/14) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21575731]: Source—1981 s.28; 1987 Sch.3 6
[^c22201601]: Words in [s. 152(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/1) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 13](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/13); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(b)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/b)
[^c22277021]: Words in [s. 152(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/7) substituted (27.6.2002) by [The Secretaries of State for Education and Skills and for Work and Pensions Order 2002 (S.I. 2002/1397)](https://www.legislation.gov.uk/uksi/2002/1397), [Sch. para. 6](https://www.legislation.gov.uk/uksi/2002/1397/schedule/paragraph/6)
[^c21580051]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21868021]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)
[^c22731381]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4A)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4A), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220) (as that s. 219(4A) is inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22731391]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(a)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/a)
[^c22732721]: [s. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by Finance Act1993 (c. 34), s. 171(4A) (as inserted by [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4)),
[^c23397881]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) modified (with retrospective effect) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/1/2)
[^c21581151]: Source—1970 s.239
[^c21868001]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 14(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/14/5)
[^c21868371]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 13(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/13/5) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7), [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21885271]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 18(2)(c)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2/c), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(4)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/4)
[^c21581251]: Source—1970 s.233(1); 1980 s.45(2)
[^c21581261]: Source—1970 s.233(2)(a), (b), (c); 1972 Sch.22 1, 2(1)
[^c21581271]: Source—1970 s.233(2)(d)(iii); 1972 Sch.22 3(2)
[^c21581281]: Source—1970 s.233(d), (e); 1970(F) Sch.4 6; 1972 Sch.22 3(1)
[^c21581291]: [S. 209(2)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/vii) and word "or" immediately preceding inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/1/4).
[^c21581301]: Source—1972 Sch.22 3(3)
[^c21581311]: Source—1970 s.233(3); 1972 Sch.22 4(3)
[^c21581321]: Source—1972 Sch.22 4(1), (2)
[^c21581331]: Source—1970 s.233(4)
[^c21581341]: Source—1972 Sch.22 2(2)
[^c21581351]: [S. 209(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/9) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(2)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/2/4).
[^c21868391]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/1)
[^c21868411]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/a)
[^c21868471]: [S. 209(2)(e)(iv)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/iv/v) repealed (with effect in accordance with s. 87(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b), [Sch. 29 Pt. 8(12)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/12), Note
[^c21868431]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b)
[^c21868451]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3)
[^c21891551]: Words in [s. 209(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/ii) substituted (with effect in accordance with [Sch. 38 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/b)
[^c21890701]: [S. 209(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/11) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22735861]: [S. 209(2)(da)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da/e/vii) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c22735751]: Words in [s. 209(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/9)
[^c22735771]: [S. 209(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3B) inserted (with application in accordance with [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1)
[^c22735881]: [S. 209(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3AA) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/1)
[^c23396201]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (12.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2006/3296/regulation/16)
[^c23394941]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/a), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395031]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2)
[^c23395051]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395071]: Words in [s. 209(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23394961]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/b), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581361]: Source—1970 s.234(1), (2)
[^c21581371]: Source—1972 Sch.22 5(2), (3)
[^c21581381]: Source—1970 s.234(3); 1973 s.54
[^c23396391]: Words in [s. 210(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/210/4) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/2)
[^c21581391]: Source—1970 s.235(1); 1972 Sch.22 6(1), (3)
[^c21581401]: Source—1972 Sch.22 6(2)
[^c21581411]: Source—1970 s.235 (2)-(5)
[^c23397511]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c23396221]: Words in [s. 209A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209A/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 22](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/22) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23394681]: Words in [s. 209B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209B/4) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/2)
[^c21581431]: Source—1982 s.60(1)-(4)
[^c21581441]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/3/4).
[^c23395091]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395141]: Words in [s. 212(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395131]: [S. 212(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581451]: Source—1980 s.117, Sch.18 1-8, 23
[^c21581461]: 1990 s.89*and* Sch.14 para.3 (*correction of errors*)—*deemed always to have had effect. Previously* “(3)(1)(a)”.
[^c23394721]: Words in [s. 213(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/213/11/a) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/3)
[^c21581471]: Source—1980 Sch.18 14
[^c21581491]: Source—1980 Sch.18 13
[^c22735921]: Words in [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/c) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/3)
[^c23394741]: Words in [s. 214(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/4)
[^c23395571]: Words in [s. 214(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/a) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395591]: [S. 214(1)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/ab) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395611]: [S. 214(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1A/1B) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396241]: [S. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 23](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/23), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21581501]: Source—1980 Sch.18 17
[^c21581511]: Source—1980 Sch.18 18
[^c23394761]: Words in [s. 215(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/215/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/5)
[^c21581521]: Source—1980 Sch.18 19
[^c21581531]: Source—1980 Sch.18 20
[^c21581561]: Source—1980 Sch.18 23
[^c21581541]: Source—1980 Sch.18 21
[^c21581551]: Source—1980 Sch.18 22
[^c21581571]: Source—1982 s.53(1)-(3); 1986 s.100
[^c21581591]: Source—1982 Sch.9 1, 2
[^c23396021]: Words in [s. 220(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [49](https://www.legislation.gov.uk/uksi/2005/3229/regulation/49)
[^c23396371]: [S. 220(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 8](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/8), [27(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21581611]: Words in [s. 220(2)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(14)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/14) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21581621]: Source—1982 Sch.9 3(1)
[^c21581631]: Source—1982 Sch.9 4
[^c21581641]: Source—1982 Sch.9 3(2)-(4)
[^c21581651]: Source—1982 Sch.9 3(5), (6)
[^c21581661]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21581671]: Source—1982 Sch.9 3(7)
[^c21581681]: Source—1982 Sch.9 5(1), (2)
[^c21581691]: Source—1982 Sch.9 6(1), (2)
[^c21581701]: Source—1982 Sch.9 6(3)
[^c21581711]: Source—1982 Sch.9 5(3)-(6)
[^c21581721]: Source—1982 Sch.9 5(7), 6(4)
[^c21581731]: Source—1982 Sch.9 5(8)-(10)
[^c21581741]: Source—1982 Sch.9 7
[^c21581751]: Source—1982 Sch.9 8
[^c21581761]: Source—1982 Sch.9 9
[^c21581771]: Source—1982 Sch.9 10
[^c21581781]: Source—1982 Sch.9 11
[^c21581791]: Source—1982 Sch.9 12
[^c21581801]: Source—1982 Sch.9 14
[^c23396061]: Words in [s. 227(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [50](https://www.legislation.gov.uk/uksi/2005/3229/regulation/50)
[^c23396081]: Words in [s. 227(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/5) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396121]: Words in [s. 227(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/8/a) substituted (6.4.2006) by Finance Act 2004 (c 12), s. 284(1), Sch. 35 para. 7 (with Sch. 36)
[^c23396101]: Words in [s. 227(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/9) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581811]: Source—1982 Sch.9 15
[^c21581821]: Source—1982 Sch.9 16
[^c23396141]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396161]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581831]: Source—1975 (No.2) Sch.8 6
[^c21581841]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) repealed (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17)
[^c23395631]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581871]: *See* 1989 s.107*and* Sch.12—*close companies.*
[^c21581881]: Source—1972 s.86; 1972 s.110(1)
[^c21581891]: *See*—s.94—*taxation of dealer's receipts on purchase by company of own shares.*[s.423](https://www.legislation.gov.uk/ukpga/1988/1/section/423)*et seq—close company income.*[s.448](https://www.legislation.gov.uk/ukpga/1988/1/section/448)—*overseas life assurance companies.*
[^c21581951]: *Repealed by* 1989 s.187*and* Sch.17 Part IV*but in accordance with* 1989 ss.110*and* 111.
[^c21893561]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/1))
[^c21893581]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(4B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/4B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22732761]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/2/b)
[^c21893641]: [S. 231(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1A) inserted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/3)
[^c22732921]: [S. 231(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/2) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/4), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9) (with savings in [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/90/1) and [S.I. 1998/1871](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 4(1)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/4/1))
[^c22732861]: [S. 231(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/7), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22735731]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(b)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/b)
[^c22734711]: [S. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/76/4)
[^c23396181]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 121(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/121/5), [Sch. 17 para. 18(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/18/2)
[^c23396771]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/694)](https://www.legislation.gov.uk/uksi/2006/694), [regs. 69Z18(5)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z18/5), [69Z19(2)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z19/2) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)
[^c23395651]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23472711]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/6)
[^c23395671]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395231]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395251]: [S. 231(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3/3AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395691]: Words in [s. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21885251]: [S. 234](https://www.legislation.gov.uk/ukpga/1988/1/section/234) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 21(2)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/21/2)
[^c21582181]: Source—1970 s.232(4); 1972 Sch.24 18
[^c21582191]: Words in [s. 234(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/1) substituted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/a/4).
[^c21582201]: [S. 234(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/3/4) repealed (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 32(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/b/4), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII).
[^c21582221]: Source—1972 Sch.21
[^c21582231]: 1989 s.107*and* Sch.12 para.11.*Previously* “paragraph 17 of Schedule 19 for the purposes of that Schedule”.
[^c23397291]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (with modifications) (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2006/964/regulation/70) (as amended (1.9.2009) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [2](https://www.legislation.gov.uk/uksi/2009/2036/regulation/2), [25](https://www.legislation.gov.uk/uksi/2009/2036/regulation/25))
[^c23397311]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (1.9.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034)](https://www.legislation.gov.uk/uksi/2009/2034), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2034/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2009/2034/regulation/21)
[^c23394591]: [S. 234A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) excluded (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 493(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/3) (with [s. 493(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/5), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486891]: [S. 234A(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 2 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21891531]: [S. 234A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/8A) inserted (with application in accordance with [Sch. 37 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/a)
[^c22732981]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) repealed (with effect in accordance with Sch. 4 para. 26(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para 26(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/26/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c23395801]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396351]: [S. 231B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/12): definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 26](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/26)
[^c23395171]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) inserted (with effect in accordance with [Sch. 24 para. 1(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/1)
[^c23396261]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 24(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/24/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396281]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/24/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23395191]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) inserted (with effect in accordance with [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/2)
[^c23396301]: Words in [s. 231AB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/25/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396321]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/25/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21583561]: *See* Sch.10 para.5—*profit sharing schemes.*
[^c21583571]: Source—1975 (No.2) s.34(1)-(6)
[^c21583581]: *Words repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c23395821]: Words in [s. 249(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/2)
[^c23395361]: [S. 249(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395841]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395421]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395861]: Words in [s. 249(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/9/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583661]: Source—1975 (No.2) Sch.8 7(1)
[^c21583671]: Source—1975 (No.2) Sch.8 7(2)
[^c21583681]: Source—1975 (No.2) Sch.8 7(3)-(6)
[^c21583691]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17) (in relation to accounting periods beginning after 31 March 1989).
[^c23395901]: Words in [s. 250(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/5/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395921]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583751]: Source—1975 (No.2) s.34(8)(a)-(d)
[^c21891881]: [S. 251(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/1/c) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/4/2)
[^c23395441]: [S. 251(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/121), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583831]: Source—1972 s.102; (No.2) s.88(5)-(7)
[^c21583821]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 80(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/80/8)
[^c21885211]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 15(4)(5)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/15/4/5)
[^c21885231]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 20](https://www.legislation.gov.uk/uksi/1995/1979/regulation/20)
[^c22733931]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/10)
[^c21583841]: [S. 252(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/4) power exercised: 30.9.1993 appointed for the purposes of s. 252(2)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21583861]: *See* 1989 s.157(1)*for reckonable date for interest charge under* 1970(M) s.86*where assessment made to recover corporation tax payable as the result of a claim under* s.240*made on or after* 14*March* 1989. (*Ceases to have effect for accounting periods ending after the day appointed for the purposes of* s.86).
[^c22735471]: [S. 252(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/1/a) repealed (with effect in accordance with Sch. 3 para. 21(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 21(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/21/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583871]: Source—1972 s.108
[^c22735491]: [S. 253(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1/b) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/a), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735511]: Words in [s. 253(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/b), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735551]: [S. 253(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/2) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735531]: Words in [s. 253(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/3/a) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583881]: Source—1970 s.237(1), (3), (5); 1972 Sch.22 10(4)
[^c21583911]: Source—1972 Sch.22 10(1)-(3)
[^c21583921]: Source—1970 s.237(1)
[^c21583931]: Source—1972 Sch.22 8
[^c21583941]: Source—1972 Sch.22 9
[^c21583951]: Source—1970 s.237 (2)
[^c21583961]: Source—1970 s.237(4)
[^c21583971]: Source—1970 s.237(6)
[^c21583981]: Source—1970 s.237(7)
[^c21891591]: Words in [s. 254(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/254/11) substituted (with effect in accordance with [Sch. 38 para. 6(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/d)
[^c21890661]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Airports Act 1986 (c. 31)](https://www.legislation.gov.uk/ukpga/1986/31), [s. 77(3)](https://www.legislation.gov.uk/ukpga/1986/31/section/77/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890681]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1986/44/section/60/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890911]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [British Steel Act 1988 (c. 35)](https://www.legislation.gov.uk/ukpga/1988/35), [s. 11(7)](https://www.legislation.gov.uk/ukpga/1988/35/section/11/7) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 55](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/55) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21584011]: Source-1970 s.5; 1971 Sch.4 3; 1975 (No.2) s.31(3); 1976 Sch.4 3(1), 18(1)
[^c21584021]: “287 and 288” *repealed by* 1988(F) Sch.14 Part. VIII*for* 1990-91*and subsequent years. And see* 1970(M) ss.42*and* 43—*procedure on claims and appeals.*
[^c21866331]: [S. 256](https://www.legislation.gov.uk/ukpga/1988/1/section/256) renumbered as s. 256(1) (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/1)
[^c21866351]: [S. 256(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/3) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2)
[^c23414651]: Words in [s. 256(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414671]: Words in [s. 256(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414691]: Words in [s. 256(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414311]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584101]: [Ss. 257-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257) substituted for s. 257 (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 33](https://www.legislation.gov.uk/ukpga/1988/39/section/33)
[^c21584131]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(3)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/3) (*in* Part III Vol.5)*for* 1990-91.
[^c21584171]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22732341]: [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(3)](https://www.legislation.gov.uk/uksi/1991/732/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(3)](https://www.legislation.gov.uk/uksi/1992/622/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/755/article/2/3)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/3)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(a)(d)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(b)(c)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/b/c)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/a)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/a)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1998/755/article/2/3) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (1999-00) by [S.I. 1998/2704](https://www.legislation.gov.uk/uksi/1998/2704), [art. 2](https://www.legislation.gov.uk/uksi/1998/2704/article/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(c)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/c) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1999-00) by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/1) (in place of [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(a)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/a/b)) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2000-01) by [S.I. 1999/3038](https://www.legislation.gov.uk/uksi/1999/3038), [art. 2](https://www.legislation.gov.uk/uksi/1999/3038/article/2) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/806/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/2) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(2)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/2) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/1) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/1) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/2) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2004-05) by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/1) (in place of [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/b/c)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2005-06) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/9/1) (in place of [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/b/c)) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(2)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/2) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(2)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (2008-09) by [2008 c. 9](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/1/b), [3(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/1) (in place of [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/a)) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(ii)-(iv)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/ii) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2009-10) by [2009 c. 10](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(1)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/1/b) (in place of [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(i)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/i))
[^c22222711]: Words in [s. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/13), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23411951]: [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23414711]: Words in [s. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414731]: Words in [s. 257(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414751]: Words in [s. 257(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414771]: Words in [s. 257(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414791]: Words in [s. 257(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414811]: Words in [s. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414831]: [S. 257(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/6) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584381]: [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1991-92) by [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/2) (in place of [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/a)) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/a)) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1993/755/article/2/4)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1994-95) by [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(a)-(c)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/a) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amount specified (1994-95) [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(d)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/d)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1995-96) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/9) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(4)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(4)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(4)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1998/755/article/2/4) [S. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) amended (1999-00) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/2) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(4)](https://www.legislation.gov.uk/uksi/1999/597/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(4)](https://www.legislation.gov.uk/uksi/2000/806/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(3)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(3)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(3)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(3)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/3) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(4)](https://www.legislation.gov.uk/uksi/2008/673/article/2/4) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(c)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/c)
[^c21584451]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22219311]: [Ss. 257A-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) restricted (with effect as mentioned in s. 77(7) of the restricting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c21866261]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/b)
[^c21866281]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/c)
[^c21584481]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(4)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/4) (*in* Part III Vol.5)*for* 1990-91.
[^c22226371]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (with effect in as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/14/3)
[^c22299371]: [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22293281]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/3/a)
[^c22299141]: Word in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/a)
[^c22299161]: [S. 257A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3/b) and preceding word inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/b)
[^c22299391]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/c), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22732351]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/a)
[^c22299291]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/b)
[^c22299501]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) repealed (with effect as mentioned in s. 31(11), Sch. 20 Pt. 3(3) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/6), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299311]: [S. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) inserted (with effect as mentioned in [s. 31(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/11) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/7) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299331]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/8)
[^c22299351]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) inserted (with effect as mentioned in [s. 31(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(9)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/9)
[^c23398291]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408631]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/a)
[^c23408651]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/b)
[^c23408671]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/a)
[^c23408691]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/b)
[^c23487281]: [S. 257A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3A) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/4)
[^c23411971]: [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23414851]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414881]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414901]: Words in [s. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by the [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414921]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414941]: [S. 257A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584551]: [S. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c21584561]: 1989 s.33(10).
[^c21584571]: 1989 s.57(4).
[^c21584581]: [S. 257B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/2/e) and ',or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21584591]: [S. 257B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/3) applied (with modifications) for the year of assessment 1990-91 by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219351]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22732541]: [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) applied (2000-01 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5)
[^c21584691]: [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1991-92) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1993-94) by Finance Act [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/10) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1995-96) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1997-98) by [Finance Act 1997 (c.16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1999-00) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2003-04) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 28(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/2), [29(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2004-05) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2005-06) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9](https://www.legislation.gov.uk/ukpga/2005/7/section/9) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2008-09) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/2/b), [3(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/2/b) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2009-10) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/2/b)
[^c21584701]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(3)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/a/8)
[^c21584721]: [S. 257C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(3)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21584731]: *See* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677)*in* Part III Vol.5*for* 1990-91.
[^c21584741]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22732551]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) inserted (1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/3/4)
[^c22732661]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) modified (2002-03) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/b)
[^c23398351]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23403961]: Words in [s. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 35](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/35) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23411181]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/a)
[^c23411201]: Words in [s. 257C(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/b)
[^c23411221]: Words in [s. 257C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/c)
[^c23415311]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 34(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/34/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585391]: 1988(F) s.35*and* Sch.3 para.8*for* 1990-91*and subsequent years. Previously* “Relief for blind persons.**265.**—(1) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and that one of them was, and the other was not, a registered blind person for the whole or part of the year; or (b) that, not being such a married man, he was a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £540 from his total income. (2) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and (b) that he was a registered blind person for the whole or part of the year and his wife was also a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £1,080 from his total income. (3)*Unless a claimant who is entitled to relief for the year of assessment under section* 264*in respect of the services of a son or daughter relinquishes his claim to that relief, he shall not be allowed relief under this section for that year* (*Repealed by* 1988(F) ss.25(3), 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*). (4) In this section “registered blind person” means a person registered as a blind person in a register compiled under section 29 of the National Assistance Act 1948 or, in the case of a person ordinarily resident in Scotland or in Northern Ireland, a person who is a blind person within the meaning of section 64(1) of that Act.”.*And see* Table E Vol.1*for previous years.*
[^c21585461]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1990-91) by [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1](https://www.legislation.gov.uk/uksi/1993/415/regulation/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219201]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2) [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21585471]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/8/4), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22225601]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by Finance Act 1996, Sch. 20 para. 19, Sch. 41 Pt. 5(10), Note
[^c22749141]: Words in [s. 265(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5/a) substituted (with effect as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/135/2) of the amending Act) by Finance Act 1996, Sch. 21 para. 6
[^c22749231]: [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(5)](https://www.legislation.gov.uk/uksi/1999/597/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(5)](https://www.legislation.gov.uk/uksi/2000/806/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/638/article/2/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/707/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(4)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(4)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(5)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(5)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 3](https://www.legislation.gov.uk/uksi/2008/673/article/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 3](https://www.legislation.gov.uk/uksi/2008/3024/article/3)
[^c22749151]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (with effect in accordance with [s. 56(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/1)
[^c22749171]: [S. 265(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/2)
[^c23411281]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/2)
[^c23411301]: Words in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/a)
[^c23411341]: [S. 265(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/4) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/4)
[^c23411381]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/6)
[^c23415341]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/2/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23414401]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415361]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415381]: [S. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/b) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415401]: Words in [s. 265(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/c) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415421]: [S. 265(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/4) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23414421]: [S. 265(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415441]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415461]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/b) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415481]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/c) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415501]: [S. 265(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/8) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/7) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c21585791]: Source-1978 Sch.3 12; 1981 s.33
[^c21585801]: [1974 c. 52](https://www.legislation.gov.uk/ukpga/1974/52).
[^c23415521]: Words in [s. 266(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415541]: Words in [s. 266(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/7/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415561]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415581]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585891]: Source-1975 s.7; 1976 Sch.4 19(1); 1984 s.72(5)
[^c23412061]: Words in [s. 268(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/268/7/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 11](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/11) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585901]: Source-1975 s.8; 1976 Sch.4 19(2); 1984 s.72(5)
[^c21585911]: Source-1975 s.9(1)-(4); 1976 Sch.4 19(3)
[^c21585921]: Source-1975 Sch.2 16(1), (3); 1976 s.35
[^c22749891]: Words in [s. 271(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/a), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749901]: Words in [s. 271(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/b) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/b), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749911]: Words in [s. 271(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/c) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/c), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749921]: [S. 271(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/2/b) and preceding word repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/2), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c23408131]: Words in [s. 271(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21585931]: Source-1975 Sch.1
[^c21585941]: 1988(F) s.35*and* Sch.3 para.10*for* 1990-91*and subsequent years. Previously* “Payments securing widows' and children's annuities.**273.** Subject to sections 274, 617(3) and 619(6), if the claimant is, under any Act of Parliament or under the terms or conditions of his employment, liable to the payment of any sum, or to the deduction from his salary or stipend of any sum, for the purpose of securing a deferred annuity to his widow or provision for his children after his death, he shall be entitled to a deduction from the amount of income tax with which he is chargeable equal to income tax at the basic rate on the amount of the sum paid by him or deducted from his salary or stipend.”.
[^c23408231]: [S. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) renumbered as s. 273(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408211]: [S. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [59](https://www.legislation.gov.uk/uksi/2005/3229/regulation/59)
[^c23412081]: Words in [s. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/12) (as amended by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 655](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/655), [Sch. 2 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/161) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))) (with Sch. 36)
[^c23415601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415621]: Words in [s. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415641]: [S. 273(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585971]: Source-1970 s.21(4); 1975 Sch.2 6; 1980 s.29; 1976 Sch.4 21; 1987 Sch.15 2(5)
[^c21585981]: 1988(F) s.29—*from* 6*April* 1989.*Previously* “15 per cent.”.
[^c22219331]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c23410241]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/a)
[^c23410261]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/b)
[^c23410281]: Words in [s. 257BA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/5) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/6)
[^c23410341]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(8)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/8)
[^c23415111]: [S. 257BA(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/2) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415141]: [S. 257BA(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/3) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23414331]: [S. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415151]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/5) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415171]: [S. 257BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/6) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c22219341]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22219501]: [S. 257BB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22181391]: [S. 257BB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/6) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/4), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c23410961]: Words in [s. 257BB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/3)
[^c23411141]: Words in [s. 257BB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/4) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/5)
[^c23415191]: [S. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/2) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415211]: [S. 257BB(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1A/1B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/3) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415231]: [S. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/4) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415251]: [S. 257BB(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3AA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/5) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23414351]: [S. 257BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415271]: [S. 257BB(5A)-(5E)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/7) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23411921]: [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(4)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/4) [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(4)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/4) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(5)](https://www.legislation.gov.uk/uksi/2008/673/article/2/5) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(d)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/d)
[^c23414961]: Words in [s. 257AB(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/1/d) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414991]: Words in [s. 257AB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415011]: Words in [s. 257AB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415031]: Words in [s. 257AB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415051]: Words in [s. 257AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415071]: [S. 257AB(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416691]: [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(2)](https://www.legislation.gov.uk/uksi/2008/673/article/2/2) [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(a)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/a)
[^c21586061]: *See* British Nationality Act 1981 ss.37*and* 51(1)*for definition.*
[^c21586091]: *Repealed by* 1988(F) ss.31, 148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586101]: Source-1976 Sch.4 18(3)
[^c21586121]: Source-1970 s.27(3)-(5)
[^c22225611]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/21), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22753081]: Words in [s. 278(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/a) substituted (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/1)
[^c22753091]: [S. 278(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/9) added (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/2)
[^c22753111]: [S. 278(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2A) repealed (with effect in accordance with Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21586081]: 1988(F) s.31*for* 1990-91*and subsequent years.*
[^c23414531]: [S. 278(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415661]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415681]: [S. 278(2)(za)(zb)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/za/zb) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414601]: [S. 278(2)(b)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415721]: [S. 278(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21590871]: Source-1986 s.29(1), (2)
[^c21590921]: 1990 s.26(4)*in relation to payments made on or after* 1*October* 1990.
[^c21590941]: *Repealed by* 1990 ss.27(2)*and* 132*and* Sch.19 Part IV*in relation to accounting periods ending on or after* 1*October* 1990.
[^c21590971]: 1990 s.26(5)*in relation to payments made on or after* 1*October* 1990.
[^c21590991]: *See* 1990 s.94*re production of books etc. in respect of repayment claims in respect of payments made on or after* 1*October* 1990.
[^c21591001]: Source-1981 s.49; 1983 s.46(3); 1986 s.29(6)
[^c21591011]: 1989 s.60(2)*in respect of payments due on or after* 14*March* 1989.*Previously* “the Trustees of the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission for England and, additionally, in subsections (1) to (5) above includes the Trustees of the British Museum, the Trustees of the British Museum (Natural History) and”.
[^c22736831]: [S. 337(7AA)-(7AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/7AA) inserted (with effect in accordance with [s. 64(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/1)
[^c22737041]: [S. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/2)
[^c22737061]: [S. 339(2)(3)(3A)(3F)(6)(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/2/3/3A/3F/6/7/8) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/3), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c22737161]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/4)
[^c22737181]: [S. 339(3DA)-(3DD)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA) inserted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/5)
[^c22737201]: [S. 339(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/7AA) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/7)
[^c22737141]: Words in [s. 339(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/9) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/8), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c23426651]: Words in [s. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/2)
[^c23426671]: [S. 339(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1A/1B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/3)
[^c23426691]: Words in [s. 339(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/2)
[^c23426711]: Words in [s. 339(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3E) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/3)
[^c23426731]: [S. 339(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 51(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/51/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426751]: [S. 339(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 51(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/51/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426831]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 60(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/2/a)
[^c23426861]: Words in [s. 339(3DA)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA/c) substituted (with effect in accordance with [s. 60(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/2/b)
[^c21591081]: Source-1970 s.245(1)
[^c21591091]: Source-1970 s.245(2), (3); 1974 s.37(1)
[^c21591101]: Source-1970 s.245(4)-(6)
[^c21591111]: Source-1970 s.245(7)-(9); 1974 s.37(1)
[^c22736651]: Words in [s. 342(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/5) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736671]: Words in [s. 342(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/6) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736901]: Words in [s. 342(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/2) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736921]: [S. 342(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/3A) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736691]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para 12(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/12/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22736071]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 20(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/8)
[^c21591341]: Source-1970 s.252(1)
[^c21591351]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (16.7.1992) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 152B(10)(e)](https://www.legislation.gov.uk/ukpga/1990/1/section/152B/10/e) (as inserted (16.7.1992) by [Finance Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 67](https://www.legislation.gov.uk/ukpga/1992/48/section/67)).
[^c21591361]: Source-1970 s.252(2), (2A); 1971 Sch.8 16(5); 1986 s.56(7), Sch.13 2; 1987 (No.2) s.64(2)
[^c22736091]: [S. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 15(1)(a)(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/a/7)
[^c21591371]: Source-1970 s.252(3)-(7)
[^c21591381]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591391]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 15 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591401]: Word in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) and omitted (27.7.1993) by virtue of s. 120, Sch. 14 para. 8(2)
[^c21591411]: Source-1970 s.252(3A); 1986 s.42(2), (3), Sch.10 1(2)
[^c21591421]: Source-1970 s.252(4)-(7)
[^c21591431]: [S. 343(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/6) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3)(-(5), 123, Sch. 15 para. 7(2), Sch. 19 Pt. V, Note 4
[^c21591441]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591451]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591461]: Source-1970 s.252(8); 1986 Sch.10 1(3)
[^c21591471]: Source-1970 s.252(9), (10)
[^c21591481]: Source-1986 s.42(2), (3)
[^c22737461]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 3 paras. 4(8)(a)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/4/8/a), [5](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/5); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c22736871]: [S. 343(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/4A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58) s. 39(7)
[^c23426441]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with modifications) (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 16](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16), [17](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/17) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426461]: [S. 343(3)(4A)(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3/4A/7)(11) applied (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 2(1)(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/2/1/3) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22737271]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (with effect in accordance with s. 579 of the excluding Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 561(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/561/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22755311]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 26](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/26) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23490771]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with effect in accordance with s. 43(2) of the 2007 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 227B](https://www.legislation.gov.uk/ukpga/1994/9/section/227B) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/43/1))
[^c23426791]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/1)
[^c21591491]: Source-1970 s.253; 1986 s.42, Sch.10 2
[^c23426631]: Words in [s. 344(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/344/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [66](https://www.legislation.gov.uk/uksi/2005/3229/regulation/66)
[^c23426561]: Words in [s. 337(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/1) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426571]: Words in [s. 337(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/2) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426481]: [S. 338](https://www.legislation.gov.uk/ukpga/1988/1/section/338) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2004/20/schedule/4/paragraph/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426581]: [S. 338A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/2/a) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/2), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23488671]: [S. 338A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/4) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21594971]: *See* S.I. [1988 No.1347](https://www.legislation.gov.uk/ukcm/1988/1347) (*in* Part III Vol.5)*in respect of housing associations.*
[^c21596041]: *See* S.I. [1983 No.368](https://www.legislation.gov.uk/ukcm/1983/368) (*in* Part III Vol.5)—*housing associations.*
[^c21597211]: *See* s.434A—*limitations on loss relief for life assurance company.*
[^c22750761]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 69(1) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 19](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/19) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22751941]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(2)-(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/2) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22751981]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(2)](https://www.legislation.gov.uk/uksi/2002/653/article/4/2)
[^c22766441]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/6), [16(5)(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/5/1/a), [19](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/19)
[^c23438671]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c21597321]: *See* 1990 s.99(2)*and* (4)*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597331]: *See* [Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(4)—*carry forward of losses where transfer to successor from existing bank under the* Trustee Savings Banks Act 1985.
[^c22743321]: [S. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15)
[^c21597341]: Source—1970 s.177(1)-(3)
[^c21597351]: Words in [s. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 8(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/a)
[^c21597361]: [S. 393(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/2) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19) Pt. v Note 4
[^c21597431]: *See* 1990 s.99(2)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597441]: Words in [s. 393(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/11) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 8(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 4
[^c21597551]: Source—1973 ss.30, 32(6)
[^c21597561]: Words in [s. 395(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/b) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/a)
[^c21597581]: Words in [s. 395(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1) and (4): repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213),Sch. 23 Pt.III(11), note; omitted (27.7.1993) by virtue of [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/b)
[^c22751281]: Words in [s. 395(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751301]: Words in [s. 395(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(1)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/1/4/5)
[^c22745491]: Word in [s. 393A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/a)
[^c22745511]: [S. 393A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/4/a) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/b)
[^c22750781]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/23) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22746491]: Words in [s. 393A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/2)
[^c22746511]: [S. 393A(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/3)
[^c22746531]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/39/8) of the amending Act) by Finance (No. 2) Act 1997, s. 39(4)(a)
[^c22746551]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/4/b)
[^c22746571]: [S. 393A(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/5)
[^c22746591]: [S. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/6)
[^c22766451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/5), [16(4)(a)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/4/a/b/5/b)
[^c23438691]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23442481]: [S. 393A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/4)
[^c23442501]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 35(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/35/2)
[^c22751151]: Words in [s. 393A(2C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2C/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751251]: [S. 393A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/5/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751171]: Words in [s. 393A(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751191]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751211]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751231]: Words in [s. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597601]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c22749041]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified (with application in accordance with Sch. 5 para. 72(2) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 72(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/72/1)
[^c23438451]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 7A](https://www.legislation.gov.uk/uksi/1995/1730/regulation/7A) (as inserted (28.10.2003 with effect in accordance with reg. 1(3) of the modifying S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003 (S.I. 2003/2573)](https://www.legislation.gov.uk/uksi/2003/2573), [reg. 8(1)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/8/1))
[^c21597611]: *See* 1990 ss.99(3)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10). [S. 396(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/1) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c21597621]: Source—1970 s.179
[^c23443221]: Words in [s. 396(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/2) inserted (with effect in accordance with [s. 57(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/1)
[^c22748951]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2), (with Sch. 6 para. 6)
[^c22752321]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23533041]: [Pt. 10 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23532151]: [S. 392A](https://www.legislation.gov.uk/ukpga/1988/1/section/392A) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/1) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23532761]: [S. 392A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(2)(4)
[^c23532851]: Words in [s. 392A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(3)(4)
[^c23533011]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/5), [Sch. 17 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2)
[^c23533021]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(5)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/5) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c22745531]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/a)
[^c22745551]: Words in [s. 397(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/a/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/b)
[^c22751321]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "basis year" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751361]: [S. 397(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751401]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23440781]: [S. 397(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a/b) substituted for words in s. 397(8) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440801]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441301]: Word at the end of s. 397(10)(a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441251]: [S. 397(10)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/ab) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441321]: [S. 397(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/c) and preceding word inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/b)
[^c23442631]: [S. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442751]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442771]: Words in [s. 397(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442791]: Words in [s. 397(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442651]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "chargeable period" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442811]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "prior five years" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442671]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "prior period of loss" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/c/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442831]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "prior period of loss" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442851]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definitions of "farming" and "market gardening" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442691]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442871]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442711]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442891]: Words in [s. 397(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442911]: Words in [s. 397(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/7/b)
[^c23442731]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/8/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442931]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21597791]: Source—1978 s.31
[^c21597801]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/11)
[^c21597811]: Source—1985 s.72(2); 1987 Sch.15 11(2); 1987 (No.2) s.81(1)
[^c21597821]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(19)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/19/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22746451]: [S. 399(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1A) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/4)
[^c22752101]: [S. 399(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/4/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23440921]: [S. 399(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23450241]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450251]: Words in [s. 399(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450261]: Words in [s. 399(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450271]: Words in [s. 399(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23545221]: Words in [s. 399(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22743341]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 16](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16)
[^c22744771]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/1)
[^c22744271]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(2)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/2), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598001]: Source—1981 s.48
[^c21598011]: Words in [s. 400(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/a); repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 14 para. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (11), note; omitted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 paras. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5)
[^c21598031]: Words in [s. 400(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/e) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21598041]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/12)
[^c22744791]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/2)
[^c22744251]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(3)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/3), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598071]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22745601]: [S. 400(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/8) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/7/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745621]: [S. 400(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/9A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/19) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22748451]: [S. 400(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/bb) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/36) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748441]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22749301]: Words in [s. 400(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/a) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(i)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/i) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749321]: Words in [s. 400(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/b) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(ii)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/ii) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749341]: Words in [s. 400(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/8/9) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(b)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/b) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22752001]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) excluded (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(3)](https://www.legislation.gov.uk/uksi/2002/653/article/4/3)
[^c22752021]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(4)](https://www.legislation.gov.uk/uksi/2002/653/article/4/4)
[^c22751421]: Words in [s. 400(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751441]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751461]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23450561]: [S. 400(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(2)(5)
[^c23450571]: [S. 499(2)(bb)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/499/2/bb/ii) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(3)(5)
[^c21598101]: Source—1980 s.39(1), (2), (4); 1982 s.50
[^c21598111]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109/4) of the amending Act) by virtue of s. 109(1)(4)
[^c22744561]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (with effect in accordance with [s. 120(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/a)
[^c22744601]: [S. 401(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/2) repealed (with effect in accordance with s. 120(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/b), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 2
[^c22766461]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) inserted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 109(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/2/4)
[^c22745641]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22745661]: [S. 401(1AA)-(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1AA) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22750821]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 69(1) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/1/3), [26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26)
[^c22752351]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 53(1) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 20(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20/1)
[^c22752371]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with Sch. 13 para. 28(1)(2) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/3)
[^c22766481]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 56 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/15/paragraph/2/2)
[^c22748471]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22766471]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/20)
[^c22748501]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c23440991]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441011]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441051]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441091]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441071]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598131]: *See*—1988 s.434A—*limitations on group relief for life assurance company.*1989 s.102—*surrender of company tax refund etc. within group* (*from a day to be appointed not earlier than* 31*March* 1992).
[^c21598141]: Source—1970 s.258(1)
[^c22742951]: Words in [s. 402(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/4) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/a/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c21598161]: Source—1970 s.258(3), (4)
[^c22751841]: [S. 402(1)(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1/2/5/6) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting Regulations) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22750001]: [S. 402(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A/3B) inserted (with effect in accordance with [Sch. 27 para. 6(1)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/1)
[^c23438371]: Words in [s. 402(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3B) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441211]: Words in [s. 402(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/6/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23441731]: Words in [s. 402(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/2)
[^c23441751]: [S. 402(2)-(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/2) substituted for s. 402(2) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/3)
[^c23441771]: Words in [s. 402(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/4)
[^c22749271]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/2/2) (as substituted (with effect in accordance with s. 38(2)(3) of the1998 amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch 5 para. 64(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/64/3) (with [Sch 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73)))
[^c22749281]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (with effect in accordance with s. 38(2)(3) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 paras. 75](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/75), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76)
[^c22751821]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) excluded (with effect in accordance with s. 579(1) of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 260(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/7), [261](https://www.legislation.gov.uk/ukpga/2001/2/section/261) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22749191]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23438711]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22752121]: Words in [s. 403(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/1/b) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/a)
[^c22752141]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/b)
[^c22752161]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/c)
[^c23441841]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/5)
[^c23441791]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/1)
[^c23441821]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/3)
[^c21598361]: Source—1987 (No.2) s.63
[^c21598371]: *Definition applied for purposes of*—1970 s.273A—*transfer of U.K. branch or agency.*1970 s.276(1A)—*replacement of business assets by members of a group.*1990(C) s.161(2)—*interpretation.*
[^c22745731]: [S 404(6)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/a/ia) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745831]: [S. 404(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/7) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751861]: [S. 404](https://www.legislation.gov.uk/ukpga/1988/1/section/404) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22748631]: [S. 404(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/a/aa) substituted for s. 404(2)(a) (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748691]: [S. 404(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/c) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/3), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23438651]: Word in [s. 404(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/c) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 16(3) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 16(2)
[^c21598381]: Source—1985 Sch.9 2
[^c21598391]: Source—1985 Sch.9 3
[^c22747371]: Words in [s. 405(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/405/4) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/4)
[^c21598401]: Source—1985 Sch.9 5(1), 6(1)
[^c21598411]: Source—1985 Sch.9 5(2)-(4)
[^c21598421]: Source—1985 Sch.9 6(2)-(5)
[^c22742971]: Words in [s. 406(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/2/5)
[^c22747391]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/a)
[^c22747421]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/b)
[^c22747451]: [S. 406(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/3) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/2)
[^c22747471]: [S. 406(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/7) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/3)
[^c22747491]: Words in [s. 406(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/8) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/4)
[^c21598591]: Source—1970 s.260(1)
[^c21598601]: Source—1970 s.260(1), (2)
[^c21598611]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/1)
[^c21598631]: Source—1970 s.260(3)(a), (d)
[^c21598641]: Words in [s. 407(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2)
[^c21598651]: Source—1970 s.260(3)(b)
[^c21598671]: Word in [s. 407(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2) inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598681]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) and words inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598691]: Source—1970 s.260(4)
[^c22745851]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745871]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) substituted for para. (c) and words following it (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751541]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751551]: Words in [s. 407(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22746161]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/1) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22744691]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24) s. 7(2)
[^c22744291]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22743191]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17)
[^c22744751]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/1)
[^c21598761]: Source—1973 s.29, 32(6); 1981 s.40(6)
[^c21598771]: *See* Trustee Savings Bank Act 1985 s.5*and* Sch.2 para.6(8)—s.410*not to apply to transfers effected by* s.3*of the* TSB Act 1985.
[^c21598781]: Source—1981 s.47
[^c22750861]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/5); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), [art. 2(1)](https://www.legislation.gov.uk/uksi/2000/2957/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2000/2957/schedule/1)
[^c22752041]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 5](https://www.legislation.gov.uk/uksi/2002/653/article/5) (with [art. 6](https://www.legislation.gov.uk/uksi/2002/653/article/6))
[^c22751881]: S.. 410(1)(4)(5)-(7) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22746471]: Words in [s. 410(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/5) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 68](https://www.legislation.gov.uk/ukpga/1997/16/section/68)
[^c21598791]: Source—1970 s.263(1),(2)
[^c22747561]: [S. 411(2)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/2) repealed (with effect in accordance with Sch. 7 para. 6, Sch. 8 Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22751901]: [S. 411(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/1) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22751731]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751741]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22748651]: [S. 412](https://www.legislation.gov.uk/ukpga/1988/1/section/412) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/46); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21598931]: Source—1970 s.258; 1985 Sch.9 1
[^c21598941]: Source—1970 s.258(5)-(7)
[^c21598951]: Source—1970 s.258(8); 1984 s.46(2); 1985 Sch.9 1(a)
[^c22743261]: [S. 413(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6/a) applied (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/7)
[^c21598961]: Source—1973 s.28(2)-(5); 1981 s.40(5)
[^c22743031]: [S. 413(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/8/9) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/b/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c22747511]: [S. 413(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/7)
[^c22748671]: Words in [s. 413(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 38](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/38) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22750111]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c22750131]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "non-resident company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c23441631]: [S. 413(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3) applied (with modifications) (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35)
[^c22767851]: Words in [s. 413(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5) repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22743021]: [S. 413(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5/c) and preceding word repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c23442601]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "EEA territory" inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/5/2)
[^c23443201]: [S. 413(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3/a) applied (6.4.2007) by [The Income Tax (Construction Industry Scheme) Regulations 2005 (S.I. 2005/2045)](https://www.legislation.gov.uk/uksi/2005/2045), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2045/regulation/1), [5(5)](https://www.legislation.gov.uk/uksi/2005/2045/regulation/5/5) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2005/2045/schedule/1)); Gazette issue 58269 dated 9.3.2007
[^c22746701]: [S. 403A](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750041]: Words in [s. 403A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/b) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/b) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c23441891]: [S. 403A(10)(a)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/a/ab) substituted for s. 403A(10)(a) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/2)
[^c23441921]: [S. 403A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/3)
[^c22746721]: [S. 403B](https://www.legislation.gov.uk/ukpga/1988/1/section/403B) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750071]: [S. 403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403C) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(1)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/1/5)
[^c22749751]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/1)
[^c22751481]: Words in [s. 403ZB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 36](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/36) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751501]: [S. 403ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/2) restricted (with effect in accordance with s. 579(1) of the restricting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 131(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/131/7) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22749241]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22752181]: [S. 403ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZC/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 45](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/45), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22752221]: [S. 403ZD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/6) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/2)
[^c23438571]: [S. 403ZD(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(2)(4)
[^c23438591]: [S. 403ZD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/5) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(3)
[^c23438611]: Words in [s. 403ZE(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/1/b/ii) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(2)(3)
[^c23438631]: [S. 403ZE(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/2) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(4)
[^c23550481]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35) to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
[^c23441971]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/a)
[^c23441991]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/b)
[^c23442011]: [S. 403D(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/3)
[^c23438381]: Words in [s. 403E(1)(a)(2)(4)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/1/a/2/4/5/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23546071]: [S. 403E(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/3) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23441691]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 136(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/136/1/2/c)
[^c23550461]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2006/3296/regulation/17)
[^c23550471]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23550451]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521](https://www.legislation.gov.uk/ukpga/2009/4/section/521) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c22752391]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/4) (as inserted (with effect in accordance with s. 104(5) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3))
[^c22752411]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/2/5) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 22(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/22/4))
[^c23481021]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 453](https://www.legislation.gov.uk/ukpga/2005/5/section/453), [456(7)](https://www.legislation.gov.uk/ukpga/2005/5/section/456/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598971]: *See* 1979(C) s.155(1)—*definition applied for purposes of capital gains.*
[^c21598981]: Source—1970 s.282(1)
[^c21598991]: 1989 s. 104(1) from 1 April 1989. Previously "(2) Subject to section 415 and subsection (5) below, a company resident in the United Kingdom (but not falling within subsection (1)(b) above) is a close company if-(a) on the assumtion that it is so, or (b) on the assumption that it and any other such company or companies are so, more than half of any any amount falling to be apportioned under section 423 in the case of the company (including any sum which has been apportioned to it, or could on either of those assumptions be apportioned to it, under that section) could be apportioned among five or fewer participators, or among participators who are directors.".
[^c21599001]: Source—1970 s.282(2); 1972 Sch.17 1
[^c21599011]: Repealed by 1989 ss. 104(2) and 187 and Sch. 17 Part V from 1 April 1989
[^c21599021]: Source—1970 s.282(3)
[^c21599031]: 1970 s.282(4), (5); 1972 Sch.17 1
[^c21599041]: 1989 s.104(3)*from* 1*April* 1989.*Previously* “paragraph (c) of section 416(2) and it would not be a close company if the reference in that paragraph”.
[^c21599051]: Source—1971 s.25(6)
[^c23481081]: Words in [s. 414(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/7) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 18](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/18) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23481211]: Words in [s. 414(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 77](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/77) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21599061]: Source—1970 s.283(1)-(3)
[^c21599071]: Source—1970 s.283(4)(a)
[^c21599081]: Source—1970 s.283(4)(bb); 1970(F) Sch.5 Part III 12(3)
[^c21599091]: Source—1970 s.283(4)(c)
[^c21599101]: Source—1970 s.283(5)-(8)
[^c22745911]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (with effect in accordance with [Sch. 38 para. 6(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(f)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/f)
[^c23481101]: Words in [s. 415(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/4/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 19](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/19) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23481231]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/4)
[^c21599161]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/89/1), [Sch. 16 para. 10(9)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/9) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(11)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/11/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599171]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 86(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/5), [288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [Sch. 5 paras. 2(8)(9)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/2/8/9), [8(8)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/8/8), [9(9)(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/9/9/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (1.10.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [art. 62(4)](https://www.legislation.gov.uk/nisi/1992/1725/article/62/4); [S.R. 1992/402](https://www.legislation.gov.uk/nisr/1992/402), [art. 2(a)](https://www.legislation.gov.uk/nisr/1992/402/article/2/a)
[^c22744231]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (17.12.1996) by [Housing Grants, Construction and Regeneration Act 1996 (c. 53)](https://www.legislation.gov.uk/ukpga/1996/53), [ss. 54(2)](https://www.legislation.gov.uk/ukpga/1996/53/section/54/2), [150(3)](https://www.legislation.gov.uk/ukpga/1996/53/section/150/3); [S.I. 1996/2842](https://www.legislation.gov.uk/uksi/1996/2842), [art. 3](https://www.legislation.gov.uk/uksi/1996/2842/article/3)
[^c23457351]: S, 416 applied (N.I.) (1.10.2003 for specified purposes and 1.12.2003 otherwise) by [The Housing (Northern Ireland) Order 2003 (S.I. 2003/412)](https://www.legislation.gov.uk/uksi/2003/412), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/412/article/1/3), [85(2)](https://www.legislation.gov.uk/uksi/2003/412/article/85/2); [S.R. 2003/270](https://www.legislation.gov.uk/nisr/2003/270), [art. 2(4)](https://www.legislation.gov.uk/nisr/2003/270/article/2/4), [Sch. 3](https://www.legislation.gov.uk/nisr/2003/270/schedule/3)
[^c21599181]: Source—1970 s.302(1); 1972 Sch.24 21
[^c21599191]: Words repealed by 1989 s. 187 and Sch. 17 Part v in relation to accounting periods beginning after 31 March 1989
[^c21599201]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22745921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 87(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/87/6) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11))
[^c22745941]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 9 para. 17(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8) Sch. 9 para. 17(9)
[^c22746271]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.3.1996) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 12(7)](https://www.legislation.gov.uk/ukpga/1995/45/section/12/7), [18(4)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/4) (with [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1)); [S.I. 1996/218](https://www.legislation.gov.uk/uksi/1996/218), [art. 3](https://www.legislation.gov.uk/uksi/1996/218/article/3)
[^c22746291]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (10.6.1996) by [The Gas (Northern Ireland) Order 1996 (S.I. 1996/275)](https://www.legislation.gov.uk/uksi/1996/275), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1996/275/article/1/2), [39(7)](https://www.legislation.gov.uk/uksi/1996/275/article/39/7) (with [art. 71](https://www.legislation.gov.uk/uksi/1996/275/article/71)); [S.R. 1996/216](https://www.legislation.gov.uk/nisr/1996/216), [art. 2](https://www.legislation.gov.uk/nisr/1996/216/article/2) (with [arts. 3](https://www.legislation.gov.uk/nisr/1996/216/article/3), [4](https://www.legislation.gov.uk/nisr/1996/216/article/4))
[^c22750701]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 19E(4)](https://www.legislation.gov.uk/ukpga/1986/44/section/19E/4) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 2 para. 1](https://www.legislation.gov.uk/uksi/2000/1937/schedule/2/paragraph/1))
[^c22750721]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 17E(7)](https://www.legislation.gov.uk/ukpga/1998/17/section/17E/7) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 4 para. 4](https://www.legislation.gov.uk/uksi/2000/1937/schedule/4/paragraph/4))
[^c22750881]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 8(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/8/2)
[^c22750901]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/20); and s. 416(2)-(6) applied by that para. 20 as amended by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 20 paras. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/15)
[^c22750921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 33(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/33/5)
[^c22752431]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch.15 para. 11(2D)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/11/2D/a) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 41(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/41/2))
[^c22752451]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 59(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/59/4)
[^c23457571]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 10(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/10/3) (as substituted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/3))
[^c23457581]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/11/paragraph/4/2); [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23481311]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 784(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/784/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21599211]: Source—1970 s.302(2)-(4); 1972 Sch.17 5
[^c21599221]: Source—1970 s.302(5), (6)
[^c21599351]: *Definition of* “participator”,*excluding* “loan creditor”,*applied for purposes of* 1979(C) s.149 (*capital gains tax relief on disposals to employee trusts*).*Definition of* “participator” *applied for purposes of*—1988 s.168(11)—*directors etc.*1988 s.187(3)—*share option and profit sharing schemes.*1988 s.360A—*loan to buy interest in close company.*1989 Sch.5—*employee share ownership trusts.*
[^c21599361]: In s. 417(1): definition of 'participator' applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89](https://www.legislation.gov.uk/ukpga/1991/31/section/89), [Sch. 16 paras. 4(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/4/10), [10(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/10), [11(11)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/11/11) and applied by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(12)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/12/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599371]: Source—1970 s.303(1), (2)
[^c21599381]: *See* s.360(4)(b)*ante with regard to loans made before* 14*November* 1986.
[^c21599391]: *Definition of* “associate” *applied for purposes of:*—1988 s.168 (Ch.II Part V) (*expenses of directors and others*).1988 s.312 (Ch.III Part VII) (*Business Expansion Scheme*).1989 Sch.5 para.16—*employee share ownership trusts.*
[^c21599411]: Source—1970 s.303(4)-(6)
[^c21599421]: *Definition applied for purposes of* 1988(F) s.131—*penalties; and* 1989 s.134—*non-payment of tax by non-residents.*
[^c21599431]: *Definition applied for purposes of* 1989 Sch.12 Pt.I—*close companies: administrative provisions.*
[^c21599441]: Source—1970 s.303(7)
[^c21599451]: Source—1970 s.303(8); 1972 Sch.17 7
[^c21599461]: Source—1970 s.303(7)
[^c21599401]: Source—1970 s.303(3); 1970(F) Sch.5 Part III 12(4); 1987 s.37(1)
[^c23481041]: Words in [s. 417(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [72](https://www.legislation.gov.uk/uksi/2005/3229/regulation/72)
[^c23481331]: [S. 417](https://www.legislation.gov.uk/ukpga/1988/1/section/417) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23481371]: [S. 417(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/1) applied (with modifications) (with effect in accordance with Sch 15 paras. 97, 98 of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 15 para. 82(5)(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/15/paragraph/82/5/6)
[^c23481161]: Words in [s. 417(3)(b)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b/c/i) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23481141]: Words in [s. 417(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21599471]: Source—1970 s.284(1)
[^c21599481]: Source—1970 s.284(2)
[^c21599491]: Source—1970 s.284(2)(a); 1976 Sch.9 15
[^c21599501]: 1989 s.53(2)(f).*Previously* “director's or higher-paid employment (within the meaning of section 167)”.
[^c21599511]: Source—1970 s.284(2)(aa); 1980 s.51(4)
[^c21599521]: Source—1970 s.284(2)(b); 1976 Sch.9 15; 1977 s.35(4)
[^c21599531]: Source—1970 s.284(3); 1976 Sch.9 16
[^c21599541]: Source—1970 s.284(4)-(7)
[^c23457471]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457491]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457511]: Words in [s. 418(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457531]: Words in [s. 418(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481061]: Words in [s. 418(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [73](https://www.legislation.gov.uk/uksi/2005/3229/regulation/73)
[^c21599551]: *See* 1989 s.107*and* Sch.12—*close companies: administrative provisions.*
[^c21599561]: *See* 1970(M) s.109—*application of* s.419*to corporation tax enactments generally.*
[^c21599571]: [S. 419(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1/3): 30.9.1993 appointed for the purposes of s. 419(1)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21599581]: Source—1970 s.286(1); 1972 Sch.17 3(2); 1987 (No.2) s.90(3)
[^c21599591]: Source—1970 s.286(2)
[^c21599621]: Source—1970 s.286(5); 1972 Sch.17 3(4); 1986 s.43(2); 1976 s.44
[^c21599631]: Source—1970 s.286(7)-(9)
[^c22746021]: [S. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/2)
[^c22746081]: [S. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/3)
[^c22767981]: Words in [s. 419(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/6) repealed (with effect in accordance with s. 173(6) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/4), [Sch. 41 Pt. 5(29)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/29), Note
[^c22748711]: Words in [s. 419(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1) substituted (with effect in accordance with [Sch. 3 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/2)
[^c22748911]: Words in [s. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748731]: Word in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) renumbered as s. 419(4)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/a)
[^c22748771]: [S. 419(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/b)
[^c22748871]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 47(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/3), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748761]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/c)
[^c22748801]: Word in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) renumbered as s. 419(4A)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/a)
[^c22748821]: [S. 419(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/b)
[^c22748841]: Words in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/c)
[^c22748891]: [S. 419(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4B) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21599641]: Source—1970 s.286(2)
[^c21599651]: Source—1970 s.286(3), (9); 1971 s.25(5); 1972 Sch.17 3(3)
[^c21599661]: Words omitted where the loan first mentioned in s. 420(2) is made on or after 6 April 1990-see 1988(F) s. 35 and Sch. 3 para. 16.
[^c21599701]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/4/a/5)
[^c22747651]: Words in [s. 421(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a/b) substituted (with effect in accordance with [Sch. 4 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/1/a)
[^c23480921]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480941]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480961]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480981]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481001]: Words in [s. 421(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480861]: [S. 421(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/c/d) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480891]: [S. 421(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481181]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/13), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21599751]: Source—1970 s.287A 1976 s.44(2)
[^c22770741]: Source—1970 s.323(1); 1973 s.40(7); 1982 s.58(7)
[^c22770761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (31.7.1992 with effect as mentioned in reg. 1 of the modifying S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [5](https://www.legislation.gov.uk/uksi/1992/1655/regulation/5) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [6](https://www.legislation.gov.uk/uksi/1993/3111/regulation/6); and as further amended (19.3.1997) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1997 (S.I. 1997/471)](https://www.legislation.gov.uk/uksi/1997/471), [regs. 1](https://www.legislation.gov.uk/uksi/1997/471/regulation/1), [6](https://www.legislation.gov.uk/uksi/1997/471/regulation/6))
[^c22770771]: Source—1970 s.323(2); 1970(F) Sch.5 Pt.III 11(4)
[^c22770791]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770811]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/4)
[^c22770831]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770851]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770861]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770871]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in the definition of "overseas life insurance company" substituted (27.7.1993 as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/1/3/4)
[^c22770881]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" inserted (27.7.1993 with effect in relation to accounting periods beginning after 31.12.1992) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 99(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/99/2/3)
[^c22770901]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770911]: [S. 431(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(3)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/3)
[^c22855041]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "general annuity business" and "pension business" repealed (with effect in accordance with Sch. 8 para. 57, Sch. 29 Pt. 8(5) Notes 2, 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22855071]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855011]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22854971]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance company" substituted (with effect in accordance with [s. 52(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/1)
[^c22854991]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855031]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "linked assets" substituted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/1)
[^c22855091]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "offshore income gain" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life asurance business" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance business" inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855111]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word following the definition of "overseas life assurance company" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22854981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "pension business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855131]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "policy holders' fraction" and "shareholders' fraction" inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch.8 para.1](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/1) and repealed (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 6
[^c22855021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855121]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855141]: [S. 431(2A)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855431]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (20.3.1997 with effect as mentioned in reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/1997/473/regulation/6) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3629/regulation/1), [156](https://www.legislation.gov.uk/uksi/2001/3629/regulation/156), [165(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/regulation/165/2/b); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [4](https://www.legislation.gov.uk/uksi/2003/23/regulation/4); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [6](https://www.legislation.gov.uk/uksi/2004/822/regulation/6); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/2005/regulation/5))
[^c22855441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (20.3.1997 with effect as mentioned in reg. 7(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/1997/473/regulation/7)
[^c22855401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "industrial assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "ordinary long term business" and "ordinary life assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" repealed (with effect in accordance with Sch. 6 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/5/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22855471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [7](https://www.legislation.gov.uk/uksi/1998/1871/regulation/7)
[^c22855481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [5](https://www.legislation.gov.uk/uksi/1999/498/regulation/5)
[^c22855491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/a), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22855501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "contract of insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/2)
[^c22855521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "insurance business transfer scheme" and "insurance company" substituted for definition of "insurance company" (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/3)
[^c22855541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term business" substituted for definition of "long term business" (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/5)
[^c22855581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/b)
[^c22855591]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/a)
[^c22855551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" inserted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/6)
[^c22855561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "periodical return" substituted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/7)
[^c22855571]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Prudential Sourcebook (Insurers)" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/8)
[^c23572411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "brought into account" inserted (with effect in accordance with [Sch. 33 para. 20(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/2)
[^c23572451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" inserted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 25](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/25)
[^c23572471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "period of account" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 29](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/29)
[^c23572431]: [S. 431(2ZA)-(2ZE)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZA) inserted (with effect in accordance with [Sch. 33 para. 22(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 22(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/1)
[^c23572551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [5](https://www.legislation.gov.uk/uksi/2004/2680/regulation/5); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23573041]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2005/2014/regulation/6) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2134/regulation/6); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(2)(3)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/2/3), [4](https://www.legislation.gov.uk/uksi/2008/1937/regulation/4))
[^c23572961]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" inserted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/2)
[^c23572981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "liabilities" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/3)
[^c23573021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" repealed (with effect in accordance with Sch. 9 para. 2(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/4), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10), Note 1
[^c23573001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "value" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/5)
[^c23573061]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "free assets amount" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/a)
[^c23573101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/b)
[^c23573081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "shareholders' excess assets" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/c)
[^c23573121]: Word at the end of s. 431(2ZB)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/a)
[^c23573201]: Words in [s. 431(2ZB)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/b)
[^c23573161]: [S. 431(2ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/c)
[^c23573221]: Words in [s. 431(2ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/d)
[^c23573141]: Word at the end of s. 431(2ZC)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/a)
[^c23573241]: Words in [s. 431(2ZC)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/b)
[^c23573181]: [S. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/c)
[^c23573261]: Words in [s. 431(2ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/d)
[^c23573281]: Word in [s. 431(ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/ZB/d) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [art. 2](https://www.legislation.gov.uk/uksi/2006/1358/article/2)
[^c23573311]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "General Prudential Sourcebook" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/a)
[^c23573351]: [2000 c. 8](https://www.legislation.gov.uk/ukpga/2000/8)
[^c23573361]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "insurance company" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/b)
[^c23573331]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "the Insurance Prudential Sourcebook" and "insurance special purpose vehicle" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/c)
[^c23573381]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(d)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/d)
[^c23573401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (a) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(i)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/i)
[^c23573421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (b) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/ii)
[^c23573441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "value" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(f)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/f)
[^c23582841]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/a)
[^c23582861]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/b)
[^c23593801]: [S. 431(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/1) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/11/2)
[^c23573581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "annuity business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/3/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23573461]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "child trust fund business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593781]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "fair value" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/1)
[^c23573481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign currency assets" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "gross roll-up business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593621]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the I minus E basis" inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/3) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23573521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "immediate needs annuities business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "individual savings account business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593641]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance business transfer scheme" substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/1)
[^c23593741]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "internal linked fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/1)
[^c23573621]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life assurance business" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593821]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the life assurance provisions of the Corporation Tax Acts" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/11/3)
[^c23593761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "net value" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/1)
[^c23593681]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "non-profit company" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23593701]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "non-profit fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23573601]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance fund" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/3/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23573561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "PHI business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573641]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance" substituted for definition of "reinsurance business" (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593721]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "with-profits fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23574401]: [S. 431(2ZF)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZF) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593661]: [S. 431(2ZG)(2ZH)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZG/2ZH) inserted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/3)
[^c23594271]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/3)
[^c23595711]: [S. 431A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/5) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/1/2/a), [Sch. 26 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/14)
[^c23595731]: Words in [s. 431A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/1) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 12(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/12/2)
[^c23595771]: Words in [s. 431A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/3/a) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/7), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23595751]: [S. 431A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/7) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 12(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/12/3), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21600341]: See 1989 ss.82-92 for changes made by Finance Act 1989 and 1990 ss.41-48 for changes made by Finance Act 1990.
[^c23596011]: [S. 431B](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 20](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/20) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(2)-(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/2)(7)) ( with Sch. 36)
[^c22783381]: [S. 431C](https://www.legislation.gov.uk/ukpga/1988/1/section/431C) modified (with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 11](https://www.legislation.gov.uk/uksi/1995/1730/regulation/11) (as amended by: [S.I. 1996/1621](https://www.legislation.gov.uk/uksi/1996/1621), [regs. 1](https://www.legislation.gov.uk/uksi/1996/1621/regulation/1), [5](https://www.legislation.gov.uk/uksi/1996/1621/regulation/5); [S.I. 2003/2573](https://www.legislation.gov.uk/uksi/2003/2573), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2003/2573/regulation/10); [S.I. 2007/2087](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2087/regulation/6))
[^c22804931]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c23596121]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22806141]: [S. 431D(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2) substituted for s. 431D(2)-(8) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/2) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c23596131]: Words in [s. 431D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 176](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/176) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23596191]: [S. 431D(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1/1A) substituted for s. 431D(1) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23596211]: Words in [s. 431D(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23596241]: Words in [s. 431D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/4) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22804971]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [9](https://www.legislation.gov.uk/uksi/1998/1871/regulation/9)
[^c23599481]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [7](https://www.legislation.gov.uk/uksi/2004/2680/regulation/7); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23599491]: Words in [s. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/11) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22786001]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432): word in sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771521]: Source—1970 s.307
[^c22857411]: Words in [s. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794391]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (20.3.1997 with effect in accordance with reg. 8(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [8(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/8/2)
[^c23602111]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2005/2014/regulation/8) (and that modifying reg. 8 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2007/2134/regulation/8))
[^c22789521]: [S. 432(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432/2) repealed (with effect in accordance with s. 167(10), Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/1), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22807851]: Words in [s. 432ZA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/1)
[^c22807871]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/2)
[^c22811311]: Words in [s. 432ZA(2)(a)(b)(3)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/2/a/b/3/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/b)
[^c23607281]: Words in [s. 432ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/1) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 4(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/4/2)
[^c23611131]: Words in [s. 432ZA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/5) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 15(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/15/1)
[^c23611111]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6): definition of "internal linked fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23611081]: Words in [s. 432ZA(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/12) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22771551]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (3.5.1994) by Finance Act 1994, (c. 9), s. 169, Sch. 18 para 1(4)
[^c22771561]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 6-8](https://www.legislation.gov.uk/uksi/1992/1655/regulation/6) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [7](https://www.legislation.gov.uk/uksi/1993/3111/regulation/7); and as further amended (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/1916/regulation/5))
[^c22857421]: [S. 432A(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/2)
[^c22857431]: Words in [s. 432A(5)(6)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5/6/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857451]: [S. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771691]: [S. 432A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/10) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/a), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (8), Note
[^c22789591]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793961]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para 19](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/19)
[^c22794411]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1997/473/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/473/regulation/13) (as amended by: [S.I. 2000/2710](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2710/regulation/4); [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1](https://www.legislation.gov.uk/uksi/2001/3629/article/1), [157](https://www.legislation.gov.uk/uksi/2001/3629/article/157), [165](https://www.legislation.gov.uk/uksi/2001/3629/article/165); [S.I. 2001/3975](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [4](https://www.legislation.gov.uk/uksi/2001/3975/regulation/4); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [5](https://www.legislation.gov.uk/uksi/2003/23/regulation/5), [6](https://www.legislation.gov.uk/uksi/2003/23/regulation/6); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [8](https://www.legislation.gov.uk/uksi/2004/822/regulation/8), [9](https://www.legislation.gov.uk/uksi/2004/822/regulation/9); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/2005/regulation/6))
[^c22794451]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [10-12](https://www.legislation.gov.uk/uksi/1997/473/regulation/10)
[^c22804991]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [10](https://www.legislation.gov.uk/uksi/1998/1871/regulation/10)
[^c22806261]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3A/5) (as inserted (with effect in accordance with s. 109(10) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/8))
[^c22811141]: Words in [s. 432A(1)(a)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1/a/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/c)
[^c22806231]: [S. 432A(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A/9B) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/6)
[^c22813061]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 138(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/138/2/3)
[^c23603821]: [S. 432A(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9B) repealed (with effect in accordance with Sch. 43 Pt. 3(12), Note 1 of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23603841]: Words in [s. 432A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/2)
[^c23603861]: [S. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/3)
[^c23603901]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [8](https://www.legislation.gov.uk/uksi/2004/2680/regulation/8); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23603881]: Words in [s. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/4)
[^c23603931]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [9](https://www.legislation.gov.uk/uksi/2007/2134/regulation/9); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2008/1937/regulation/6))
[^c23605881]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/a)
[^c23605901]: Word at the end of s. 432A(7)(a) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/b)
[^c23605921]: [S. 432A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/c)
[^c23605951]: [S. 432A(8)-(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted for s. 432A(8) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(5)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/5)
[^c23606011]: Words in [s. 432A(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8B) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [5](https://www.legislation.gov.uk/uksi/2006/3270/article/5)
[^c23606131]: Words in [s. 432A(8)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8/a/i) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(5)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/5/a)
[^c23606151]: Words in [s. 432A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(5)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/5/b)
[^c23606171]: [S. 432A(8ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8ZA) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(6)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/6)
[^c23606531]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) excluded by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(14)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/14) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c23606191]: Word in [s. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606211]: [S. 432A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/a) substituted for s. 432A(2)(a)-(f) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606231]: Word in [s. 432A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606431]: [S. 432A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606251]: [S. 432A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/4A) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606271]: Word in [s. 432A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(7)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/7/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606451]: Words in [s. 432A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(7)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/7/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606291]: [S. 432A(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6) substituted for s. 432A(6)-(6AA) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606311]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606331]: Words in [s. 432A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606351]: Words in [s. 432A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/b) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606471]: Words in [s. 432A(7)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/i) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/d), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606411]: Words in [s. 432A(7)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/ii) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/5) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23606371]: Words in [s. 432A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606391]: Words in [s. 432A(8ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8ZA) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(11)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/11) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606491]: [S. 432A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(12)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/12), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606511]: [S. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23606561]: Words in [s. 432A(7)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/i) omitted (13.8.2007 with effect in accordance with reg. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2007 (S.I. 2007/2086)](https://www.legislation.gov.uk/uksi/2007/2086), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/6/1)
[^c22771711]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 9](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [8](https://www.legislation.gov.uk/uksi/1993/3111/regulation/8))
[^c22771721]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [10](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10)
[^c22771731]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [9(1)](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9/1)
[^c22786291]: Words in [s. 432B(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1/2) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786071]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786091]: [S. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786361]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23613921]: [S. 432B(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 6(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/6/2)
[^c23613941]: [S. 432B(8)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8) substituted for s. 432B(8) (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(2)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/2)
[^c23614001]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/i)
[^c23614021]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/ii)
[^c23614041]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (a) of definition of "shareholders' excess income" inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(d)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/d)
[^c23614061]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/i)
[^c23614081]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/ii)
[^c23614101]: Words in [s. 432B(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/i)
[^c23614121]: [S. 432B(11)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/ii)
[^c23614141]: [S. 432B(11)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iii)
[^c23614161]: Words in [s. 432B(11)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iv)
[^c23614181]: Words in [s. 432B(11)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/iii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(v)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/v)
[^c23614201]: Words in [s. 432B(11)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/i)
[^c23614221]: [S. 432B(11)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/ii)
[^c23614241]: Words in [s. 432B(11)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iii)
[^c23614261]: Words in [s. 432B(11)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/iii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iv)
[^c23614281]: Words in [s. 432B(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/i)
[^c23614301]: [S. 432B(11)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/ii)
[^c23614321]: Words in [s. 432B(11)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/iii)
[^c23614341]: [S. 432B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/12) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/5)
[^c23614821]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 9A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2007/2134/regulation/10) (and that modifying reg. 10 is omitted (12.8.2008 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2008/1937/regulation/7)))
[^c23614421]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/2/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614441]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/2/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614461]: Words in [s. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614481]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/4/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614501]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/4/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614521]: Words in [s. 432B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614541]: Word in [s. 432B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614651]: [S. 432B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/b) and preceding word repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/c), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614561]: Words in [s. 432B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/6/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614671]: Words in [s. 432B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/6/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614581]: Words in [s. 432B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/6) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614691]: Words in [s. 432B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/7) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/8), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614721]: Words in [s. 432B(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/9), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614761]: Words in [s. 432B(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8C) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/10), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614781]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): definition of "the relevant fraction" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(11)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/11/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614801]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): definition of "the section 83 net amount" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(11)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/11/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614601]: Words in [s. 432B(10)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/10/a/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(12)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/12/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614631]: [S. 432B(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/10/c) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(12)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/12/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615141]: [S. 432C](https://www.legislation.gov.uk/ukpga/1988/1/section/432C) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 17](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/17) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22771841]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22786701]: Words in [s. 432E(3)(a)(b)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a/b/6/a) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771851]: *For orders see* Part III Vol.5 (*under* “*Life assurance apportionment of participating funds: applicable percentage*”).
[^c22866001]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/1997/473/regulation/14) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [10](https://www.legislation.gov.uk/uksi/2004/822/regulation/10))
[^c23615431]: [S. 432E(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/a) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615451]: Words in [s. 432E(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/b) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615551]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2005/2014/regulation/12) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [12](https://www.legislation.gov.uk/uksi/2007/2134/regulation/12))
[^c23615491]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/a)
[^c23615511]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inerted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/b)
[^c23615531]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/3)
[^c23615561]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/2)
[^c23615581]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/3)
[^c23615601]: Words in [s. 432E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(2)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/2)
[^c23615621]: Words in [s. 432E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/3)
[^c23615641]: [S. 432E(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(4)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/4)
[^c23615661]: [S. 432E(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1/1A) substituted for s. 432E(1) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615701]: Words in [s. 432E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615881]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/3), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23615791]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/2/a); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615911]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/8/2); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615811]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/2/b); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615931]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/8/2); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615711]: Words in [s. 432E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615831]: Words in [s. 432E(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/b) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/b/i), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23615731]: Words in [s. 432E(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/b) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/b/ii) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615751]: Words in [s. 432E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615771]: Words in [s. 432E(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4A) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615851]: [S. 432E(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/5/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/7), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22794531]: [S. 432F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/1997/473/regulation/15); and that modifying reg. 15 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 11](https://www.legislation.gov.uk/uksi/2004/822/regulation/11)
[^c23633031]: [Ss. 432B-432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) applied (1.4.2010 with effect in accordance with s. 381(1) of the affecting Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/102/3) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23631891]: Words in [s. 432F(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 20(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/20/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23631911]: Words in [s. 432F(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 20(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/20/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22805921]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13A](https://www.legislation.gov.uk/uksi/1997/473/regulation/13A) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c22805011]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [11](https://www.legislation.gov.uk/uksi/1998/1871/regulation/11)
[^c23613561]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/2014/regulation/10) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2007/2134/regulation/11); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2008/1937/regulation/8))
[^c22811251]: Words in [s. 432AA(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/2/3/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/d)
[^c23613551]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [9](https://www.legislation.gov.uk/uksi/2004/2680/regulation/9); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23613591]: [S. 432AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/3) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/2), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23613571]: [S. 432AA(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4/a) substituted for s. 432AA(4)(a)-(d) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23613631]: Words in [s. 432AA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22805941]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13B](https://www.legislation.gov.uk/uksi/1997/473/regulation/13B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c23613711]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2005/2014/regulation/11)
[^c23613691]: [S. 432AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 17(2)
[^c23613721]: [S. 432AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 15](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/15), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23631991]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 21](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/21) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23633041]: [Ss. 432B-432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) applied (1.4.2010 with effect in accordance with s. 381(1) of the affecting Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/102/3) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23611171]: Words in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/a)
[^c23611191]: Word in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/b)
[^c23611211]: Words in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(c)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/c)
[^c23611231]: [S. 432YA(2)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/2) substituted for s. 432YA(2) (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/3)
[^c23611271]: [S. 432YA(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/3/4) omitted (17.4.2007 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(4)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/4)
[^c23611251]: [S. 432YA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/6) added (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/5)
[^c23611311]: Words in [s. 432YA(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/2A) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/3/a)
[^c23611331]: [S. 432YA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/5): definitions of "non-profit company" and "non-profit fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23601861]: [S. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 12](https://www.legislation.gov.uk/uksi/1995/1730/regulation/12) (as amended (13.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment) Regulations 2007 (S.I. 2007/2087)](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2007/2087/regulation/8))
[^c23602081]: [S. 431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2007/2134/regulation/7); and as amended by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [5](https://www.legislation.gov.uk/uksi/2008/1937/regulation/5))
[^c22771881]: [S. 434](https://www.legislation.gov.uk/ukpga/1988/1/section/434) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22787961]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/19/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788001]: [S. 434(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/2/7) repealed (with effect in accordance with Sch. 29 Pt. 8(5) Note 2 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22771941]: [S. 434(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/3A) substituted for s. 434(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/3/1)
[^c22772001]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/4)
[^c22772011]: Source—1970 s.310(6)
[^c22772021]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772031]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772061]: 1990 s.45(7).
[^c22772071]: Word at the end of s. 434(6A)(a) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5), [Sch. 26 pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22772081]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5)
[^c22795751]: [S. 434(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1) (with effect in accordance with [Sch. 3 para. 3(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 3(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/2)
[^c22795841]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) repealed (with effect in accordance with Sch. 6 para. 3(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22795881]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) repealed (with effect in accordance with Sch. 6 para. 6(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801461]: [S. 434(3)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/6/8) repealed (with effect in accordance with Sch. 3 para. 25(5)(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 25(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/25/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23635561]: Words in [s. 434(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3A) substituted (with effect in accordance with [Sch. 33 para. 12(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/2)
[^c23635621]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1)(1B) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 22(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/22/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23635641]: [S. 434(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/b) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 22(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/22/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22788031]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 20(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/20/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874051]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/a/2)
[^c22874131]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874121]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/3)
[^c22870371]: [S. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874071]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/b)
[^c22871451]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22796071]: [S. 434A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/1) repealed (with effect in accordance with Sch. 3 para. 4(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/4/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22874141]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/a)
[^c23635731]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/b)
[^c23635771]: [S. 434A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/i) repealed (with effect in accordance with s. 38(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/4), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23635791]: Words in [s. 434A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/2/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23635811]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/2/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23635831]: Words in [s. 434A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23635851]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 15(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/15/2)
[^c22783461]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 10A](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10A) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772351]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772361]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772371]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772381]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22788141]: [S. 437(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/6) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22794651]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/1997/473/regulation/21) ( as amended (31.12.1997) with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment No. 2) Regulations 1997 (S.I. 1997/2877)](https://www.legislation.gov.uk/uksi/1997/2877), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/2877/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/1997/2877/regulation/4))
[^c22874681]: [S. 437(1A)-(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1) (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/5), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22794021]: [S. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1A)(1B) (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/1)
[^c22794041]: Words in [s. 437(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c22794061]: [S. 437(1CA)-(1CD)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1CA) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c23648521]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/9)
[^c23648541]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 18
[^c23648621]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2005/2014/regulation/14)
[^c23648561]: Words in [s. 437(1C)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648601]: Word at the end of s. 437(1C)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648581]: [S. 437(1C)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/d) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23650411]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/6) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c22772391]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/5)
[^c22772401]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22772411]: Source—1970 s.314(1); 1970(F) Sch.5 Part III 11(3), (6)(c)
[^c22772441]: [S. 438(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3AA) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/2)
[^c22772501]: 1990 s.45(9).
[^c22772511]: [S. 438(6B)-(6E)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/6B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/4)
[^c22788391]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22805151]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [14](https://www.legislation.gov.uk/uksi/1998/1871/regulation/14) (and as substituted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2075/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2075/regulation/4))
[^c22800601]: [S. 438(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3/3AA) repealed (with effect in accordance with Sch. 3 para. 6(7) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800631]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)-(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note (with Sch. 3 para. 13(17))
[^c22800771]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)(8), Sch. 8 Pt. 2(6) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22800781]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) repealed (with effect in accordance with Sch. 3 para. 6(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/6), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23653041]: [S. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [12](https://www.legislation.gov.uk/uksi/2004/2680/regulation/12); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23652971]: [S. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note
[^c23652991]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 26(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/26/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653011]: [S. 438(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/2/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 26(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/26/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772631]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22789381]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg 10C](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10C) (as inserted (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772641]: [S. 440(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1) excluded (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/6/4)
[^c22772661]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 4](https://www.legislation.gov.uk/uksi/1995/171/regulation/4), [5](https://www.legislation.gov.uk/uksi/1995/171/regulation/5) (as amended (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [3](https://www.legislation.gov.uk/uksi/1997/472/regulation/3))
[^c22772681]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788831]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/5/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788861]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/57/1) of the amending Act) by Finance Act 1995, Sch. 8 para. 5(3), s. 55(2)
[^c22788881]: [S. 440(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/6) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794671]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/1997/473/regulation/22) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/1), [165(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/d); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [18](https://www.legislation.gov.uk/uksi/2004/822/regulation/18))
[^c22794691]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/1997/473/regulation/23) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/2)); and that modifying reg. 23 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 19](https://www.legislation.gov.uk/uksi/2004/822/regulation/19)
[^c22794871]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 4A(3) of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A(1)(2)(a)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A/1/2/a) (as inserted (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c22790111]: [S. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/25) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22794711]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending Regulations) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/1997/473/regulation/24), [25](https://www.legislation.gov.uk/uksi/1997/473/regulation/25); and that modifying reg. 25 is omitted (8.4.2004 with effect in accordance with regs. 1, 20(2) of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 20(1)](https://www.legislation.gov.uk/uksi/2004/822/regulation/20/1)
[^c22805171]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [15](https://www.legislation.gov.uk/uksi/1998/1871/regulation/15)
[^c22812611]: [S. 440(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2/a) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 28(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 28(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/28/1)
[^c22811381]: Words in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/g)
[^c22813141]: [S. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/5) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23653211]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2005/2014/regulation/16) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [16](https://www.legislation.gov.uk/uksi/2007/2134/regulation/16))
[^c23653291]: Words in [s. 440(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1/2) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/2/a)
[^c23653331]: [S. 440(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A/2B) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23653231]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653251]: [S. 440(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/a) substituted for s. 440(4)(a)-(c) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653271]: Word in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653361]: [S. 440(4)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/f) modified by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(12)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/12) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c23653311]: [S. 440(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22794751]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [26](https://www.legislation.gov.uk/uksi/1997/473/regulation/26), [27](https://www.legislation.gov.uk/uksi/1997/473/regulation/27); and that modifying reg. 27 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 21](https://www.legislation.gov.uk/uksi/2004/822/regulation/21)
[^c22788901]: [S. 440A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a) substituted for s. 440A(2)(a)(b) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772811]: *See* 1990 s.41*and* Sch.6 para.12(2)—subs.(d)*omitted for period* 1*January* 1990*to* 19*March* 1990*inclusive.*
[^c22772821]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772851]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772861]: Words in [s. 440A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22772871]: [S. 440A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788931]: [S. 440A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/7) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874781]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [14](https://www.legislation.gov.uk/uksi/1992/1655/regulation/14), [15](https://www.legislation.gov.uk/uksi/1992/1655/regulation/15) (as amended (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5))
[^c22874791]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [16](https://www.legislation.gov.uk/uksi/1992/1655/regulation/16) (as substituted (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/1993/3111/regulation/10))
[^c22802301]: Words in [s. 440A(3)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/3/4/6) substituted (with effect in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/a)
[^c23653411]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2005/2014/regulation/17) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [17](https://www.legislation.gov.uk/uksi/2007/2134/regulation/17))
[^c22811391]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/h)
[^c23653431]: [S. 440A(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i/ii) substituted for s. 440A(2)(a)(i)-(iii) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653491]: [S. 440A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/c) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23653451]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(c)(i)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/c/i) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653471]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/c/ii) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653511]: [S. 440A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/e) modified by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(13)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/13) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c22790131]: [S. 440B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A) inserted (with effect in accordance with [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/1)
[^c22799901]: [S. 440B(1A)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A/2) repealed (with effect in accordance with Sch. 3 para. 8(4)(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 8(2)(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/8/2/3), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811401]: Words in [s. 440B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/i)
[^c23653581]: Words in [s. 440B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/2) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653601]: Words in [s. 440B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/3) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653541]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 33(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/33/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653561]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 33(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/33/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653621]: [S. 440B(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4A/4B) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653641]: [S. 440B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/5) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/5), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c22773031]: Source—1977 s.45(1)—(4); 1979(C) Sch.7
[^c22773051]: [S. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) excluded by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(8)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/8) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22773071]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(24)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/24) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22790191]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) repealed (with effect in accordance with [s. 164(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c23653981]: Words in [s. 442(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/1) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23653991]: [S. 442(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/4) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22789421]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) restricted (28.7.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [regs. 9](https://www.legislation.gov.uk/uksi/1995/1730/regulation/9), [10](https://www.legislation.gov.uk/uksi/1995/1730/regulation/10)
[^c22794811]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [29](https://www.legislation.gov.uk/uksi/1997/473/regulation/29)
[^c23654091]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2005/2014/regulation/19)
[^c23654031]: Words in [s. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) substituted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/2)
[^c23654051]: [S. 442A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/3A) inserted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/3)
[^c23654071]: Words in [s. 442A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/4) repealed (with effect in accordance with Sch. 33 para. 23(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/4), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 4
[^c22794831]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [30](https://www.legislation.gov.uk/uksi/1997/473/regulation/30) (as amended (1.12.2001) by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [159](https://www.legislation.gov.uk/uksi/2001/3629/article/159)); and that modifying reg. 30 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 23](https://www.legislation.gov.uk/uksi/2004/822/regulation/23)
[^c22786591]: [S. 444A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3A) inserted (with effect in accordance with [Sch. 8 para. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786611]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22811621]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 29(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 29(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/29/1)
[^c22811421]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/h)
[^c23654131]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/2)
[^c23654151]: [S. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/3)
[^c23654171]: Words in [s. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/1)
[^c23654191]: [S. 444A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/2) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(2)
[^c23654211]: Words in [s. 444A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/4) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(3)
[^c23654321]: Words in [s. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/2/2), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23654251]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23654291]: [S. 444A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/b) and preceding word repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23654271]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23654341]: [S. 444A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/7/8) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/2/3), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23662081]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/1)
[^c23680301]: [S. 444AB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/5/a) substituted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/2)
[^c23680961]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) inserted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/3)
[^c23680981]: Words in [s. 444AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/4)
[^c23683271]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23683251]: [S. 444AB(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/11) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/b), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23694111]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/b)
[^c23694141]: Words in [s. 444AC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(3)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/3)
[^c23694241]: [S. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) heading substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/5)
[^c23694161]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/a)
[^c23694181]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/b)
[^c23694201]: [S. 444AC(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2A) inserted (with effect in accordance with [Sch. 9 para. 7(6)(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/3)
[^c23694221]: [S. 444AC(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/4) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/4)
[^c23694261]: Words in [s. 444AC(2B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/a) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/a)
[^c23694281]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) inserted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/b)
[^c23694301]: Words in [s. 444AC(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2C) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/3)
[^c23694331]: Words in [s. 444AC(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5/a) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/4)
[^c23694351]: [S. 444AC(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5A) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/5)
[^c23694371]: Words in [s. 444AC(2)(2A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/2A/5) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/a)
[^c23694411]: [S. 444AC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/3) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/b)
[^c23694431]: Words in [s. 444AC(2B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694451]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694471]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694491]: Words in [s. 444AC(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2D) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694511]: Words in [s. 444AC(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/10) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694551]: [S. 444AC(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/11): opening words and definition of "fair value" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23694531]: [S. 444AC(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/11): definition of "insurance business transfer scheme" repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/c), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23694791]: [S. 444AD(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/a) substituted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/1)
[^c23694831]: [S. 444AD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/6) inserted (with effect in accordance with [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/2)
[^c23694851]: Words in [s. 444AD(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/b) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [7](https://www.legislation.gov.uk/uksi/2006/3270/article/7)
[^c23694871]: [S. 444AD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23690391]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23642001]: [S. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 13A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2007/2134/regulation/14))
[^c23642011]: [S. 436A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/436A/3): "83ZA" substituted for "83AB" (with effect in accordance with [Sch. 9 para. 17(2)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/12); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635411]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9)
[^c22875571]: [S. 444BA](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) modified (23.12.1996 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)](https://www.legislation.gov.uk/uksi/1996/2991), [regs. 4-12](https://www.legislation.gov.uk/uksi/1996/2991/regulation/4)
[^c22811681]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c22811641]: Words in [s. 444BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/10) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/3)
[^c22811661]: [S. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/4)
[^c23710921]: Words in [s. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (with effect in accordance with [Sch. 9 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/2)
[^c22811781]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c23711001]: Words in [s. 444BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BB/3/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22798721]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22811831]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811791]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811851]: [S. 444BD(2)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/2/a/i) substituted for s. 444BD(2)(a)(i)(ii) (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/7)
[^c22811871]: Words in [s. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/a)
[^c22811891]: [S. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7): definition of "EC company" and preceding word repealed (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/b)
[^c23710381]: Words in [s. 444AF(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 37(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/37/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710401]: Words in [s. 444AF(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 37(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/37/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710421]: [S. 444AK(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/1/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710441]: Words in [s. 444AK(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710461]: Words in [s. 444AK(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21604431]: Source—1970 s.331
[^c21604441]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23711241]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 79](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/79), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23712981]: Words in [s. 460(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3/b) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(5)(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/5/6)
[^c23715871]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) inserted (retrospectively for specified purposes, and otherwise with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/2), [6(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1/3)
[^c23715891]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21604881]: Source—1970 s.332(1). 1974 s.27(1)(a)
[^c21604891]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604901]: Source—1970 s.333(1)
[^c21604911]: Words in [s. 460(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/a); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604921]: [S. 460(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/aa) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/b); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604931]: Source—1970 s.332(2)(aa); 1987 (No.2) Sch.2 2(1)
[^c21604941]: Source—1970 s.332(2)(a); 1984 s.73(2); 1987 s.30(2)
[^c21604951]: [S. 460(2)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ai) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/3)
[^c21604961]: Words in [s. 460(2)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/i) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/4)
[^c21604971]: 1990 s.49(1)(a) Previously £100
[^c21604981]: 1990 s.49(1)(b).
[^c21604991]: Words in [s. 460(2)(c)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ia) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/5)
[^c21605001]: [S. 460(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ca) and word "and" substituted for word "and" by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(6)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/6)
[^c21605011]: Source—1970 s.332(2)(b)
[^c21605021]: Source—1970 s.332(3); 1987 s.30(3)
[^c21605041]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/a)
[^c21605051]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/b)
[^c21605061]: [S. 460(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(8)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/8)
[^c21605071]: Source—1970 s.332(4); 1975 (No.2) s.52(1); 1980 s.57(1)
[^c21605081]: Words in [s. 460(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/5) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605091]: Source—1970 s.332(5); 1975 (No.2) s.52(1); 1984 s.73(3)
[^c21605111]: Source—1970 s.332(6)—(9); 1975 (No.2) s.52(1)
[^c21605181]: 1990 s. 48 and Sch. 9 para. 6 in relation to transfers of business on or after 1 January 1990
[^c21605201]: Source—1970 s.332(10); 1976 s.48(1)
[^c21605211]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22805211]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(5)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/5))
[^c22765081]: [S. 460(2)(c)(zai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/zai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/2)
[^c22765101]: Words in [s. 460(2)(c)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/3)
[^c22765121]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/4)
[^c22765151]: Words in [s. 460(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/5)
[^c22765171]: Words in [s. 460(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/6)
[^c22808971]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/1)
[^c23712991]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20); and that modifying reg. 20 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [18(b)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/b)
[^c22812121]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/2)
[^c22812141]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) inserted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/3)
[^c22812191]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/a)
[^c22812201]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/b)
[^c23715851]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 80](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/80), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23715971]: Words in [s. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23715991]: Word at the end of s. 460(2)(ca) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23716011]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/c), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23715951]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/d), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23715911]: [S. 460(12)-(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/12) substituted for s. 460(12) (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 1(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/4)
[^c23715931]: [S. 460(15)(16)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/15/16) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 1(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/5)
[^c21605651]: Source—1970 s.332(1); 1974 s.27(1)(a)
[^c21605661]: Source—1974 s.27(2)
[^c21605671]: Source—1974 s.27(1)(b)
[^c21605681]: Source—1970 s.332(11), (12)(b); 1976 s.48(1)
[^c21605701]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605711]: Source—1974 s.27(3)—(7); 1985 s.41(10); 1987 Sch.15 6
[^c22808991]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch 25 para. 8(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/2)
[^c22812241]: Words in [s. 461(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/a)
[^c22812281]: Word in [s. 461(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/b)
[^c22812321]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/a)
[^c22886541]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/b)
[^c22812351]: Words in [s. 461(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2110/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/a)
[^c22812381]: Words in [s. 461(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/b)
[^c22812401]: [S. 461(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/5)
[^c22812421]: [S. 461(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/11) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/6)
[^c23717541]: Words in [s. 461(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 81(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/81/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717561]: Words in [s. 461(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 81(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/81/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717601]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 41](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/41), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23717621]: [S. 461(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4A/4B) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/2)
[^c23717641]: Words in [s. 461(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/5) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/3)
[^c23717661]: [S. 461(12)(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/12/13) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/4)
[^c21605881]: Source—1970 s.336; 1985 Sch.10 Part II
[^c21605891]: Words in [s. 462(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9) par. 8(2) [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717861]: [S. 462(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/1/1A) substituted for s. 462(1) (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(2)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/2/6)
[^c23717881]: Words in [s. 462(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(3)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/3/6)
[^c23717901]: Words in [s. 462(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/3) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(4)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/4/6)
[^c21605981]: *See* 1990 s.50(1)—s.463*was renumbered as* s.463(1).
[^c21605991]: *For regulations see* Part III Vol.5 (*under* “*Friendly Societies*”).
[^c21606001]: Source—1970 s.335(1)
[^c21606011]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/10); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606021]: 1990 s.50(2).
[^c22790281]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) inserted (with effect in accordance with [s. 171(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/5)
[^c22811431]: Words in [s. 463(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/i)
[^c21606281]: [S. 464](https://www.legislation.gov.uk/ukpga/1988/1/section/464): power to amend conferred (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 162](https://www.legislation.gov.uk/ukpga/1993/48/section/162), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S. I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606331]: [S. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/2)
[^c21606341]: Words in [s. 464(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/a) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/3)
[^c21606361]: [S. 464(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/4)
[^c21606381]: [1969 c. 19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21606391]: Words in [s. 464(5)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/d/ii) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606401]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/4); [S. I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22765201]: [S. 464(3)(zza)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/zza) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/2)
[^c22765221]: Words in [s. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/3)
[^c22765241]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/4)
[^c22765261]: Words in [s. 464(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/5)
[^c23718001]: [S. 464(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/21) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23718021]: [S. 464(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/1): first sentence substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/2)
[^c23718041]: Words in [s. 464(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/3)
[^c21606351]: 1990 s.49(3), (4) Previously "Kingdom) contracts under which the total premiums payable in any period of 12 months exceed £100 unless all those contracts were entered into before 1st September 1987" and "limit" respectively
[^c23718061]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/4)
[^c23718081]: Words in [s. 464(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/6) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/5)
[^c23718101]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/a)
[^c23718121]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/b)
[^c23718151]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/c)
[^c21606451]: Source—1985 Sch.10 Part III
[^c21606461]: Words in [s. 465(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/3) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c21606471]: [S. 465(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/6) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.12](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12) ; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23718191]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "tax exempt life or endowment business" substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21606641]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606651]: Definition in s. 466(2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606661]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606671]: Definition of “registrar” in s. 466(2) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) APPENDIX
[^c21606681]: Words in [s. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606691]: Source—1970 s.337(4); 1985 s.41(7)(e)
[^c21606701]: Words in [s. 466(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14)(8; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2))
[^c21606711]: [S. 466(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/5) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(9)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22790301]: [S. 466(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted for s. 466(1) (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/1)
[^c22805251]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [17](https://www.legislation.gov.uk/uksi/1998/1871/regulation/17)
[^c22790321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "insurance company" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/a)
[^c22790341]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "long term business" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/b)
[^c23718211]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [15](https://www.legislation.gov.uk/uksi/2004/2680/regulation/15); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811461]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "long term business" substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/j)
[^c23718241]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "pension business" repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/2), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23718221]: [S. 466(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2A/2B) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/3) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/5)) (with Sch. 36)
[^c23718261]: [S. 466(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 83](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/83) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718281]: [S. 466(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23718301]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "gross roll-up business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23718321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "life assurance business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/3/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23718341]: [S. 466(2ZA)(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2ZA/2A/2B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c21605931]: [S. 462A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/9) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717941]: Word in [s. 462A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/8/b) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/5/6)
[^c22812441]: Word in [s. 461A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/2)
[^c22812461]: [S. 461A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/4) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/3)
[^c22809011]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) inserted (6.4.2001) by Finance Act 2001 (s. 9), s. 76, Sch. 25 para. 8(3)
[^c22812481]: Word in [s. 461B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/4/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 35](https://www.legislation.gov.uk/uksi/2001/3629/article/35)
[^c23717701]: Words in [s. 461B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 82(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/82/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717721]: Words in [s. 461B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 82(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/82/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717741]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 42](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/42), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23717761]: [S. 461B(6)-(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/6) substituted for s. 461B(6) (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/2)
[^c23717781]: Words in [s. 461B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/7) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/3)
[^c23717801]: [S. 461B(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/8/9) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/4)
[^c22811521]: Words in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/a)
[^c22811541]: Word in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/b)
[^c22811561]: Words in [s. 461C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/a)
[^c22811581]: Word in [s. 461C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/b)
[^c22811471]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/a)
[^c22811501]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 36(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/b)
[^c22811601]: [S. 461C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/4/5) substituted for s. 461C(4)-(7) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/5)
[^c21607151]: Source—1970 s.338(1)—(3); 1982 s.36(1); 1974 s.28(1)(b); 1987 s.31
[^c21607161]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/a),(6)
[^c21607171]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/b),(6)
[^c21607181]: *See* 1970 s.338*for amounts applicable in earlier years.*
[^c21607191]: 1988(F) s.35*and* Sch.3 para.17*for chargeable period beginning on or after* 6*April* 1990.*Previously* “wife”.
[^c21607211]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(3)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/3/6)
[^c21607221]: [S. 467(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/4)
[^c21607231]: *See* [Employment Protection Act 1975 (c.71)](https://www.legislation.gov.uk/ukpga/1975/71) ss.7, 125(1)*and* Sch.16 Part III para.1—*list now maintained by the Certification Officer.*
[^c21607241]: Source—1974 s.28(1)(a)
[^c21607251]: Words in [s. 467(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a/b) substituted (*retrospectively*) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(5)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/5/a),(7)
[^c21607261]: Words in [s. 467(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(a)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/a)
[^c21607291]: Words in [s. 467(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/b) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(b)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/b)
[^c21607301]: [S. 467(4)(ba)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/ba/bb) substituted (1.7.1992) for s. 467(4)(ba) by [S.I. 1992/808](https://www.legislation.gov.uk/uksi/1992/808), [art. 2](https://www.legislation.gov.uk/uksi/1992/808/article/2); [S.R. 1992/212](https://www.legislation.gov.uk/nisr/1992/212), [art. 2(2)(a)](https://www.legislation.gov.uk/nisr/1992/212/article/2/2/a)
[^c21607311]: Source—1977 s.47
[^c23718681]: Words in [s. 467(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [74](https://www.legislation.gov.uk/uksi/2005/3229/regulation/74)
[^c23718701]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 23](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/23) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23718721]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718741]: Words in [s. 467(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718761]: Words in [s. 467(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21607361]: Source—1970 ss.354, 358; 1980 s.60; 1987 s.38, 40(1); 1987 (No.2) s.40(1)
[^c21607371]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/3/4)
[^c21607391]: *Definition employed for the purposes of* s.46(7)—*insurance companies: annual deemed disposal of holdings of unit trusts etc.*
[^c22753271]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/2)
[^c22753241]: [S. 468(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/2) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/3), [Sch. 25 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/part/5/13), Note
[^c22753291]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/4)
[^c22753311]: Words in [s. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6) inserted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/1)
[^c22753251]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "distribution period" repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/5), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c22753331]: [S. 468(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/7) added (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/2)
[^c22795581]: [S. 468](https://www.legislation.gov.uk/ukpga/1988/1/section/468) modified (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (S.I 1997/1154), regs. 1, 9, 10 (as amended (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 166](https://www.legislation.gov.uk/uksi/2001/3629/article/166))
[^c22790421]: [S. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with Sch. 6 paras. 10(2), 28 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/10/1)
[^c22812931]: Words in [s. 468(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6/8) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/3); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23718901]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c23718921]: [S. 468(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/4) repealed (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 20
[^c23718941]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) substituted (1.4.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [88(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/88/2)
[^c23718961]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/4)
[^c23718981]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23719001]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "unit trust scheme" and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 85(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/85/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23719081]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/5)
[^c23719101]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/86) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21607811]: Source—1977 s.46; 1979(C) Sch.7
[^c21607821]: Words in 473(2)(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607861]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607891]: Words in [s. 473(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22791881]: [S. 473(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/5) repealed (with effect in accordance with s. 164(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c22801601]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22813241]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 67(4)(a) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/a), [Sch. 40 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/8), Note
[^c22813261]: Words in [s. 473(2)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/a/7) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/b)
[^c22813291]: Word in [s. 473(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/b) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/c)
[^c22813311]: [S. 473(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2A/2B) inserted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/2)
[^c22813331]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/8/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/4)
[^c23722001]: Words in [s. 473(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/1/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22765351]: Words in [s. 475(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/a) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/1/b), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22792021]: [S. 475(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/1) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/1)
[^c22792071]: [S. 475(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792041]: Words in [s. 475(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/3/8) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/2)
[^c22792091]: Words in [s. 475(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/4) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22791951]: Words in [s. 475(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/5) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22791971]: [S. 475(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/6/7) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22792001]: Words in [s. 475(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/8) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23721961]: Word in [s. 472A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721981]: Word in [s. 472A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791661]: [S. 469](https://www.legislation.gov.uk/ukpga/1988/1/section/469) extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(1)(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/1/2)
[^c22794141]: Source—1970 s.354A; 1987 s.39; 1987 (No.2) s.40(1)
[^c22794151]: Words in [s. 469(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/a) substituted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/a)
[^c22794161]: [S. 469(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/b) and preceding word repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794201]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 71](https://www.legislation.gov.uk/ukpga/1988/39/section/71)
[^c22794211]: Words in [s. 469(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/5)
[^c22794221]: [S. 469(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6A) inserted (with effect in accordance with s. [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/b)
[^c22801241]: [S. 469(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A/2B) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/3)
[^c23721421]: [S. 469(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721501]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721571]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721591]: [S. 469(2A)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721521]: [S. 469(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/4A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721541]: Words in [s. 469(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721641]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A)(7)-(10) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22803991]: [1982 c.53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c23721321]: Words in [s. 469A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1/c) substituted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/2)
[^c23721341]: [S. 469A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1A) inserted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/3)
[^c23721361]: Words in [s. 469A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/2) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c23721381]: [S. 469A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/3) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c21608301]: [S. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/2)
[^c21608341]: [S. 477A(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/2/3)
[^c21608361]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/3)
[^c21608371]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "qualifying deposit right" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22792121]: [S. 477A(3)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a/aa) substituted for s. 477A(3)(a) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21608331]: *See* 1990 Sch.5 para.16(1), (4), (5)—*for the year* 1991-92,*the words from* “actual” *to the end of the paragraph are replaced by* “appropriate amount”;*and the following subs. is inserted after* subs.(3):— “(3A) In subsection (3)(a) above the reference to the appropriate amount is to the actual amount paid or credited in the accounting period of any such dividends or interest together with—(a) in the case of dividends or interest paid or credited in the year 1990-91, any amount accounted for and paid by the society in respect thereof as representing income tax, and (b) in the case of dividends or interest paid or credited in the year 1991-92, any amount of income tax accounted for and paid by the society in respect thereof.”
[^c22792141]: [S. 477(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/3A) repealed with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22804151]: [S. 477(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/8) repealed (with effect in accordance with s. 38(3)(4) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 4
[^c22807981]: [S. 477A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/2A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/4)
[^c22813351]: Words in [s. 477A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/2)
[^c22813371]: Words in [s. 477A(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/3)
[^c23722331]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2) para,. 5
[^c23722221]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722241]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722281]: [S. 477A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/5/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722261]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "certified SAYE savings arrangement" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722381]: [S. 477A(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722431]: Words in [s. 477A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722451]: Words in [s. 477A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722471]: [S. 477A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722341]: [S. 477A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722491]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definitions of "qualifying certificate of deposit", "qualifying deposit right" and "security" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609341]: Source—1970 s.340, 345; CUA 1979 s.25(2)
[^c21609351]: *See* 1988(F) Sch.8 para.1—*re-basing to* 1982.
[^c22789441]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded (with effect in accordance with s. 131(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1/2/b)
[^c21609361]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609371]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792221]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792241]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792261]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 117A(7)(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117A/7/8/b), [117B(5)(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117B/5/6/b) (as inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/62) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c22802471]: Words in [s. 486(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/10) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22813041]: Words in [s. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12) substituted (27.3.2002) by [The Ministry of Agriculture, Fisheries and Food (Dissolution) Order 2002 (S.I. 2002/794)](https://www.legislation.gov.uk/uksi/2002/794), [art. 1(2)](https://www.legislation.gov.uk/uksi/2002/794/article/1/2), [Sch. 1 para. 31](https://www.legislation.gov.uk/uksi/2002/794/schedule/1/paragraph/31)
[^c23723951]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723971]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723991]: Words in [s. 486(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724011]: [S. 486(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724051]: [S. 486(2)(3)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/2/3/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 90(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/90/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724031]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 90(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/90/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609381]: Source—1970 s.340A; CUA 1979 s.25(1)
[^c21609391]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609401]: [S.I. 1985/1205](https://www.legislation.gov.uk/uksi/1985/1205) (N.I. 12.).
[^c22792281]: [S. 487(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/1/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792301]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792321]: Word in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792341]: [S. 487(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22808631]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/40)
[^c23724211]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23724231]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 22
[^c23724251]: Words in [s. 487(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/91) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609491]: Source—1970 s.341; 1972 Sch.11 6
[^c21609511]: *See reference to approved housing associations in* 1988(F) s.43(3)*and* 44.
[^c21609521]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609531]: [1969 c.24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c21609541]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609551]: Words in [s. 488(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6) substituted (15.9.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1992/1725/article/1/2), [107](https://www.legislation.gov.uk/nisi/1992/1725/article/107), [Sch. 8 para. 5](https://www.legislation.gov.uk/nisi/1992/1725/schedule/8/paragraph/5)
[^c21609561]: [S.I. 1979/1573](https://www.legislation.gov.uk/uksi/1979/1573) (N.I.12.).
[^c22792821]: [S. 488(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/2)
[^c22792831]: Words in [s. 488(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/10) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/3)
[^c22792851]: [S. 488(11)(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11/11A) substituted for s. 488(11) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/4)
[^c22793891]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/2); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22805841]: [S. 488](https://www.legislation.gov.uk/ukpga/1988/1/section/488): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c22801651]: [S. 488(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/3) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22802521]: Words in [s. 488(11A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/uksi/1998/3173/section/117/4/5) of the amending Act) by Finance Act 1998 (c, 36), Sch. 19 para. 48(2)(a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802541]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/48/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22803931]: [S. 488(7A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 56](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/56), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22804761]: Words in [s. 488(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/b) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/a)
[^c22804171]: [S. 488(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/c) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804201]: [S. 488(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/2/b) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804221]: Words in [s. 488(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/4) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by Finance Act 1999 (c, 16), Sch. 4 para. 15(4), Sch. 20 Pt. 3(7), Note 2
[^c22804781]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/5)
[^c22804241]: [S. 488(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/12) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c23724271]: Words in [s. 488(6)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6/iii) substituted (29.7.2004) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 2004 (S.I. 2004/2030)](https://www.legislation.gov.uk/uksi/2004/2030), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2004/2030/article/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2030/article/5)
[^c23724291]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c21609571]: See 1976(D)—*exemption of certain housing associations from development land tax.* 1976(D)*repealed from* 19*March* 1985.
[^c21609581]: Source—1970 s.341A
[^c21609591]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609601]: *See reference to approved self-build societies in* 1988(F) s.43(3)*and* s.44.
[^c21609611]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609621]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21609631]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609641]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792891]: [S. 489(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/2)
[^c22792901]: Words in [s. 489(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/3)
[^c22792921]: [S. 489(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9/9A) substituted for s. 489(9) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/4)
[^c22793871]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/3); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22802631]: Words in [s. 489(9A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802611]: Word in [s. 489(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22805861]: [S. 489](https://www.legislation.gov.uk/ukpga/1988/1/section/489): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c23724301]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c22803961]: [S. 489(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 57](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/57), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c21609651]: [S. 490](https://www.legislation.gov.uk/ukpga/1988/1/section/490) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21609661]: Source—1970 s.346
[^c22794281]: Words in [s. 490(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/2) repealed (with effect in accordance with Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22800441]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800481]: Words in [s. 490(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/4) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800501]: [S. 490(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/5) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801671]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 3 para. 28(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 28(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/28/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21609671]: Source—1970 s.347
[^c21609681]: *See* 1988(F) Sch.14 Part V—*repeal of* (b)*from* 6*April* 1993.
[^c22802651]: Words in [s. 491(3)(4)(5)(6)(8)(b)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/4/5/6/8/b/11) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23724371]: Words in [s. 491(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724391]: Words in [s. 491(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724411]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724451]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724491]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724511]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724531]: Words in [s. 491(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724551]: [S. 491(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724571]: Words in [s. 491(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/10/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21608401]: Words in [s. 477B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(28)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/28) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22813391]: [S. 477B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 48](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/48)
[^c21609721]: [S. 492(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1/a/b) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 198(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/198/5/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609741]: Words in [s. 492(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17)
[^c22808671]: Words in [s. 492(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/1)
[^c22808691]: Words in [s. 492(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/2)
[^c22808711]: Words in [s. 492(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/3)
[^c23726061]: Words in [s. 492(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726181]: [S. 492(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/92/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23726161]: [S. 492(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/92/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22802721]: [S. 493(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/6) inserted (with effect in accordance with [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3)
[^c23726241]: Words in [s. 493(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 191](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/191) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726281]: [S. 493(A1)-(A3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/A1) inserted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/2)
[^c23726341]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/a)
[^c23726301]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/b)
[^c23726261]: [S. 493(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1A) inserted (with effect in accordance with [s. 151(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 151(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/1)
[^c23726361]: Words in [s. 493(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/4)
[^c23726381]: Words in [s. 493(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/3) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/5)
[^c23726401]: Words in [s. 493(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/4/b) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/6)
[^c23726321]: [S. 493(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/5) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/7)
[^c22792941]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792961]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792981]: [S. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793021]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) substituted for s. 494(4) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch 14 para. 32(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22801691]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22813411]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813431]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) renumbered as s. 494(2)(c)(i) (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813451]: [S. 494(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c/ii) and words inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/c) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813521]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/5) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813541]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813561]: [S. 494(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2ZA) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/7) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813581]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813601]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813621]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813641]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813661]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813681]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/9) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c23726731]: Word at the end of s. 494(2)(b) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/a)
[^c23726751]: [S. 494(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/d) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726771]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/c), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726791]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/3), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726831]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23726851]: [S. 494(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21609771]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39)
[^c22808851]: Words in [s. 495(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/1)
[^c22808871]: Words in [s. 495(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/2)
[^c22808891]: Words in [s. 495(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/3)
[^c23727621]: Words in [s. 495(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609801]: [1983 c. 56](https://www.legislation.gov.uk/ukpga/1983/56).
[^c23728561]: Words in [s. 496(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/a) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/2)
[^c23728581]: Words in [s. 496(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/2) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/3)
[^c23728601]: Words in [s. 496(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/a)
[^c23728621]: Words in [s. 496(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3/b) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/b)
[^c23728661]: Words in [s. 496(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 193](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/193) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891131]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(a)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/a)
[^c22891151]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) substituted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(b)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/b)
[^c22891171]: [S. 500(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/5) substituted for s. 500(5) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/2)
[^c22891211]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): definition of "ring fence trade" added by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/3)
[^c21609931]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c21609941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28)
[^c21609951]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" repealed (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 55(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/a/2), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21609961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 55(1)(b)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/b/2)
[^c21609971]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence profits" substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609981]: [S. 502(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1A) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [300(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/300/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609991]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22805961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil" substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/25), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/161/article/2/1)
[^c22808081]: [S. 502(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/3A) substituted for words in s. 502(3) (with effect in accordance with [Sch. 27 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/9)
[^c23728921]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23728941]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23727051]: [S. 494A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/2/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23727081]: [S. 494A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/3/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22804821]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22813711]: Words in [s. 494AA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22813741]: [S. 494AA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/b) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23727121]: Word at the end of s. 494AA(2)(a) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/2)
[^c23727141]: [S. 494AA(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/c) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/3)
[^c23727161]: [S. 494AA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/6): definition of "long funding operating lease" inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/4)
[^c22813771]: Words in [s. 501A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/a) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/2) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813791]: [S. 501A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/b) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813811]: [S. 501A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/c) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/8) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23728721]: [S. 501A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/10/b) substituted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 23](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/23)
[^c23728781]: Words in [s. 501A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/1) substituted (with effect in accordance with [s. 152(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 152(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/1)
[^c23728741]: [S. 501A(5)(dd)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/dd) substituted for word at the end of s. 501A(5)(d) (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/2)
[^c23728761]: [S. 501A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/11) inserted (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/3)
[^c22808911]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 249(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/249/2) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22813931]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 32(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/32/4)
[^c23729751]: Words in [s. 503(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729871]: Words in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729771]: Word in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729791]: Words in [s. 503(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729891]: [S. 503(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729811]: Words in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729831]: Word in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610111]: [S. 504](https://www.legislation.gov.uk/ukpga/1988/1/section/504) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 241(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/241/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610121]: Source—1984 s.50(2)-(9)
[^c22793081]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/2)
[^c22793111]: [S. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/3)
[^c23730081]: [S. 504(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730101]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729961]: Word in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730121]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729981]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730001]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730021]: Words in [s. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730171]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730191]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730221]: Words in [s. 504(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730041]: Words in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730061]: Word in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22754471]: [S. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 171](https://www.legislation.gov.uk/ukpga/1994/9/section/171)
[^c21610191]: Source—1970 s.360(1)
[^c21610201]: *Repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21610221]: Source—1986 s.30(1)
[^c22789231]: [S. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (with effect in accordance with [s. 138(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 138(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/1)
[^c22789271]: [1976 c. 32](https://www.legislation.gov.uk/ukpga/1976/32).
[^c22789281]: [S.I. 1985/1204 (N.I.11)](https://www.legislation.gov.uk/nisi/1985/1204).
[^c22793141]: [S. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) substituted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/2)
[^c22793191]: [S. 505(1)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/i) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/1), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793161]: [S. 505(1)(c)(ii)-(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) substituted for s. 505(1)(c)(ii) (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/3)
[^c22793231]: [S. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793271]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/4)
[^c22793281]: [S. 505(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para 19(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22813951]: [S. 505(1)(c)(iic)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iic) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/3)
[^c23730441]: Words in [s. 505(1)(c)(iia)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iia) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730281]: [S. 505(1)(c)(iiaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730301]: Words in [s. 505(1)(c)(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iib) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730401]: [S. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730421]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730481]: [S. 505(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B) inserted (with effect in accordance with [s. 56(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/1)
[^c23730461]: [S. 505(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/3) substituted for s. 505(3)-(8) (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/1)
[^c23730881]: Words in [s. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730901]: Words in [s. 505(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730921]: [S. 505(1)(c)(iiaa)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa/iii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730501]: Words in [s. 505(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730951]: Words in [s. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730971]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(d)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/d/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730521]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/d/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730991]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730571]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730591]: Words in [s. 505(1)(f)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f/ii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730611]: Words in [s. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730631]: Words in [s. 505(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730651]: Words in [s. 505(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730671]: Words in [s. 505(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731011]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730691]: Words in [s. 505(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730711]: Words in [s. 505(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730731]: Words in [s. 505(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730751]: Words in [s. 505(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730771]: Words in [s. 505(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730801]: Words in [s. 505(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730821]: Words in [s. 505(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731031]: [S. 505(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/aa) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/52/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 17 para. 17](https://www.legislation.gov.uk/ukpga/2007/11/schedule/17/paragraph/17)
[^c21610281]: *Definition employed for purposes of*:1990 s.25—*donation to charity by individuals.*1990 s.56*and* Sch.10 para.21—*exemption for convertible securities held by charities.*1990 s.94(1)—*inspection powers* (*definition extended to cover bodies mentioned in* sections 507*and* 508).
[^c21610291]: Source—1970 s.360(3); 1986 s.31(1)(a), (c), Sch.7 1(1)
[^c21610301]: Source—1986 Sch.7 1(2), (3)
[^c21610311]: Source—1986 s.31(4)-(6)
[^c23731331]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable expenditure" substituted for definitions of "qualifying expenditure" and "non-qualifying expenditure" (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/a)
[^c23731431]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/b), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731351]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/c)
[^c23731371]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/d)
[^c23731391]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/e)
[^c23731451]: [S. 506(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/6) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/f), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731471]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable company" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731491]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731521]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731541]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731561]: Word in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731581]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731611]: Word in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731631]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610431]: *See*1989 s.59—*these bodies treated as established for charitable purposes for purposes of* s.59 (*covenanted subscriptions*).1990 s.25—*donations to charity by individuals.*
[^c21610441]: Source—1980 s.118(1); 1983 s.46(1)
[^c21610451]: 1989 s.60(1)*in relation to accounting periods ending on or after* 14*March* 1989.
[^c21610461]: Words in [s. 507(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/d) substituted (1.9.1992) by [Museums and Galleries Act 1992 (c. 44)](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 para. 1(8)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/paragraph/1/8); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art. 2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c21610471]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) inserted (1.11.1992) by [S.I. 1992/2383](https://www.legislation.gov.uk/uksi/1992/2383), [reg. 2(2)](https://www.legislation.gov.uk/uksi/1992/2383/regulation/2/2), [Sch. para.11](https://www.legislation.gov.uk/uksi/1992/2383/schedule/paragraph/11)
[^c21610491]: *Repealed by* 1989 ss.60(1)*and* 187*and* Sch.17 Part IV*in relation to accounting periods ending on or after* 14*March* 1989.
[^c22802761]: [S. 507(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/f) inserted (2.7.1998) by [National Lottery Act 1998 (c. 22)](https://www.legislation.gov.uk/ukpga/1998/22), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1998/22/section/24/1), [27(4)(b)](https://www.legislation.gov.uk/ukpga/1998/22/section/27/4/b)
[^c22804261]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) omitted (19.4.1999) by virtue of The United Kingdom Ecolabelling Board (Abolition) Regulations 1999 (S.I 1999/931), regs. 1, 9
[^c23732291]: Words in [s. 507(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 99](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/99) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610501]: Source—1970 s.362
[^c23732311]: [S. 508(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1/a) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/2)
[^c23732331]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/3)
[^c23732351]: [S. 508(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1A/1B) inserted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/4)
[^c23732371]: [S. 508(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/3/4) substituted for s. 508(3) (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/5)
[^c23732391]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/100) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610511]: [S. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) extended (with modifications) (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 23](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/23)
[^c21610521]: Source—1970 s.348; 1971 s.28(1)
[^c22802781]: Words in [s. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21610531]: Source—1970 s.361
[^c21610551]: Source—O.J. No. L199/1.
[^c22789291]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22789311]: [S. 510A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/7/8) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22813991]: Words in [s. 510A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/3)
[^c22814011]: [S. 510A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/4)
[^c23732411]: Words in [s. 510A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732451]: [S. 510A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732431]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610681]: *See* ss.89*and* 90*and* Sch.11 Electricity Act 1989*in connection with electricity industry privatisation; and see* s.112*and* Sch.18 Electricity Act 1989*for changes to* s.511*from a day to be appointed.*
[^c21610691]: Source—1970 s.350(3)
[^c21610701]: [1948 c. 67](https://www.legislation.gov.uk/ukpga/1948/67).
[^c21610771]: Source—1973 s.36(1)
[^c21610781]: [1980 c.60](https://www.legislation.gov.uk/ukpga/1980/60).
[^c21610791]: [1980 c.34](https://www.legislation.gov.uk/ukpga/1980/34).
[^c21610801]: Source—1980 s.119(1)-(3)
[^c21610811]: Words in [s. 513(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/513/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(32)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/32) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610871]: Source—1970 s.371
[^c21610881]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c23732591]: Word in [s. 517](https://www.legislation.gov.uk/ukpga/1988/1/section/517) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 104](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/104) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610931]: Source—1970 s.352(1)-(6); 1971 Sch.8 16; 1986 s.56(7)(a), Sch.13 2(5)(a)
[^c21610941]: Words in [s. 518(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/1)
[^c21610951]: [S. 518(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/6) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21610961]: Source—1970 s.352(8), (9)
[^c21610971]: Source—1970 s.352(11)
[^c21610981]: [1964 c. 40](https://www.legislation.gov.uk/ukpga/1964/40).
[^c22808931]: Words in [s. 518(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/43)
[^c22807771]: [S. 519](https://www.legislation.gov.uk/ukpga/1988/1/section/519) extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1/2/a), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2) (with [s. 157(4)](https://www.legislation.gov.uk/ukpga/1999/29/section/157/4)); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c21611001]: Definition applied for purposes of—1979(C) s.149B(3)—*miscellaneous exemptions.*1988 s.832(1)—*interpretation of Tax Acts.*
[^c21611021]: Subs.(4)*repealed by* 1990 s.127*and* Sch.18 para.5(2)*and* 132*and* Sch.19 Part IV*on and after* 1*April* 1990.
[^c23732631]: [S. 519(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/519/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/105) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611051]: Word in [s. 519A(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/g) repealed by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c21611061]: [S. 519A(2)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/i) (j) (k) added by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c22789341]: [S. 519A(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a/aa) substituted for s. 519A(2)(a) (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(a)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22789361]: [S. 519A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/c) repealed (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(b)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/1995/17/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22809081]: [S. 519A(2)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/ab) inserted (1.4.2000 for E.W. and 11.5.2001 otherwise) by [Health Act 1999 (c. 8)](https://www.legislation.gov.uk/ukpga/1999/8), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1999/8/section/67/1), [Sch. 4 para. 73](https://www.legislation.gov.uk/ukpga/1999/8/schedule/4/paragraph/73); [S.I. 1999/2342](https://www.legislation.gov.uk/uksi/1999/2342), [art. 2(4)(b)(i)](https://www.legislation.gov.uk/uksi/1999/2342/article/2/4/b/i); [S.I. 2001/1985](https://www.legislation.gov.uk/uksi/2001/1985), [art. 2(4)](https://www.legislation.gov.uk/uksi/2001/1985/article/2/4)
[^c22892951]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.10.2002) by [The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002 (S.I. 2002/2469)](https://www.legislation.gov.uk/uksi/2002/2469), [reg. 1](https://www.legislation.gov.uk/uksi/2002/2469/regulation/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/2002/2469/schedule/1/paragraph/14)
[^c22814041]: [S. 519A(2)(aba)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aba) inserted (10.10.2002 for W., otherwise prosp.) by [National Health Service Reform and Health Care Professions Act 2002 (c. 17)](https://www.legislation.gov.uk/ukpga/2002/17), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2002/17/section/42/3), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/2002/17/schedule/5/paragraph/27); [S.I. 2005/2352](https://www.legislation.gov.uk/uksi/2005/2352), [art. 2](https://www.legislation.gov.uk/uksi/2005/2352/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/2352/schedule)
[^c23732651]: [S. 519A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/bb) inserted (1.4.2004) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 33(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/33/1), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1); [S.I. 2004/759](https://www.legislation.gov.uk/uksi/2004/759), [art. 2](https://www.legislation.gov.uk/uksi/2004/759/article/2)
[^c23732671]: [S. 519A(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 148](https://www.legislation.gov.uk/ukpga/2004/12/section/148)
[^c23732691]: [S. 519A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/h) repealed (1.4.2005) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 190(2)](https://www.legislation.gov.uk/ukpga/2003/43/section/190/2), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2003/43/schedule/13/paragraph/5), [Sch. 14 Pt. 7](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/7); [S.I. 2005/457](https://www.legislation.gov.uk/uksi/2005/457), [art. 2(1)(a)(b)](https://www.legislation.gov.uk/uksi/2005/457/article/2/1/a/b)
[^c23732731]: [S. 519A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/e) repealed (S.) (27.9.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Modification of Enactments) Order 2005 (S.S.I. 2005/465)](https://www.legislation.gov.uk/ssi/2005/465), [art. 1](https://www.legislation.gov.uk/ssi/2005/465/article/1), [Sch. 2](https://www.legislation.gov.uk/ssi/2005/465/schedule/2); and s. 519A(2)(e) repealed (E.W.N.I.) (5.10.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Consequential Provisions) Order 2005 (S.I. 2005/2078)](https://www.legislation.gov.uk/uksi/2005/2078), [art. 1(1)](https://www.legislation.gov.uk/uksi/2005/2078/article/1/1), [Sch. 3](https://www.legislation.gov.uk/uksi/2005/2078/schedule/3)
[^c23732751]: [S. 519A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/f) repealed (1.4.2006) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [s. 199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/4); [S.I. 2005/2925](https://www.legislation.gov.uk/uksi/2005/2925), [art. 11](https://www.legislation.gov.uk/uksi/2005/2925/article/11)
[^c23732771]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(a)(i)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/a/i)
[^c23732851]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) omitted (1.3.2007) by virtue of [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/a/ii)
[^c23732791]: Words in [s. 519A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aa) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(b)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/b)
[^c23732811]: Words in [s. 519A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/b) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(c)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/c)
[^c23732831]: Words in [s. 519A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/8) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 101](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/101)
[^c23732871]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) omitted (1.4.2007) by virtue of The References to [Health Authorities Order 2007 (S.I. 2007/961)](https://www.legislation.gov.uk/uksi/2007/961), [art. 1(1)](https://www.legislation.gov.uk/uksi/2007/961/article/1/1), [Sch. para. 19](https://www.legislation.gov.uk/uksi/2007/961/schedule/paragraph/19)
[^c23732891]: [S. 519A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 106(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/106/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732911]: Words in [s. 519A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 106(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/106/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731651]: Words in [s. 506A](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731831]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731861]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731891]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731931]: Words in [s. 506B(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/1)(7)(9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732021]: Words in [s. 506B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732041]: Words in [s. 506B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732061]: Words in [s. 506B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732191]: [S. 506C(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/1/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732211]: Word at the end of s. 506C(1)(h) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732151]: Word at the end of s. 506C(1)(i) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732171]: [S. 506C(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/1/j) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732081]: Words in [s. 506C(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/2/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732111]: Words in [s. 506C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732131]: Words in [s. 506C(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23729261]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/2)
[^c23729281]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/5)
[^c23729271]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/8)
[^c23729291]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/7)
[^c23729481]: [S. 502H](https://www.legislation.gov.uk/ukpga/1988/1/section/502H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 20A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2007/2134/regulation/19)); and that modifying reg. 20A is omitted (12.8.2008 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2008/1937/regulation/9)
[^c23729381]: Words in [s. 502H(2)(a)(ii)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/2/a/ii/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 44](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/44) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23729411]: [S. 502H(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/2/b) and preceding word repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/4/4/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23729441]: [S. 502H(8)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/8) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/4/4/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21611181]: Source - 1970 s.380(1)
[^c21611191]: Source - 1970 s.380(2)
[^c21611221]: Source - 1970 s.380(4)
[^c21611231]: Source - 1970 s.380(5)
[^c22776211]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/a)
[^c22776231]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/b)
[^c22776251]: [S. 524(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/3)
[^c23733541]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733581]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733601]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733631]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733651]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733681]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733851]: [S. 524(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733871]: Words in [s. 524(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733701]: Words in [s. 524(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733721]: Words in [s. 524(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733891]: [S. 524(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733741]: [S. 524(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733911]: Words in [s. 524(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733761]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733781]: Words in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733811]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733831]: Word in [s. 524(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733951]: [S. 524(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/b/c) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/107/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733931]: [S. 524(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/9/9A) substituted for s. 524(9) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611251]: Source - 1970 s.381(2)
[^c22771321]: [S. 525(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/5) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 4 of the repealing Act) by Finance Act [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c22781431]: Words in [s. 525(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/45)
[^c23733991]: [S. 525(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734051]: [S. 525(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734011]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734071]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734031]: Word in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734091]: [S. 525(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611291]: Source - 1970 s.382
[^c22795671]: Word in [s. 526(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23734141]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734161]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734181]: Words in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734201]: Word in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734221]: [S. 526(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611321]: Source-1970 s.385; 1985 s.64(2)(d)-(f)
[^c22781201]: [S. 528(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/1/4) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(1)(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/1/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781451]: Words in [s. 528(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/2)
[^c22781481]: [S. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/3)
[^c23734301]: [S. 528(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734321]: Words in [s. 528(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734341]: Words in [s. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611411]: Source-1970 s.386(2); 1985 s.65(3)(a)
[^c22795691]: [S. 531(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2/7) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/19/2)
[^c21611431]: Source-1970 s.386(4); 1985 s.65(3)(b)
[^c21611441]: Source-1970 s.386(4)-(6)
[^c21611451]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781501]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/1)
[^c22781271]: Words in [s. 531(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781521]: Words in [s. 531(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/3)
[^c22781291]: Words in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734371]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734391]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734421]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734451]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734471]: [S. 531(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734491]: Words in [s. 531(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734511]: [S. 531(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734531]: Word in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734571]: Words in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734551]: Words in [s. 531(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734601]: Word in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734621]: Words in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734661]: [S. 531(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734641]: Word in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781551]: [S. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/49)
[^c23734681]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 208](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/208) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734701]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/109) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611551]: Source-1970 s.388; 1985 s.64(2)(g)
[^c22771361]: Words in [s. 533(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/4) inserted (with retrospective effect) by Finance Act 1988, Sch. 13 Pt. 1 paras. 5, 1
[^c21611571]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781591]: Words in [ss. 533(1)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/1)
[^c22781331]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 4)](https://www.legislation.gov.uk/ukpga/2001/4), [Sch. 2 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2001/4/schedule/2/paragraph/50/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/4/schedule/4)
[^c22781651]: Words in [s. 533(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/3)
[^c23734721]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734741]: [S. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1): definition of "income from patents" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734761]: Words in [s. 533(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774361]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) repealed (with effect in accordance with Sch. 17 Pt. 5 Note 6 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5)
[^c21611751]: [S. 539(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/9) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/2)
[^c21611761]: Source-1970 s.393(1); 1971 Sch.6 41; 1972 Sch.24 23
[^c21611781]: Source-1970 s.393(2)(a), (c); 1971 Sch.3 11
[^c21611801]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21611811]: Source-1970 s.393(3); 1985 s.41(8) 56, Sch. 9 para. 15
[^c21611821]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "friendly society" inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.15](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/15); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21611831]: Source-1975 Sch.2 15
[^c21611841]: Source-1970 s.393(4), (5)
[^c22776391]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): word in definition of "capital redemption policy" substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/4)
[^c22781951]: [S. 539(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/2)
[^c23745031]: [S. 539(2)(e)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/e/f) and preceding word added (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/2)
[^c23745111]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745051]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "credit union" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745071]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "excepted group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745091]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745131]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "non-charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745171]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745191]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "life annuity" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745211]: [S. 539(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745231]: [S. 539(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/b) substituted for s. 539(2)(b)-(d) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 25](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/25) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23745251]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): words in definition of "capital redemption policy" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 45](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/45) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21611861]: Source-1970 s.394(1), (2); 1975 Sch.2 9(1), (2)
[^c21611881]: Source-1970 s.394(4); 1983 s.18(1) 1975 Sch.2 10
[^c21611891]: Source-1970 s.394(5), (6); 1975 Sch.2 10
[^c22774401]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/2)
[^c22774421]: [S. 540(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/5A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/3)
[^c21611921]: Source-1982 s.34
[^c22781971]: Words in [s. 540(1)(a)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/a/v) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/2)
[^c22781991]: Words in [s. 540(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/b/ii) inserted (with effect in accordance with s, 83(2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/3)
[^c23745291]: [S. 540(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/2) repealed (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/14/1), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 2 (with Sch. 34 para. 15)
[^c23745311]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [75](https://www.legislation.gov.uk/uksi/2005/3229/regulation/75)
[^c22778611]: [S. 541](https://www.legislation.gov.uk/ukpga/1988/1/section/541) extended (retrospectively and with effect in accordance with s. 79(7)(8) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3/b)
[^c21611931]: Source-1970 s.395(1); 1975 Sch.2 11(1)
[^c21611941]: Source-1970 s.395 (2), (3)
[^c21611961]: [S. 541(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/2)
[^c21611971]: Source-1970 s.395(4); 1982 s.34; 1975 Sch.2 10
[^c21611981]: [S. 541(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/5/c) and word inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/3)
[^c21611991]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782011]: Words in [s. 541(1)(a)(ii)(b)(ii)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/a/ii/b/ii/c/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/2)
[^c22782051]: Words in [s. 541(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/3)
[^c22781811]: [S. 541(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4) repealed (with effect in accordance with s. 83(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/4), [Sch. 33 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/9), Note
[^c22782851]: Words in [s. 541(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/c) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/3)
[^c22782871]: [S. 541(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/3A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/4)
[^c21612001]: Source-1970 s.396(1); 396(1); 1975 Sch.2 9(3), 12
[^c21612011]: Source-1970 s.396(2), (3); 1983 s.18(2); 1975 Sch.2 12
[^c22782071]: Words in [s. 542(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/2)
[^c22782091]: Words in [s. 542(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/3)
[^c21612021]: Source-1970 s.397; 1975 Sch.2 13
[^c22782111]: Words in [s. 543(1)(a)(ii)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/ii/b/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/2)
[^c22782141]: Words in [s. 543(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/3)
[^c22782891]: Words in [s. 543(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/b) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/6)
[^c22782911]: [S. 543(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/2A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/7)
[^c23745331]: Words in [s. 543(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 212](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/212) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612031]: Source-1983 Sch.4 1
[^c21612041]: Source-1983 s.18(3), Sch.4 2(1)
[^c21612051]: Source-1983 Sch.4 2(2)
[^c21612061]: Source-1983 Sch.4 2(3)
[^c21612071]: Source-1983 Sch.4 2(4)
[^c23745351]: Words in [s. 544(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/213) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745371]: Words in [s. 544(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [76](https://www.legislation.gov.uk/uksi/2005/3229/regulation/76)
[^c21612081]: Source-1970 s.398; 1975 Sch.2 14, 9(4)
[^c22782161]: Words in [s. 545(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 7](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/7)
[^c23745411]: [S. 545(1)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/a/i) substituted for words in s. 545(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612091]: Source-1975 Sch.2 9(5), (8)
[^c21612101]: Source-1975 Sch.2 9(6), (7)
[^c21612111]: Source-1975 Sch.2 9(9)
[^c21612121]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782181]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) renumbered as s. 546(1)(a)(i) (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 8(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/a)
[^c22782201]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/b)
[^c22782221]: [S. 546(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a/ii) and preceding word inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/c)
[^c22782241]: [S. 546(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/6) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/3)
[^c21612171]: [S. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/8) of the amending Act) by Finance Act 1989 (c. 26 ), Sch. 9 para. 5(3)
[^c21612221]: [S. 547(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/8) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/5/3)
[^c21612361]: Source-1970 s.399(1); 1972 Sch.24 24
[^c21612441]: [S. 547(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/1)
[^c21612491]: [S. 547(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/3)
[^c22775871]: [S. 547](https://www.legislation.gov.uk/ukpga/1988/1/section/547): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22775061]: [S. 547(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/1)
[^c22775101]: [S. 547(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/2/b)
[^c22778951]: [S. 547(1)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/d/e) inserted (with effect in accordance with [Sch. 14 para. 7(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/1/2/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/3)
[^c22778741]: [S. 547(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/3) repealed (with effect in accordance with Sch. 14 para. 7(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/4), [Sch. 27 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/19), Note
[^c22779011]: [S. 547(5AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5AA) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/7)
[^c22779031]: [S. 547(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/8)
[^c22779091]: [S. 547(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/14) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/10)
[^c22782301]: Words in [s. 547(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/2)
[^c22782321]: [S. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/3)
[^c22782341]: [S. 547(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/4)
[^c23745551]: Word in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/3)
[^c23745571]: [S. 547(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/4)
[^c23745651]: [S. 547(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/8)
[^c23745751]: [S. 547(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/11)
[^c23745891]: [S. 547(1)(a)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/a/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745831]: Words in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745851]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745871]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745951]: [S. 547(4A)-(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A)(9)-(14) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612501]: Source-1975 Sch.2 16; 1976 s.35
[^c22774461]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/b)
[^c22774481]: Words in [s. 548(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/c)
[^c22774501]: [S. 548(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/3)
[^c22780711]: [S. 548(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3/a) substituted (with effect in accordance with [Sch. 4 para. 18(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/16)
[^c23746361]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 9(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/9/3)
[^c23746381]: [S. 548(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/218) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747201]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747241]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747261]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747281]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747301]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747381]: Words in [s. 552(5)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f/i) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612761]: Source-1984 Sch.15 Part III; 1984 s.76(5); 1985 s.51
[^c22775181]: [S. 553](https://www.legislation.gov.uk/ukpga/1988/1/section/553): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22797631]: Words in [s. 553(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(8)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/8/a) (with saving)
[^c22774921]: [S. 553(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/2)
[^c22775161]: [S. 553(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/3)
[^c22776431]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/5)
[^c22779501]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/2)
[^c22779521]: [S. 553(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/5A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/3)
[^c22779541]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): definition of "foreign institution" inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/4)
[^c22782561]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/2) of the amending Act) by Finance Act 2001, (c. 9), Sch. 28 para. 17(2)
[^c22782601]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/17/4)
[^c23748361]: [S. 553(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748401]: [S. 553(6)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748381]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): words in definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782401]: [S. 547A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/2) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 12](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/12)
[^c23746121]: Word in [s. 547A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/2)
[^c23746141]: Word in [s. 547A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/3)
[^c23746161]: [S. 547A(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/4)
[^c23746181]: Words in [s. 547A(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/5)
[^c23746201]: [S. 547A(3)(d)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d/ia) substituted for word at the end of s. 547A(3)(d)(i) (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/6)
[^c23746221]: Word in [s. 547A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/6) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/7)
[^c23746241]: Word in [s. 547A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/a)
[^c23746261]: Word in [s. 547A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/b)
[^c23746281]: [S. 547A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746321]: [S. 547A(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/15): definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746301]: [S. 547A(16)(17)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/16/17) substituted for s. 547A(16) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782481]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/16)
[^c23746501]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 11](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/11)
[^c23748471]: [S. 553A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748491]: [S. 553A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/4): words in definition of "new non-resident policy" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748511]: [S. 553B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553B/2): words in definition of "overseas policy" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 46(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/46/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23748531]: Words in [s. 553B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553B/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 46(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/46/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23748551]: Words in [s. 553C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748571]: Words in [s. 553C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748601]: Words in [s. 553C(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748621]: Words in [s. 553C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748661]: Word at the end of s. 553C(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748641]: Word in [s. 553C(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748701]: [S. 553C(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/d) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748681]: [S. 553C(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782931]: Words in [s. 546B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(9)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/9)
[^c22782951]: [S. 546B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1A) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(10)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/10)
[^c23745431]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745451]: Word in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745491]: [S. 546C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/a) and word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745471]: Words in [s. 546C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745511]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/e), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745271]: [S. 539A(8)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/539A/8/ii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 111](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/111) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612901]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612911]: Source-1986 Sch.11 6(4) 7(6)
[^c21612921]: Source-1986 Sch.11 6(2), 7(5)
[^c23749111]: [S. 556(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749071]: [S. 556(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749131]: [S. 556(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749091]: Words in [s. 556(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749151]: [S. 556(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/4A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 114(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/114/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23749171]: Words in [s. 556(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 114(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/114/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612971]: Source-1986 Sch.11 10, 11(2)
[^c21612981]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612991]: Source-1986 Sch.11 11(1), (3)
[^c23749581]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749661]: Words in [s. 570(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749701]: Words in [s. 571(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614411]: Source-1970 s.411(1)-(8); 1985 s.43; 1971 s.50(8)
[^c22774241]: [S. 577(2)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/2/4/6) repealed (with effect in accordance with s. 72(1) of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4)
[^c21614461]: Source-1980 s.54, 118(3); 1983 s.46(3)(b)
[^c21614471]: Source-1970 s.411(9)
[^c22780041]: Words in [s. 577(1)(a)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/9) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778801]: Words in [s. 577(1)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/9) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22781671]: Word at the end of s. 577(1)(a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/a)
[^c22781381]: Words in [s. 577(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/a) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781411]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/3), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22782731]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/2/b)
[^c22782751]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) inserted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/3)
[^c23754921]: [S. 577(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781351]: [S. 577(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/c) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23754941]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23754991]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) re-numbered as s. 577(1)(a)(i) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(a)
[^c23754961]: [S. 577(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/ii) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(b)
[^c23755011]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755031]: Words in [s. 577(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755051]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755071]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755101]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755121]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755141]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755161]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755181]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755201]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755221]: Words in [s. 577(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755241]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755261]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755281]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755311]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755341]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755421]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755361]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755381]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755401]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614491]: Source-1970 s.376
[^c23755531]: Words in [s. 578(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775891]: [S. 579](https://www.legislation.gov.uk/ukpga/1988/1/section/579) modified (with effect in accordance with s. 39(3)-(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/23)
[^c21614501]: Source-1970 s.412(1)-(6)
[^c22776841]: [S. 579(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/a) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22776861]: Word in [s. 579(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777001]: Words in [s. 579(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/a)
[^c22776911]: Words in [s. 579(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777051]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/b)
[^c22777781]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22780081]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778861]: [S. 579(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/4) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c22780091]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23755611]: [S. 579(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 63](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/63), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23755631]: [S. 579(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3/3A) substituted for s. 579(3) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 26(2)
[^c23755651]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755671]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755721]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755741]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755761]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755781]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755801]: Words in [s. 579(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614531]: Source-1970 s.412(7), (8)
[^c22777661]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/a)
[^c22777681]: Words in [s. 580(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/b) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/b)
[^c22777721]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/c)
[^c22776951]: [S. 580(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/2) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777801]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22777821]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c23755831]: [S. 580(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 64](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/64), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614601]: Source-1970 s.417; 1971 Sch.6 47
[^c22783181]: [S. 582(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/3A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 50](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/50)
[^c23755971]: [S. 582](https://www.legislation.gov.uk/ukpga/1988/1/section/582) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/7)
[^c23755871]: Words in [s. 582(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755891]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756001]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 134(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/134/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23755981]: [S. 582(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/2A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 134(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/134/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614631]: *See* 1979(C) s.13—*delayed remittances of capital gains.*
[^c21614641]: [S. 584(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/10) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21614651]: Source-1970 s.418(1), (2), (2A), (2B); 1987 (No.2) Sch.6 6
[^c21614681]: Source-1972 s.124(2)(a)
[^c21614691]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21614761]: Source-1987 (No.2) Sch.6 6(5)
[^c22776641]: [S. 584(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/2A) substituted for s. 584(2)(3) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/2)
[^c22776661]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/3)
[^c22776681]: Words in [s. 584(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/5) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/4)
[^c22776701]: [S. 584(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/5)
[^c22776741]: Words in [s. 584(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/7)
[^c23756041]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756061]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756081]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756121]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756141]: Word in [s. 584(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756161]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756181]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756201]: [S. 584(6)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6/a/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614791]: Source-1970 s.420
[^c23756281]: Words in [s. 586(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/586/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 247](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/247) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614801]: Source-1970 s.421
[^c23756341]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756301]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756321]: Words in [s. 587(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775921]: [S. 588](https://www.legislation.gov.uk/ukpga/1988/1/section/588) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24) (the modification consisting of the insertion of a s. 588(4A) for limited purposes, and that s. 588(4A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c21614821]: Source-1987 s.35(1)-(7)
[^c22780121]: Word in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22780811]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) inserted (with effect in accordance with [s. 93(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/93/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/2)
[^c23761531]: [S. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted for s. 588(1)(2) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761551]: [S. 588(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761611]: [S. 588(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/a) and word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761571]: Words in [s. 588(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761591]: Words in [s. 588(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762051]: [S. 588(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(2)
[^c23762071]: [S. 588(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(3)
[^c23762091]: Word in [s. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762111]: Words in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762131]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762161]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762181]: Word in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762241]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762201]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762221]: Word in [s. 588(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774861]: [S. 577A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1A) inserted (with application in accordance with [s. 141(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/2)
[^c22774881]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (with application in accordance with s. 141(4)) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/3)
[^c22780061]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778831]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22783101]: Words in [s. 577A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1) renumbered as s. 577A(1)(a) (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/a)
[^c22783121]: [S. 577A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/b) and preceding word inserted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/b)
[^c23755461]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) re-numbered as s. 577A(2)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(a)
[^c23755441]: [S. 577A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2/b) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(b)
[^c23755481]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755511]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775941]: [S. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 25](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/25) (the modification consisting of the insertion of a s. 589A(9A) for limited purposes, and that s. 589A(9A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c22780131]: Word in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23762311]: [S. 589A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/1/1A) substituted for s. 589A(1) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762331]: [S. 589A(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762391]: [S. 589A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/10) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762411]: [S. 589A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/9) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 29(2)
[^c23762431]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762451]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762471]: Words in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762551]: Words in [s. 589B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781131]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (with effect in accordance with reg. 30AA(3) of the modifying reg.) by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30AA(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/30AA/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [5](https://www.legislation.gov.uk/uksi/2000/2710/regulation/5))
[^c22783261]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "qualifying investment" repealed (with effect in accordance with s. 97(6) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1), [Sch. 40 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/15), Note
[^c22783281]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): in definition of "qualifying investment", para. (e) and preceding word inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1)
[^c22783301]: [S. 587B(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9A) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/2)
[^c22783321]: [S. 587B(9E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9E/a) modified (temp.) (with effect in accordance with s. 97(6) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(7)(8)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/7/8)
[^c22783341]: [S. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/3)
[^c23756541]: [S. 587B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/4) substituted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/2)
[^c23756561]: [S. 587B(8A)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/3)
[^c23756601]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "obligation" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756661]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "offshore fund" substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 10](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/10) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23756621]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "related liabilities" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756641]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "value of the net benefit to the charity" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756581]: [S. 587B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/10A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/5)
[^c23756751]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2005/2014/regulation/21); and that modifying reg. 21 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2007/2134/regulation/20)
[^c23756711]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756761]: Words in [s. 587B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756781]: Words in [s. 587B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757151]: [S. 587B(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/a/i) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757171]: Words in [s. 587B(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/a/ii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757191]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757211]: Words in [s. 587B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757231]: [S. 587B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756801]: Words in [s. 587B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756821]: Word in [s. 587B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756841]: Word in [s. 587B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756861]: Word in [s. 587B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/7/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756901]: Words in [s. 587B(8B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756921]: Word in [s. 587B(8B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757061]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "authorised unit trust" substituted for definition of "authorised unit trust" and "open-ended investment company" (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757081]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): words in definition of "charity" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757111]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "the incidental costs of making the disposal to the person making it" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757131]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "open-ended investment company" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756941]: Words in [s. 587B(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9B) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(11)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/11/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756971]: Words in [s. 587B(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9B) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(11)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/11/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757001]: Words in [s. 587B(9C)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9C) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757021]: Words in [s. 587B(9C)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9C) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757041]: Words in [s. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(13)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/13) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757311]: [S. 587B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(f)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/f), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23757291]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "life assurance business" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by virtue of [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23757251]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): words in definition of "qualifying investment" substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/6/a)
[^c23757271]: [S. 587B(9ZA)(9ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9ZA/9ZB) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/6/b)
[^c22782771]: Word at the end of s. 578A(1)(a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/a)
[^c22781871]: [S. 578A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1/c) and preceding word repealed (with effect in accordance with s. 57(4), Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/b), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22783161]: [S. 578A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/3) modified (with effect in accordance with s. 80(2) of the 2002 amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 93A(4)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/93A/4/a/6/a) (as inserted by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 24 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/24/paragraph/4))
[^c22783141]: [S. 578A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2A/2B) inserted (with effect in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 60(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/1)
[^c23755551]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(2)
[^c23755571]: [S. 578A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/bb) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(3)
[^c23755591]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23761461]: [S. 587C(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/2/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761341]: Word in [s. 587C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761361]: Word in [s. 587C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761381]: Word in [s. 587C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761421]: [S. 587C(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/6/a/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761401]: Words in [s. 587C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761441]: [S. 587C(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/8A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761491]: [S. 587C(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/10/a) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/7/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761511]: Words in [s. 587C(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/10/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/7/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761291]: [S. 587BA(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA/12) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23761311]: [S. 587BA(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA/13/b) and preceding word repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21614081]: Source-1981 s.36(1)-(5)
[^c21614091]: Source-1981 s.36(6); 1980 s.37(3)
[^c22781111]: [S. 573(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/2) restricted (with effect in accordance with s. 63(4) of the affecting Act) by Finance Act 2000, Sch. 15 para. 70(2)
[^c22780901]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/i)
[^c22780961]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iv)
[^c22780981]: [S. 573(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/b)
[^c23753471]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22774841]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614221]: Source-1980 s.37(6)-(8); 1981 s.36(6)
[^c21614231]: Words in [s. 575(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/c) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(34)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614241]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614261]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22781001]: [S. 575(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/ba) inserted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/3)
[^c23753771]: Words in [s. 575(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753791]: Word in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753811]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753891]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753931]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753851]: [S. 575(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/4) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22774851]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c22779921]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/1)
[^c22779941]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/2)
[^c22779961]: [S. 576(4)-(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) substituted for s. 576(4) (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/3)
[^c22781041]: [S. 576(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1C) inserted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/b)
[^c23754031]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754051]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754071]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754091]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754181]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/2/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754201]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754161]: [S. 576(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754231]: [S. 576(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754601]: [S. 576B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/576B/9) inserted (6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/3), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23754621]: [S. 576D(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/576D/3A) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/2)
[^c23754641]: Words in [s. 576H(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/576H/2/a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/5)
[^c23754681]: [S. 576K(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576K/4) inserted (6.4.2007) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 16 paras. 11(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/11/4), [13](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/13)
[^c21616431]: [1939 c. 49](https://www.legislation.gov.uk/ukpga/1939/49).
[^c23484131]: [S. 613(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/1/2) (which were repealed by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)) restored (retrospectively) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 para. 63](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/63)
[^c21617661]: Source-1970 s.219(3)
[^c21617671]: Words in [s. 617(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/a) substituted (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/6/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 2 para. 93(4)](https://www.legislation.gov.uk/ukpga/1992/6/schedule/2/paragraph/93/4)
[^c21617681]: Words in [s. 617(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/b) substituted (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/9/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 2 para. 33(4)](https://www.legislation.gov.uk/ukpga/1992/9/schedule/2/paragraph/33/4)
[^c22889541]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) repealed (with effect in accordance with s. 147(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 147(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/147/1), [Sch. 41 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/15), Note
[^c22890381]: [S. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 65(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 65(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/3)
[^c22893901]: Words in [s. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 61(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/1)
[^c22899941]: [S. 617(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/6) repealed (24.4.2000 for specified purposes and 9.4.2001 otherwise) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/1), [Sch. 8 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/30/schedule/8/paragraph/1/3), [Sch. 13 Pt. 5](https://www.legislation.gov.uk/ukpga/1999/30/schedule/13/part/5); [S.I. 2000/1047](https://www.legislation.gov.uk/uksi/2000/1047), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2000/1047/article/2/2/a), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2000/1047/schedule/part/1)
[^c23481861]: [S. 617(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482271]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483111]: Words in [s. 617(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Sch. para. 31(2)
[^c23483341]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483361]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483381]: Word at the end of s. 617(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483221]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483401]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619331]: Source-1970 s.230(1)
[^c21619341]: Source-1970 s.230(2A); 1970(F) Sch.4 8
[^c21619351]: Source-1970 s.230(2)(a)-(c)
[^c21619361]: Source-1970 s.230(2)(d), (2A); 1970(F) Sch.4 8
[^c21619371]: Source-1970 s.230(3)-(5)
[^c21619381]: [S. 656(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/7) inserted (retrospectively) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/76/1)
[^c23484021]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484041]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484061]: Words in [s. 656(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619391]: Source-1970 s.230(6), (7); 1978 s.26(4); 1987 (No.2), s.41(3)
[^c23484111]: Words in [s. 657(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 269](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/269) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486281]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486301]: [S. 657(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/d/e) substituted for s. 657(2)(d)-(f) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486451]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21619401]: Source-1970 s.231
[^c21619411]: *For regulations see* Part III Vol.5 (*under* “*Life annuities, purchased*”).
[^c21619421]: 1989 s.170(4)(c)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c23483441]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483271]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483461]: [S. 658(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486471]: Words in [s. 658(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/142), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21620031]: 1989 s.109(1).
[^c23766771]: Words in [s. 687A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 18](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/18), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23766791]: [S. 687A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766811]: Words in [s. 687A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766831]: Words in [s. 687A(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/3/a/iii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766851]: Words in [s. 687A(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/3/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23313881]: Words in [s. 689B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/a) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/a)
[^c23313901]: Words in [s. 689B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/b) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/b)
[^c23313921]: [S. 689B(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/c) and preceding word added (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/c)
[^c23313981]: [S. 689B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/4)
[^c23767651]: [S. 689B(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2/a) substituted for s. 689(2)(za)-(c) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767671]: [S. 689B(2A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A/a/b) substituted for words in s. 689(2A) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767691]: [S. 689B(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767731]: Words in [s. 689B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 20](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/20), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23767751]: Words in [s. 689B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767791]: [S. 689B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767771]: [S. 689B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/5) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21621881]: Source-1970 s.426; 1971 Sch.6 52
[^c21621891]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621901]: *See* 1974 s.44(4) and Sch.7 para.9(1)(2)—*development gains to be excluded from aggregate income and United Kingdom tax thereon to be left out of account.*
[^c22901391]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) repealed (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901371]: [S. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1)
[^c23768011]: Words in [s. 695(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768031]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768051]: Word in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768071]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768101]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768121]: Word in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768141]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768161]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768181]: Word in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768201]: Words in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768221]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768391]: Words in [s. 695(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768241]: Word in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768261]: Words in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768281]: Words in [s. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768311]: Words in [s. 695(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768331]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768351]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768411]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768371]: [S. 695(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621921]: Source-1970 s.427; 1971 Sch.6 53
[^c22901411]: [S. 696(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted for s. 696(3) (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/1)
[^c21621941]: Words in [s. 696(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22901431]: [S. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/2)
[^c23768431]: Words in [s. 696(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768451]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768491]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) added (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768511]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768531]: Word in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768551]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768571]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768601]: Words in [s. 696(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768621]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768641]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768671]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768701]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768721]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768741]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768771]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768811]: Words in [s. 696(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768831]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768861]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768881]: Word in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768901]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769031]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768921]: Word in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768941]: Words in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768981]: Words in [s. 696(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768961]: Words in [s. 696(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769051]: Words in [s. 696(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(11)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769011]: [S. 696(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(12)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621951]: Source-1970 s.428; 1971 Sch.6 54
[^c22901451]: [S. 697(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/1A) inserted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/1)
[^c22901471]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/2)
[^c23769091]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769121]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769071]: Words in [s. 697(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769151]: [S. 697(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621971]: Source-1970 s.429; 1971 Sch.6 55
[^c22901491]: [S. 698(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1A/1B/2) substituted for s. 698(2) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/1)
[^c23769171]: Words in [s. 698(1B)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1B/c/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769191]: Words in [s. 698(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769211]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769231]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769251]: [S. 698(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622061]: Source-1970 s.431; 1971 Sch.6 57
[^c22901511]: [S. 700(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/6) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/6)
[^c22901671]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/20)
[^c23769681]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769701]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769721]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769761]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769801]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769821]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769841]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769871]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769891]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769951]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769991]: Words in [s. 700(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770011]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770031]: Words in [s. 700(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770051]: Words in [s. 700(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770171]: Word at the end of s. 700(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770071]: [S. 700(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770091]: Words in [s. 700(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770111]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770131]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770151]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622141]: Source-1970 s.432; 1972 Sch.24 25; 1975 (No.2) s.34(5)
[^c21622151]: [S. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21622161]: *Definition applied for purposes of* 1979(C)—*see* 1979(C) s.155(1).
[^c21622171]: [1925 c. 23](https://www.legislation.gov.uk/ukpga/1925/23).
[^c21622191]: Source-1970 s.426(1)
[^c22901571]: [S. 701(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/5)
[^c22901591]: [S. 701(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/14) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/7), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901901]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/8)
[^c22901951]: Words in [s. 701(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b) renumbered as s. 701(3A)(b)(i) (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by virtue of [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/a)
[^c22901961]: Words in [s. 701(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/i) inserted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/b)
[^c22901931]: [S. 701(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/ii) added (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/c)
[^c23770381]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770511]: Word at the end of s. 701(8)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770451]: [S. 701(8)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770531]: Words in [s. 701(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770471]: Words in [s. 701(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770491]: Words in [s. 701(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770551]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622221]: Source-1970 s.433; 1987 Sch.15 2(15)
[^c23770681]: Words in [s. 702(a)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/702/a/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [96](https://www.legislation.gov.uk/uksi/2005/3229/regulation/96)
[^c22901691]: Words in [s. 699A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/2)
[^c22901711]: [S. 699A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/1B) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/3)
[^c22901741]: [S. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) and preceding word inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/4)
[^c22901761]: Words in [s. 699A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A) inserted (with effect in accordance with [s. 33(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/10) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/3)
[^c22901781]: Word in [s. 699A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/2/b) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/4)
[^c22901821]: Words in [s. 699A(4)(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a/c) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/5)
[^c23769451]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/4)
[^c23769471]: Words in [s. 699A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769511]: Words in [s. 699A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769591]: [S. 699A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769531]: Words in [s. 699A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769551]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769571]: Word in [s. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769621]: [S. 699A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769641]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 151](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/151) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622281]: Source—1970 s.460(1)-(3)
[^c21622311]: Source—1970 s.460(5)-(9)
[^c21622321]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21622331]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c23211461]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) inserted (with effect in accordance with [Sch. 3 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/2)
[^c23211481]: [S. 703(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/4) repealed (with effect in accordance with Sch. 3 para. 32(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23770941]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770961]: Words in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770991]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771011]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771031]: Words in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771051]: Word in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771071]: Word in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771121]: Word in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771091]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771141]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771391]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771171]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771411]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771191]: Words in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771221]: Words in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771261]: Word in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771281]: Word in [s. 703(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771431]: [S. 703(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/11) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771301]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771331]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771351]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622341]: Source—1970 s.461; 1973 s.54, Sch.11 2(a), (b)
[^c22904151]: Words in [s.704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (with effect in accordance with [s.175(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 175(1)-(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/1)
[^c23160831]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(e) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c23288361]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) modified (9.3.1999) by [The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (S.I. 1999/358)](https://www.legislation.gov.uk/uksi/1999/358), [regs. 1](https://www.legislation.gov.uk/uksi/1999/358/regulation/1), [23](https://www.legislation.gov.uk/uksi/1999/358/regulation/23)
[^c23211521]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(d) repealed (with effect in accordance with Sch. 3 para. 33(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 33(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/33/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23771491]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771511]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771531]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771851]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(f)(g) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771551]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771571]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771611]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771631]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771661]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1)(b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771681]: Word in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771701]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771721]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771741]: Word in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771761]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771791]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771811]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771831]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771881]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/7)
[^c21622351]: Source—1970 s.462
[^c23314111]: [S. 705(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/4) repealed (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 23](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/23), [Sch. 2 Pt. 1](https://www.legislation.gov.uk/uksi/1994/1813/schedule/2/part/1)
[^c23211541]: [S. 705(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/6) repealed (with effect in accordance with Sch. 3 para. 34(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 34(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/34/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23771951]: Words in [s. 705(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771971]: Word in [s. 705(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771991]: Words in [s. 705(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772011]: Words in [s. 705(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622391]: *See*—1970(M) s.6(1)—*declaration to be made by member of tribunal on appointment.*1989 s.182—*disclosure of information* (*in* Part II Vol.5).
[^c21622401]: [S. 706](https://www.legislation.gov.uk/ukpga/1988/1/section/706) renumbered as s. 706(1) (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622411]: Source—1970 s.463; 1982 Sch.21 3(1)
[^c21622421]: [S. 706(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/706/2) added (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622431]: Source—1970 s.464
[^c23772341]: Words in [s. 707(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772381]: Words in [s. 707(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772421]: Word in [s. 707(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622441]: Source—1970 s.465
[^c23772441]: Words in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772471]: Word in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772491]: Words in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772531]: Word in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622451]: *Definition applied for purposes of* 1990 Sch.10—*convertible securities.*
[^c21622461]: Source—1970 s.466(1); 1973 Sch.11 4
[^c21622471]: Source—1970 s.467; 1973 Sch.11 5
[^c23116391]: [S. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) inserted (with effect in accordance with [s. 73(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/1)
[^c23160851]: Words in [s. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) repealed (with effect in accordance with Sch. 4 para. 19(2), Sch. 8 Pt. 2(9) Note 2 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 19(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/19/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23772601]: Words in [s. 709(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772611]: Words in [s. 709(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772641]: Words in [s. 709(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772671]: Words in [s. 709(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772181]: Words in [s. 705A(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/1/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772211]: Words in [s. 705A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772231]: Words in [s. 705A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772261]: Words in [s. 705A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772281]: Words in [s. 705A(10)(11)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/10/11/a/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772321]: Words in [s. 705B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 158](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/158) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625091]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625101]: Source—1985 Sch.23 44(1)-(5A); 1986 Sch.17 6
[^c23314541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314551]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23312501]: Words in [s. 728(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/7/a) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8). s. 431(2), Sch. 20 para. 4(5); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23773831]: Words in [s. 728(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773891]: Words in [s. 728(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773851]: Words in [s. 728(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773871]: [S. 728(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/9) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625181]: Source—1970 s.470; 1971 Sch.6 71
[^c23312721]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/51)
[^c23773951]: Words in [s. 730(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773971]: Words in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) and s. 730(4A)(4B) substituted for words in s. 730(4) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773991]: Word in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774011]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774031]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774251]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/b)
[^c23774091]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/a)
[^c23774361]: Words in [s. 730(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/a) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/a)
[^c23774381]: Words in [s. 730(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/b) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/b)
[^c23774541]: [S. 730(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/c) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/c), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774401]: [S. 730(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/4)
[^c23774571]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/5), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774421]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/6)
[^c23774441]: Word in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/7)
[^c23774461]: Word in [s. 730(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4A) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/8)
[^c23774481]: Word in [s. 730(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4B) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/9)
[^c23006221]: Words in [s. 730(2)(4)(b)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2/4/b/6/8) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/23) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23774501]: [S. 730(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/7) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/10)
[^c23774591]: Words in [s. 730(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/8) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(11)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/11), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774611]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) repealed (with effect in accordance with Sch. 6 para. 2(3) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/2/2), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21625261]: Source—1970 s.471(1)-(5)
[^c21625271]: [S. 731(4A)(4B)(4C)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4A/4B/4C) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 55(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/55/1/2)
[^c21625281]: Words in [s. 731(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4B) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(40)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/40) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625291]: *See* s.343—*company reconstruction without change of ownership.*
[^c21625301]: Source—1970 s.471(6); 1973 sch.11 6; 1986 Sch.18 2(1)
[^c22902481]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "interest" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/2), [Sch. 26 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22902501]: [S. 731(9A)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/3)
[^c22903411]: Words in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c23314571]: Word in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c22903391]: [S. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/2)
[^c22903431]: Word in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/b)
[^c23006291]: Words in [s. 731(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/a)
[^c22992721]: Words in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23128461]: [S. 731(2B)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2B) inserted (with application in accordance with [s. 77(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/1)
[^c23160891]: Words in [s. 731(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23160911]: [S. 731(9B)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9B) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23775221]: Words in [s. 731(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2D) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/6)
[^c23775241]: Words in [s. 731(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775261]: [S. 731(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775281]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 167(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/167/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23775301]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "securities" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 167(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/167/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23775361]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/2/a), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23775321]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/2/b)
[^c23775341]: [S. 731(2F)(2G)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2F/2G) substituted for s. 731(2F) (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/3)
[^c21625331]: Source—1970 s.472; 1982 s.57; 1986 Sch.18 1, 3
[^c21625341]: [S. 732(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/1)
[^c21625351]: [S. 732(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5A) inserted (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.53(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/53/1)
[^c21625361]: [S. 732(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/7) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/2)
[^c22992741]: [S. 732(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/3) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23160951]: [S. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) inserted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/2)
[^c23160971]: [S. 732(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2/2A) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161001]: Words in [s. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161021]: [S. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4): definition of "overseas securities" substituted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/5)
[^c23161041]: [S. 732(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(6)(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/6/7), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23775381]: Words in [s. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 303](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/303) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625371]: Source—1970 s.473
[^c23775421]: [S. 733(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/733/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 168](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/168), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625391]: Source—1970 s.474; 1973 Sch.11 7; 1979(C) Sch.7; 1978 s.30(7)
[^c21625401]: Words in [s. 734(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(41)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/41) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23775401]: Words in [s. 734(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 169](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/169) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625411]: Source—1970 s.475; 1973 Sch.21 7
[^c23006311]: Words in [s. 735(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3) inserted (with effect in accordance with [Sch. 38 para 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/a)
[^c23006331]: Words in [s. 735(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/a) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/b)
[^c23006351]: Words in [s. 735(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/b) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/c)
[^c23006371]: Words in [s. 735(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/4) substituted (with effect in accordance with Sch. 38 para, 9(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/2)
[^c23006391]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/a)
[^c23006411]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) inserted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/b)
[^c21625421]: Source—1970 s.476
[^c21625431]: *See* s.237—*disallowance of reliefs in respect of bonus issues etc.*
[^c23776361]: Words in [s. 736(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 170](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/170) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23312521]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/2)
[^c23312541]: [S. 736B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/3)
[^c23776481]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/3)
[^c23776461]: [S. 736B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/4) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/1)
[^c23776491]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776511]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776531]: Words in [s. 736B(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776551]: Words in [s. 736B(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776661]: [S. 736C(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/14) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/2)
[^c23776681]: Words in [s. 736C(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/2/a/3/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776741]: [S. 736C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776721]: [S. 736C(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/11): words in definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625771]: Source—1986 Sch.18 4
[^c21625781]: [S. 738(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/2) repealed (with effect as mentioned in s. 58(3) of the repealing Act) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 58(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/2), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 9; [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [reg. 5](https://www.legislation.gov.uk/uksi/1992/1346/regulation/5)
[^c21625831]: Source—1986 Sch.18 10(2)
[^c23151451]: [S. 738(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/3/4) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23161091]: [S. 738(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/1/a/b) repealed (with effect in accordance with s. 26 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note 2
[^c23312561]: Words in [s. 738(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 43](https://www.legislation.gov.uk/uksi/2001/3629/article/43)
[^c23217671]: Words in [s. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/3), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23781361]: [S. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/6)
[^c23781371]: Word in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 175(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/175/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781391]: Words in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 175(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/175/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626141]: [Pt. XVII Ch. IV](https://www.legislation.gov.uk/ukpga/1988/1/part/XVII/chapter/IV) (ss. 747-756) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/3)
[^c21626151]: Source—1984 s.82
[^c22903671]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/3)
[^c23226861]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228081]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23227981]: Words in [s. 747(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23288481]: [S. 747A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747A/4/a) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [2(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/2/2); [S.I. 2003/1282](https://www.legislation.gov.uk/uksi/2003/1282), [art. 2](https://www.legislation.gov.uk/uksi/2003/1282/article/2)
[^c23228001]: Words in [s. 747(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228021]: Words in [s. 747(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228041]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228061]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23300801]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/1)
[^c23298411]: [S. 747(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 paras. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3), [9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/1)
[^c23312831]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) modified (with effect in accordance with Sch. 29 Pt. 14 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116)
[^c23312811]: [S. 747(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1B) inserted (1.4.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 90(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/1/2/a) (with [s. 90(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/2/b))
[^c23783141]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783171]: [S. 747(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 178](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/178), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783201]: [S. 747(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/6) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783211]: [S. 747(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/1/2)
[^c23783231]: [S. 747(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/1/3)
[^c21626161]: Source—1984 s.83
[^c22903731]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/4)
[^c23071561]: Words in [s. 748(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3/a) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/2)
[^c23228181]: Words in [s. 748(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1) substituted (with effect in accordance with [Sch. 17 para 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228201]: Words in [s. 748(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228221]: [S. 748(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/e) and preceding word inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228241]: [S. 748(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228261]: [S. 748(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/2) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/27); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228281]: Word in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228301]: Words in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312891]: [S. 748(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/6) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/1)
[^c23783361]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783411]: [S. 748(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/c) and word repealed (with effect in accordance with Sch. 15 para. 10 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/8/1), [Sch. 27 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/15), Note
[^c23783611]: [S. 749(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/749/10) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/2)
[^c21626201]: Source—1984 s.85
[^c21626211]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (27.7.1993 with application in relation to accounting periods beginning on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/1/2)
[^c22903781]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/5)
[^c23228341]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228361]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228381]: [S. 750(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23307091]: Words in [s. 750(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/b) repealed (with effect in accordance with Sch. 30 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c23783811]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783861]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/2)
[^c23783881]: [S. 750(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1A/1B) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/3)
[^c23783901]: [S. 750(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/ab) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/4)
[^c21626221]: Source—1984 s.86
[^c21626231]: 1990 s.89*and* Sch.14 para.9 (*correction of errors*)—*deemed always to have had effect. Previously* “the persons”.
[^c21626241]: 1990 s.67(2), (4)*on and after* 20*March* 1990.
[^c22902641]: [S. 751(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/2/bb) repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/4), [Sch. 26 Pt. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8), Note
[^c23784011]: [S. 751(1)-(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23228401]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228421]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228441]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228461]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228481]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with Sch. 17 para. 37 of amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228501]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228531]: [S. 751(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228551]: Words in [s. 751(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626271]: *See* 1970(M) s.55(1)(g)*and* (6A).
[^c21626281]: Source—1984 s.89(1)-(4), (7)-(11)
[^c23228631]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228841]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228861]: [S. 754(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228651]: [S. 754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228881]: [S. 754(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228671]: [S. 754(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/3) substituted for s. 754(3) (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228981]: [S. 754(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/4) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/7), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228691]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228771]: Words in [s. 754(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228901]: Words in [s. 754(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228921]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(d)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/d); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228941]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228791]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228961]: Words in [s. 754(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/b) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228821]: Word in [s. 754(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/8) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626301]: Source—1984 s.91
[^c23229231]: [S. 756(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1): definition of "company tax return" inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/16); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312381]: [S. 756(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3/a) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/a), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23312401]: Words in [s. 756(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23787401]: [S. 756(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1A/1B) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 6](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/6)
[^c23316391]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (10.6.1999) by The Non-resident [Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)](https://www.legislation.gov.uk/uksi/1999/1408), [regs. 3-6](https://www.legislation.gov.uk/uksi/1999/1408/regulation/3)
[^c23783671]: [S. 749A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/749A/9) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/3)
[^c23229181]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23314601]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [18](https://www.legislation.gov.uk/uksi/1998/1871/regulation/18)
[^c23288531]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30B](https://www.legislation.gov.uk/uksi/1997/473/regulation/30B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [4](https://www.legislation.gov.uk/uksi/1999/2636/regulation/4); and as that reg. 30B is amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [24](https://www.legislation.gov.uk/uksi/2004/822/regulation/24))
[^c23312581]: Words in [s. 755A(1)(c)(5)(7)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/1/c/5/7/12) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/j)
[^c23785881]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [16](https://www.legislation.gov.uk/uksi/2004/2680/regulation/16); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23785891]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/2005/2014/regulation/22) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [21](https://www.legislation.gov.uk/uksi/2007/2134/regulation/21))
[^c23785811]: Words in [s. 755A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/3) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/8)
[^c23785851]: [S. 755A(11)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/11) substituted for s. 755A(11) (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/9)
[^c23785931]: [S. 755A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4A) inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/a)
[^c23785951]: Words in [s. 755A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/8) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/b)
[^c23785971]: [S. 755A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/9) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/c)
[^c23786071]: Words in [s. 755A(2)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/2/6/a) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/10) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23785991]: Words in [s. 755A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23786031]: Words in [s. 755A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/6/c) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23786921]: [S. 755A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/12): definition of "long-term insurance fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/d), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23786051]: [S. 755A(13)(a)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/13/a/ba) substituted for s. 755A(13)(a)-(d) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23229201]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23229211]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23312621]: [S. 755B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/755B/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 44](https://www.legislation.gov.uk/uksi/2001/3629/article/44)
[^c23783031]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/45/5/6)
[^c23783571]: Words in [s. 748A(1)(c)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748A/1/c/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23783591]: [S. 748ZA(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA/5/a) omitted (with effect in accordance with Sch. 5 paras. 6(3), 7(3)(4) of the repealing Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 5 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7/2/a)
[^c21626341]: Source—1984 s.92(1), (7)
[^c21626351]: Words in [s. 757(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(43)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/43) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626361]: Source—1984 s.92(2)-(6), (8)
[^c21626441]: 1990 s.89*and* Sch.14 para.10 (*correction of errors*)—*deemed always to have had effect.*
[^c23788311]: [S. 757](https://www.legislation.gov.uk/ukpga/1988/1/section/757) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 7](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/7) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c23312931]: [S. 757(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^c23789391]: Words in [s. 757(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/2)
[^c23789431]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/a)
[^c23789451]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/b)
[^c23789471]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/a)
[^c23789491]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/b)
[^c21626481]: Source—1984 s.93
[^c21626491]: Words in [s. 758(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/5/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(44)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/44) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23312951]: Words in [s. 758(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/6)
[^c23789551]: [S. 758](https://www.legislation.gov.uk/ukpga/1988/1/section/758) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2004/2572/regulation/3)
[^c23789531]: [S. 758(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/7/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/5)
[^c21626561]: Source—1984 s.94
[^c21626571]: Words in [s. 759(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(45)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/45) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22903881]: [S. 759(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1A) inserted (with application in accordance with [s. 134(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/3)
[^c23789561]: [S. 759(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1/1A) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789591]: Words in [s. 759(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/2) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789611]: Words in [s. 759(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/3) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/4) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789631]: Words in [s. 759(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/5) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789651]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789681]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626601]: Source—1984 s.95
[^c23789871]: [S. 760](https://www.legislation.gov.uk/ukpga/1988/1/section/760) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)
[^c23789771]: [S. 760(3)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/3/b) and preceding word repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789821]: [S. 760(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/3), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789711]: Words in [s. 760(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789731]: Words in [s. 760(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789751]: [S. 760(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626641]: Source—1984 s.96; 1987 Sch.15 16(1)
[^c21626651]: 1990 s.89*and* Sch.14 para.11 (*correction of errors)*—*deemed always to have had effect. Previously* “and Schedule.”
[^c21626661]: Words in [s. 761(2)(3)(5)(6)(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2/3/5/6/7/a/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(47)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/47) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626691]: [S. 761(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/4) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23789881]: Words in [s. 761(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789901]: [S. 761(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789921]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/i)
[^c23789941]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/ii)
[^c23789961]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/i)
[^c23789981]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/ii)
[^c23790001]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/iii)
[^c23790021]: [S. 761(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/7/b) substituted (with effect in accordance with [Sch. 12 para. 47(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 47(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/1)
[^c23790041]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790061]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790101]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790081]: [S. 761(6A)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626751]: Source—1984 s.97
[^c21626761]: Words in [s. 762(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(48)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/48) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790231]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23790251]: Words in [s. 762(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/5/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790271]: Words in [s. 762(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/5/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790291]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626851]: Source—1984 s.98
[^c21626861]: Words in [s. 763(1)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(49)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/49) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790431]: Words in [s. 763(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6) substituted (with retrospective effect in accordance with [Sch. 26 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790411]: [S. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790451]: [S. 763(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 181](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/181) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23788281]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788261]: [S. 756A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/756A/3/4) substituted for s. 756A(3) (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/2)
[^c23788291]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788301]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21627011]: *Provisions of this section employed in* 1988(F) ss.105, 130*and* Sch.7.
[^c21627021]: Source—1970 s.482(1)-(4)
[^c21627031]: 1990 s.68(1), (4)*in relation to transactions carried out on or after* 1*July* 1990.
[^c21627041]: *Repealed by* 1988(F) ss.105(6), 148*and* Sch.14 Part IV*from* 15*March* 1988.*And see* 1988(F) ss.61, 130-132*and* Sch.7*for new requirements for companies from* 15*March* 1988.
[^c21627051]: 1988(F) s.105(6)*from* 15*March* 1988.*Previously* “so resident”.
[^c21627071]: O.J. No. L178/5
[^c21627081]: Source—1970 s.482(5)
[^c21627091]: Source—1970 s.482(6)
[^c21627101]: Source—1970 s.482(11)
[^c21627111]: Source—1970 s.482(7)
[^c21627121]: Source—1970 s.482(8)-(10)
[^c21627131]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627141]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21627151]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627161]: Source—1970 s.482(12)
[^c21627171]: Source—1970 s.483(1)-(7)
[^c21627191]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c23791281]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791371]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791451]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23312661]: Words in [s. 768(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/55)
[^c21627271]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c21627281]: Source—1970 s.484
[^c21627341]: [S. 769(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6) substituted (*in relation to change of ownership occurring on or after* 14*March* 1989) by [Finance Act 1989 (c. 26, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/100/2).
[^c21627351]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c21627361]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c22902721]: [S. 769(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/4)
[^c22902741]: [S. 769(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/9) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/5)
[^c22903911]: Words in [s. 769(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903991]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903951]: [S. 769(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3A) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/3)
[^c22903971]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/4)
[^c22904001]: Words in [s. 769(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/5) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c23082371]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/a)
[^c22992841]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23229421]: Word in [s. 769(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/5) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/a)
[^c23229491]: Words in [s. 769(1)(2)(d)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/2/d/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23314631]: Word in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/b)
[^c23229461]: Words in [s. 769(2A)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A/9) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/c)
[^c23229531]: Words in [s. 769(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23229551]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/c) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23791381]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791331]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791351]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229371]: [S. 767B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/1A) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/1)
[^c23229381]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/a)
[^c23229391]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/b)
[^c23229401]: Words in [s. 767B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/4) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/3)
[^c23229411]: Words in [s. 767B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/10) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/4)
[^c23076701]: [S. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) substituted for s. 768B(10)(11) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23077761]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312681]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 56](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/56)
[^c23312971]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313001]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23791251]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23790871]: Words in [s. 768B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/2)
[^c23790891]: Words in [s. 768B(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/a)
[^c23790911]: Words in [s. 768B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/b)
[^c23790931]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/4)
[^c23790951]: Words in [s. 768B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/9/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/5)
[^c23790971]: Words in [s. 768B(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/14) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/6)
[^c23791391]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791471]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791291]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/1)
[^c23082351]: [S. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) substituted for s. 768C(9)(10) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/40) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313021]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/10) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313041]: [S. 768C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/13) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/2)
[^c23791261]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23791011]: Words in [s. 768C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/2)
[^c23791031]: Words in [s. 768C(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/7/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/3)
[^c23791051]: [S. 768C(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/12): definition substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/4)
[^c23791401]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791481]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791311]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/2)
[^c23791341]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791361]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229631]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c23791271]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791411]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791491]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791071]: Words in [s. 768D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/a)
[^c23791091]: Words in [s. 768D(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/b)
[^c23791111]: Words in [s. 768D(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/a)
[^c23791131]: Words in [s. 768D(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/b)
[^c23791151]: Words in [s. 768D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/4)
[^c23791191]: [S. 768D(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/8/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/5)
[^c23791421]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791501]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791211]: Words in [s. 768E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/2)
[^c23791231]: Words in [s. 768E(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/7) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/3)
[^c21627451]: Source—1970 s.486
[^c23793501]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23793521]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627481]: Source—1970 s.488; 1979(C) Sch.7
[^c23261011]: Words in [s. 776(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a/b) substituted (31.7.1998) by [Finance Act 1998 (c. 6)](https://www.legislation.gov.uk/ukpga/1998/6), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/6/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/6/schedule/7/paragraph/1)
[^c23795051]: Word in [s. 776(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6) substituted (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(4)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/4); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23795151]: Words in [s. 776(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795071]: [S. 776(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795111]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795171]: Word in [s. 776(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795191]: Words in [s. 776(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795211]: Words in [s. 776(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796031]: [S. 776(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796051]: [S. 776(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796071]: Words in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795231]: Word in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796091]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796111]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/7/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795251]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795271]: Words in [s. 776(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795291]: Words in [s. 776(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796161]: [S. 776(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/9) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(9)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/9), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795651]: Words in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795961]: Word in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795981]: Words in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796011]: Word in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627521]: Source—1970 s.489; 1979(C) Sch.7
[^c21627531]: Words in [s. 777(11)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11/12) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(51)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/51) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23796301]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796321]: Words in [s. 777(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796341]: Words in [s. 777(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796361]: Words in [s. 777(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796381]: Words in [s. 777(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796401]: Words in [s. 777(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796421]: Words in [s. 777(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/6/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796441]: Words in [s. 777(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796461]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796481]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796501]: Words in [s. 777(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796531]: Words in [s. 777(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796681]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796701]: [S. 777(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/9) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796561]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(9)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796581]: Word in [s. 777(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796601]: [S. 777(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(11)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/11) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796621]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796741]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [2(3)(a)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/3/a)
[^c23796641]: [S. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13): definition of "capital" substituted for definition of "capital amount" (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796761]: [S. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13): words in definition of "capital" substituted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [2(3)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/3/b)
[^c23796721]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627551]: Source—1970 s.490
[^c21627561]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c23796781]: Words in [s. 778(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796801]: Words in [s. 778(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796821]: Words in [s. 778(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902761]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 23](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/23)
[^c21627571]: Source—1970 s.491
[^c22902821]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(8)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/8) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c23082471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/22) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22904051]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/10)
[^c22904011]: Words in [s. 779(13)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/a) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/27), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c23312471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23264461]: Words in [s. 779(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23796881]: Words in [s. 779(13)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 101](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/101) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23796901]: Words in [s. 779(13)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 32(2)
[^c23796921]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) renumbered as s. 779(10)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796941]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796961]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796981]: [S. 779(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797001]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797021]: [S. 779(13)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797061]: Words in [s. 779(13)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797041]: [S. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797081]: Words in [s. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 187(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/187/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797101]: Words in [s. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 187(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/187/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23082491]: [S. 780](https://www.legislation.gov.uk/ukpga/1988/1/section/780) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/23) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627581]: Source—1972 s.80
[^c23269121]: Words in [s. 780(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797221]: Words in [s. 780(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797241]: [S. 780(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797261]: [S. 780(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 188](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/188) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902841]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1)
[^c22902861]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(6)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/6)
[^c22902921]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904071]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/1)
[^c21627591]: Source—1970 s.492 (1)-(5), (7)-(9); 1971 Sch.8 16(7)
[^c21627601]: *See* 1979(C) s.106*and* Sch.3 para.9—*amounts charged under* s.781*to be excluded in computing capital gains.*
[^c23082531]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/1) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c23082391]: Words in [s. 781(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/2)
[^c23082411]: [S. 781(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/3)
[^c23312441]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23271011]: Words in [s. 781(4)(a)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/a/5/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23312701]: Words in [s. 781(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 57](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/57)
[^c23797301]: Words in [s. 781(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 102](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/102) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23797321]: Words in [s. 781(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 33(2)
[^c23797401]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8), [20](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797341]: Words in [s. 781(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797361]: [S. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797381]: Words in [s. 781(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797471]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16), [25](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25)
[^c23797451]: [S. 781(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797411]: Words in [s. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797431]: Words in [s. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902941]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/5)
[^c22902961]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904091]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/2)
[^c23082551]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627621]: Source—1970 s.493; 1971 Sch.8 16(8)
[^c23312481]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23276161]: Words in [s. 782(1)(a)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1/a/2/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797581]: Words in [s. 782(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797601]: [S. 782(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1A) inserted (with effect in accordance with [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/2)
[^c21627631]: Source—1970 s.494
[^c22902981]: [S. 783(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/2) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/2)
[^c22903001]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1/a/3)
[^c21627641]: *See*—s.756—s.783(11)*applied for purposes of* Part XVII Ch.IV (*controlled foreign companies*),s.798(10)—s.783(11)*applied for purposes of* s.798 (*interest on certain overseas loans*).
[^c23797661]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8/2), [20(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797641]: Words in [s. 783(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797711]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16/2), [25(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25/2)
[^c23797671]: Words in [s. 783(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [98](https://www.legislation.gov.uk/uksi/2005/3229/regulation/98)
[^c21627651]: Source—1970 s.495
[^c21627661]: Source—Consumer Credit Act 1974 Sch.4 29
[^c23279891]: Words in [s. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797791]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 319](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/319) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797811]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 190](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/190) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627681]: Source—1970 s.496
[^c22992861]: [S. 786(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/4) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 1; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23798221]: Words in [s. 786(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798261]: [S. 786(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798241]: Words in [s. 786(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798281]: [S. 786(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798301]: [S. 786(5ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5ZA) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/8/2)
[^c21627691]: Source—1976 s.38
[^c23798441]: [S. 787](https://www.legislation.gov.uk/ukpga/1988/1/section/787) extended (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/8)
[^c23313081]: [S. 787(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/2)
[^c23313101]: [S. 787(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/3) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/3)
[^c23797851]: [S. 785A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/785A/5A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/7/2)
[^c23794991]: Words in [s. 775A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/775A/4/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23793711]: [S. 774B(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/1) substituted for s. 774B(1) (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/2)
[^c23793731]: Words in [s. 774B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/4/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/3)
[^c23793751]: Words in [s. 774B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/5) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/4)
[^c23793811]: [S. 774D(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/774D/2A) inserted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/4)
[^c23794611]: [S. 774E(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/4/b) substituted (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/9)
[^c23794591]: Words in [s. 774E(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/5/b) substituted (with effect in accordance with [Sch. 5 para. 17(5)-(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/17/5) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/17/4)
[^c23794631]: Words in [s. 774E(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/7/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/5)
[^c23794771]: Words in [s. 774G(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/2/a)
[^c23794791]: [S. 774G(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/a/ii) and preceding word inserted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/2/b)
[^c23794811]: Words in [s. 774G(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/c) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/3)
[^c23794831]: [S. 774G(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/5A) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/4), [7(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/6)
[^c21627721]: *See*—1970 ss.267, 273, 273A*and* 276(groups)—*disapplication of those provisions in the case of companies treated as resident outside the U.K. by virtue of* s.788.1989 s.115—*calculation of tax credit for non-resident on gross amount of distribution.*1990 s.32(8)—*application of* s.788*to assets held by employee share ownership trusts.* [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/1)
[^c21627741]: Source—1970 s.497(1)-(8); 1972 ss.98(2), 100(1); 1976 s.50(2); 1987 s.70(1)
[^c22810261]: [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810241]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) repealed (1.4.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22810221]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) inserted (with effect in accordance with [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/1)
[^c22810271]: Words in [s. 788(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/1)
[^c22810291]: Words in [s. 788(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7/a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799001]: Words in [s. 788(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799021]: Words in [s. 788(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799061]: [S. 788(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/2) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23799041]: [S. 788(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/10) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 176](https://www.legislation.gov.uk/ukpga/2006/25/section/176)
[^c21627751]: Source—1970 s.497(9), (10); 1971 sch.6 74; 1972 s.100(1)
[^c21627761]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21627771]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c22810331]: Words in [s. 789(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/21)
[^c23799101]: [S. 789(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 191(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/191/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23799121]: Words in [s. 789(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 191(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/191/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627781]: Source—1970 s.498(1); 1972 s.100(1)
[^c21627791]: Source—1970 s.498(2)
[^c21627801]: Source—1970 s.498(3); 1972 s.100(1)
[^c21627811]: Source—1970 s.498(4); 1971 s.26(3); 1972 s.83(1)-(5)
[^c21627821]: Source—1970 s.498(5), (6); 1972 s.100(1)
[^c22810431]: [S. 790](https://www.legislation.gov.uk/ukpga/1988/1/section/790) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810351]: Words in [s. 790(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3) substituted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/2)
[^c22810391]: Words in [s. 790(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/2)
[^c22810411]: [S. 790(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/3)
[^c22810371]: [S. 790(10A)-(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/10A) inserted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/3)
[^c22894231]: Words in [s. 790(3)(5)(b)(10A)(d)(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3/5/b/10A/d/10C) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799161]: Words in [s. 790(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23799171]: Words in [s. 790(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/11) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627831]: *For regulations see* Part III Vol.5
[^c21627841]: Source—1970 s.517
[^c21627871]: Source—1970 s.500
[^c22894301]: Words in [s. 792(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802251]: [S. 792](https://www.legislation.gov.uk/ukpga/1988/1/section/792) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802231]: [S. 792(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1): words in definition of "foreign tax" inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 115(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/1)
[^c23802281]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627881]: Source—1970 s.501; 1972 s.100 (1).
[^c23802261]: [S. 793(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627891]: Source—1970 s.502; 1982 s.67; 1972 s.100(1).
[^c22894511]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/5)
[^c22894531]: [S. 794(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/c) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/6), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13)
[^c23802331]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802301]: Words in [s. 794(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 103](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/103) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23802321]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21627901]: Source—1970 s.503; 1972 s.100(1); 1987 Sch.15 2(18)
[^c22894551]: [S. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/41) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894601]: Words in [s. 795(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b) renumbered as s. 795(2)(b)(i) (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894571]: [S. 795(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894631]: [S. 795(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/3)
[^c22894671]: Words in [s. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) renumbered as s. 795(4)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c22894651]: [S. 795(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c23802431]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802341]: Words in [s. 795(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1) renumbered as s. 795(1)(a) (22.7.2004) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802361]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) and preceding word inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802421]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 277(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1A) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/6))
[^c23802381]: Words in [s. 795(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/a) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/3)
[^c23802401]: [S. 795(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/5) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/4)
[^c21627911]: Source—1970 s.504
[^c22894701]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (with effect in accordance with [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/12)
[^c23802541]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/2) (with [Sch. 1 para. 193(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/5) (as inserted by [S.I. 2007/3506](https://www.legislation.gov.uk/uksi/2007/3506), [arts. 1](https://www.legislation.gov.uk/uksi/2007/3506/article/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/3506/article/3/5) and as amended by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [4(6)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/b)), Sch. 2)
[^c23802561]: [S. 796(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/3) (with [Sch. 1 para. 193(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/5) (as inserted by [S.I. 2007/3506](https://www.legislation.gov.uk/uksi/2007/3506), [arts. 1](https://www.legislation.gov.uk/uksi/2007/3506/article/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/3506/article/3/5) and as amended by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [4(6)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/b)), Sch. 2)
[^c23802581]: Words in [s. 796(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/3) substituted (6.4.2007 with effect in accordance with [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/1/2)) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/4) (as substituted by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [art. 4(6)(a)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/a)) (with Sch. 2)
[^c21627921]: Source—1970 s.505; 1972 s.100(1), (3); 1984 s.53(1)
[^c21627931]: Source—1972 s.100(4)-(6A); 1984 s.53(1); 1986 s.49; 1987 (No.2) s.77
[^c22894721]: [S. 797(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3A/3B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894771]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/a/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894741]: [S. 797(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894781]: [S. 797(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/4/5) repealed (with effect in accordance with Sch. 3 para. 35(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/35/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22894801]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 54](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/54)
[^c23802601]: Words in [s. 797(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/1) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/2)
[^c23802621]: Words in [s. 797(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/3)
[^c23802641]: [S. 797(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2A) inserted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/4)
[^c23802681]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802661]: Words in [s. 797(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 34(2)
[^c23803041]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803121]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894841]: Word at the end of s. 797A(5)(a) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4)
[^c22894821]: [S. 797A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/c) and preceding word repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894861]: Words at the end of s. 797A(5) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/c/4)
[^c22894901]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/d/4)
[^c22894881]: Words at the end of s. 797A(7) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/e/4)
[^c22894931]: Word in [s. 797A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/a) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/a)
[^c22894951]: Words in [s. 797A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/b) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/b)
[^c23802771]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894991]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/i)
[^c22895011]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/ii)
[^c22895071]: [S. 797A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/b)
[^c22895031]: Word in [s. 797A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/c)
[^c22895101]: Words in [s. 797A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22895051]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/3)
[^c22895141]: Words in [s. 797A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/7) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23803061]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803131]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803081]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803141]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802291]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894471]: Words in [s. 793A(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793A/1/a/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802531]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894501]: Words in [s. 795A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795A/1/b) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802961]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803151]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803281]: [S. 798C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/798C/2) substituted for s. 798C(2) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 194](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/194) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627961]: Source—1970 s.506; 1976 s.50(3)
[^c22895281]: Words in [s. 799(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1) renumbered as s. 799(1)(a) (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895261]: [S. 799(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1/b) and preceding word inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895291]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/3)
[^c22895311]: Word at the end of s. 799(3)(a) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/a)
[^c22895331]: [S. 799(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/b) repealed (with effect in accordance with Sch. 30 para. 8(5)(6) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/b), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895351]: Words in [s. 799(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/c) substituted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/c)
[^c22895371]: [S. 799(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/5) added (with effect in accordance with [Sch. 30 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/2)
[^c22895391]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) substituted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/2)
[^c22895411]: [S. 799(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1B) inserted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/3)
[^c23803451]: [S. 799(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/2A) inserted (with effect in accordance with [s. 85(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/2) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/1)
[^c23803471]: Words in [s. 799(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/6/b) inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/7)
[^c21627981]: Source—1970 s.508; 1971 s.26(2)
[^c22895871]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/a)
[^c22895891]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/b)
[^c22895911]: [S. 801(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/9)
[^c22895931]: [S. 801(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A) inserted (with effect in accordance with [Sch. 30 para. 11(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 11(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/2)
[^c22895971]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) inserted (with effect in accordance with [Sch. 27 para. 3(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/3)
[^c23803591]: Words in [s. 801(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23803671]: Words in [s. 801(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2) substituted (with effect in accordance with [s. 91(8)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/8) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/5)
[^c23803601]: [S. 801(2A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A/aa) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/2)
[^c23803641]: [S. 801(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2B) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/3)
[^c23803691]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) repealed (with effect in accordance with s. 91(8) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/6), [Sch. 11 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/9), Note
[^c23803651]: [S. 801(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/6/7) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/4)
[^c23803741]: [S. 801(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/5A) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 43(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/2)
[^c21628011]: Source—1982 s.66; 1987 (No.2) s.68
[^c22896271]: Words in [s. 803(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/b) inserted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/a)
[^c22896291]: Words in [s. 803(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/c) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/b)
[^c22896311]: [S. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/c)
[^c22896331]: Words in [s. 803(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/3) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/3)
[^c22896591]: [S. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted for s. 803(10)(11) (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/10)
[^c23803891]: Words in [s. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 86(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/a)
[^c23803911]: [S. 803(4)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/4) repealed (with effect in accordance with s. 86(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/b), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/8), Note
[^c23803981]: Words in [s. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 196](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/196) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22896071]: Words in [s. 801A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/1/a) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/11)
[^c22896091]: Words in [s. 801A(2)(7)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/2/7/11) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/12)
[^c23803871]: [S. 801A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 195](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/195) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23804001]: [S. 803A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/803A/1A) inserted (with effect in accordance with [s. 90(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/2)
[^c21628021]: Source—1970 s.510; 1971 Sch.6 75
[^c22897241]: Words in [s. 804(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/1) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897261]: [S. 804(5)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5) substituted for s. 804(5) (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/2) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definition of "overlap profit" inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/a) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897301]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definitions of "non-basis period" and "years of commencement" repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897331]: Words in [s. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8) repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897351]: Words in [s. 804(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/7) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/22)
[^c23804191]: Words in [s. 804(5)(b)(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5/b/5A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804241]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804261]: Words in [s. 804(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5C) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): words in definition of "overlap profit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804301]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 197(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/197/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23804321]: [S. 804(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 197(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/197/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22897371]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c22897391]: [S. 804A(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted for s. 804A(1) (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/2)
[^c22897411]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/3)
[^c22897431]: Words in [s. 804A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/5) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/4)
[^c23804341]: Words in [s. 804A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23804351]: Words in [s. 804A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 48](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/48) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21628041]: *See* s.732(4)—*dealers in securities.*
[^c23805031]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21628051]: Source—1970 s.511; 1972 s.100(1)
[^c21628061]: *See* s.448—*overseas life assurance companies.*
[^c22897581]: [S. 806(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/3) inserted (17.3.1998 with effect in accordance with [s. 107(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 107(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/1)
[^c22897601]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22897611]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23805041]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22897621]: [S. 806(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/1) substituted (with effect in accordance with [Sch. 30 para. 20(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/2)
[^c22897471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30C](https://www.legislation.gov.uk/uksi/1997/473/regulation/30C) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [25](https://www.legislation.gov.uk/uksi/2004/822/regulation/25))
[^c22897211]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23804411]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/a)
[^c23804431]: Words in [s. 804B(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/b) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/b)
[^c23804471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2005/2014/regulation/23) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [22](https://www.legislation.gov.uk/uksi/2007/2134/regulation/22); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2008/1937/regulation/10))
[^c23804451]: [S. 804B(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/7)
[^c23804481]: Words in [s. 804B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/1/a) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804651]: Words in [s. 804B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804501]: [S. 804B(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/3/3A) substituted for s. 804B(3) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804521]: Words in [s. 804B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/5/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804671]: Words in [s. 804B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/5/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804541]: Words in [s. 804B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804691]: Words in [s. 804B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(7)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/7/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804561]: Words in [s. 804B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/6) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(7)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/7/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804591]: Words in [s. 804B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(8)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/8/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804611]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(8)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/8/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804631]: [S. 804B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/9) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/9) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804741]: Words in [s. 804C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/4/5) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/3)
[^c23804771]: [S. 804C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/13) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/4)
[^c23804831]: [S. 804C](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) modified by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(6)-(9)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/6) (as substituted (1.1.2009 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2008/3159/regulation/16))
[^c23804791]: Words in [s. 804C(14)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/14/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 50(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/50/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804811]: Words in [s. 804C(14)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/14/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 50(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/50/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22897551]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30D](https://www.legislation.gov.uk/uksi/1997/473/regulation/30D) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [26](https://www.legislation.gov.uk/uksi/2004/822/regulation/26))
[^c23804881]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2005/2014/regulation/24)
[^c22897221]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23804891]: Words in [s. 804D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804D/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 51(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/51/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804911]: Words in [s. 804D(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804D/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 51(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/51/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22897231]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23804931]: Words in [s. 804E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804E/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 52](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/52) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804951]: [S. 804E(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/804E/3/d) repealed (with effect in accordance with Sch. 11 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/11), Note
[^c23805011]: Words in [s. 804ZA(8)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA/8/c) repealed (with effect in accordance with s. 35(4)-(7) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/2), [Sch. 27 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/6), Note
[^c23804991]: [S. 804ZA(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA/11A) inserted (with effect in accordance with [s. 35(4)-(7)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 35(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/3)
[^c22898011]: Words in [s. 806A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806A/5) added (with effect in accordance with [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/2)
[^c22898031]: [S. 806B(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/3) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/2)
[^c22898051]: Words in [s. 806B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/9) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/3)
[^c23805811]: [S. 806K(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23805821]: [S. 806K(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/2/bb) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23805901]: Words in [s. 806L(1)(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/1/2/4/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23805881]: [S. 806L(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/7) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/3)
[^c23805961]: [S. 806L(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 53](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/53) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23806021]: Words in [s. 806M(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806M/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628081]: Source—1985 Sch.23 37
[^c21628091]: Source—1988 Sch.23 38(1)-(3)
[^c22898151]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 45](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/45) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23806331]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 325](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/325) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23806351]: Words in [s. 807(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806371]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806391]: Words in [s. 807(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806491]: Words in [s. 807(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806421]: Words in [s. 807(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806451]: Words in [s. 807(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806471]: [S. 807(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806511]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628111]: Source—1976 s.50(1)
[^c21628121]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.21](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21)
[^c22899541]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/a)
[^c22899561]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/b)
[^c22899581]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) repealed (with effect in accordance with s. 140(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/c), [Sch. 26 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/18), Note
[^c23806761]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 54](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/54) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21628141]: Source—1973 s.18
[^c23806841]: Words in [s. 809(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 24(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/24/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23806871]: Words in [s. 809(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 199](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/199) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628191]: Source—1970 s.516; 1973 s.40(1); 1987 Sch.15 2(19)
[^c21628212]: [S. 811(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/c) and preceding word repealed (with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(g)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/g/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22899621]: [S. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 47](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/47) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899641]: [S. 811(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/4) inserted (with effect in accordance with [Sch. 30 para. 27(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 27(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/2)
[^c22899661]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22899671]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22899681]: Word preceding s. 811(2)(b) repealed (with effect in accordance with Sch. 27 para. 6(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/a), [Sch. 33 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/8), Note
[^c22899721]: [S. 811(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/d) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/c)
[^c22899761]: Words in [s. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) renumbered as s. 811(3)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c22899741]: [S. 811(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c23806891]: Words in [s. 811(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [s. 115(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/2)
[^c23806911]: Word at the end of s. 811(2)(a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 200(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/200/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806951]: [S. 811(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/b) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 200(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/200/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628221]: Source—1985 s.54(1),(3)
[^c21628231]: Source—1985 s.54(6) Sch.13 5
[^c21628241]: Source—1985 s.54(4),(5)
[^c21628251]: Source—1985 s.54(6) Sch.13 5.
[^c21628261]: Source—1985 s.54(7)(b), Sch.13 5(1)
[^c21628271]: Source—1985 s.54(7)(a)
[^c21628281]: Source—1985 s.54(8)
[^c22899771]: [S. 812(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/4/a) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/2), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22899791]: Words in [s. 812(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/3)
[^c22899821]: Words in [s. 812(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807201]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807221]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807241]: [S. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 201](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/201) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23807301]: Words in [s. 812(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1/b) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/30) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23807261]: Words in [s. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c23807281]: [S. 812(5)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/d) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c21628291]: Source—1985 Sch.13 1
[^c21628301]: *Reproduced in* Part III Vol.5.
[^c21628311]: [S.I. 1973/317](https://www.legislation.gov.uk/uksi/1973/317).
[^c22899851]: [S. 813(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/813/6/b) repealed (with effect in accordance with Sch. 3 para. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/37/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21628321]: Source-1985 Sch. 13 3
[^c23807321]: [S. 814(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23807331]: Words in [s. 814(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1/a) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/31) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c21628331]: Source—1985 Sch.13 4(1)
[^c21628391]: *See* 1979(C) s.10(4)—*application to capital gains tax.* [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/5)
[^c21628401]: Source—1970 s.518; 1972 s.100(1)
[^c21628411]: [S. 816(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/2)
[^c22900281]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) inserted (with effect in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/d)
[^c22900311]: [S. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900331]: Word in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/c)
[^c23807421]: Words in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(a)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/a); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807481]: [S. 816(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/5) added (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(c)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/c); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23808361]: [S. 816(2)(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23807471]: Words in [s. 816(2)(2ZA)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA/2A) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(b)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/b); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23810221]: Words in [s. 816(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 202(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/202/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23810731]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 202(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/202/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806781]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806791]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628351]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)) [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(5)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22900201]: [S. 815A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/2) substituted for s. 815A(2)-(4) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/39)
[^c23807351]: Words in [s. 815A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23807381]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140F(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/4) (as substituted (29.11.2007 with effect in accordance with reg. 3 of the affecting S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2))
[^c23807361]: Words in [s. 815A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/1) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/1)
[^c22898181]: Words in [s. 807A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/2)
[^c22898201]: [S. 807A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2A) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/3)
[^c22898221]: Words in [s. 807A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/3/b) inserted (with effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/4)
[^c22898241]: [S. 807A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/5)
[^c22898291]: Words in [s. 807A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b) renumbered as s. 807A(2)(b)(i) (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898271]: [S. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898301]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/3)
[^c22898331]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898351]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898371]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant payment" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898391]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c23806531]: [S. 807A(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2B) inserted (with effect in accordance with [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/2)
[^c23806571]: [S. 807A(4)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/4/5/b) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(g)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/g), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23806601]: Words in [s. 807A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6/a) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(g)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/g), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23806551]: [S. 807A(6A)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) substituted for s. 807A(6A) (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 4](https://www.legislation.gov.uk/uksi/2007/2483/article/4)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/10)
[^c23806801]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806811]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900221]: Words in [s. 815AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c21628421]: Source—1970 s.519.
[^c21628431]: *See* s.125—*annual payments for non-taxable consideration.*
[^c22800371]: [S. 817(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/b) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c23812231]: Word in [s. 817(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812251]: Words in [s. 817(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812271]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812291]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812331]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812311]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628891]: Source—1975 (No.2) s.47(3)(a)
[^c22801891]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 146, Sch.13 para.7(c)
[^c22801921]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) repealed (on and after 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch.17 Part 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801901]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch.13 para.7(c)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/c)
[^c23813091]: Words in [s. 824(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629221]: *Repealed by* 1989 s.178(7)*and* 187*and* Sch.17 Part X*from* 18*August* 1989 (*see* S.I. [1989 No.1298](https://www.legislation.gov.uk/ukcm/1989/1298)).
[^c21629261]: *See* Table I*in* Vol.1*and see* 1989 s.178*for further regulation making powers and* Part III Vol.5*for regulations.*
[^c21629281]: *And see* Sch.30 para.1(9).
[^c22802181]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802941]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(a) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/a)
[^c22802951]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(b) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/b)
[^c22802961]: Words in [s. 826(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5/b) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/3)
[^c22803451]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/a)
[^c21629551]: Source—1986 s.53.
[^c22803521]: [S. 827(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 7 para. 31](https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/31)
[^c22803541]: Words in [s. 827(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/a)
[^c22803561]: Words in [s. 827(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/a) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/b)
[^c22803581]: Words in [s. 827(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/b/c) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/c)
[^c22803611]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/d)
[^c22803631]: [S. 827(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1A) inserted (1.11.1994 for specified purposes and 1.1.1995 otherwise) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 18(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/18/7), [19(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/1) (with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/3)); [S.I. 1994/2679](https://www.legislation.gov.uk/uksi/1994/2679), [arts. 2](https://www.legislation.gov.uk/uksi/1994/2679/article/2), [3](https://www.legislation.gov.uk/uksi/1994/2679/article/3) (with [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/2679/article/4/3))
[^c22803651]: [S. 827(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 5 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/40)
[^c22803671]: [S. 827(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/4)
[^c22803691]: [S. 827(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1E) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/49/3)
[^c23814871]: [S. 827(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1G) inserted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/6)
[^c23814891]: [S. 827(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1F) inserted (27.11.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 24(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/24/7), [40](https://www.legislation.gov.uk/ukpga/2003/14/section/40); [S.I. 2003/2985](https://www.legislation.gov.uk/uksi/2003/2985), [art. 2](https://www.legislation.gov.uk/uksi/2003/2985/article/2)
[^c23814911]: Words in [s. 827](https://www.legislation.gov.uk/ukpga/1988/1/section/827) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815001]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815021]: [S. 827(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629671]: 1989 s.178(6).
[^c22803721]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/24)
[^c23815061]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815081]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815161]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815181]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815141]: Words in [s. 828(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815261]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815331]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815281]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815301]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815421]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815321]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815431]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815441]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/8)
[^c21629771]: Source—1973 s.38(1), (2)-(4), (6)
[^c21629781]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22803791]: Word in [s. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23816181]: [S. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23816191]: Words in [s. 830(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 335](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/335), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816211]: Words in [s. 830(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 210](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/210), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21630391]: 1970 s.526(5), 527(1); 1971 s.32(1), (1D), Sch.8 16(3); 1976 Sch.4 11; 1972 s.93(6); 1979(C), Sch.7; 1981 s.34(5); 1987 Sch.15 2(20)
[^c21630421]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21630441]: Word in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(54)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/54) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21630491]: 1990 s.127*and* Sch.18 para.5(3)*on and after* 1*April* 1990.*Previously* “ “local authority” and “local authority association” have the meanings given by section 519;”.
[^c21630501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(9)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/9/10/11)
[^c21630511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of “the rate applicable to trusts” inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.15](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/15), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21630531]: Source—1970 s.526(6)
[^c21630541]: Source—1970 s.526(3), (4)
[^c22804321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "recognised clearing system" repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/25), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c22804331]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Schedule A business" inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/28)
[^c22804351]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "additional rate" repealed (with effect in accordance with Sch. 18 Pt. 6(1) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/1)
[^c22804371]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "open-ended investment company", "authorised corporate director", "owner of shares" and "scheme property" inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 14](https://www.legislation.gov.uk/uksi/1997/1154/regulation/14)
[^c22804391]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the Schedule F ordinary rate", "the Schedule F trust rate", and "the Schedule F upper rate" inserted (with effect in accordance with [Sch. 4 para. 22(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/1)
[^c22804431]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked investment income" substituted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/2)
[^c22804491]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked payment" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "group income" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804471]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 118(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/118/10)
[^c22804511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate of advance corporation tax" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/5), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804521]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "surplus of franked investment income" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/6), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804451]: [S. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) inserted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/7)
[^c22804581]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" inserted after the definition of "Schedule A business" (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/b)
[^c22804601]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "capital allowance" substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/a)
[^c22804621]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the Capital Allowances Act" substituted for definition of "the Capital Allowances Acts" (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/b)
[^c22804641]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/2)
[^c22804701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "for accounting purposes" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "generally accepted accounting practice" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "period of account" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c23816661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "permanent establishment" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 148(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/6)
[^c23816741]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "generally accepted accounting practice" substituted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/a)
[^c23816701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "international accounting standards" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "offshore installation" inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/2)
[^c23816721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK generally accepted accounting practice" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816761]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "estate in land" inserted (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2)(c); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23816781]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "overseas property business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816871]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816821]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "Schedule A business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816801]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "tax credit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816891]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816911]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Ulster Savings Certificates" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/g), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816941]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [99](https://www.legislation.gov.uk/uksi/2005/3229/regulation/99)
[^c23816961]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "registered pension scheme" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816981]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "scheme administrator" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23817001]: Words in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817121]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "basic rate" and "basic rate limit" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817141]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "higher rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817161]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "industrial assurance business" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817181]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "interest" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817201]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/f), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817221]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(g)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/g), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817241]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(h)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/h), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817261]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "overseas property business", para. (a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817281]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "overseas property business", words in para. (b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817301]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "preference dividend" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(j)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/j), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817081]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "property investment LLP" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(k)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/k) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate applicable to trusts" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(l)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/l), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817341]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(m)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/m), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817361]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(n)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/n), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817441]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the dividend ordinary rate", "the dividend trust rate" and "the dividend upper rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(q)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/q), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817381]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(o)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/o), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817401]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "tax credit", words in para. (a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(p)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/p), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817421]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "tax credit", para. (b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(p)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/p), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817481]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(r)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/r), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817061]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "unit trust scheme" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(s)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/s) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817101]: [S. 832(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817021]: Words in [s. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817501]: [S. 832(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21630741]: Source—1970 s.527.
[^c22805331]: Words in [s. 834(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/6)
[^c22805371]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "allowable loss" excluded (with effect in accordance with s. 63(4) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 94(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/94/4)
[^c22805351]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definitions of "loan relationship" and "non-trading deficit" inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/49) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22805381]: Words in [s. 834(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/61), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22805421]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "accounting date" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805411]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "charges on income" substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/4)
[^c22805391]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "derivative contract" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/13)
[^c23817821]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "chargeable profits" inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/5)
[^c23817841]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "statutory insolvency arrangement" inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/8)
[^c23817861]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" inserted (with effect in accordance with [s. 69(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 69(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/4)
[^c23817881]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "venture capital trust" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817901]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" substituted (with effect in accordance with [s. 27(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(5)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/5)
[^c21630981]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/a), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 189(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/189/6)
[^c22805691]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21630991]: Source—1970 s.532.
[^c21631011]: Definition in s. 838 modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/2/c), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22805681]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (30.3.1995) by [The Electricity (Class Exemptions from the Requirement for a Licence) (No. 2) Order 1995 (S.I. 1995/909)](https://www.legislation.gov.uk/uksi/1995/909), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/1995/909/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.10.2001) by [The Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 (S.I. 2001/3270)](https://www.legislation.gov.uk/uksi/2001/3270), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/2001/3270/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21631021]: [S. 838(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [Pt. I para. 31(11)](https://www.legislation.gov.uk/ukpga/1993/37/part/I/paragraph/31/11)
[^c23818591]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (1.1.2008 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Scientific Research Organisations Regulations 2007 (S.I. 2007/3426)](https://www.legislation.gov.uk/uksi/2007/3426), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/2/3)
[^c23818611]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (with effect in accordance with s. 93(2) of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 46 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/46/paragraph/18/3/4)
[^c23818581]: Words in [s. 838(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 222](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/222) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818601]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 768(9)](https://www.legislation.gov.uk/ukpga/2009/4/section/768/9) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21631141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 104(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/104/3), [112(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/112/7/b) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [1983 c. 55](https://www.legislation.gov.uk/ukpga/1983/55), [Sch. 4A para. 1(5)](https://www.legislation.gov.uk/ukpga/1983/55/schedule/4A/paragraph/1/5) (as inserted (1.12.1992 for specified purposes and 1.1.1993 otherwise) by Finance No. 2 Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 62; [S.I. 1992/2979](https://www.legislation.gov.uk/uksi/1992/2979), [art. 4](https://www.legislation.gov.uk/uksi/1992/2979/article/4), [Sch. Pt. II](https://www.legislation.gov.uk/uksi/1992/2979/schedule/part/II); [S.I. 1992/3261](https://www.legislation.gov.uk/uksi/1992/3261), [art. 3](https://www.legislation.gov.uk/uksi/1992/3261/article/3),Sch.) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 193(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/193/6)
[^c21631151]: Source—1970 s.533.
[^c21631161]: [S. 839(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (E.W.S.) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 8(9)(b)](https://www.legislation.gov.uk/uksi/1992/58/article/8/9/b), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1992/58/schedule/1/paragraph/3)
[^c21631231]: [1958 c. 45](https://www.legislation.gov.uk/ukpga/1958/45).
[^c21631241]: [1940 c. 9 (N.I.)](https://www.legislation.gov.uk/apni/1940/9)
[^c22805721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 127(19) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 127(17)](https://www.legislation.gov.uk/ukpga/1995/4/section/127/17)
[^c22805731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 15(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/15/7) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 105(1), Sch. 13 para. 8(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/8/3) (with [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6))
[^c22805741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 80B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/80B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 97(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/97/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 88B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/88B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 102(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/102/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2)
[^c22805751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 6A para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/6A/paragraph/1/2) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 22(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/22/3), [24](https://www.legislation.gov.uk/ukpga/1997/16/section/24), [Sch. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/4))
[^c22805761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 9](https://www.legislation.gov.uk/ukpga/1994/23/schedule/9) Group 2 Note (6) (as substituted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 38](https://www.legislation.gov.uk/ukpga/1997/16/section/38)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 10 para. 3A(14)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/10/paragraph/3A/14) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 37(3)-(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/37/3))
[^c22805771]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/25/2)
[^c22805701]: [S. 839(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/3A) substituted for s. 839(3) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/20)
[^c22806611]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 48(11) of the affecting Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 48(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/48/10)
[^c22806621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/10) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/11/paragraph/3/4)
[^c22806631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 97(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/97/2/a)
[^c22806641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (28.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 119(9)(13)](https://www.legislation.gov.uk/ukpga/2000/17/section/119/9/13) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 62 of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 71(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/71/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 102(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/102/3) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/25/2) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22806651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 575(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/1) (with [s. 575(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/2))
[^c22806661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 70(1) of the affecting Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 31(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/31/4) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22806671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2002) by [The Aggregates Levy (General) Regulations 2002 (S.I. 2002/761)](https://www.legislation.gov.uk/uksi/2002/761), [reg. 12(2)](https://www.legislation.gov.uk/uksi/2002/761/regulation/12/2)
[^c22806681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.6.2002) by [The Beer Regulations 1993 (S.I. 1993/1228)](https://www.legislation.gov.uk/uksi/1993/1228), [Sch. 1](https://www.legislation.gov.uk/uksi/1993/1228/schedule/1) (as amended by [The Beer and Excise Warehousing (Amendment) Regulations 2002 (S.I. 2002/1265)](https://www.legislation.gov.uk/uksi/2002/1265), [reg. 2(5)(b)](https://www.legislation.gov.uk/uksi/2002/1265/regulation/2/5/b))
[^c22806721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 55(7) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 55(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/5) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/5) (as inserted (with effect in accordance with [s. 104(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Alcoholic Liquor Duties Act 1979 (c. 4)](https://www.legislation.gov.uk/ukpga/1979/4), [s. 36B(8)](https://www.legislation.gov.uk/ukpga/1979/4/section/36B/8) (as inserted (1.6.2002) [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 4(1)(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/4/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/1/paragraph/2)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 53(1) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 19(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/19/2) (with [Sch. 12 para. 20](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 13 para. 28 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/27/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 37 para. 2(5) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 37 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/37/paragraph/2/4/b)
[^c22806731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 4 para. 4A(3)](https://www.legislation.gov.uk/uksi/2001/1004/schedule/4/paragraph/4A/3) (as inserted (28.11.2002) by The Social Security (Contributions)(Amendment No. 5) Regulations 2002 ([S.I. 2002/2929](https://www.legislation.gov.uk/uksi/2002/2929)), reg. 5)
[^c23818621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 51(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/51/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23818631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 718](https://www.legislation.gov.uk/ukpga/2003/1/section/718) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23818641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003 with effect in accordance with Sch. 19 of the affecting Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 45(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/45/6), [53(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/53/2), [58(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/58/5), [108(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/108/1), [Sch. 4 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1/2), [10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/10/4), [12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/12/2); [S.I. 2003/2899](https://www.legislation.gov.uk/uksi/2003/2899), [art. 2](https://www.legislation.gov.uk/uksi/2003/2899/article/2)
[^c23818651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/26/paragraph/7/3)
[^c23818661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (1.12.2003) by [The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816)](https://www.legislation.gov.uk/uksi/2003/2816), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2816/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2816/schedule/paragraph/3/2) (replacing [S.I. 2003/2760](https://www.legislation.gov.uk/uksi/2003/2760), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2760/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2760/schedule/paragraph/3/2)); and [S.I. 2003/2816](https://www.legislation.gov.uk/uksi/2003/2816) is revoked and replaced by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 paras. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/14), [17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2), [26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26)
[^c23818671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Value Added Tax Regulations 1995 (S.I. 1995/2518)](https://www.legislation.gov.uk/uksi/1995/2518), [reg. 171(7)(8)](https://www.legislation.gov.uk/uksi/1995/2518/regulation/171/7/8) (as inserted (11.12.2003) by [The Value Added Tax (Amendment) (No. 6) Regulations 2003 (S.I. 2003/3220)](https://www.legislation.gov.uk/uksi/2003/3220), [regs. 1(1)(b)](https://www.legislation.gov.uk/uksi/2003/3220/regulation/1/1/b), [23](https://www.legislation.gov.uk/uksi/2003/3220/regulation/23))
[^c23818681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818691]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (with effect in accordance with s. 84(2) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/15/paragraph/2)
[^c23818701]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 45A(10)](https://www.legislation.gov.uk/ukpga/2003/14/section/45A/10) (as inserted (with effect in accordance with [Sch. 39 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/13/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/5/5))
[^c23818711]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 44(11)](https://www.legislation.gov.uk/ukpga/2003/14/section/44/11) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 15(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/15/4))
[^c23818721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2))
[^c23818731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 15 para. 39](https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/39) (as substituted (with effect in accordance with [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 41 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/1))
[^c23818741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (S.I. 2004/1863)](https://www.legislation.gov.uk/uksi/2004/1863), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1863/regulation/1/1/3)
[^c23818751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 (S.I. 2004/1865)](https://www.legislation.gov.uk/uksi/2004/1865), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1865/regulation/1/1/3)
[^c23818761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(5)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/5), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c22806591]: Words in [s. 839(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/8) inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 15](https://www.legislation.gov.uk/uksi/1997/1154/regulation/15)
[^c23818791]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 83(9)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/9)
[^c23818801]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(4)(n)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/4/n), [31(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/31/3), [Sch. 3 para. 12](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/12)
[^c23818811]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91D(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/91D/12) (as inserted (with effect in accordance with [Sch. 7 para. 10(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/4))
[^c23818821]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 17A para. 18A(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/18A/6) (as inserted (with effect in accordance with [Sch. 10 para. 16(5)-(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/16/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/14))
[^c23818831]: Words in [s. 839(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [100](https://www.legislation.gov.uk/uksi/2005/3229/regulation/100)
[^c23819041]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 161(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/161/8), [273(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/273/11), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818941]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 266A(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/266A/7) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818951]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 162(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/162/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/6/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818961]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 172A(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/172A/11), [172B(9)](https://www.legislation.gov.uk/ukpga/2004/12/section/172B/9), [172C(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/172C/7), [172D(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/172D/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 38](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/38), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818971]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 11D(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/11D/5) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 161(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/161/2), [Sch. 23 para. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/23/paragraph/38))
[^c23818981]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Pension Schemes (Reduction in Pension Rates) Regulations 2006 (S.I. 2006/138)](https://www.legislation.gov.uk/uksi/2006/138), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/138/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2006/138/regulation/2/3)
[^c23818991]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Registered Pension Schemes (Provision of Information) Regulations 2006 (S.I. 2006/567)](https://www.legislation.gov.uk/uksi/2006/567), [regs. 1](https://www.legislation.gov.uk/uksi/2006/567/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/567/regulation/2/2)
[^c23819021]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(7)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/7) (as inserted (7.12.2006) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2006 (S.I. 2006/3239)](https://www.legislation.gov.uk/uksi/2006/3239), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3239/regulation/1), [2](https://www.legislation.gov.uk/uksi/2006/3239/regulation/2))
[^c23819031]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (14.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Oil Taxation (Market Value of Oil) Regulations 2006 (S.I. 2006/3313)](https://www.legislation.gov.uk/uksi/2006/3313), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/1/1), [8(4)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/8/4)
[^c23819011]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 34(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/34/4), [53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c23819001]: [S. 839(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (6.4.2006) by [The Registered Pension Schemes (Authorised Surplus Payments) Regulations 2006 (S.I. 2006/574)](https://www.legislation.gov.uk/uksi/2006/574), [regs. 1](https://www.legislation.gov.uk/uksi/2006/574/regulation/1), [2(5)](https://www.legislation.gov.uk/uksi/2006/574/regulation/2/5)
[^c23818921]: Word at the end of s. 839(3)(b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23818881]: [S. 839(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/d/e) substituted for words in s. 839(3) (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23818901]: [S. 839(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/c), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23819091]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (28.12.2007 with effect in accordance with reg. 1 of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [reg. 2(2)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/2/2)
[^c23819101]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2008 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Scientific Research Organisations Regulations 2007 (S.I. 2007/3426)](https://www.legislation.gov.uk/uksi/2007/3426), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/14/4)
[^c23819111]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69J(10)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69J/10/b) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23819121]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22), [Sch. 5 para. 2B(2)](https://www.legislation.gov.uk/ukpga/1975/22/schedule/5/paragraph/2B/2) (as substituted (with effect in accordance with [s. 103(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/103/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/103/1))
[^c23819131]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2E)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2E) (as inserted (with effect in accordance with [Sch. 22 para. 5(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 5(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/1))
[^c23819141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3ZC)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3ZC) (as inserted (with effect in accordance with [Sch. 22 para. 5(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 5(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/2))
[^c23819151]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 91H(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/91H/5), [91I(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/91I/6) (as inserted (with effect in accordance with [Sch. 22 para. 17(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/17/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/17/1))
[^c23819161]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 94B(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/94B/10) (as inserted (with effect in accordance with [Sch. 22 para. 18(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/18/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 18(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/18/1))
[^c23819171]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 34(7)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/34/7)
[^c23819181]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14C(10)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14C/10/b) (as inserted (1.1.2009 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11))
[^c23819191]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1316(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1316/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23819201]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Betting and Gaming Duties Act 1981 (c. 63)](https://www.legislation.gov.uk/ukpga/1981/63), [s. 21(7)](https://www.legislation.gov.uk/ukpga/1981/63/section/21/7) (as inserted (1.6.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 22(6)(12)](https://www.legislation.gov.uk/ukpga/2009/10/section/22/6/12))
[^c23819211]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 9 paras. 5(2B)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/5/2B), [7(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/7/9) (as inserted (with effect in accordance with [s. 81(8)](https://www.legislation.gov.uk/ukpga/2009/10/section/81/8) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 81(6)(b)(7)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/81/6/b/7/b))
[^c23819221]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 3 para. 11 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/3/paragraph/8)
[^c23819231]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [76(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/76/3/b), [82(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/82/3/b) (with [regs. 119](https://www.legislation.gov.uk/uksi/2009/3001/regulation/119), [122](https://www.legislation.gov.uk/uksi/2009/3001/regulation/122), [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1))
[^c23819051]: Words in [s. 839(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 223(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/223/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819071]: [S. 839(3B)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B/b/i/ii) substituted for words in s. 839(3B)(b) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 223(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/223/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806791]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/87/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/67/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s.77(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/77/6) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 22 para. 17(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/17/6/a/ii) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/8/9) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.2.2001) by [Trustee Act 2000 (c. 29)](https://www.legislation.gov.uk/ukpga/2000/29), [ss. 19(3)](https://www.legislation.gov.uk/ukpga/2000/29/section/19/3), [42(2)](https://www.legislation.gov.uk/ukpga/2000/29/section/42/2); [S.I. 2001/49](https://www.legislation.gov.uk/uksi/2001/49), [art. 2](https://www.legislation.gov.uk/uksi/2001/49/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.7.2002) by [Trustee Act (Northern Ireland) 2001 (c. 14)](https://www.legislation.gov.uk/nia/2001/14), [ss. 19(3)](https://www.legislation.gov.uk/nia/2001/14/section/19/3), [45(1)](https://www.legislation.gov.uk/nia/2001/14/section/45/1); [S.R. 2002/253](https://www.legislation.gov.uk/nisr/2002/253), [art. 2](https://www.legislation.gov.uk/nisr/2002/253/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5AA para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/4/3) (as inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3))
[^c23819241]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/14/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23819251]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied and extended (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 69](https://www.legislation.gov.uk/ukpga/2003/1/section/69), [719](https://www.legislation.gov.uk/ukpga/2003/1/section/719) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23819261]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 65(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/65/3)
[^c23819271]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(6)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/6), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c21631261]: Source—1970 s.534
[^c23819301]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 73AB(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/73AB/4) (as inserted (with effect in accordance with [s. 155(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/155/4) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 155(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/155/3))
[^c23819311]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1316(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/1316/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23819281]: Words in [s. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 224](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/224) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819441]: [S. 841](https://www.legislation.gov.uk/ukpga/1988/1/section/841) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/2)
[^c21631371]: Source—1970 s.359; 1973 s.54; 1979(C) Sch.7.
[^c21631381]: 1988(F) s.117(1)(a)*for accounting periods ending after* 5*th April* 1988.
[^c21631391]: 1988(F) s.117(1)(b)*for accounting periods ending after* 5*th April* 1988.*Previously* “that the shares or securities of the company are quoted on the Stock Exchange and”.
[^c21631401]: 1988(F) s.117(1)(c)*for accounting periods ending after* 5*th April* 1988.
[^c21631411]: 1990 s.55*in relation to accounting periods ending on or after* 26*July* 1990.
[^c21631421]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(55)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/55) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22806941]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c22806991]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/3)
[^c22807021]: [S. 842(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1A/a) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 2 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/2/paragraph/12/2)
[^c22807031]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/a)
[^c22807051]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/b)
[^c22807071]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/a)
[^c22807091]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/b)
[^c22807111]: [S. 842(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AB) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/4)
[^c22807141]: Words in [s. 842(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3/c) repealed (with effect in accordance with Sch. 9 paras. 7, 8 of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2), Note
[^c22807131]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) added (with effect in accordance with Sch. 9 paras. 7, 8(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^c23819461]: [S. 842(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AC) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/4)
[^c23819481]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819501]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819521]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/c), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819541]: Words in [s. 842(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 228](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/228) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819581]: Words in [s. 842(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/c) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/9)
[^c23819561]: [S. 842(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3A) inserted (with effect in accordance with [s. 57(7)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/3)
[^c21631491]: [S. 842A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/a) substituted (1.4.1993) by [Local Government Finance Act 1992 (c. 14)](https://www.legislation.gov.uk/ukpga/1992/14), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1992/14/section/117/1), [Sch. 13 para. 57](https://www.legislation.gov.uk/ukpga/1992/14/schedule/13/paragraph/57) (with [s. 118(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1992/14/section/118/1/2/4)); [S.I. 1992/2454](https://www.legislation.gov.uk/uksi/1992/2454), [art. 3(1)(a)](https://www.legislation.gov.uk/uksi/1992/2454/article/3/1/a)
[^c21631501]: [1988 c. 41](https://www.legislation.gov.uk/ukpga/1988/41).
[^c21631531]: [1973 c. 65](https://www.legislation.gov.uk/ukpga/1973/65).
[^c22807361]: [S. 842A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/h) inserted (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 144](https://www.legislation.gov.uk/ukpga/1995/4/section/144)
[^c22807381]: [1992 c. 19](https://www.legislation.gov.uk/ukpga/1992/19).
[^c22807391]: [S. 842A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/e) repealed (1.4.1995) by [Police and Magistrates' Courts Act 1994 (c. 29)](https://www.legislation.gov.uk/ukpga/1994/29), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1994/29/section/94/1), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/29/schedule/9/part/1); [S.I. 1994/3262](https://www.legislation.gov.uk/uksi/1994/3262), [art. 4](https://www.legislation.gov.uk/uksi/1994/3262/article/4), [Sch.](https://www.legislation.gov.uk/uksi/1994/3262/schedule)
[^c22807401]: [S. 842A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/a) substituted (1.4.1996) for s. 842A(3)(a)-(c) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(a)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/a); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807421]: Words in [s. 842A(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/e) substituted (1.4.1996) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(b)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/b); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807441]: Words in [s. 842A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(a)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/a); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807461]: Words in [s. 842A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/b) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(b)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/b); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807481]: Words in [s. 842A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/c) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(c)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/c); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807501]: Words in [s. 842A(1)(a)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a/b/c) repealed (1.4.2002) by [Criminal Justice and Police Act 2001 (c. 16)](https://www.legislation.gov.uk/ukpga/2001/16), [s. 138(2)](https://www.legislation.gov.uk/ukpga/2001/16/section/138/2), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2001/16/schedule/6/paragraph/71), [Sch. 7 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2001/16/schedule/7/part/5/1); [S.I. 2002/344](https://www.legislation.gov.uk/uksi/2002/344), [art. 3(k)(m)](https://www.legislation.gov.uk/uksi/2002/344/article/3/k/m)
[^c23819681]: [S. 842A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/f) substituted (E.W.) (1.10.2004 for E. and 10.11.2004 for W.) by [Fire and Rescue Services Act 2004 (c. 21)](https://www.legislation.gov.uk/ukpga/2004/21), [s. 61](https://www.legislation.gov.uk/ukpga/2004/21/section/61), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2004/21/schedule/1/paragraph/64); [S.I. 2004/2304](https://www.legislation.gov.uk/uksi/2004/2304), [art. 2](https://www.legislation.gov.uk/uksi/2004/2304/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2304/article/3)); [S.I. 2004/2917](https://www.legislation.gov.uk/uksi/2004/2917), [art. 2](https://www.legislation.gov.uk/uksi/2004/2917/article/2)
[^c23819701]: Words in [s. 842A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 230](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/230) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806801]: [S. 840A(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/c) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/2)
[^c22806851]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c22806861]: [S.I. 1985/1205 (N.I. 12)](https://www.legislation.gov.uk/nisi/1985/1205).
[^c22806821]: [S. 840A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/3)
[^c22806871]: [S. 840A(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/ii) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/2)
[^c22806891]: [1974 c. 46](https://www.legislation.gov.uk/ukpga/1974/46).
[^c22806901]: [1992 c. 40](https://www.legislation.gov.uk/ukpga/1992/40).
[^c23819321]: Words in [s. 840A(1)(b)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/iv) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/36) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23819341]: Words in [s. 840A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 226(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/226/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819361]: [S. 840A(1)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/ca) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 226(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/226/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805651]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22805661]: [S. 837A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/5) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23818481]: Words in [s. 837A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818501]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818521]: [S. 837A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2A/2B) substituted for s. 837A(3)(4) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805601]: [1998 c. 17](https://www.legislation.gov.uk/ukpga/1998/17).
[^c23818541]: Words in [s. 837B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/837B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/220) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22807511]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23819791]: Words in [s. 842B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819811]: [S. 842B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/1/a) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819831]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818561]: Words in [s. 837C(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837C/1/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/221) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21631581]: Source—1970 Sch.2
[^c21631591]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21631621]: Source—1970 Sch.5 1; 1971 Sch.6 80
[^c21631631]: *See* s.656 *ante—purchased life annuities.*
[^c22720871]: Word in [Sch. 3 para. 1(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/1/c) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/a)
[^c21631641]: Source—1970 Sch.5 2-5
[^c21631651]: [1870 c. 71](https://www.legislation.gov.uk/ukpga/1870/71).
[^c21631661]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631671]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631721]: Source—1970 Sch.5 6(a)(b)
[^c21631731]: [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6/2) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631851]: [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/7) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631881]: [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/8) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631901]: [Sch. 3 para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/9) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631921]: [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/10) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631941]: Source—1970 Sch.5 11-13.
[^c21631951]: Words in [Sch. 3 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/11) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631961]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(5)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/a), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631971]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(5)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/b), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631981]: Source—1970 Sch.5 6(c), 14
[^c21631691]: [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21631751]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631761]: Words in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/1), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631771]: [Sch. 3 para. 6A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/2A) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/2), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631781]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/3), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21853201]: Word in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/i)
[^c21853221]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) ceases to have effect (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/ii)
[^c21631791]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631801]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631811]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631821]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21853541]: [Sch. 3 para. 6E(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6E/1/3) repealed (with effect in accordance with [s. 103(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/103/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/11), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21631831]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631991]: [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21632011]: Source—1970 Sch.12 Pt.III 6; 1987 Sch.15 2(23)
[^c21632021]: [Sch. 3 para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/15/2) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21846671]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846691]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846701]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846721]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847081]: [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/19/2)
[^c21846741]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846751]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846771]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846781]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846801]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846821]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846841]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632641]: 1989 s. 93*and* Sch. 10 para. 5.
[^c21846851]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846891]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846911]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846931]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632731]: 1989 s.93*and* Sch.10 para.7.
[^c21846951]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846971]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846991]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847011]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847031]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847051]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632821]: 1990 s.56*and* Sch.10 paras.26(3), 29(4)*on and after* 9*June* 1989.
[^c21847071]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632651]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 4 paras.3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/5)
[^c21632661]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c21846871]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632831]: Source—1970 Sch.6; 1973 s.35; 1984 s.48(6)-(9)
[^c21853311]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389811]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389831]: Word in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827391]: Words in [Sch. 5 para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/1)
[^c21827411]: [Sch. 5 para. 2(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/4/a) substituted for para. 2(4)(a)(b) (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/2)
[^c21827431]: [Sch. 5 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/5/6) inserted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/3)
[^c21861361]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23389851]: Words in [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389871]: [Sch. 5 para. 2(3)(a)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3/a/4/a/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389911]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definitions of "commencement year" and "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853331]: Words in [Sch. 5 para. 3(1)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1/4/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389941]: Words in [Sch. 5 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389961]: Words in [Sch. 5 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389981]: Words in [Sch. 5 para. 3(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/9/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390001]: Words in [Sch. 5 para. 3(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390021]: Words in [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(5)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/5/a/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853351]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390041]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827451]: [Sch. 5 para. 6(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/4)
[^c21861381]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23390061]: Word in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390081]: Words in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390101]: [Sch. 5 para. 6(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2/a/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390131]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853361]: Words in [Sch. 5 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853381]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390151]: Words in [Sch. 5 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390261]: Word in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390221]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21858781]: Words in [Sch. 5 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/9/4) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 76(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/76/2/3)
[^c23390311]: Words in [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/11) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21633101]: [Sch. 6 Pt. I](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/part/I) substituted (27.7.1993 with effect for the year 1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 70(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/70/1/2)
[^c21632971]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21632981]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777951]: Words in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/6) substituted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/3)
[^c21632991]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633001]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633011]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633021]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633031]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21873101]: [Sch. 6 para. 9(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/9/c) restricted (6.4.1994 with effect in accordance with reg. 4(2) of the 1994 affecting S.R.) by [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 10(6)(a)](https://www.legislation.gov.uk/ukpga/1992/7/section/10/6/a) (as substituted by [The Social Security (Contributions) (Miscellaneous Amendments) Regulations (Northern Ireland) 1994 (S.R. 1994/94)](https://www.legislation.gov.uk/nisr/1994/94), [reg. 4(1)](https://www.legislation.gov.uk/nisr/1994/94/regulation/4/1))
[^c21633041]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633051]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777971]: Words in [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/10) inserted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/4)
[^c22777921]: [1988 c. 52](https://www.legislation.gov.uk/ukpga/1988/52).
[^c22777931]: [S.I. 1981/154 (N.I. 1)](https://www.legislation.gov.uk/nisi/1981/154).
[^c21633471]: Source—1976 Sch.8 1(1)
[^c21633481]: Source—1976 Sch.8 2
[^c21633491]: Source—1976 Sch.8 3
[^c21633501]: Source—1976 Sch.8 1(2)
[^c21873541]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) substituted (with effect in accordance with [s. 88(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a)
[^c21873531]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with [s. 88(5)(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/5/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22194401]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/41), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c21633511]: Source—1976 Sch.8 4
[^c21633531]: Source—1976 Sch.8 5, 6, 7
[^c21633541]: Words in [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/1) added (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/1)
[^c21633551]: [Sch. 7 paras. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/2/3) repealed (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21881821]: [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4) renumbered as para. 4(1) (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c21881841]: [Sch. 7 para. 4(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4/2) inserted (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c22172431]: Words in [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/a) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/a)
[^c22172451]: Words in [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/b) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/b)
[^c22172471]: [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/2) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3)
[^c21633581]: [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/6) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21633591]: Source—1976 Sch.8 9, 10, 11
[^c21633611]: Source—1976 Sch.8 12-14; 1983 (No.2) s.4
[^c21633621]: Words in [Sch. 7 para. 10(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/10/1/2) repealed (27.7.1993 with effect as mentioned in [s. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/1)
[^c21633641]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873561]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633661]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633671]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633681]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/4), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633691]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by Finance Act [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), SIF 63:1), s. 27(6), Sch. 6 para.5
[^c21633701]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873571]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633751]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633761]: Words in [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/19/1) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21633771]: Words in definition of “excess liability” in Sch. 7 para. 19(1) substituted (with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21873581]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22777991]: Words in [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/1) repealed (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/2), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c22778051]: Words in [Sch. 8 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/2) substituted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/2)
[^c22778011]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/3)
[^c22778091]: Word in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) repealed (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5), Note 6
[^c22778071]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3)
[^c22778031]: [Sch. 8 para. 7(4)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/4) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/4)
[^c22778111]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 5 para. 16(6)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/16/6)
[^c22778121]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 35(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/35/4)
[^c22778131]: [Sch. 8 para. 8(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/8/a) repealed (with effect in accordance with s. 137(6) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/1), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21633901]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(2)(a)*and* 17 Part IV.
[^c21633911]: 1989 s.61*and* Sch.4 para.10(2)(b)(i).
[^c21633921]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(1), (2)(a)*and* 17 Part IV.
[^c21633941]: 1989 s.61*and* Sch.4 para.10(2)(b)(ii).*Previously* “the base year referred to in sub-paragraph (3) above”.
[^c21633951]: 1989 s.61*and* Sch.4 para.10(2)(b)(iii).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit”.
[^c21633961]: 1989 s.61*and* Sch.4 para.10(2)(b)(iv).*Previously* “(6) The references in this paragraph to the standard pay of the employment unit are references to the amount which the scheme employer, at the time when he applies for registration of the scheme, reasonably estimates will be the annual equivalent of the pay, at the beginning of the profit period or first profit period, of the employees to whom the scheme will then relate; and for this purpose an estimate shall (in the absence of evidence to the contrary) be taken to be a reasonable one if it is based on the most recent information available to the employer as to the monthly or annual pay of the relevant employees.”.
[^c21633971]: 1989 s.61*and* Sch.4 para.11.
[^c21633981]: *Repealed by* 1989 ss.61*and* 187, Schs.4 para.10(1)*and* 17 Part IV.
[^c21633991]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634001]: 1989 s.61*and* Sch.4 para.10(2)(c).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit.”.
[^c21634011]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634021]: 1989 s.61*and* Sch.4 para.13.
[^c21634031]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634041]: 1989 s.61*and* Sch.4 para.14(2).
[^c21634051]: 1989 s.61*and* Sch.4 para.14(3).*Previously* “(f) profit-related pay payable under the scheme;”.
[^c21634061]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634071]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21882051]: [Sch. 8 para. 19(6)(g)-(k)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/g) repealed (with effect in accordance with s. 136(5)-(11) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/2), [Sch. 29 Pt. 8(19)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/19), Note
[^c21882091]: [Sch. 8 para. 19(6)(l)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/l) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/3)
[^c21882111]: [Sch. 8 para. 19(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6A) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/4)
[^c22778141]: Words in [Sch. 8 para. 19(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/5/b) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/a)
[^c22778161]: [Sch. 8 para. 19(6)(fg)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/fg) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/b)
[^c21634081]: 1989 s.61*and* Sch.4 para.15.
[^c21634401]: Source—1980 Sch.10 5(b)
[^c21634411]: Source—1980 Sch.10 24
[^c21634421]: Source—1980 Sch.10 6
[^c21634431]: Source—1980 Sch.10 7
[^c21634461]: Source—1980 Sch.10 8; 1986 s.23(3)
[^c21634481]: Words in [Sch. 9 para. 19(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c22194801]: Words in [Sch. 9 para. 19(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/a)
[^c21634501]: Source—1980 Sch.10 9
[^c21634511]: Words in [Sch. 9 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/20) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c21634521]: Source—1980 Sch.10 10; 1986 s.25(4), (8), (9)
[^c21634531]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21634541]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c22172601]: Word in [Sch. 9 para. 21(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 2
[^c22172611]: [Sch. 9 para. 21(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1/f) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1)
[^c22172631]: [Sch. 9 para. 21(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/2)
[^c21634551]: Source—1980 Sch.10 11
[^c21634561]: Source—1980 Sch.10 12; 1986 s.25(5)
[^c21634641]: Source—1980 Sch.10 13(1)
[^c21634651]: Source—1980 Sch.10 13(2), (3); 1984 s.39(5)
[^c21634661]: Figure in Sch. 9 para. 24(2)(a) substituted (01.09.1991) by virtue of [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/40/1); [S.I. 1991/1741](https://www.legislation.gov.uk/uksi/1991/1741), [art.2](https://www.legislation.gov.uk/uksi/1991/1741/article/2).
[^c21634671]: Source—1980 Sch.10 14
[^c21634681]: 1989 s.62(3).*Previously* “90 per cent.”.
[^c21634691]: Source—1980 Sch.10 20; 1984 s.39(6); 1986 s.25(7)
[^c21634701]: Source—1980 Sch.10 21; 1986 s.25(6)
[^c21884141]: Words in [Sch. 9 para. 26(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/1/a) substituted (with effect in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/2)
[^c22172651]: Words in [Sch. 9 para. 26(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/3) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/3)
[^c21634711]: Source—1984 Sch.10 4(1)(a), (2)
[^c21634721]: Source—1984 Sch.10, 12
[^c21634731]: Source—1984 Sch. 10 15(1)
[^c21884161]: Words in [Sch. 9 para. 27(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/27/4) repealed (with effect in accordance with s. 137(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/3), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21634741]: Source—1984 Sch. 10 5
[^c22172671]: Words in [Sch. 9 para. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/a)
[^c22180711]: [Sch. 9 para. 28(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/2/4) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/b), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22181421]: [Sch. 9 para. 28(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/3) applied (with effect in accordance with Sch. 16 para. 1 of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/2/2)
[^c21634761]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) substituted (1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 39(1)(7)](https://www.legislation.gov.uk/ukpga/1991/31/section/39/1/7)
[^c22180741]: [Sch. 9 para. 29(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/1) substituted for para. 29(1)-(6) (with effect in accordance with [s. 114(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/3)
[^c22194581]: [Sch. 9 para. 29(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/8) repealed (with effect in accordance with s. 114(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22210601]: Words in [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21635981]: Source—1977 Sch.7 4(1), (2), (5)
[^c21635991]: 1989 s.42(5)*for* 1989-90*and subsequent years of assessment. Previously* “emoluments from the relevant employment in respect of which such a deduction is allowed for the year of assessment”.
[^c22194411]: Words in [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 42](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/42), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22210611]: Words in [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21636021]: Source—1977 Sch.7 1(2), (3), (4)
[^c22210621]: Words in [Sch. 12 para. 3(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/1/3) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210671]: Words in [Sch. 12 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/a) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/i)
[^c22210681]: Words in [Sch. 12 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/ii)
[^c22217711]: [Sch. 12 para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2A) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21636061]: Source—1977 Sch.7 6-8
[^c21636071]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22210651]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210701]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/i)
[^c22210721]: Words in [Sch. 12 para. 5(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5/a/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/ii)
[^c22210661]: Words in [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/6) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22217791]: [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/7) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21635961]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c21635971]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c22210591]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22245981]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 15](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/15)
[^c21636121]: *See* s.250—*returns in connection with stock dividends.*
[^c21892291]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21868081]: [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/2)
[^c21868101]: [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/3)
[^c22733991]: [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/b) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734011]: Words in [Sch. 13 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/c) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22733971]: Words in [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/c), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734031]: Words in [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734071]: [Sch. 13 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4/b) and preceding word repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21636141]: *For rates of corporation tax see* Tables K*and* L*in* Vol.1.
[^c21868121]: [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/4)
[^c21868141]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/5)
[^c21892311]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21890981]: Words in [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2) renumbered as para. 2(2)(a) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c21891001]: [Sch. 13 para. 2(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2/b/c) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c22734211]: Words in [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 6 para. 16(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/13) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/i)
[^c22734231]: [Sch. 13 para. 2(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1/d) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734251]: Words in [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/2)
[^c22734271]: [Sch. 13 para. 2(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4A) inserted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/3)
[^c22734301]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868161]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/a)
[^c21868181]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/b)
[^c21892321]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891021]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/a)
[^c21891041]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/b)
[^c22734321]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734341]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/b), [Sch 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868221]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/8)
[^c22734381]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734401]: [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/3) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/4)
[^c21891121]: Words in [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/5) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/5)
[^c21868301]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(11)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/11)
[^c21891161]: [Sch. 13 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/2)
[^c21891181]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/3)
[^c21891201]: [Sch. 13 para. 7(3A)(4)(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3A/4/4A/4B) substituted for para. 7(4) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/4)
[^c22734461]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para 16(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/10), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892331]: [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891241]: Words in [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/9)
[^c21892341]: [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636151]: 1989 s.149(3)(c)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 39”.
[^c22778541]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22778551]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734421]: [Sch. 14 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/4A) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/8), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734441]: [Sch. 13 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/6A) repealed (with effect in accordance with Sch. 6 para 16(13) of the repealing Act) by [Finance Act (No. 2) 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/9), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734521]: [Sch 13 para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/9A) repealed (with effect in accordance with Sch. 6 para. 16(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/11), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892361]: [Sch. 13 para. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7A) applied (with modifications) (1.7.1997 with effect in accordance with reg. 6(2) of the amending instrument the appointed day being 1.7.1997 ([S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173) art. 2)) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636161]: Source—1976 Sch.4 8, 9, 10
[^c23403061]: Words in [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/a)
[^c23403041]: [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/b)
[^c23403171]: Words in [Sch. 14 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21636791]: Source—1970 s.337(1)(b); 1985 s.41(7)(a)
[^c21636951]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343)(N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is a member of a recognised body.*
[^c22783731]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) restricted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(1)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/1/9) (with [s. 55(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2/3)) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1))
[^c21637061]: Source—1975 Sch.2 1; 1987 Sch.15 7
[^c21637071]: Source—1970 Sch.1 11(1); 1975 Sch.2 2(1); 1976 s.33(1); 1978 Sch.3 13(1)(a), (b)
[^c21637081]: Source—1970 Sch.1 11(2); 1975 Sch.2 2(2); 1976 s.33(2); 1978 Sch.3 13(1)(b)
[^c21637091]: Source—1970 Sch.1 11(3)
[^c23820761]: [Sch. 15 para. 22(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22/3/c) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(3)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/3/4/6)
[^c23821161]: Words in [Sch. 15 para. 25(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637181]: [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/2/2/a) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1)
[^c22737481]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(a)
[^c22737521]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(b)
[^c22737621]: Words in [Sch. 16 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/1) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/a), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c22737641]: [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/3) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/b), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c21637211]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/4/1/2)
[^c22737541]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(1)(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/1/7) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21637221]: *See* s.341—*payments of interest between related companies.*
[^c22737701]: Words in [Sch. 16 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/6/5) substituted (S.) (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp17), s. 64(2), sch. 3 para. 19
[^c22737581]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/13)
[^c22737661]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/a)
[^c22737681]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/b)
[^c21637231]: 1989 s.149(3)(d)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 37”.
[^c21637241]: Source—1987 (No.2) Sch.4
[^c22742631]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637391]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to (9)” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637401]: 1989 s.101(2)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities;”.
[^c22744671]: [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5) applied (with modifications) (1.5.1995) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4))
[^c21637411]: 1989 s.101(3)*from* 27*July* 1989;*from* 14*March* *for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(a) which does not carry any right either to conversion into shares or securities of any other description or to the acquisition of additional shares or securities;”.
[^c21637421]: 1989 s.101(4)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.
[^c21637431]: [Sch. 18 para. 1(5E)-(5I)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E) inserted (1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 77(1)-(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/77/1)
[^c21637471]: *See* s.291(6)—para.1*applied for purposes of business expansion scheme.*
[^c22746131]: Word in [Sch. 18 para 1(5C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5C/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(k)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/k)
[^c22750151]: Words in [Sch. 18 para. 1(3)(d)(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/3/d/5/c) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/2) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750181]: Words in [Sch. 18 para. 1(5E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/a) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/a)
[^c22750201]: Words in [Sch. 18 para. 1(5E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/b) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) (by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/b)
[^c22750221]: Words in [Sch. 18 para 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/68/2) of the amending Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 6](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/6)
[^c22751751]: Words in [Sch. 18 para. 1(6)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/i/ii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751781]: Words in [Sch. 18 para. 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22742651]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637481]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750241]: [Sch. 18 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1A) inserted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/3) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22742661]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637491]: *See* 1990 s.32(13)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637501]: *See* s.291(6)—para.3*applied for purposes of business expansion scheme.*
[^c22742671]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637511]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637521]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750261]: [Sch. 18 para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/5) inserted (with effect in accordance with [Sch. 27 para 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/4) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637531]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742771]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637601]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750681]: Words in [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/6) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637621]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22742781]: Words in [Sch. 18 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/b)
[^c21637631]: *See* 1990 s.32(12)(d). Para 7(1)(b)*omitted where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c23821911]: Words in [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/3)
[^c23821931]: [Sch. 18 para. 7(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1A) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/4)
[^c21637281]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (E.W.S) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 35(5)](https://www.legislation.gov.uk/uksi/1992/58/article/35/5) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/8), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 228(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21637291]: Source—1973 Sch. 12 Pt. I; 1973 s. 32(6); 1987 Sch. 15 5
[^c21637301]: *See*—s.240(13)—*application of* Sch.18*for purposes of* s.240—*set-off of surplus ACT.*[s.247(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/9A)—*application of* Sch.18*for purposes of.*[s.247(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/8A), (9)(c)—*dividends etc. paid by one member of a group to another.*[s.769(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6C)—*application of* Sch.18*for purposes of.*[s.769(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6B)—*rules for ascertaining change in ownership of company.*1990 s.32(12)—*application of* Sch.18*for relief for disposal of shares to employee share ownership trusts.*
[^c21637541]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742691]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22743281]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/2)
[^c22742841]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22744711]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(2)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/2)
[^c22744731]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/2)
[^c22746171]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21637551]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c23821851]: Words in [Sch. 18 para. 5B(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821871]: [Sch. 18 para. 5B(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21637561]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742711]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637571]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742731]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637581]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742751]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22750941]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied by [Finance Act 1930 (c. 28)](https://www.legislation.gov.uk/ukpga/1930/28), [s. 42(5)](https://www.legislation.gov.uk/ukpga/1930/28/section/42/5) (as added (with effect in accordance with s. 123(7) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 123(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/123/6))
[^c22750971]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 98(2) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 28 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/28/paragraph/5/4)
[^c22752471]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 7AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8/2) (as inserted (with application in accordance with s. 44(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1))
[^c22752491]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 53](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/53)
[^c23821811]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 31 of the affecting Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 3 para. 10(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/10/5)
[^c23821821]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 15(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/15/5/6)
[^c23821831]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23821841]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 772](https://www.legislation.gov.uk/ukpga/2009/4/section/772) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23821891]: Words in [Sch. 18 para. 5F(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5F/1/b) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/2)
[^c21637641]: Source—1972 Sch. 16 8(1); 1980 Sch. 9 1
[^c21637651]: *See*—1976(D) s.34 and Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.1988 s.127—*enterprise allowance.*
[^c21637661]: Source—1972 Sch. 16 8(2)
[^c21637671]: Source—1972 Sch.16 8(3)-(5); 1978 Sch.5 1
[^c21637681]: Source—1972 Sch.16 9(1)
[^c21637691]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637701]: Source—1972 Sch.16 9(2); 1980 Sch.9 2
[^c21637721]: Source—1972 Sch.16 9(3); 1978 s.35(1)]
[^c21637731]: Source—1972 Sch.16 9(4); 1978 s.35(2)]
[^c21637741]: Source—1972 Sch.16 9(5), (6)
[^c21637751]: Source—1972 Sch.16 10(1); 1975 (No.2) Sch.8 4
[^c21637761]: Source—1982 s.56(1)
[^c21637771]: Source—1972 Sch.16 10(1)
[^c21637781]: Source—1972 Sch.16 10A; 1973 Sch.9 3
[^c21637791]: Source—1972 Sch.16 10(2); 1980 Sch.9 3
[^c21637801]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637811]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637821]: Source—1972 Sch.16 10(3); 1978 s.35(3); 1980 s.44(2)
[^c21637831]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637841]: Source—1972 Sch.16 10(4), (4A); 1980 Sch.9 4
[^c21637851]: Source—1972 Sch.16 10(5); 1980 Sch.9 5
[^c21637861]: Source—1972 Sch.16 10(6)
[^c21637871]: Source—1972 Sch.16 10(7)
[^c21637881]: Source—[1972 Sch.16 10(8)(a)]
[^c21637891]: Source—[1972 Sch.16 10(8)(b), (c); 1985 Sch.25 9]
[^c21637901]: Source—[1972 Sch.16 10(9); 1980 Sch.9 6; 1987 Sch.15 4]
[^c21637911]: Source—[1972 Sch.16 11]
[^c21637921]: *See* 1974 s.44(4)*and* Sch.7 para.4(2)—*development gains.*
[^c21637931]: *See*—s.623(2)—*definition of “investment income” applied for purposes of retirement annuities.*[s.745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4)—*definition of “trading company” applied for purpose of* Ch.III Part XVIII (*transfer of assets abroad*).
[^c21637941]: Source—[1972 Sch.16 12(1); 1973 Sch.9 4(2), (4)]
[^c21637951]: Source—[1972 Sch.16 12(2)]
[^c21637961]: Source—[1972 Sch.16 12(2A); 1973 Sch.9 4(3)]
[^c21637971]: Source—[1972 Sch.16 12(2B); 1982 s.56(2)]
[^c21637981]: Source—[1972 Sch.16 12(3)]
[^c21637991]: Source—[1972 Sch.16 12A; 1978 Sch.5 2]
[^c21638001]: Source—[1972 Sch.16 13(1); 1980 Sch.9 7]
[^c21638011]: *See* 1976(D) s.34*and* Sch.6 para.9(8)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21638021]: Source—[1972 Sch.16 13(2)]
[^c21638031]: Source—[1972 Sch.16 13(3)]
[^c21638041]: [Sch.7 para.36(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/8) Copyright, Designs and Patents Act 1988*from* 1*August* 1989—*commencement order* S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816) (*not reproduced*).*Previously* “*tangible property or of copyright in a literary, dramatic, musical or artistic work within the meaning of the Copyright Act* 1956 (*or any corresponding right under the law of a country to which that Act does not extend*)”.
[^c21638051]: Source—[1956 c. 74](https://www.legislation.gov.uk/ukpga/1956/74).
[^c21638061]: [1956 c.74](https://www.legislation.gov.uk/ukpga/1956/74)
[^c21638071]: Source—[1972 Sch.16 13(4), (5)]
[^c21638081]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21638091]: Source—[1972 Sch.16 14; 1975 (No.2) Sch.8 3(3)]
[^c21638101]: Source—[1975 (No.2) Sch.8 3(4).]
[^c21638111]: *Repealed by* 1989 s.187*and* Sch.17 Part V*but* Part I*continues to have effect where the subsequent distribution referred to in* 1988 s.427(4)*is made before* 1*April* 1992.
[^c21638121]: Source—[1972 Sch.16 15-20; 1976 s.44(3); 1987 (No.2) s.61(5), (6)]
[^c21638131]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c21638141]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c22765661]: Words in [Sch. 19AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/1/2) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 33](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/33)
[^c21638161]: See 1990 s. 42 and Sch.7 para.10(2) regarding treatment of assets in relation to the first period of account of an insurance company
[^c22754751]: Words in [Sch. 19AA para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/c) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 3](https://www.legislation.gov.uk/uksi/1994/3278/article/3)
[^c22768981]: Words in [Sch. 19AA para. 2(1)(b)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/1/b/2/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/i)
[^c22769061]: Words in [Sch. 19AA para. 2(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/d) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/i)
[^c22769081]: Words in [Sch. 19AA para. 3(1)(a)(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/3/1/a/2/a/3/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/ii)
[^c22754771]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(1)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/1)
[^c22754811]: [Sch. 19AA para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/3/4) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/3)
[^c22768791]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1): definition of "B" substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(2)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/2)
[^c22768811]: [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/3)
[^c22768831]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/4)
[^c22768851]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22769111]: Words in [Sch. 19AA para 4(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1/2/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/iii)
[^c22769141]: Words in [Sch. 19AA para 4(2)(a)(b)(4)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2/a/b/4/b/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/ii)
[^c23822381]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/2)
[^c23822401]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/3)
[^c23822451]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5): definition of "free assets amount" omitted (9.6.2006 with effect in accordance with art. 1(2)(3) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [4](https://www.legislation.gov.uk/uksi/2006/1358/article/4)
[^c23822471]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/2)
[^c23822491]: [Sch. 19AA para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/3)
[^c23822511]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(4)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/4/a)
[^c23822531]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(4)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/4/b)
[^c23822551]: [Sch. 19AA para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(5)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/5)
[^c22754831]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 5(a)](https://www.legislation.gov.uk/uksi/1994/3278/article/5/a)
[^c22765681]: Words in [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/8)
[^c22767831]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31)
[^c22769591]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [19](https://www.legislation.gov.uk/uksi/1998/1871/regulation/19)
[^c22768861]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/a)
[^c22768881]: [Sch. 19AA para. 5(5)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted for para. 5(5)(c)-(g) (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/b)
[^c22768901]: [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/3)
[^c22768921]: [Sch. 19AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/7) omitted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by virtue of [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/4)
[^c23822221]: Words in [Sch. 19AA para. 5(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23822341]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [25](https://www.legislation.gov.uk/uksi/2005/2014/regulation/25); and that modifying reg. 25 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2007/2134/regulation/23)
[^c23822331]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [17](https://www.legislation.gov.uk/uksi/2004/2680/regulation/17); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23822241]: [Sch. 19AA para. 5(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/2)
[^c23822371]: [S.I. 1995/3237](https://www.legislation.gov.uk/uksi/1995/3237)
[^c23822261]: Words in [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(3)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/3)
[^c21638621]: [Sch. 19A para. 1(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/1/1/3): s. 451(1) (with s. 451(1A) and Sch. 19A para. 1(1)(3)) power exercised by [S.I.1991/851](https://www.legislation.gov.uk/uksi/1991/851).
[^c21638631]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(a)*coming into force* 2*January* 1991 for 1988-89*and subsequent years.*
[^c21638641]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(b)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638661]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(3)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638671]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 4*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638681]: [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) amended for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 5(2)](https://www.legislation.gov.uk/uksi/1991/851/regulation/5/2). [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) modified (28.3.1992 with effect for the year of assessment 1989-1990 only) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1992/511/regulation/1/1), [5(2)](https://www.legislation.gov.uk/uksi/1992/511/regulation/5/2)
[^c21638691]: [Sch. 19A paras. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) inserted by [S.I. 1990/2524](https://www.legislation.gov.uk/uksi/1990/2524)
[^c21638701]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 5*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638711]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638731]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638751]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638761]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638781]: 1989 s.149(6)(4)(a)(iii)—*not to affect assessments before* 1983-84 or*accounting periods before* 1*April* 1983.*Previously* “37, 40 and 41” *and* “fraud, wilful default or neglect”.
[^c21638801]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638811]: *Repealed by* 1989 s.187*and* Sch.17 Part VIII.
[^c21638821]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(5)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638831]: 1988(F) s.58*for* 1988-89*and subsequent years.*
[^c21638841]: Source—[1986 c. 60](https://www.legislation.gov.uk/ukpga/1986/60) Sch. 7 Pts. II—IV.
[^c21638851]: [1961 c. 62](https://www.legislation.gov.uk/ukpga/1961/62).
[^c21638881]: [1960 c. 58](https://www.legislation.gov.uk/ukpga/1960/58).
[^c21638891]: Words in [Sch. 20 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(a)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/a)
[^c21638901]: [1964 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1964/33).
[^c22767671]: Word in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) substituted (with effect in accordance with [Sch. 38 para. 6(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(l)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/l)
[^c23824111]: Words in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/10), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^c22769511]: Words in [Sch. 20 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/6) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 50](https://www.legislation.gov.uk/uksi/2001/3629/article/50)
[^c22767681]: Words in [Sch. 20 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/1) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5))
[^c22767701]: [Sch. 20 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/3) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/3)
[^c23824001]: Words in [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824021]: Words in [Sch. 20 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/9/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21638921]: [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.9.1992) by [Charities Act 1992 (c. 41)](https://www.legislation.gov.uk/ukpga/1992/41), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1992/41/section/78/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/1992/41/schedule/6/paragraph/17); [S.I. 1992/1900](https://www.legislation.gov.uk/uksi/1992/1900), [art. 2(1)](https://www.legislation.gov.uk/uksi/1992/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/1992/1900/schedule/1)
[^c21638931]: Words in [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(b)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/b)
[^c22767731]: [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) renumbered as para. 10(1) (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c22767721]: Words in [Sch. 20 para 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5)
[^c22767751]: [Sch. 20 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/2) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c23824051]: Words in [Sch. 20 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824081]: Words in [Sch. 20 para. 10(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/1/d) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21638961]: Words in [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/12/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(59)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/59) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23823961]: [Sch. 20 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/part/3) (paras. 11-14) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/3), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23823981]: Words in [Sch. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20) heading substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639001]: *For regulations see* Part III Vol.5 (*under “Pension scheme surpluses: valuation”*).
[^c21639031]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c21639041]: [Sch. 22 para. 7(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/d) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 271(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/271/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639051]: Words in [Sch. 22 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(60)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/60) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639061]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c23824151]: Words in [Sch. 22 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21639081]: 1988(F) s.56.*Previously* “(2) The Board may by regulations provide that this Schedule, or any provision of it, shall not apply in relation to a scheme or to an employee—(a) in circumstances prescribed in the regulations; (b) in any case where in the opinion of the Board the facts are such that it would be appropriate for this Schedule, or the provision in question, not to apply.” *For regulations see* Part III Vol.5*under “Retirement Benefit Schemes: transitional provisions”*.
[^c21639091]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied and when* para.2*modified.*
[^c21639101]: *For regulations see* Part III Vol.5 (*under “Retirement benefit schemes: maximum lump sum”*).
[^c21639111]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639121]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639131]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639141]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639161]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639171]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639181]: *Repealed by* 1989 ss.75*and* 187*and* Sch.6 paras.17*and* 18(10)*and* Sch.17 Part IV.
[^c23317471]: Words in [Sch. 24 para. 2(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/3A/b/ii) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317691]: Words in [Sch. 24 para. 4(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317711]: [Sch. 24 para. 4(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322061]: Words in [Sch. 25 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/26); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639531]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639541]: 1990 s.67(3)(b)*in relation to dividends paid on or after* 20*March* 1990.
[^c23319631]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/i)
[^c23319591]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(ii)(v)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/ii/v), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319651]: Words in [Sch. 25 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/b) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iii)
[^c23319671]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iv)
[^c23319621]: [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/2) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/b), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319701]: [Sch. 25 para. 2(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/3/3A) substituted for para. 2(3) (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/c)
[^c23319781]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/a)
[^c23319811]: Words in [Sch. 25 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/6) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/b)
[^c23322811]: [Sch. 25 para. 2(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1B) inserted (with application in accordance with [s. 88(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/1)
[^c23323251]: Words in [Sch. 25 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A) added (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/2)
[^c23827161]: Words in [Sch. 25 para. 2(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 56](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/56) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23319741]: [Sch. 25 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/a)
[^c23319761]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/b)
[^c23319991]: [Sch. 25 para. 3(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23320051]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/b), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322241]: Words in [Sch. 25 para. 3(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/28); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639551]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639561]: 1990 s.67(3)(c)*in relation to dividends paid on or after* 20*March* 1990.
[^c23323321]: Words in [Sch. 25 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/4)
[^c23323341]: Words in [Sch. 25 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1A) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/5)
[^c23323361]: Words in [Sch. 25 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/2) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/6)
[^c23319831]: Words in [Sch. 25 para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23319971]: Words in [Sch. 25 para. 2A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/5/c) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/b)
[^c23319951]: [Sch. 25 para. 2A(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/6/7) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/c), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322141]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322161]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322181]: Words in [Sch. 25 para. 2A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322201]: [Sch. 25 para. 2A(8)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/aa) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322221]: Words in [Sch. 25 para. 2A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322481]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322501]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para 30(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322561]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322931]: Words in [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/2)
[^c23322971]: [Sch. 25 para. 6(4A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/c) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/4)
[^c23323041]: [Sch. 25 para. 6(4B)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4B/b/iii) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/6)
[^c23323171]: Word in [Sch. 15 para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/6) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/11)
[^c23826921]: Words in [Sch. 25 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/1/c) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/2)
[^c23322031]: Word in [Sch. 25 para. 13(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/13/2/c) substituted (with effect in accordance with [Sch. 38 para. 6(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(m)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/m)
[^c23319321]: Words in [Sch. 26 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/a) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/46) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23828701]: [Sch. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2572/regulation/4)
[^c21639631]: Source—[1984 Sch.19; 1986 s.50; 1987 (No.2) s.66]
[^c23319121]: [Sch. 27 para. 1(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/2/a/b) substituted (with effect in accordance with [s. 134(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/4)
[^c23828791]: [Sch. 27 para. 1(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/1/d) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/2)
[^c23828351]: Words in [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828811]: [Sch. 27 para. 3(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/a/aa) substituted for para. 3(1)(a) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/3)
[^c23828831]: Words in [Sch. 27 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/b) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/4)
[^c21639641]: 1988(F) s.146*and* Sch.13 para.12 (*deemed always to have had effect*).
[^c21639651]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.6](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/6)
[^c23319161]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)) (and as that para. 3 is substituted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 39](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/39))
[^c23319141]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) substituted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 176(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/176/2)
[^c23317361]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23319181]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 83(3) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 35](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/35) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23319171]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note, Sch. 40 Pt. 3(13) Note of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13)
[^c23828311]: [Sch. 27 para. 5(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/d) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 1(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828331]: [Sch. 27 para. 5(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/e) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 2(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/2/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828751]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 350(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/350/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23828451]: Words in [Sch. 27 para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828471]: Words in [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828491]: Words in [Sch. 27 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/3/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828851]: Words in [Sch. 27 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/c) repealed (with effect in accordance with s. 57(8) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/4), [Sch. 27 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/18), Note
[^c23828511]: Words in [Sch. 27 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/7) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828581]: [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/10) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/4), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828601]: Words in [Sch. 27 para. 11(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/a), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828541]: Words in [Sch. 27 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828371]: Words in [Sch. 27 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828391]: Words in [Sch. 27 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828411]: Words in [Sch. 27 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/c) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828631]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828651]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639661]: [1987 c. 51](https://www.legislation.gov.uk/ukpga/1987/51).
[^c23828561]: Words in [Sch. 27 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/7) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828671]: Words in [Sch. 27 para. 16(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/16/1) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/8), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639671]: Source—[1984 Sch.20.]
[^c21639681]: Words in [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639751]: Words in [Sch. 28 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23327731]: [Sch. 28 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c21639811]: Words in [Sch. 28 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/4/3/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639821]: Words in [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639841]: [Sch. 28 para. 8(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/4/5) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23830671]: [Sch. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2572/regulation/5)
[^c21642521]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642531]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642551]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21642561]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642571]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642591]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IX*from* 3*April* 1989—*commencement order* S.I. [1989 No.473](https://www.legislation.gov.uk/ukcm/1989/473) (*in* Part III Vol.5).
[^c21642631]: *Repealed by* 1988(F) Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642671]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642681]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642771]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642801]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642851]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642921]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642931]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642981]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643011]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643091]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643101]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643141]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21643171]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for accounting periods ending after* 5*April* 1988.
[^c21643201]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643271]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for disposals made on or after* 6*April* 1988.
[^c23835961]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entry relating to 178(1) of the Inheritance Tax Act 1984 repealed (with effect in accordance with Sch. 43 Pt. 4(1) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/4/1)
[^c23836051]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries relating to ss. 12(2), 151, 152 of the [Inheritance Tax Act 1984 (c. 51)](https://www.legislation.gov.uk/ukpga/1984/51) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21799391]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818061]: 1991 s.73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c21818071]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818081]: 1991 s. 73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c23836211]: [Sch. 30 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/6/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836241]: Words in [Sch. 30 para. 5(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836261]: Words in [Sch. 30 para. 5(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/11) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836191]: [Sch. 30 para. 5(13)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/13) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638221]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638241]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638261]: [Sch. 19AB para. 1(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/9) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(2)(h)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/h/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22765701]: Word in [Sch. 19AB para. 1(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/b) (with [s. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2))
[^c22767071]: Words in [Sch. 19AB para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/1) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/2)
[^c22767091]: [Sch. 19AB para. 1(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/3)
[^c22767111]: Word in [Sch. 19AB para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767151]: [Sch. 19AB para. 1(5)(b)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/ii/iii) substituted for Sch. 19AB para. 1(5)(b)(ii) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/4)
[^c22767171]: [Sch. 19AB para. 1(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6/6A) substituted for Sch. 19AB para. 1(6) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/5)
[^c22767191]: [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/6)
[^c22767131]: [Sch. 19AB para. 1(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/8) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/7), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767211]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted for Sch. 19AB para. 1(10) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/8)
[^c22798971]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1) amended (otherwise than as it has effect as mentioned in [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/1) of the amending Act, and with effect in accordance with Sch. 3 para. 10(6)(7), Sch. 8 Pt. 2(6) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 10(1)-(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/10/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22798931]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798951]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1): word preceding para. 1(7)(b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798941]: [Sch. 19AB para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798961]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799091]: Words in [Sch. 19AB para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/4) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799141]: [Sch. 19AB para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799161]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799181]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799591]: Words in [Sch. 19AB para. 1(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/a/b) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/3)
[^c21638271]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638281]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767251]: [Sch. 19AB para. 2(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/2) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/2)
[^c22767271]: [Sch. 19AB para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/3): words in definition of "total entitlement" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/3)
[^c22799201]: Words in [Sch. 19AB para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/c) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638291]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638301]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767291]: [Sch. 19AB para. 3(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1/a/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/2)
[^c22767311]: [Sch. 19AB para. 3(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/3)
[^c22767341]: Words in [Sch. 19AB para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/4)
[^c22767361]: Word in [Sch. 19AB para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/5)
[^c22767381]: [Sch. 19AB para. 3(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/9) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/6)
[^c22798981]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799001]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799021]: [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799011]: [Sch. 19AB para. 3(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799051]: Words in [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799031]: [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799071]: [Sch. 19AB para. 3(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799061]: Words in [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799041]: [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799081]: [Sch. 19AB para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799221]: Words in [Sch. 19AB para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799351]: [Sch. 19AB para. 3(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1ZA) inserted (with effect in accordance with [s. 91(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/1)
[^c22799241]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799331]: [Sch. 19AB para. 3(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C): word at the end of para. (a) inserted (with effect in accordance with [s. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/a); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799341]: [Sch. 19AB para. 3(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C/c) and preceding word repealed (with effect in accordance with s. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/b), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799261]: [Sch. 19AB para. 3(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1D) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799281]: Words in [Sch. 19AB para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799301]: Words in [Sch. 19AB para. 3(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799321]: Words in [Sch. 19AB para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/9) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(12)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/12); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638311]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638321]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638331]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638341]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638351]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638361]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767401]: [Sch. 19AB para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/1): definition of "provisional fraction" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/2)
[^c22767441]: [Sch. 19AB para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/3), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767421]: [Sch. 19AB para. 6(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/4)
[^c22767461]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22799371]: Words in [Sch. 19AB para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4/b) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639211]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890611]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definitions of "approved stock lending arrangement", "market maker", "recognised clearing house", "recognised investment exchange", "unapproved manufactured payment" and "unapproved stock lending arrangement" repealed (with effect in accordance with Sch. 18 Pt. 6(10), Notes 1, 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22890721]: [Sch. 23A para 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891391]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "foreign income dividend" repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22899501]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): in the definition of "overseas securities", para. (b) and preceding word repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c22899511]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "UK securities" repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824821]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "interest manufacturer" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824841]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "manufactured dividend", "manufactured interest" and "manufactured overseas dividend" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824801]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "manufactured interest" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639261]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs. 2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890991]: [Sch. 23A paras 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c22891411]: Words in [Sch. 23A para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23824791]: [Sch. 23A para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 134](https://www.legislation.gov.uk/ukpga/2006/25/section/134), [139(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/2), [Sch. 17 para. 30](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/30) (as that affecting s. 139 is amended by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/1034/1), [Sch. 1 para. 621](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/621), [Sch. 3 Pt.1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/2)) and [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [3](https://www.legislation.gov.uk/uksi/2009/2859/article/3))
[^c22892581]: [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) substituted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/5)
[^c22892621]: [Sch. 23A para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/a) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/6), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901351]: [Sch. 23A para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/4/5) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901361]: [Sch. 23A para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/b) and preceding word repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23824871]: Word in [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825971]: [Sch. 23A para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2/b) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24C(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24C/3) (as inserted (1.1.2009 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [27](https://www.legislation.gov.uk/uksi/2008/3159/regulation/27))
[^c23824891]: Word in [Sch. 23A para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824951]: [Sch. 23A para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/c) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824981]: Words in [Sch. 23A para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824911]: [Sch. 23A para. 2(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/aa) and preceding word inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824931]: Words in [Sch. 23A para. 2(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/7/c) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891011]: [Sch. 23A paras. 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c21639321]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639331]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639341]: [Sch. 23A para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1) applied (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.2](https://www.legislation.gov.uk/uksi/1993/2004/regulation/2)
[^c22887831]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 124](https://www.legislation.gov.uk/ukpga/1994/9/section/124)
[^c22889751]: [Sch. 23A para 4(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3A/3B) inserted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/5)
[^c22889851]: [Sch. 23A para. 4(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889791]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 2
[^c22889831]: [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899521]: [Sch. 23A para. 4(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/8) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824251]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23824601]: [Sch. 23A para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(3)
[^c23824691]: [Sch. 23A para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(5)
[^c23825061]: [Sch. 23A para. 4(2)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825211]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825231]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825251]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825121]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825271]: Words in [Sch. 23A para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(v)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/v) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825311]: Words in [Sch. 23A para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(vi)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/vi) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825141]: [Sch. 23A para. 4(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/5/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825161]: [Sch. 23A para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825181]: [Sch. 23A para. 4(7)(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7/7AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825341]: Word in [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639371]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); 30.6.1992 specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); 21.4.1993 specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b),4)
[^c21639381]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891071]: [Sch. 23A para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5) repealed (with effect in accordance with Sch. 10 para. 16, Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 12](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/12), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639391]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639401]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891091]: [Sch. 23A para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/6) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/a), [Sch 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639411]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639421]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889971]: [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22891111]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4(e) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891191]: [Sch. 23A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3(b) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891231]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(i)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/i), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891251]: [Sch. 23A para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/b) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/ii), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891271]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (with effect in accordance with [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(iii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/iii); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23824711]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(7)
[^c23825421]: Words in [Sch. 23A para. 7(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b/i) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825441]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825461]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825481]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825501]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(v)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/v), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825361]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(vi)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/vi) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825381]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(vii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/vii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825521]: Words in [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825401]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825541]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825561]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825581]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825601]: Words in [Sch. 23A para. 7(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639431]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639441]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889991]: [Sch. 23A para. 8(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/aa) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/7/a)
[^c22890031]: [Sch. 23A para. 8(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/8)
[^c22891291]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891311]: Words in [Sch 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891331]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) inserted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23825731]: Words in [Sch. 23A para. 8(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/a/aa) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825761]: Words in [Sch. 23A para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825651]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825671]: Word in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825691]: Word in [Sch. 23A para. 8(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825781]: Words in [Sch. 23A para. 8(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/b/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825801]: [Sch. 23A para. 8(2)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2/c/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825831]: Words in [Sch. 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825851]: Words in [Sch. 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825871]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825711]: Words in [Sch. 23A para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/3/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/e/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825891]: [Sch. 23A para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/3/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/e/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891351]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/3)
[^c23825001]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891471]: [Sch. 23A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2B) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23825021]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825041]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825631]: [Sch. 23A para. 7A(10)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7A/10): definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825911]: [Sch. 23A para. 7A(10)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7A/10): in definition of "manufactured payment", para. (d) inserted (with effect in accordance with [Sch. 5 para. 9(2)-(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/9/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/9/1)
[^c21633191]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633201]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633211]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633221]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633231]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633241]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633251]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633261]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633271]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633281]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633291]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633301]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633311]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633321]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633331]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633341]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633351]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633361]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633371]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c21633381]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633391]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633401]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633411]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633421]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633431]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633441]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633451]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633461]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21635381]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635391]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635401]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635411]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635421]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635431]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635441]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635451]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635461]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635471]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635481]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635491]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635501]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635511]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635521]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635531]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635541]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635551]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635561]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635571]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635581]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635591]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635601]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635611]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635621]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635631]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635641]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635651]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635661]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635671]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635681]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635691]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635701]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635711]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635721]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635731]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635741]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635751]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635761]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635771]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635781]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635791]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635801]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635811]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635821]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635831]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635841]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635851]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635861]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635871]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635881]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635891]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635901]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635911]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635921]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635931]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635941]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635951]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21638381]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638391]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22768271]: [Sch. 19AC para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638401]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765791]: [Sch. 19AC para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769161]: Words in [Sch. 19AC para. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/i)
[^c21638411]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765811]: [Sch. 19AC para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769181]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/a)
[^c22769201]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/b)
[^c22769221]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/c)
[^c21638431]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769571]: [Sch. 19AC para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [8](https://www.legislation.gov.uk/uksi/1999/498/regulation/8)
[^c23822921]: [Sch. 19AC paras. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5), [5ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5ZA) substituted for para. 5 (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 36(2)
[^c21638441]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765851]: [Sch. 19AC para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/3/4) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/37), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766141]: [Sch. 19AC para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 35(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/35/3)
[^c22776901]: [Sch. 19AC para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769291]: Words in [Sch. 19AC para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/ii)
[^c22769301]: Words in [Sch. 19AC para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/i)
[^c21638451]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766961]: [Sch. 19AC para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 39](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/39)
[^c22768591]: Words in [Sch. 19AC para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(i)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/i)
[^c22768611]: [Sch. 19AC para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/c) repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/ii), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22769311]: Words in [Sch.19AC para. 7(2)(a)(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/2/a/3/a/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/ii)
[^c21638461]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766161]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/a)
[^c22766181]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/b)
[^c22766201]: Words in [Sch. 19AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/3)
[^c22766221]: [Sch. 19AC para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/4)
[^c22765911]: [Sch. 19AC para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638471]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765931]: [Sch. 19AC para. 9(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/2/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768371]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) substituted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/6)
[^c22768751]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) modified by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 21A](https://www.legislation.gov.uk/uksi/1998/1871/regulation/21A) (as inserted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [reg. 5](https://www.legislation.gov.uk/uksi/2000/2075/regulation/5))
[^c22801301]: [Sch. 19AC para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9) modified (31.7.1997) by 1992 (c. xx), s. 65(2)(ab) (as inserted) by Finance Act [1997 No. 2](https://www.legislation.gov.uk/ukcm/1997/2) (c. 58), Sch. 3 para. 15
[^c22768391]: Words in [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/2), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22777081]: [Sch. 19AC para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10) repealed (with effect in accordance with Sch. 3 para. 13(14)(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(8)(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/8/9), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21638491]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766611]: [Sch. 19AC para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/2)
[^c22765981]: [Sch. 19AC para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/2) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 Para. 45(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/3), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766631]: Words in [Sch. 19AC para. 11(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/4)
[^c22777091]: [Sch. 19AC para. 11(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638501]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766011]: [Sch. 19AC para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768531]: [Sch. 19AC para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/1) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(12)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/12), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638511]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766031]: [Sch. 19AC para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768671]: [Sch. 19AC para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/1) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/a), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768631]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/b)
[^c22768691]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/c), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768651]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/d)
[^c21638521]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766051]: [Sch. 19AC para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638531]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769491]: [Sch. 19AC para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/15) repealed (with effect in accordance with s. 87 of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note
[^c22769241]: Words in [Sch. 19AC para. 4A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/a)
[^c22769531]: Words in [Sch. 19AC para. 4A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/2) substituted 1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/b)
[^c22769541]: [Sch. 19AC para. 4A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/c)
[^c22769561]: O.J. No. L360, 9.12.1992, pp. 1-27.
[^c22768311]: [Sch. 19AC para. 5A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5A/3) inserted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/4)
[^c22768331]: [Sch. 19AC para. 5B(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5B/1) repealed (with effect in accordance with Sch. 3 para. 13(14)(16) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767591]: [Sch. 19AC para. 5C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5C/2) substituted for Sch. 19AC para. 5C(2) (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/5)
[^c22768411]: [Sch. 19AC para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9A) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/7), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767811]: Words in [Sch. 19AC para. 9B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9B) substituted (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/5)
[^c22769401]: [Sch. 19AC para. 9C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9C) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/1), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22768451]: [Sch. 19AC para. 10A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10A) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/10), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22769441]: Words in [Sch. 19AC para. 10AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10AA) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768731]: [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) inserted (with effect in accordance with [s. 75(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/6/a) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/4)
[^c22769471]: Words in [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22769341]: Words in [Sch. 19AC para. 10C(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iii)
[^c22769351]: Words in [Sch. 19AC para. 10C(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iii)
[^c22768491]: [Sch. 19AC para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/1) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para 13(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/11), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22768501]: [Sch. 19AC para. 11A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/2) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/3), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22769461]: Words in [Sch. 19AC para. 11C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11C) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768941]: Word in [Sch.19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) repealed (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/a)
[^c22768961]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/b)
[^c22769361]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iv)
[^c22769381]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iv)
[^c23822961]: This section was inserted by section 149 of the Finance Act 2003.
[^c23821231]: Word in [Sch. 15A para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821251]: [Sch. 15A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22783901]: Words in [Sch. 15A para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 48](https://www.legislation.gov.uk/uksi/2001/3629/article/48)
[^c15675031]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22783921]: [Sch. 15B para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/7) repealed (with effect in accordance with Sch. 16 para. 3(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 3(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/3/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 4
[^c23821431]: [Sch. 15B para. 1(6)(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/6/da) inserted (23.1.2003) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23821451]: [Sch. 15B para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/10/11) inserted (with effect in accordance with [s. 195(12)](https://www.legislation.gov.uk/ukpga/2003/14/section/195/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 40 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/40/paragraph/1); [S.I. 2003/3077](https://www.legislation.gov.uk/uksi/2003/3077), [art. 2](https://www.legislation.gov.uk/uksi/2003/3077/article/2)
[^c23821471]: Words in [Sch. 15B para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/3) substituted (with effect in accordance with [Sch. 19 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/1)
[^c23821491]: [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/1)
[^c23821501]: Words in [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) substituted (with effect in accordance with [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/1)
[^c22783941]: Words in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/2)
[^c23821581]: Word in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/2)
[^c22784001]: [Sch. 15B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3): power to exclude conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/8), [9(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/9/1/b), [10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/10)
[^c22783961]: Words in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/3)
[^c23821521]: [Sch. 15B para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/4) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/2)
[^c23821531]: [Sch. 15B para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/9) modified (17.9.2004 with effect in accordance with reg. 1(2)(a) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2199/regulation/4)
[^c23821541]: Words in [Sch. 15B para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/a)
[^c23821561]: Words in [Sch. 15B para. 3(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/b)
[^c23821601]: Word in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/3)
[^c23821641]: Words in [Sch. 15B para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/4/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22783931]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/b), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c23821621]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/4)
[^c22734821]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23316661]: [Sch. 28A para. 6(da)-(dd)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316981]: Words in [Sch. 28A para. 6(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/a/4)
[^c23317041]: Words in [Sch. 28A para. 6(db)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/db) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317021]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/c/4)
[^c23317221]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/1)
[^c23317861]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/2)
[^c23317831]: [Sch. 28A para. 6(de)(df)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/de/df) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/4)
[^c23830791]: Words in [Sch. 28A para. 6(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(2)
[^c23830811]: Words in [Sch. 28A para. 6(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(3)
[^c23830831]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(4)
[^c23316701]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317081]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/d/4)
[^c23316741]: Words in [Sch. 28A para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316761]: [Sch. 28A para. 7(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318201]: Word preceding Sch. 28A para. 7(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318161]: [Sch. 28A para. 7(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3)
[^c23318221]: Word preceding Sch. 28A para. 7(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/4), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23317921]: [Sch. 28A para. 7(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/5)
[^c23318241]: [Sch. 28A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/5), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830701]: Words in [Sch. 28A para. 7(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830851]: [Sch. 28A para. 7(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/a/aa) substituted for para. 7(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(5)
[^c23830871]: [Sch. 28A para. 7(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/e/iii) and preceding word substituted for para. 7(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(6)
[^c23831031]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/4)
[^c23316801]: [Sch. 28A para. 13(1)(ea)-(ed)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317121]: Words in [Sch. 28A para. 13(1)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(f)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/f/4)
[^c23317161]: Words in [Sch. 28A para. 13(1)(eb)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/eb) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(g)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/g/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317141]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(h)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/h/4)
[^c23317261]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/2)
[^c23318511]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/7)
[^c23317951]: [Sch. 28A para. 13(1)(ee)(ef)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ee/ef) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/6)
[^c23830911]: Words in [Sch. 28A para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(a)
[^c23830931]: Words in [Sch. 28A para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(b)
[^c23830951]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(c)
[^c23316881]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317201]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(i)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/i/4)
[^c23316901]: Words in [Sch. 28A para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316921]: [Sch. 28A para. 16(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318661]: Word preceding Sch. 28A para. 16(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318621]: [Sch. 28A para. 16(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8)
[^c23318681]: Word preceding Sch. 28A para. 16(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/9), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318001]: [Sch. 28A para. 16(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/7)
[^c23318701]: [Sch. 28A para. 16(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/10), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830761]: Words in [Sch. 28A para. 16(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830971]: [Sch. 28A para. 16(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/a/aa) substituted for para. 16(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(9)
[^c23830991]: [Sch. 28A para. 16(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/e/iii) and preceding word substituted for para. 16(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(10)
[^c23831091]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/7)
[^c23830781]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23317101]: [Sch. 28A para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/2/a) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/e/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23318601]: Words in [Sch. 28A para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/c) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/6/b)
[^c23830731]: Words in [Sch. 28A para. 11(1)(a)(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/a/3/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830891]: [Sch. 28A para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/b) substituted for para. 11(1)(b)(bb) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(7)
[^c23831111]: [Sch. 28A Pt. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/part/4) title substituted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/8)
[^c22807531]: [Sch. 28B para. 3(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/2/aa) and preceding word substituted for para. 2(2)(b)(c) (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/1)
[^c22807551]: [Sch. 28B para. 3(6)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/6) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/2)
[^c22807591]: Words in [Sch. 28B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/3)
[^c22807611]: Words in [Sch. 28B para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/a) substituted (with effect in accordance with [Sch. 16 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/1)
[^c23835721]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/i)
[^c23835731]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/a)
[^c23835741]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/b)
[^c23835751]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835761]: Words in [Sch. 28B para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/a) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/i)
[^c23835771]: Words in [Sch. 28B para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/ii)
[^c23835781]: [Sch. 28B para. 3(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/5A/5B) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/c)
[^c23835791]: Words in [Sch. 28B para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/b) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/2) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22807631]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/3)
[^c22807641]: [Sch. 28B para. 4(2)(ea)-(ee)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/ea) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/1)
[^c22807661]: Words in [Sch. 28B para. 4(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/f) substituted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/2)
[^c22807681]: [Sch. 28B para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/3A) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/3)
[^c22807701]: [Sch. 28B para. 4(5)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/5) substituted for para. 4(5)(6) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/1)
[^c22807721]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22807731]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23835441]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/3) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22808151]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "nursing home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/1)
[^c22808171]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "property development" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/2)
[^c22808191]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "residential care home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/3)
[^c22808231]: [Sch. 28B para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/5): definition of "interest in land" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/4)
[^c22808251]: [Sch. 28B para. 5(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/6/7) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/5)
[^c22808271]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "research and development" substituted (with effect in accordance with [Sch. 18 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/1) (with [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/3))
[^c23835461]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 5(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 2 (with Sch. 27 para. 5(6))
[^c22808291]: [Sch. 28B para. 6(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2A) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/4)
[^c22808351]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/4)
[^c22808391]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808371]: [Sch. 28B para. 6(1)(2)(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/2/2AA) substituted for para. 6(1)(2) (with effect in accordance with [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/1)
[^c23835181]: Words in [Sch. 28B para. 6(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/a/ii) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/a)
[^c23835201]: Words in [Sch. 28B para. 6(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AA/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/b)
[^c23835221]: [Sch. 28B para. 6(2AB)-(2AH)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AB) substituted for para. 6(2A)-(2C)(with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/c)
[^c23835501]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/d), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c22808401]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808441]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c23835801]: Words in [Sch. 28B para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/a) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/a)
[^c23835821]: Words in [Sch. 28B para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/b) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/b)
[^c22808471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808451]: Words in [Sch. 28B para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/1) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/a), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22808461]: [Sch. 28B para. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/2) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/b), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22809491]: Words in [Sch. 28B para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/1) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/1)
[^c22809511]: [Sch. 28B para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/2) repealed (with effect in accordance with Sch. 9 para. 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/2), [Sch. 18 Pt. 6(9)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/9), Note
[^c22809531]: Words in [Sch. 28B para. 10(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/5) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/3)
[^c22809561]: Words in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/4)
[^c23835521]: [Sch. 28B para. 10(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835241]: [Sch. 28B para. 10(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/ca) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/b)
[^c23835261]: Words in [Sch. 28B para. 10(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/e) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/c)
[^c23835281]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/i)
[^c23835541]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/ii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835561]: Word in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835581]: Word in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iv), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835301]: Words in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/v)
[^c23835321]: [Sch. 28B para. 10(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4A) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/e)
[^c23835601]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835341]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/ii)
[^c23835621]: [Sch. 28B para. 10(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/6) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(g)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/g), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835641]: Words in [Sch. 28B para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835661]: Word in [Sch. 28B para. 11(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/b), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835681]: Word in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/c), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835381]: Words in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/d)
[^c22809591]: Words in [Sch. 28B para. 12(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/12/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/3)
[^c15675021]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22809611]: [Sch. 28B para. 13(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/2) substituted for para. 13(2)(3) (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/3)
[^c22809651]: [Sch. 28B para. 13(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/5/b) and preceding word repealed (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(3)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/3/8), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 3
[^c22809631]: [Sch. 28B para. 13(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/6) inserted (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(4)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/4/8)
[^c22809671]: Words in [Sch. 28B para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/1) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/3/5/b)
[^c22809481]: [Sch. 28B para. 10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/72/5)
[^c22809471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22809451]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22809461]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c23835001]: [Sch. 28B para. 11A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/2/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(a)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/a) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835021]: Words in [Sch. 28B para. 11A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/3/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(b)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/b) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835401]: Word in [Sch. 28B para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/1) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/15)
[^c22779561]: Words in [Sch. 13A para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779581]: [Sch. 13A para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/2) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779601]: Words in [Sch. 13A para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/1) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/4), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779641]: Words in [Sch. 13A para. 14(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779621]: Words in [Sch. 13A para. 14(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/8) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/6), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22777321]: [Sch. 5AA para. 1(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6/7) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/7)
[^c22777411]: [Sch. 5AA para. 1(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/2/b/c) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777481]: [Sch. 5AA para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777451]: Words in [Sch. 5AA para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/5) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/c), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777461]: Words in [Sch. 5AA para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/d), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777471]: [Sch. 5AA para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/7) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/e), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777491]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/2)
[^c22777571]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/3), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777351]: Words in [Sch. 5AA para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/6) inserted (with effect in accordance with [s. 99(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 99(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/4)
[^c22777511]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/3)
[^c22777581]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777551]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/5)
[^c22777611]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777621]: [Sch. 5AA para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/9) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/7), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777531]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/4)
[^c22777591]: Words in [Sch. 5AA para. 4A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/5/b) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777601]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22747131]: Words in [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11/paragraph/6/2) substituted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [ss. 19(1)](https://www.legislation.gov.uk/ukpga/2002/1/section/19/1), [20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/10) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c22747111]: [1974 c.30](https://www.legislation.gov.uk/ukpga/1974/30).
[^c22747121]: [1977 c.36](https://www.legislation.gov.uk/ukpga/1977/36).
[^c22778281]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778291]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778301]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778311]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778321]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778331]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778341]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778351]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778361]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778371]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778381]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778391]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778401]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778411]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c23316401]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/58/1) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/12)) (with Sch. 22 para. 58(3))
[^c23316411]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (with modifications) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 59(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/59/1/2) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/13)) (with Sch. 22 para. 59(4))
[^c23316421]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 100](https://www.legislation.gov.uk/ukpga/1996/8/section/100) (as substituted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23316431]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A/1) (as inserted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23833991]: Words in [Sch. 28AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/1/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/2)
[^c23834871]: [Sch. 28AA para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/3) applied (with effect in accordance with Sch. 17 para. 13 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 17 para. 12(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/12/5)
[^c23834201]: Words in [Sch. 28AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/2) substituted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/2)
[^c23834321]: Words in [Sch. 28AA para. 4(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [103](https://www.legislation.gov.uk/uksi/2005/3229/regulation/103)
[^c23834361]: [Sch. 28AA para. 4(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/12): definition of "settlement" and "settlor" substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 26](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/26), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23834001]: Words in [Sch. 28AA para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/1) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/a), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834011]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834021]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834031]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834041]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834051]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834061]: [Sch. 28AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/c)
[^c23834401]: [Sch. 28AA para. 5(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7/a/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 239](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/239) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23316441]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316461]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", para. (a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/a)
[^c23316481]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", words in para. (e) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/b)
[^c23316501]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "voluntary amendment", paras. (a)(b) substituted for words (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/4)
[^c23834071]: [Sch. 28AA para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/1) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/4)
[^c23834081]: Word in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/i)
[^c23834091]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/2)
[^c23834101]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/ii)
[^c23834111]: Words in [Sch. 28AA para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/a) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/b)
[^c23834261]: [Sch. 28AA para. 6(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/5)
[^c23316451]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316521]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316581]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316541]: [Sch. 28AA para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/a) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316601]: [Sch. 28AA para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/b) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316561]: [Sch. 28AA para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/3) substituted for para. 8(2) (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316621]: [Sch. 28AA para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/4) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23833971]: Words in [Sch. 28AA para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834121]: [Sch. 28AA para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834131]: Word at the end of Sch. 28AA para. 11(3)(c) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/a)
[^c23834141]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834151]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834161]: Words in [Sch. 28AA para. 11(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834171]: Words in [Sch. 28AA para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/12/3/b) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/8)
[^c23316641]: Words in [Sch. 28AA para. 13(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/68)
[^c23834181]: [Sch. 28AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13) renumbered as para. 13(1) (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c23834191]: [Sch. 28AA para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/2) added (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c22747221]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23833861]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): words in definition of "losses" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 40(2)
[^c23833881]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "medium-sized enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833891]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "non-qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833901]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "paragraph 6C claim" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/5)
[^c23833911]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833921]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "small enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23834421]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "insurance company" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(f)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/f), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23833701]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2ZA)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2ZA) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/7/2))
[^c23833711]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/16) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/8))
[^c23833721]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/2))
[^c23833731]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 31A](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/31A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/3))
[^c23833741]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 55(1A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/55/1A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/16/2))
[^c23834381]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834481]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23834391]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834491]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23833931]: Words in [Sch. 28AA para. 6A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23833951]: Words in [Sch. 28AA para. 6E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834281]: Words in [Sch. 28AA para. 7A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7A/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834301]: Words in [Sch. 28AA para. 7C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7C/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834811]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 340(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/340/7), [625(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/625/7), [694(8)-(10)](https://www.legislation.gov.uk/ukpga/2009/4/section/694/8), [775(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/775/3) (with [ss. 628](https://www.legislation.gov.uk/ukpga/2009/4/section/628), [629](https://www.legislation.gov.uk/ukpga/2009/4/section/629), [636](https://www.legislation.gov.uk/ukpga/2009/4/section/636), [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834821]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 445-447](https://www.legislation.gov.uk/ukpga/2009/4/section/445) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834881]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [19(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/6), [22(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/6) (with [regs. 19(7)(10)(11)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/7/10/11), [22(7)(9)(10)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/7/9/10))
[^c23834891]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.1.2010) by The Northern Rock plc (Tax Consequences) Regulations 2009 ([S.I. 2009/3227](https://www.legislation.gov.uk/uksi/2009/3227)), regs. 1, 4(3), 6(2)
[^c22780291]: [Sch. 13B para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/3/2A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/2)
[^c22780261]: Words in [Sch. 13B para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/4/1/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/9)
[^c22780281]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22780311]: [Sch. 13B para. 5(4)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/5/4/ca) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/3)
[^c22780331]: [Sch. 13B para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/4A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/2)
[^c22780351]: [Sch. 13B para. 6(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/7A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/3)
[^c22780371]: [Sch. 13B para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/7/3) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/5)
[^c22780391]: Words in [Sch. 13B para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/4) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/2)
[^c22780411]: [Sch. 13B para. 8(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/5A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/3)
[^c22747291]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747301]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c22747311]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747321]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c23389441]: Words in [Sch. 4AA para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/1/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(2)
[^c23389461]: Words in [Sch. 4AA para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/7/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(3)
[^c23389481]: [Sch. 4AA para. 13(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13/1/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(4)
[^c23389501]: [Sch. 4AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(5)
[^c23822131]: [Sch. 18A Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18A/part/2) modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2)
[^c23387701]: O.J. L374, 31.12.1991, p.7.
[^c23380011]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23380081]: O.J. L374, 31.12.1991, p.7.
#### Foreign pensions.
#### Section 209(3AA): link to shares of company or associated company
#### Further interpretation of sections 135 to 139.
#### Further interpretation of sections 135 to 139.
#### Cash vouchers taxable under P.A.Y.E.
#### Further interpretation of sections 135 to 139.
#### Credit-tokens.
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Exemptions from section 148.
#### Giving effect to mileage allowance relief
#### Limited exemption for computer equipment.
#### Taxation of profit-related pay.
#### Taxation of profit-related pay.
#### Meaning of “distribution”.
#### Aggregation of wife’s income with husband’s.
#### Schedule A losses.
#### Transfers of business: deemed periodical return
#### Relevant deposits: computation of tax on interest.
#### Charitable and non-charitable expenditure
#### Computation of amount available for surrender by way of group relief.
#### Life policies: chargeable events.
#### Gifts of shares, securities and real property to charities etc
#### Qualifying interests in land held jointly
#### Qualifying courses of training etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Revocable settlements allowing reversion of property.
#### The prescribed circumstances.
#### Prevention of avoidance of income tax.
#### Assets leased to traders and others.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### The approved amount: mileage allowance payments
#### Section 796: trade income
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Limited exemption for computer equipment.
#### Provisions supplementary to section 138.
#### Second loans.
#### Tariff receipts and tax-exempt tariffing receipts
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Statutory redundancy payments.
#### Termination of relief under this Chapter, and transitional provisions.
#### Counselling services for employees.
#### Section 590: supplementary provisions.
#### Supplementary provisions.
#### Exemption from tax in respect of qualifying premiums.
#### Lessee under long funding finance lease: limit on deductions
#### Settlements made after 6th April 1965.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Onshore pooling.
#### Disposals and acquisitions of company loan relationships with or without interest.
#### Restriction on deduction of interest or dividends from trading income.
#### Relief by agreement with other territories.
#### Repayment supplements: companies.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interest on tax overpaid.
#### VAT penalties etc.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### Repayment supplements: companies.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Territorial sea and designated areas.
#### Interest on tax overpaid.
#### Schedule C.
#### Schedule F.
#### Restrictions on relief
#### Saving for pre-1963 leases, and special relief for individuals.
#### Securities of foreign states.
#### Amounts reversing expenses of management deducted: charge to tax
#### United Kingdom government securities held by non-residents.
#### Disposal or exercise of rights in pursuance of deposits.
#### Discounted bills of exchange.
#### Expenses of insurance companies
#### Costs of establishing share option or profit sharing schemes: relief.
#### Allowable deductions.
#### Expenses connected with living accommodation.
#### Relief for contributions in respect of share option gains.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### Provisions supplementary to section 138.
#### Application of lower rate to company distributions.
#### Provisions supplementary to section 138.
#### Provisions supplementary to section 138.
#### Application of sections 251B and 251C
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Further interpretation of sections 135 to 139.
#### Conditional acquisition of shares.
#### Conditional acquisition of shares.
#### Taxation of profit-related pay.
#### Relief for necessary expenses.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Stock dividends: distributions.
#### “Gross rate” and “gross amount” of distributions to include ACT.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Married couple’s allowance(pre-5th December 2005 marriages).
#### Life assurance premiums paid by employer
#### Meaning of “the minimum amount”
#### Children’s tax credit.
#### Married couple’s allowance(pre-5th December 2005 marriages).
#### Tax on companies in administration
#### Company reconstructions without a change of ownership.
#### Company reconstructions: supplemental.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Loan to buy machinery or plant.
#### Minimum and maximum subscriptions.
#### Losses from UK property business.
#### Losses from overseas property business.
#### Transactions in deposits with and without certificates or in debts.
#### Dealings in commodity futures etc: withdrawal of loss relief.
#### Limits on group relief.
#### Close companies.
#### Certain quoted companies not to be close companies.
#### Losses from Schedule A business or overseas property business.
#### Section 432B apportionment: participating funds.
#### Profits reserved for policy holders and annuitants.
#### Relief where borrower deceased.
#### Determination of policy holders’ share for purposes of s.438B
#### Determination of policy holders’ share for purposes of s.438B
#### Modifications for change of tax basis
#### Transfers of business: election for transferee to pay tax of transferor
#### Transfers of business: transferor shares are assets of transferee's long-term insurance fund etc
#### Transfers of business: election for transferee to pay tax of transferor
#### Taxation in respect of other business.
#### Election as to tax exempt business.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
#### Transactions in deposits with and without certificates or in debts.
#### Dividends paid to investment trusts.
#### Distribution accounts.
#### Savings banks: exemption from tax.
#### Valuation of oil disposed of or appropriated in certain circumstances.
#### Charitable and non-charitable expenditure
#### Charitable companies: general.
#### Introductory.
#### Certain deficiencies allowable as deductions.
#### Supplementary provisions.
#### Retained assets
#### Taxation in respect of other business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exploration expenditure supplement
#### Revocable settlements allowing reversion of property.
#### Conditions to be satisfied by individuals.
#### Allowances for expenditure on purchase of patent rights: post-31st March 1986 expenditure.
#### Lessee under long funding finance lease: limit on deductions
#### Definition of insurance company.
#### Section 591C: supplementary.
#### Income arising under settlement where settlor retains an interest.
#### Charities: general.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of section 737A.
#### Recovery of tax credits incorrectly paid.
#### Arrangements made under old law.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Qualifying counselling services etc.
#### Conditions for approval of retirement benefit schemes.
#### Approval of schemes.
#### Dealers in securities.
#### Manufactured dividends and interest.
#### Deemed manufactured payments in the case of stock lending arrangements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information: supplementary provisions
#### Income treated as arising under section 761(1): remittance basis
#### Change in company ownership: postponed corporation tax.
#### Transactions associated with loans or credit.
#### Mutual agreement procedure and presentation of cases under arrangements.
#### Dividends paid out of transferred profits.
#### Schemes and arrangements designed to increase relief
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Interpretation of Income Tax Acts.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Interpretation of the Corporation Tax Acts.
#### Meaning of “UK property business” and “overseas property business”
#### Meaning of “UK property business” and “overseas property business”
#### Cessation of approval: general provisions.
#### Cessation of approval: tax on certain schemes.
#### Interpretation.
#### Appeals against Board’s notices under section 703.
#### Stock lending.
#### Statement of case by tribunal for opinion of High Court.
#### Reduction in chargeable profits for certain financing income
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Deemed interest: cash collateral under stock lending arrangements
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Qualifying interests in land held jointly
#### Interpretation of credit code.
#### Payments under discretionary trusts.
#### Recovery of tax credits incorrectly paid.
#### Interest on tax overpaid.
#### Cancellation of tax advantage.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Corporation Tax Acts.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Imputation of chargeable profits and creditable tax of controlled foreign companies
#### Reduction in chargeable profits following an exempt period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Offshore income gains: application of transfer of assets abroad provisions
#### Income treated as arising under section 761(1): remittance basis
#### Provision not at arm’s length.
#### Form of relief.
#### Substitution of security: supplemental.
#### Interpretation of Chapter III.
#### Meaning of “associated company” and “control”.
#### Transfers of business: deemed periodical return
#### Funds of funds: distributions.
#### Loan relationships etc.
#### Transactions with substantial donors
#### Introductory.
#### Qualifying trading companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Lessee under long funding finance lease: limit on deductions
#### General powers to make regulations under Chapter IV.
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Change in ownership of company carrying on property business.
#### Change in company ownership: postponed corporation tax.
#### Supplementary provisions.
#### Provisions supplementary to section 138.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Meaning of “distribution”.
#### Election by company paying dividend.
#### Returns.
#### Further interpretation of sections 135 to 139.
#### Relief for contributions in respect of share option gains.
#### Further interpretation of sections 135 to 139.
#### Section 209(3AA): hedging arrangements
## [SCHEDULE 19A
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Relief by agreement with other territories.
#### Exceptions from the general charge.
#### Provisions supplementary to section 138.
#### Interpretation of sections 251A to 251C
#### Interpretation of sections 251A to 251C
#### Relief for contributions in respect of share option gains.
#### Application of lower rate to company distributions.
#### Aggregation of wife’s income with husband’s.
#### Losses other than terminal losses.
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### “Distribution” to include certain expenses of close companies.
#### Taxation of borrower when loan under section 419 released etc
#### Election that assets not be foreign business assets
#### Company carrying on life assurance business and other insurance business
#### Exemption from tax.
#### Cases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease
#### Interest paid on deposits with banks etc.
#### Treatment of certain assignments etc involving co-ownership
#### Introductory.
#### The control and independence requirement
#### Non-resident policies and off-shore capital redemption policies.
#### The property managing subsidiaries requirement
#### Tax representatives.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Certain income not to be income of settlor etc.
#### Special provisions as to certain interests in residue.
#### Reduction in chargeable profits following an exempt period
#### Sales etc. at an undervalue or overvalue.
#### Apportionment of chargeable profits and creditable tax
#### Section 751A: supplementary
#### Relief by agreement with other territories.
#### Qualifying vehicles
#### Introduction
#### Company vehicles
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Loans to participators etc.
#### Exceptions from section 419.
#### Computation of amount available for surrender by way of group relief.
#### “Deposit-taker”, “deposit” and “relevant deposit”.
#### Lessee under long funding finance lease: termination
#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested
#### Business entertaining expenses.
#### Statutory redundancy payments.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Application to Scotland.
#### Payments to unmarried minor children of settlor.
#### Application to Scotland.
#### Reduction in chargeable profits following an exempt period
#### Meaning of “asset”, “capital sum” and “lease” for purposes of sections 781 to 784.
#### Tax year
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Exemptions from section 148.
#### Giving effect to mileage allowance relief
#### Limited exemption for computer equipment.
#### Taxation of profit-related pay.
#### Taxation of profit-related pay.
#### Meaning of “distribution”.
#### Transfer of reliefs.
#### Schedule A losses.
#### Transfers of business: deemed periodical return
#### “Deposit-taker”, “deposit” and “relevant deposit”.
#### Transactions with substantial donors
#### Computation of amount available for surrender by way of group relief.
#### Life policies: chargeable events.
#### Gifts of shares, securities and real property to charities etc
#### Supplementary provision for gifts of real property
#### Counselling services for employees.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Revocable settlements allowing reversion of property.
#### The prescribed circumstances.
#### Liability of non-transferors.
#### Leased assets: special cases.
#### Transactions associated with loans or credit.
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### The approved amount: mileage allowance payments
#### Section 796: trade income
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Limited exemption for computer equipment.
#### Provisions supplementary to section 138.
#### Home improvement loans.
#### Exploration expenditure supplement
#### Charitable companies: general.
#### Statutory redundancy payments.
#### Exemption from tax in respect of qualifying premiums.
#### Counselling services for employees.
#### Section 590: supplementary provisions.
#### Supplementary provisions.
#### Exemption from tax in respect of qualifying premiums.
#### Lessee under long funding finance lease: limit on deductions
#### Settlements made before 7th April 1965 but after 9th April 1946.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Utilisation of eligible unrelieved foreign tax.
#### Disposals and acquisitions of company loan relationships with or without interest.
#### Interest: special relationship.
#### Relief by agreement with other territories.
#### Repayment supplements: companies.
#### Restriction of relief for payments of interest.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interest on tax overpaid.
#### VAT penalties etc.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### Repayment supplements: companies.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Territorial sea and designated areas.
#### Interest on tax overpaid.
#### Schedule C.
#### Schedule E.
#### Regulations
#### Rules for ascertaining duration of leases.
#### United Kingdom government securities held by non-residents.
#### Amounts reversing expenses of management deducted: charge to tax
#### United Kingdom government securities held by non-residents.
#### Disposal or exercise of rights in pursuance of deposits.
#### Discounted bills of exchange.
#### Expenses of insurance companies
#### Costs of establishing share option or profit sharing schemes: relief.
#### Allowable deductions.
#### Expenses connected with living accommodation.
#### Exemptions from section 148.
#### Provisions supplementary to section 520.
#### Lessee under long funding finance lease: limit on deductions
#### Effect of appointment or arrangements under section 659B.
#### Section 591C: supplementary.
#### Payments to unmarried minor children of settlor.
#### Charities: general.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of section 737A.
#### Recovery of tax credits incorrectly paid.
#### Arrangements made under old law.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Qualifying counselling services etc.
#### Section 590: supplementary provisions.
#### Approval of schemes.
#### Persons entitled to exemptions.
#### Manufactured dividends and interest.
#### Deemed interest: cash collateral under stock lending arrangements
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information: supplementary provisions
#### Income treated as arising under section 761(1): remittance basis
#### The Arbitration Convention.
#### Dividends paid out of transferred profits.
#### Schemes and arrangements designed to increase relief
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Interpretation of Income Tax Acts.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Interpretation of the Corporation Tax Acts.
#### Meaning of “UK property business” and “overseas property business”
#### Meaning of “UK property business” and “overseas property business”
#### Cessation of approval: general provisions.
#### Section 591C: supplementary.
#### Approval of schemes.
#### Statement of case by tribunal for opinion of High Court.
#### Exception for sale and repurchase of securities.
#### Statement of case by tribunal for opinion of High Court.
#### Reduction in chargeable profits for certain financing income
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Deemed interest: cash collateral under stock lending arrangements
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Qualifying interests in land held jointly
#### Reduction of United Kingdom taxes by amount of credit due.
#### Payments under discretionary trusts.
#### Recovery of tax credits incorrectly paid.
#### Interest on tax overpaid.
#### Cancellation of tax advantage.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Corporation Tax Acts.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Special rule for computing chargeable profits.
#### Reduction in chargeable profits following an exempt period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Offshore income gains: application of transfer of assets abroad provisions
#### Sales etc. at an undervalue or overvalue.
#### Restriction of relief for payments of interest.
#### VAT penalties etc.
#### Territorial sea and designated areas.
#### VAT penalties etc.
@@ -66060,7 +66060,7 @@
For the purposes of this Schedule a car is available to an employee at a particular time if it is then made available, by reason of his employment and without any transfer of the property in it, either to him or to others being members of his family or household.
#### Arrangements made under old law.
#### Relief by agreement with other territories.
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
@@ -66070,1042 +66070,1042 @@
#### Tax treatment of receipts and outgoings on sale of land.
#### Costs of establishing employee share ownership trusts: relief.
#### Treatment of receipts as earned income.
#### Payments to trustees of approved profit sharing schemes.
#### Application of charges where rights to payments transferred.
#### Relief for necessary expenses.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is neither an authorised unit trust nor an umbrella scheme ; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*”means a period beginning on or after 1st April 1987 over which income from the investments subject to the trusts is aggregated for the purposes of ascertaining the amount available for distribution to unit holders, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (6A) In this section “*umbrella scheme*” has the same meaning as in section 468.
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is not an authorised unit trust; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*” has the same meaning as in section 468, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
#### Cessation of approval: general provisions.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Apportionment of chargeable profits and creditable tax
#### Restriction of relief for payments of interest.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction of United Kingdom taxes by amount of credit due.
#### Territorial sea and designated areas.
#### Interpretation of the Corporation Tax Acts etc.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is neither an authorised unit trust nor an umbrella scheme ; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*”means a period beginning on or after 1st April 1987 over which income from the investments subject to the trusts is aggregated for the purposes of ascertaining the amount available for distribution to unit holders, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (6A) In this section “*umbrella scheme*” has the same meaning as in section 468.
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is not an authorised unit trust; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*” has the same meaning as in section 468, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
#### Cessation of approval: general provisions.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Relevant interests.
#### Qualifying trade, profession or vocation
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Costs of establishing share option or profit sharing schemes: relief.
#### Taxable premiums etc.
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### CHAPTER 1B — PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
### CHAPTER 1C — LIABILITY OF TRUSTEES
#### Section 785B: expectation that relevant capital payment will not be paid
#### Leased assets: special cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Meaning of “settlement day” for purposes of sections 711 to 728.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Special rule for computing chargeable profits.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### Introduction
#### Introduction
## Part IV — Disallowed debits and non-trading deficits
#### Reduction in chargeable profits: failure to qualify for exemptions
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying vehicles
#### Employment
#### The approved amount: mileage allowance payments
#### Charitable donations: contributions to agent’s expenses.
#### Charitable donations: contributions to agent’s expenses.
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of price differential on sale and repurchase of securities.
#### Manufactured dividends and interest.
#### Returns where it is not established whether acceptable distribution policy applies.
#### Change in company ownership: postponed corporation tax.
#### Assets leased to traders and others.
#### Revocable settlements allowing reversion of property.
#### Arrangements to avoid section 812.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts etc.
#### Interpretation of Income Tax Acts.
#### Unrealised interest in default
#### Interest on tax overpaid.
#### Transfers of rights to receive distributions in respect of shares
#### Offshore income gains: application of transfer of assets abroad provisions
#### Qualifying trade, profession or vocation
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### Tax year
#### Restriction on relief for non-active partners
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The prescribed circumstances.
#### Exchange gains and losses on sale and repurchase of securities
#### Change in company ownership: corporation tax.
#### Dividends paid out of transferred profits.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exceptions from sections 713 and 714
#### Variable interest rate.
#### Interest on tax overpaid.
#### Section 751A: supplementary
#### Introduction
#### Adjustment of profits on averaging claim
#### Tax year
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured interest on UK securities: general
### Manufactured interest on gilt-edged securities etc.
#### Amount of post-commencement supplement for a post-commencement period
#### Valuation of work in progress at discontinuance of profession or vocation.
#### Definitions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 751A: supplementary
#### Effect of appointment or arrangements under section 659B.
#### Schemes and arrangements designed to increase relief
#### Section 796: trade income
#### Effect of notice under section 804ZA
#### Utilisation of eligible unrelieved foreign tax.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Repayment supplements: companies.
#### Interpretation of the Corporation Tax Acts etc.
#### Meaning of “UK property business” and “overseas property business”
#### Income treated as arising under section 761(1): remittance basis
#### Change in company ownership: postponed corporation tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Sales etc. at an undervalue or overvalue.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Company vehicles
#### Introduction
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of appointment or arrangements under section 659B.
#### Repayment supplements: companies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Sales etc. at an undervalue or overvalue.
#### Restriction of relief for payments of interest.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax year
#### Company vehicles
#### Employment
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Payments to Export Credit Guarantee Department.
#### Valuation of work in progress at discontinuance of profession or vocation.
#### “A significant amount of time”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The control and independence requirement
#### Business entertaining expenses.
#### Appeals against Board’s notices under section 703.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Commencement.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Introduction
### Introductory
### Payments and other benefits to which section 148 applies
### Payments and other benefits excluded from charge under section 148
### Application of £30,000 threshold
### Exclusion or reduction of charge in case of foreign service
### Valuation of benefits
### Notional interest treated as paid if amount charged in respect of beneficial loan
### Giving effect to the charge to tax
### Reporting requirements
### Interpretation
#### Qualifying vehicles
#### The approved amount: passenger payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Adjustment of profits on averaging claim
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### Qualifying companies
#### Leased assets subject to hire-purchase agreements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Liability of non-transferors.
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Company vehicles
#### Introduction
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Power to obtain information.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Tax year
#### Supplement in respect of a pre-commencement accounting period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Trading stock.
#### VAT penalties etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits for certain financing income
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### The appropriate percentage
### Car with CO2 emissions figure
### The lower threshold
### Bi-fuel cars
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### The non-qualifying pool
#### Supplement in respect of a pre-commencement accounting period
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interest: special relationship.
#### Supplement in respect of a post-commencement period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of notice under section 804ZA
#### Utilisation of eligible unrelieved foreign tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### Amount of post-commencement supplement for a post-commencement period
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “The individual’s contribution to the trade”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Interest: special relationship.
#### Accounting periods
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in company ownership: corporation tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of this Act.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Recovery of tax credits incorrectly paid.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Allowable deductions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits following an exempt period
#### Reduction in chargeable profits following an exempt period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to inspect documents.
#### The Arbitration Convention.
#### Schemes and arrangements designed to increase relief
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
#### About this Schedule
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Application of Income Tax Acts from year to year.
#### Repayment supplements: companies.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The non-qualifying pool
#### About this Schedule
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Conventional basis: general charge on receipts after discontinuance . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Adjustment of profits on averaging claim
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### Recovery of tax credits incorrectly paid.
#### Old references to standard rate tax.
#### Reduction of United Kingdom taxes by amount of credit due.
#### Territorial sea and designated areas.
#### Interpretation of the Corporation Tax Acts etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “Annual value” of land.
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Supplement in respect of a pre-commencement accounting period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to inspect documents.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Qualifying companies
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “research and development”.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Allowable deductions.
#### Partners: meaning of “contribution to the trade”
#### Partners: meaning of “contribution to the trade”
#### Restriction on deduction of interest or dividends from trading income.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
#### Meaning of “relevant loss” in section 118ZN
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Repayment supplements: companies.
#### Meaning of “investment LLP” and “property investment LLP”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
- (1) In relation to an open-ended investment company the rate of corporation tax for the financial year 2005 and subsequent financial years shall be deemed to be the rate at which income tax at the savings rate is charged for the year of assessment which begins on 6th April in the financial year concerned (and section 13 shall not apply).
- (2) In this section “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
- (3) Each of the parts of an umbrella company shall be regarded for the purposes of this section as an open-ended investment company and the umbrella company as a whole shall not be so regarded (and shall not, unless an enactment expressly provides otherwise, be regarded as a company for any other purpose of the Tax Acts).
- (4) In subsection (3) “*umbrella company*” means an open-ended investment company—
- (a) in respect of which the instrument of incorporation provides arrangements for separate pooling of the contributions of the shareholders and the profits or income out of which payments are to be made to them, and
- (b) the shareholders of which are entitled to exchange rights in one pool for rights in another,
and a reference to part of an umbrella company is a reference to a separate pool.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “research and development”.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Costs of establishing share option or profit sharing schemes: relief.
#### Taxable premiums etc.
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### CHAPTER 1B — PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
### CHAPTER 1C — LIABILITY OF TRUSTEES
#### Section 785B: expectation that relevant capital payment will not be paid
#### Leased assets: special cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Meaning of “settlement day” for purposes of sections 711 to 728.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Special rule for computing chargeable profits.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### Supplement in respect of a pre-commencement accounting period
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Introduction
## Part IV — Disallowed debits and non-trading deficits
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Adjustment of profits on averaging claim
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying vehicles
#### Employment
#### The approved amount: mileage allowance payments
#### Charitable donations: contributions to agent’s expenses.
#### Charitable donations: contributions to agent’s expenses.
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of price differential on sale and repurchase of securities.
#### Manufactured dividends and interest.
#### Determinations requiring the sanction of the Board.
#### Change in company ownership: postponed corporation tax.
#### Assets leased to traders and others.
#### Revocable settlements allowing reversion of property.
#### Power to inspect documents.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts etc.
#### Interpretation of the Corporation Tax Acts.
#### Unrealised interest in default
#### Interest on tax overpaid.
#### Transfers of rights to receive distributions in respect of shares
#### Offshore income gains: application of transfer of assets abroad provisions
#### Qualifying trade, profession or vocation
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: mileage allowance payments
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### Tax year
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The prescribed circumstances.
#### Exchange gains and losses on sale and repurchase of securities
#### Change in company ownership: corporation tax.
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exceptions from sections 713 and 714
#### Variable interest rate.
#### Interest on tax overpaid.
#### Section 751A: supplementary
#### Introduction
#### Adjustment of profits on averaging claim
#### Tax year
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured interest on UK securities: general
### Manufactured interest on gilt-edged securities etc.
#### Amount of post-commencement supplement for a post-commencement period
#### Valuation of work in progress at discontinuance of profession or vocation.
#### Paying agents.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 751A: supplementary
#### Effect of appointment or arrangements under section 659B.
#### Effect of notice under section 804ZA
#### Section 796: trade income
#### Effect of notice under section 804ZA
#### Utilisation of eligible unrelieved foreign tax.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Repayment supplements: companies.
#### Interpretation of the Corporation Tax Acts etc.
#### Meaning of “UK property business” and “overseas property business”
#### Income treated as arising under section 761(1): remittance basis
#### Change in company ownership: postponed corporation tax.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Sales etc. at an undervalue or overvalue.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Company vehicles
#### Introduction
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of appointment or arrangements under section 659B.
#### Repayment supplements: companies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Sales etc. at an undervalue or overvalue.
#### Restriction of relief for payments of interest.
#### Tax year
#### Company vehicles
#### Employment
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Debts of overseas governments etc.
#### Provisions supplementary to sections 100 and 101.
#### “A significant amount of time”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The control and independence requirement
#### Business entertaining expenses.
#### Appeals against Board’s notices under section 703.
#### Meaning of “UK property business” and “overseas property business”
#### Savings, transitional provisions, consequential amendments and repeals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Qualifying trade, profession or vocation
### Introductory
### Payments and other benefits to which section 148 applies
### Payments and other benefits excluded from charge under section 148
### Application of £30,000 threshold
### Exclusion or reduction of charge in case of foreign service
### Valuation of benefits
### Notional interest treated as paid if amount charged in respect of beneficial loan
### Giving effect to the charge to tax
### Reporting requirements
### Interpretation
#### The approved amount: mileage allowance payments
#### The approved amount: passenger payments
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “industrial assurance business”
##### 20A
In this Part of this Schedule “*industrial assurance business*” means any industrial assurance business within the meaning given by—
- (a) section 1(2) of the Industrial Assurance Act 1923, or
- (b) Article 3(1) of the Industrial Assurance (Northern Ireland) Order 1979,
which was carried on before 1 December 2001.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### Qualifying companies
#### Leased assets subject to hire-purchase agreements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Liability of non-transferors.
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Company vehicles
#### Introduction
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Power to obtain information.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Tax year
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 796: trade income
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Trading stock.
#### VAT penalties etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits for certain financing income
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### The appropriate percentage
### Car with CO2 emissions figure
### The lower threshold
### Bi-fuel cars
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### The non-qualifying pool
#### Supplement in respect of a pre-commencement accounting period
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interest: special relationship.
#### Amount of post-commencement supplement for a post-commencement period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of notice under section 804ZA
#### Utilisation of eligible unrelieved foreign tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### Amount of post-commencement supplement for a post-commencement period
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “The individual’s contribution to the trade”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Interest: special relationship.
#### Accounting periods
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in company ownership: corporation tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of this Act.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Recovery of tax credits incorrectly paid.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Allowable deductions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits following an exempt period
#### Reduction in chargeable profits following an exempt period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to inspect documents.
#### The Arbitration Convention.
#### Schemes and arrangements designed to increase relief
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
#### About this Schedule
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Application of Income Tax Acts from year to year.
#### Repayment supplements: companies.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The non-qualifying pool
#### About this Schedule
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
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#### Conventional basis: general charge on receipts after discontinuance . . . .
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#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
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#### Introduction
#### Adjustment of profits on averaging claim
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
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#### Accounting periods
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#### The approved amount: passenger payments
#### Recovery of tax credits incorrectly paid.
#### Old references to standard rate tax.
#### Reduction of United Kingdom taxes by amount of credit due.
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#### “Annual value” of land.
#### Qualifying trade, profession or vocation
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#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Supplement in respect of a pre-commencement accounting period
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#### Accounting periods
#### Restriction on relief: companies.
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#### Power to inspect documents.
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#### Interpretation of the Corporation Tax Acts.
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#### Introduction
#### Qualifying companies
#### Amount of post-commencement supplement for a post-commencement period
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#### Accounting periods
#### Supplement in respect of a post-commencement period
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#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
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#### Meaning of “research and development”.
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#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Allowable deductions.
#### Partners: meaning of “contribution to the trade”
#### Partners: meaning of “contribution to the trade”
#### Restriction on deduction of interest or dividends from trading income.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
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#### Qualifying trade, profession or vocation
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#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
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#### Supplement in respect of a post-commencement period
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#### Definitions.
#### Meaning of “relevant loss” in section 118ZN
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#### Definitions.
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#### Repayment supplements: companies.
#### Meaning of “investment LLP” and “property investment LLP”
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#### Introduction
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#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
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##### 468A
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##### 468A
- (1) In relation to an open-ended investment company the rate of corporation tax for the financial year 2005 and subsequent financial years shall be deemed to be the rate at which income tax at the savings rate is charged for the year of assessment which begins on 6th April in the financial year concerned (and section 13 shall not apply).
- (2) In this section “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
- (3) Each of the parts of an umbrella company shall be regarded for the purposes of this section as an open-ended investment company and the umbrella company as a whole shall not be so regarded (and shall not, unless an enactment expressly provides otherwise, be regarded as a company for any other purpose of the Tax Acts).
- (4) In subsection (3) “*umbrella company*” means an open-ended investment company—
- (a) in respect of which the instrument of incorporation provides arrangements for separate pooling of the contributions of the shareholders and the profits or income out of which payments are to be made to them, and
- (b) the shareholders of which are entitled to exchange rights in one pool for rights in another,
and a reference to part of an umbrella company is a reference to a separate pool.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
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#### Qualifying trade, profession or vocation
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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#### Meaning of “research and development”.
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#### How averaging claim is given effect
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#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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#### Qualifying trade, profession or vocation
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#### Supplement in respect of a pre-commencement accounting period
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
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#### Introduction
#### Adjustment of profits on averaging claim
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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### Meaning of “industrial assurance business”
##### 20A
In this Part of this Schedule “*industrial assurance business*” means any industrial assurance business within the meaning given by—
- (a) section 1(2) of the Industrial Assurance Act 1923, or
- (b) Article 3(1) of the Industrial Assurance (Northern Ireland) Order 1979,
which was carried on before 1 December 2001.
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#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2007-08-13
Income and Corporation Taxes Act 1988
2007-07-19
Income and Corporation Taxes Act 1988
2007-07-17
Income and Corporation Taxes Act 1988
2007-04-17
Income and Corporation Taxes Act 1988
2007-04-06
Income and Corporation Taxes Act 1988
2007-04-01
Income and Corporation Taxes Act 1988
2007-03-29
Income and Corporation Taxes Act 1988
2007-03-21
Income and Corporation Taxes Act 1988
2007-03-01
Income and Corporation Taxes Act 1988
2007-01-08
Income and Corporation Taxes Act 1988
2007-01-01
Income and Corporation Taxes Act 1988
2006-12-31
Income and Corporation Taxes Act 1988
2006-12-26
Income and Corporation Taxes Act 1988
2006-12-12
Income and Corporation Taxes Act 1988
2006-12-06
Income and Corporation Taxes Act 1988
2006-08-11
Income and Corporation Taxes Act 1988
2006-07-19
Income and Corporation Taxes Act 1988
2006-06-09
Income and Corporation Taxes Act 1988
2006-04-06
Income and Corporation Taxes Act 1988
2006-04-01
Income and Corporation Taxes Act 1988
2006-03-22
Income and Corporation Taxes Act 1988
2006-01-06
Income and Corporation Taxes Act 1988
2005-12-27
Income and Corporation Taxes Act 1988
2005-12-05
Income and Corporation Taxes Act 1988
2005-11-01
Income and Corporation Taxes Act 1988
2005-10-05
Income and Corporation Taxes Act 1988
2005-09-27
Income and Corporation Taxes Act 1988
2005-08-12
Income and Corporation Taxes Act 1988
2005-08-11
Income and Corporation Taxes Act 1988
2005-08-03
Income and Corporation Taxes Act 1988
2005-07-24
Income and Corporation Taxes Act 1988
2005-07-20
Income and Corporation Taxes Act 1988
2005-06-08
Income and Corporation Taxes Act 1988
2005-04-07
Income and Corporation Taxes Act 1988
2005-04-06
Income and Corporation Taxes Act 1988
original version
Text at this date